| (USD) | Oct 2023 | Q/Q |
|---|---|---|
| Revenue | 146.1MM | +2% |
| Gross Profit | 120.5MM | +6% |
| Cost Of Revenue | 25.6MM | -13% |
| Operating Income | -55.6MM | -33% |
| Operating Expenses | 176.1MM | -10% |
| Net Income | -39.5MM | -40% |
| R&D | 54.3MM | -9% |
| G&A | 34.4MM | -3% |
| Marketing | 87.3MM | -14% |
| Amortization | 2MM | +11% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
How could IBM's buying HashiCorp help it? And what was it about Meta's earnings report that gave the market pause?
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.
Its second-largest acquisition to date is geared at helping businesses manage multiple cloud platforms, and capturing the Silicon Valley company’s developer following.
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 ...
IBM stock slipped after the computing giant reported first quarter earnings ahead of expectations, with sales slightly below.
Why did IBM's stock plunge despite robust earnings? "Good enough" isn't always good enough on Wall Street.
(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 BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsHow to Get a Meeting With the UAE’s $1.5
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.
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.
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. T...