Investing.com -- HSBC downgraded IBM to Reduce from Hold and cut its price target to $191 from $231 in a note on Tuesday, arguing that a basket of IBM's peers offers superior earnings potential for the same investment.
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IBM stock was heading for its largest same-day plunge in nearly 40 years on Tuesday after the company’s preliminary second-quarter adjusted earnings and revenue missed analysts’ targets. In a letter to shareholders, CEO Arvind Krishna explained that the shortfall was largely driven by the company’s infrastructure business. “What played out was worse than our expectations,” Krishna wrote.
If you own shares in the consulting giant, you are already carrying the full weight of a wide and uncertain two-way swing priced by the options market.
IBM reports earnings on July 22 and the setup heading into that date combines a dividend streak most tech stocks cannot touch with an AI angle Wall Street has barely started to price in.
(Bloomberg) -- Shares of software and IT services companies plunged Tuesday after International Business Machines Corp. reported preliminary results that missed analyst expectations, reigniting questions over the sector’s prospects.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkDisney Exiting Streaming Could Spur 40% Rally: Wells FargoO
Tech stocks faced downward pressure Tuesday as disappointing preliminary results from IBM (NYSE:IBM) rippled across the sector, pulling shares of major software companies lower. Following IBM’s update, investors reacted sharply to the cooling sentiment in the broader software space: Accenture (NYSE:ACN): Fell 8% ServiceNow (NYSE:NOW): Dropped 6% Workday (NASDAQ:WDAY): Declined 5% Salesforce (NYSE:CRM): Slipped 5% The decline is rooted in a fundamental shift in enterprise capital expenditure (cap
Companies are rethinking AI implementation as soaring costs eat into the bottom line.
Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 Best Stocks to Buy in 2026 According to Billionaire D.E. Shaw. Alphabet Inc. (NASDAQ:GOOGL)’s shares are up by 103% over the past year and 13% year-to-date. Over the course of the past year, the firm has managed to transform itself from operating under the threat of action […]
A company is buying its own shares with extraordinary conviction as the market sells them off, creating a high-stakes standoff over its future.
The company is cheap and generates significant cash, but with ownership so widely spread, the only real question is who might make the first move.
The market is punishing this company's stock, but its biggest and most aggressive buyer believes the price is deeply wrong.
The market seems to believe this advertising giant is standing still, yet its cash flow is gushing at a rate that puts government bonds to shame.
Alphabet Inc. (NASDAQ:GOOGL) is one of the 15 Best NASDAQ 100 Stocks to Buy Other Than SpaceX. On July 7, 2026, Accenture (ACN) and Alphabet Inc. (NASDAQ:GOOGL)’s Google Cloud announced a suite of agentic solutions aimed at helping mid-market companies with technology and AI transformation. Accenture Edge will bring Accenture’s Google Cloud capabilities to a […]
Accenture's 200M euros NATO deal to build a secure cloud-enabled digital network could strengthen its defense technology credentials.
The market has left this technology consulting giant for dead, but its financial statements keep telling a story of relentless cash production.
Zacks.com users have recently been watching Accenture (ACN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Accenture (ACN) has announced a multi million euro contract with NATO for its Protected Business Network program, along with new AI partnerships with Google Cloud and ServiceNow that expand its presence in cybersecurity and cloud services. See our latest analysis for Accenture. Despite the NATO contract and new AI partnerships, Accenture’s recent share price return has been weak, with the stock down 45.32% year to date and the 1 year total shareholder return declining 51.92%. However, the 7...
Generate upfront income by selling put options on a tech giant below current market prices—keeping the premium regardless of whether the stock rises, moves sideways, or stays above your target price.
PowerFleet Inc. (NASDAQ:AIOT) is one of the best 11 small-cap software infrastructure stocks to buy now. On June 30, PowerFleet Inc. (NASDAQ:AIOT) shared that the company has received Board approval for a $30 million share buyback program, which could be executed over the course of the next 2 years. As a component of the company’s […]
The market seems to see a slow-moving utility, but the financial reality of this advertising giant looks more like a high-yield growth story.
The new collaboration focuses on delivering tools to help mid-market organisations optimise business operations and enhance competitiveness.
Midsize companies face familiar AI adoption setbacks but need services tailored to their scale, Accenture CEO Julie Sweet said.
ACN's ServiceNow deal brings agentic AI to cybersecurity, aiming to cut risk management complexity and expand AI services opportunities.
ACN's 29.3% drop reflects a weaker revenue outlook, soft bookings and AI disruption fears, making the stock risky despite a discounted valuation.
A global consulting giant is handing back an extraordinary amount of cash to its owners, yet the market keeps selling. Here’s the offer, the risk, and the one number to watch.
Accenture plc (NYSE:ACN) is one of BlackRock’s 30 most important AI stocks right now. On June 23, Accenture plc (NYSE:ACN) launched Accenture Edge to support mid-market companies in leveraging technology and AI capabilities. Accenture Edge uses the expertise gained by Accenture from serving some of the largest companies in the world, along with its technology […]
After a second quarter that saw the index rally around 15%, following a first quarter in which it lost more than 4%, the playing field has been left with a scattered group of winners and losers.
Microsoft has announced the launch of Microsoft Frontier Company with a planned investment of $2.5b. The new unit will embed 6,000 AI engineers and specialists directly with enterprise customers. The initiative aims to accelerate large scale AI adoption across industries in partnership with firms such as Accenture and KPMG. For investors tracking Microsoft, NasdaqGS:MSFT, this move represents a material expansion of its AI services effort rather than a routine product update. The stock last...
Accenture is spending billions to pivot toward new growth markets, but when analysts last pressed management, the focus was squarely on the immediate stumbles in the core business.