Drexel Hamilton Cuts Price Target on IBM (IBM) Following 4Q Earnings

UBS Cuts IBM's (IBM) Target Price on Weak Software

UBS analyst, Steve Milunovich believes IBM (NYSE: IBM) is headed into another transition year. Investors will be bothered by the 6% decline in software revenue despite company assurances it will improve and 2016 EPS is likely to drop 10%. No change to Neutral rating but dropping PT to $132 from $145.

IBM reported 4Q results roughly in-line though a lower... More

Q4 Shows IBM (IBM) Transition Continues - Jefferies

Jefferies analyst, James Kisner, reiterated his Underperform rating and $110 PT on IBM (NYSE: IBM) following Q4 results. Weakness in software and services bookings continue to plague the company.

Adjusting for taxes, Q4 EPS missed consensus. CY16 EPS and FCF guidance was disappointing... More

RBC Capital Cuts Price Target on IBM (IBM) Following 4Q EPS Beat

RBC Capital maintained a Sector Perform rating on IBM (NYSE: IBM), and cut the price target to $135.00 (from $145.00), following the company's 4Q warnings report. IBM reported revenue of $22.1B which was in-line with Street expectations, while operating EPS of $4.84 was ahead of Street estimates of $4.81.

Analyst... More

After-Hours Stock Movers 01/19: (NFLX) (CREE) (NLS) Higher; (AMD) (IBM) (IBKR) Lower (more...)

Netflix (NASDAQ: NFLX) 7.3% HIGHER; reported Q4 EPS of $0.10, versus the analyst estimate of $0.02. Revenue was $1.82 billion, versus $1.83 billion expected. International Streaming adds were 4.04 million, versus 3.50 million million expected. Domestic subs grew by 1.56 million.

Advanced Micro Devices (Nasdaq: AMD) 6.2% LOWER; reported Q4 EPS of ($0.10), in-line with the analyst... More

IBM (IBM) Sees FY16 EPS of at Least $13.50 vs Consensus of $15

IBM (NYSE: IBM) Sees FY16 EPS of at Least $13.50 vs Consensus of $15

Market Wrap: Netflix Smashes Q4 Expectations; Builder Confidence Firm in Jan.; Merger Tuesday

Market wrap for January 19th

End of the Day: S&P 500 up 1.0 to 27.9; Dow Jones up 27.9 to 16,016.02; Nasdaq down 11.5 to 4,476.95

Market Brief: Markets popped higher Monday after data showed China's growth rate didn't slow more than expected last year. GDP for China was 6.9 percent for 2015 (6.8 percent for Q4), which is the slowest growth seen in the country for 25 years.

Large banks Bank of America and Morgan Stanley reported confidence Q4 results, helping to drive shares higher.

Netflix gained in late trading after... More

IBM (IBM) Tops Q4 EPS by 3c

IBM (NYSE: IBM) reported Q4 EPS of $4.84, $0.03 better than the analyst estimate of $4.81. Revenue for the quarter came in at $22.06 billion versus the consensus estimate of $22.04 billion.

Strategic imperatives revenue of $28.9 billion now represents 35 percent of total IBM revenue, up 26 percent... More

IBM's (IMB) 2016 Guidance Still Needs to Come Down - Bernstein

IBM (NYSE: IBM) materially lowered its guidance for 2015 EPS last quarter from $15.75-$16.50 to $14.75- $15.75 with the lower bar, consensus Q4 EPS estimates seem achievable, and overall investor expectations are low, Bernstein's Toni Sacconaghi explains. Importantly, IBM may benefit from a material ($0.50+)... More