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IBM

IBM

$142.98

-0.56 (-0.39%)

16:14
07/17/19
07/17
16:14
07/17/19
16:14

IBM backs FY19 adjusted EPS view of at least $13.90, consensus $13.90

Through the second quarter, IBM remains on track to achieve GAAP diluted earnings per share of at least $12.45, operating (non-GAAP) diluted earnings per share of at least $13.90 and free cash flow of approximately $12 billion, all excluding the impact of Red Hat and related activity. Operating (non-GAAP) diluted earnings per share expectations exclude $1.45 per share of charges for amortization of purchased intangible assets and other acquisition-related charges, including pre-closing charges, such as financing costs associated with the Red Hat acquisition; retirement-related charges; and tax reform enactment impacts. It does not include any other amounts for Red Hat or Red Hat related activity. The company will provide an update to these full-year expectations (including GAAP EPS expectations) on August 2, 2019 to reflect the addition of the recently-closed Red Hat acquisition. IBM continues to expect Red Hat, including related activity, to be accretive to free cash flow in the first year; accretive to operating (non-GAAP) earnings per share by the end of the second year after closing; and dilutive to full-year 2019 earnings per share due primarily to a non-cash purchase accounting adjustment.

  • 17

    Jul

  • 18

    Jul

IBM IBM
$142.98

-0.56 (-0.39%)

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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IRM

Iron Mountain

$32.64

-0.135 (-0.41%)

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AMZN

Amazon.com

$1,776.00

7.3 (0.41%)

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NBEV

New Age Beverages

$2.73

(0.00%)

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12:30
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General news
FX Action: USD-JPY »

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NWL

Newell Brands

$19.31

0.14 (0.73%)

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Newell Brands call volume above normal and directionally bullish »

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GM

General Motors

$37.04

0.77 (2.12%)

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  • 29

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
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Technical Analysis
NYSE market internals summary »

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PLAN

Anaplan

$44.40

-3.33 (-6.98%)

12:15
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Options
Anaplan put volume heavy and directionally bearish »

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  • 16

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MCK

McKesson

$146.86

8.69 (6.29%)

, ABC

AmerisourceBergen

$87.62

4.44 (5.34%)

12:11
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On The Fly
Fly Intel: Wall Street's top stories at midday »

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MCK

McKesson

$146.86

8.69 (6.29%)

ABC

AmerisourceBergen

$87.62

4.44 (5.34%)

CAH

Cardinal Health

$49.76

1.83 (3.82%)

JNJ

Johnson & Johnson

$136.44

3.6 (2.71%)

TEVA

Teva

$7.33

0.37 (5.32%)

GM

General Motors

$37.14

0.87 (2.40%)

UAL

United Airlines

$90.00

2.1 (2.39%)

BA

Boeing

$376.35

5.36 (1.44%)

BAC

Bank of America

$30.38

0.64 (2.15%)

MGM

MGM Resorts

$27.47

-0.4 (-1.44%)

BX

Blackstone

$46.86

-0.24 (-0.51%)

ACHN

Achillion

$6.25

2.595 (71.00%)

ALXN

Alexion

$102.60

-2.245 (-2.14%)

SFIX

Stitch Fix

$22.00

1.17 (5.62%)

WDAY

Workday

$158.51

-22.33 (-12.35%)

SNBR

Sleep Number

$45.49

-1.2 (-2.57%)

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WB

Weibo

$52.17

2.85 (5.78%)

12:05
10/16/19
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Options
Weibo call volume above normal and directionally bullish »

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APHA

Aphria

$5.00

-0.41 (-7.58%)

12:00
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  • 12

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NOW

ServiceNow

$251.40

-23.2 (-8.45%)

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AVD

American Vanguard

$13.39

-1.87 (-12.25%)

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HOV

Hovnanian

$28.26

2.2 (8.44%)

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OMI

Owens & Minor

$6.98

0.55 (8.55%)

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FIT

Fitbit

$3.75

0.305 (8.85%)

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GM

General Motors

$37.17

0.9 (2.48%)

11:57
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UAW sends proposed tentative deal to UAW GM members to ratify »

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  • 29

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PDCO

Patterson Companies

$17.42

0.09 (0.52%)

, HSIC

Henry Schein

$62.68

0.83 (1.34%)

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PDCO

Patterson Companies

$17.42

0.09 (0.52%)

HSIC

Henry Schein

$62.68

0.83 (1.34%)

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  • 08

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HSIC

Henry Schein

$62.41

0.56 (0.91%)

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Judge dismisses FTC complaint against Henry Schein »

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  • 08

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XLF

Financial Select Sector

$28.06

-0.02 (-0.07%)

11:50
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Options
Upside call buyer in Financial Sector ETF tied to hedge »

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IRBT

iRobot

$58.37

0.58 (1.00%)

11:48
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  • 23

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RNET

RigNet

11:46
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Initiation
RigNet initiated  »

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ATNI

ATN International

11:46
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Initiation
ATN International initiated  »

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  • 24

    Oct

AGYS

Agilysys

$25.64

-0.67 (-2.55%)

11:46
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10/16
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Initiation
Agilysys initiated  »

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