Technology

Analyst Review on Two Buzzers: International Business Machines Corporation (NYSE:IBM), Baidu, Inc. (NASDAQ:BIDU)

0 23

International Business Machines Corporation (NYSE:IBM) initiated the shares trading at $159.30 and showed positive change of +0.05% while the stock’s final trade was registered at $ 159.86. However, its previous closing price was seen at $159.78. The stock negotiated total number of 6.73 million shares as compared to 3 months average volume of 3.77 million shares.

The stock price demonstrated downbeat change from its 50 day moving average of 152.95 and had been up from its 200 Day Moving Average of 142.99.

IBM (IBM) reported second-quarter 2016 earnings results.

 

“IBM continues to establish itself as the leading cognitive solutions and cloud platform company. In doing so, IBM is pioneering new business opportunities beyond the traditional IT marketplace,” stated Ginni Rometty, IBM chairman, president and chief executive officer. “In the q2 we delivered double-digit revenue growth in our planned imperatives, driven by innovations in areas such as analytics, security, cloud video services and Watson Health, all powered by the IBM Cloud and differentiated by industry. And we continue to invest for growth with recent breakthroughs in quantum computing, Internet of Things and Blockchain solutions for the IBM Cloud.”

International Business Machines Corporation’s (IBM) has price-to-cash ratio of 10.35 and price to sale ratio of 1.90. The company net profit margin is 15.90% and gross profit margin is 49.40%. A look on the firm performance, its monthly performance is 5.83% and a quarterly performance of 5.82%. The stock price is moving up from its 20 days moving average with 4.56% and isolated positively from 50 days moving average with 5.66%.

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. One week ago, shares have been suggested as “BUY” from “8” brokerage firms and recommended as “Strong Buy” by “2” brokerage firms. 2” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “2.61” brokerage firms. “1” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings.

Shares of Baidu, Inc. (NASDAQ:BIDU) climbed +1.26% and ended at $164.79 greater than previous closing price of $162.74. The total 2.33 million shares were bought and sold throughout the most recent trading session less than average volume of 3.83 million shares.

ZestFinance reported recently that it has received a planned investment from Baidu (BIDU), the leading Chinese language Internet search provider. ZestFinance is a Los Angeles-based firmthat uses machine learning to transform vast amounts of complex data into credit scores. Artificial intelligence experts and data scientists at both companies plan to work together to apply ZestFinance’s underwriting technology to Baidu’s search, location, and payment data in order to improve credit scoring decisions in China.

 

“At ZestFinance, our mission is to make fair and transparent credit accessible to everyone,” stated Douglas Merrill, Founder and CEO of ZestFinance. “This investment from Baidu will help further our mission, particularly in the fast-growing Chinese credit market. We’re thrilled to work with Baidu to turn search data into credit data.”

The average true range of Baidu, Inc.’s (BIDU) is recorded at 5.09 and the relative strength index of the stock stands 50.92. The stock price is going above to its 52 week low with 64.79% and lagging behind from its 52 week high with -24.40%. Analyst recommendation for this stock stands at 2.10. A look on the firm performance, its monthly performance is -0.44% and a quarterly performance of -14.59%. The stock price is trading downbeat from its 200 days moving average with -6.34% and down from 50 days moving average with -1.48%.

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. One week ago, shares have been suggested as “BUY” from “1” brokerage firms and recommended as “Strong Buy” by “1” brokerage firms. 0” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “1.36” brokerage firms. “0” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings.

 

About the author / 

Leave a reply

Your email address will not be published. Required fields are marked *

About Us

WSnews4investors is the influential source for financial news and Opinion Company with content which delivered over the Internet. WSnews4investors is a dynamic and innovative financial media outlet that empowers investors with high-quality, unique content that is coveted by Wall Street’s traders.

Newsletter