Analysts maintained their positive views on IBM (IBM) after providing better-than-expected guidance following preliminary second quarter results last week that resulted in a stock drop of about 25%.
Shares of IBM dipped about 2% premarket on Thursday
J.P. Morgan kept its To ensure this doesnât happen in the future, please enable Javascript and cookies in your browser. If you have an ad-blocker enabled you may be blocked from proceeding.
Please disable your ad-blocker and refresh. Entering text into the input field will update the search result below Entering text into the input field will update the search result below Quick Insights IBM issued better-than-expected full-year guidance but must regain investor confidence with stronger execution, as concerns remain about its mainframe and software business. Slipped, not lost, mainframe deals contributed to the quarterly miss; about a third have already closed this month, suggesting demand may remain intact.