19.10.2016 - Weak results of IBM for the 3rd quarter will put pressure on the company's shares in the future
The results of IBM for the 3rd quarter showed a decrease in profit and revenue, but cloud services and artificial intelligence showed growth, which allows you to stay optimistic about the stock in the long run. The company's revenue decreased by 0.3% over the year to 19.23 billion dollars. At the same time, net profit fell by 4% to 2.9 billion dollars. Our medium-term outlook remains negative and we expect a price decrease in the near future and medium term by 15-18%.