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IBM

IBM

$142.94

-0.6 (-0.42%)

12:24
07/17/19
07/17
12:24
07/17/19
12:24

Fly Intel: What to watch in IBM's earnings report

IBM (IBM) is scheduled to report results of its fiscal second quarter after the market close on July 17, with a conference call scheduled for 5:00 pm ET. What to watch for: 1. FY EPS GUIDANCE DOWN A TICK: Along with its last report, IBM reaffirmed its fiscal 2019 view for operating earnings per share of at least $13.90 on free cash flow of roughly $12B. At the time, analysts were expecting the company to report FY19 EPS of $13.91, but that figure has since fallen just a bit to $13.90, according to First Call. Analysts expect the company to report Q2 earnings per share of $3.07 on revenue of $19.16B. 2. RED HAT ACQUISITION: On June 19, Reuters reported that European Union antitrust regulators were expected to approve IBM's proposed $34B acquisition of Red Hat without demanding concessions. The European Commission a week later officially approved the deal without conditions. The Commission said at the time that it had concluded the deal would raise no competition concerns. IBM announced the official closing of the deal on July 9, saying in a statement that the acquisition positions the company as "the leading hybrid cloud provider" and accelerates its "high-value business model." In an interview with CNBC's "Mad Money" after the announcement, IBM CEO Ginni Rometty said that the Red Hat takeover extends the company's reach into the Cloud. In addition, Red Hat CEO Jim Whitehurst said that the deal involves "two cultures working to make something unique that we couldn't before." 3. JOB CUTS: Early last month, CNBC reported that IBM was planning to lay off roughly 1,700 employees. An IBM spokesperson told CNBC in an email at the time that the company was continuing to "reposition our team to align with our focus on high-value segments of the IT market." The same day, the Wall Street Journal reported that the company was cutting roughly 2,000 jobs that week. 4. DIVIDEND: On April 30, IBM's board raised its quarterly dividend to $1.62 per share from $1.57. CEO Rometty at the time said, "Our strong cash generation has enabled IBM to invest aggressively in the emerging, high-value segments of our industry, while continuing to return capital to our shareholders."

  • 17

    Jul

  • 18

    Jul

IBM IBM
$142.94

-0.6 (-0.42%)

06/06/19
DADA
06/06/19
NO CHANGE
Target $9
DADA
Buy
Cloudera price target lowered to $9 from $23 at DA Davidson
DA Davidson analyst Rishi Jaluria lowered his price target on Cloudera (CLDR) to $9 after its "disastrous" quarter with a reset of the company's recurring revenue expectations, resignation of its CEO, and weak bookings, as customers await the release of Cloudera Data Platform, or CDP. The analyst also points to Cloudera's higher churn, and increased competitiveness from Amazon's (AMZN) AWS, Microsoft's (MSFT) Azure, and Google's (GOOGL) GCP impacting the quarter. Jaluria cuts his FY21 EPS view to (19c) from 22c but maintains his Buy rating on Cloudera, citing his "glimmer of hope" that the company can reaccelerate growth with CDP or that either a private equity firm or IBM (IBM) would acquire it given the reduced 1.8-times enterprise value to expected 2020 revenue valuation.
06/21/19
WBLR
06/21/19
DOWNGRADE
WBLR
Market Perform
Red Hat downgraded to Market Perform from Outperform at William Blair
William Blair analyst Jason Ader downgraded Red Hat (RHT) to Market Perform from Outperform citing the nearing of the takeover by IBM (IBM).
06/21/19
NEED
06/21/19
NO CHANGE
NEED
Hold
Red Hat acquisition by IBM 'well on track', says Needham
Needham analyst Jack Andrews kept his Hold rating on Red Hat (RHT) after its Q1 earnings beat that was helped in part by the tax benefits from merger-related costs, saying the company's growth in its Infrastructure business has remained strong and its large-deal metrics were "solid". The analyst notes that while the company made no further updates on its pending IBM (IBM) acquisition, its recent approval by the DOJ and speculation of "unconditional" approval by E.U. regulators suggest that the completion of the deal remains "well on track".
07/09/19
STFL
07/09/19
NO CHANGE
Target $169
STFL
Buy
Red Hat closing probably earlier than most expected, says Stifel
Stifel analyst David Grossman said IBM's (IBM) closing of its Red Hat (RHT) acquisition probably came earlier than most expected, adding that IBM will report standalone Q2 results next week, on July 17, and than will provide an update including Red Hat on a webcast scheduled for August 2. IBM is set up as a defensive holding with two potential catalysts, namely continued improvement in its core infrastructure services business and demonstrated success in leveraging Red Hat, said Grossman, who keeps a Buy rating and $169 price target on IBM shares.

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TGT

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Grocery Outlet

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AEO

American Eagle

$15.40

0.63 (4.27%)

07:33
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ANGI

Angi Homeservices

$8.18

-0.18 (-2.15%)

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Match Group

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IAC

IAC

$249.17

4.21 (1.72%)

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AAPL

Apple

$206.44

4.71 (2.33%)

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Hasbro

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MAT

Mattel

$10.74

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AGR

Avangrid

$49.29

0.37 (0.76%)

JPM

JPMorgan

$107.73

2.52 (2.40%)

BAC

Bank of America

$27.04

0.79 (3.01%)

C

Citi

$63.46

2.13 (3.47%)

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NCLH

Norwegian Cruise Line

$50.48

1.38 (2.81%)

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RM

Regional Management

$27.12

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RTN

Raytheon

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WEN

Wendy's

$19.94

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  • 13

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BRY

Berry Petroleum

$8.59

0.39 (4.76%)

17:54
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CSWI

CSW Industrials

$70.20

1.92 (2.81%)

17:52
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CSW Industrials CEO sells 25K shares of common stock »

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OAS

Oasis Petroleum

$3.03

0.135 (4.66%)

17:49
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EE

El Paso Electric

$66.41

0.005 (0.01%)

17:45
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El Paso Electric director Wertheimer sells 25K shares of common stock »

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HON

Honeywell

$165.07

2.81 (1.73%)

17:42
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MBRX

Moleculin Biotech

$1.08

0.01 (0.93%)

17:37
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VIVE

Viveve

$0.13

0.0046 (3.59%)

17:35
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Breaking Syndicate news story on Viveve »

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PRGO

Perrigo

$46.21

0.535 (1.17%)

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  • 01

    Oct

UAL

United Continental

$82.96

1.36 (1.67%)

17:28
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MBIO

Mustang Bio

$3.88

0.19 (5.15%)

17:26
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  • 04

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BCLI

BrainStorm

$3.63

0.055 (1.54%)

17:24
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WLK

Westlake Chemical

$61.27

0.66 (1.09%)

17:15
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GIG

GigCapital

$10.30

(0.00%)

17:10
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