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Fri, 03 May 2024 08:12:00 +0000 |
IBM's Deal and Meta's Report
How could IBM's buying HashiCorp help it? And what was it about Meta's earnings report that gave the market pause?
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Wed, 01 May 2024 06:57:06 +0000 |
IBM raises its cloud automation game with $6.4bn HashiCorp buy
When the deal closes, IBM will further extend its Red Hat subsidiary's cloud automation tool set, strengthening its play in the infrastructure-as-code sector.
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Mon, 29 Apr 2024 21:16:00 +0000 |
IBM’s Bet on HashiCorp to Boost Cloud Management Offerings
Its second-largest acquisition to date is geared at helping businesses manage multiple cloud platforms, and capturing the Silicon Valley company’s developer following.
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Thu, 25 Apr 2024 20:44:04 +0000 |
US STOCKS-Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected U.S. economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms. Three other Magnificent Seven stocks, including Alphabet, Amazon.com and Microsoft, finished lower. However, shares of Alphabet and Microsoft were advancing in extended hours trading after both companies reported quarterly results that beat Wall Street estimates.
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Thu, 25 Apr 2024 20:04:41 +0000 |
IBM Strikes $6.4 Billion Deal For HashiCorp, But 'Slower Start' To Year Dings Stock
IBM stock slipped after the computing giant reported first quarter earnings ahead of expectations, with sales slightly below.
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Thu, 25 Apr 2024 18:00:39 +0000 |
IBM's Stock Got a Big, Blue Bruise Today
Why did IBM's stock plunge despite robust earnings? "Good enough" isn't always good enough on Wall Street.
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Thu, 25 Apr 2024 16:57:35 +0000 |
IBM Drops Most Since 2021 on Lackluster Results Despite Deal
(Bloomberg) -- International Business Machines Corp. dropped the most intraday in three years after weak consulting unit sales disappointed investors and overshadowed the company’s acquisition of software firm HashiCorp Inc.Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsTesla Soars on Tentative China Approval for Driving SystemStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterBinance and CZ’s Fortunes Are Set to Grow, Jail or no JailUS Warns ICC
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Thu, 25 Apr 2024 16:04:40 +0000 |
US STOCKS-Wall St loses over 1% amid fading rate-cut hopes
U.S. stocks slumped on Thursday as most megacaps fell after Meta Platforms' quarterly results, while sentiment was shaken amid signs of persistent inflation that dampened hopes of the Federal Reserve easing monetary policy anytime soon. Meanwhile, U.S. economic growth slowed more than expected in the first quarter, but an acceleration in inflation suggested that the Fed would not cut interest rates before September.
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Thu, 25 Apr 2024 15:00:00 +0000 |
ETFs in Focus Post IBM's Q1 Revenue Miss, HashiCorp Deal
International Business Machines (IBM) beat estimates for earnings but missed the same for revenues. Shares are declining following earnings announcement.. Also, IBM agreed to buy HashiCorp (HCP) for $35 per share in cash.
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Thu, 25 Apr 2024 14:00:18 +0000 |
IBM stock plunges amid narrow Q1 revenue miss, HashiCorp talks
IBM (IBM) shares are falling in Thursday's pre-market trading session, marking their worst single-day decline since 2021. This plunge comes in the wake of the company's first-quarter results, which fell short of revenue estimates. Morning Brief anchors Seana Smith and Brad Smith discuss the report, shedding light on IBM's potential acquisition of cloud service provider HashiCorp (HCP). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
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Thu, 25 Apr 2024 13:59:39 +0000 |
US STOCKS-Wall St drops as Meta Platforms, economic data weigh
U.S. stocks were sharply lower on Thursday, dragged down by growth stocks after dour quarterly results from Meta Platforms, while signs of persistent inflation dampened hopes of the Federal Reserve cutting interest rates anytime soon. Meta plunged 14.7% after the Facebook-parent forecast higher expenses and lighter-than-expected revenue. Other growth stocks also came under pressure, with Alphabet , Amazon.com and Microsoft down between 4.3% and 4.5%.
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Thu, 25 Apr 2024 13:43:43 +0000 |
Stocks to Watch Thursday: Meta, American Airlines, Microsoft, IBM
**Meta Platforms (META)**: The Facebook parent reported record first-quarter revenue but spooked investors with forecasts of rising costs. Its shares tumbled. **IBM (IBM)** and **HashiCorp (HCP)**: IBM's quarterly revenue missed expectations amid a slowdown in its consulting business.
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Thu, 25 Apr 2024 11:57:10 +0000 |
IBM to buy HashiCorp in $6.4bn deal to expand cloud software offerings
The deal demonstrates IBM’s increased focus on software as its consulting business has been hit by decreasing enterprise spending.
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Thu, 25 Apr 2024 11:41:02 +0000 |
Q1 2024 International Business Machines Corp Earnings Call
Q1 2024 International Business Machines Corp Earnings Call
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Thu, 25 Apr 2024 10:29:22 +0000 |
IBM Strikes $6.4 Billion Deal to Buy HashiCorp; First-Quarter Revenue Misses Street Views
IBM Strikes $6.4 Billion Deal to Buy HashiCorp; First-Quarter Revenue Misses Street Views
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Thu, 25 Apr 2024 07:21:58 +0000 |
International Business Machines Corp (IBM) (Q1 2024) Earnings Call Transcript Highlights: ...
IBM showcases robust Q1 performance with significant gains in software and consulting, underpinned by strategic acquisitions and AI integration.
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Wed, 24 Apr 2024 21:32:49 +0000 |
IBM's Q1 Earnings: A Close Alignment with Analyst Projections Amid Strategic Moves
International Business Machines Corp Reports Steady Growth and Strategic Acquisitions
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Wed, 24 Apr 2024 20:40:10 +0000 |
IBM earnings top estimates, acquiring HashiCorp for $6.4B
IBM (IBM) reported first quarter operating earnings of $1.68 compared to estimates of $1.59. Revenue of $14.46 billion was just shy of expectations of $14.5 billion. The tech giant also announced it was buying HashiCorp (HCP) for $35 per share, or about $6.4 billion, in a bid to boost its cloud-based offerings. Yahoo Finance's Julie Hyman and Josh Lipton break down the results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich. This post has been updated to reflect a more accurate revenue estimate.
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Wed, 24 Apr 2024 20:21:05 +0000 |
IBM Acquires Software Maker HashiCorp in $6.4 Billion Deal
(Bloomberg) -- International Business Machines Corp. said it has agreed to buy HashiCorp Inc. in a transaction valuing the software company at $6.4 billion on an enterprise basis.Most Read from BloombergMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Said to Have Built ‘Large’ Stake in Buffett-Favored SumitomoYen Watchers Ask When Japan Will Step In as Slide AcceleratesBlade to Offer Luxury Bus Service to Hamptons at Fare Up to $275Southeast Asia Heat Wave Shuts Schools,
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Wed, 24 Apr 2024 20:15:09 +0000 |
IBM to buy HashiCorp in $6.4 billion deal to expand in cloud
(Reuters) -International Business Machines will buy HashiCorp in a deal valued at $6.4 billion, the company said on Wednesday, expanding its cloud-based software products to tap into an AI-powered boom in demand. IBM will pay $35 per share for HashiCorp, a 42.6% premium to Monday's closing price. HashiCorp's shares had surged on Tuesday following media reports of the deal talks.
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