International Business Machines Corporation (NYSE: IBM) has announced the decision to takeover Instana. The decision to buy Instana will support the businesses to utilize AI to manage the complexity of modern applications. Instana is recognized for its offering of both SaaS and on-premises solutions will support the advanced hybrid cloud and AI strategy of IBM and advances its AI-powered automation capabilities.
After the acquisition of Instana, the capabilities of Instana will be consolidated into IBM which helps customers in solving complex technological problems. This is an important step to stop unexpected IT incidents as this acquisition will give companies the most complete portfolio of AI-automated solutions.
International Business Machines Corporation (IBM) has seen some recent volatility in the marketplace and its shares closed trading at $116.77 yesterday. Traders are starting to take interest in IBM as the shares traded as high as $118.88 and as low as $116.75 in the prior trading day.
International Business Machines Corporation (IBM) average trading volume is 5.28M. However, in the prior trading day International Business Machines Corporation (IBM) exchanged 4,602,350 shares. The 1st downside support level on IBM is $106.65 and the 1st upside resistance level on IBM is $135.75. IBM 50-day moving average is $118.51 and IBM two hundred day moving average is $121.84.
International Business Machines Corporation (IBM) most recent performance has been shown by the recent movement in IBM shares. IBM has performed -0.51% over the past month, IBM has performed -5.18% over the past 90 days and IBM has shown -13.20% over the past 12 months. International Business Machines Corporation (IBM) has a 1 year range of $90.56 to $158.75. International Business Machines Corporation (IBM) is trading 28.94% from its 1 year low and -26.44% from its 1 year high. International Business Machines Corporation (IBM) is displaying a 2.76% short float displaying the quantity short in the float.
IBM has 891.38M shares outstanding and 889.98M shares in the float. International Business Machines Corporation (IBM) currently has a market cap of $101.96B and an income of 8.02B. The EPS next quarter for IBM is 1.78 and the projected EPS next year is 38.24%. The market cap of International Business Machines Corporation (IBM) at $101.96B represents how many Traders own shares of IBM and is based off the last price ($116.77) of IBM and the quantity of shares outstanding (891.38M) with International Business Machines Corporation (IBM).
International Business Machines Corporation (IBM) has total cash (mrq) of 15.59B, total cash per share (mrq) of 17.5, total debt of IBM is at 70.39B and total debt/equity (mrq) is 329.92. . International Business Machines Corporation (IBM) running cash flow (ttm) is 15.79B, IBM leveraged free cash flow (ttm) is 13.46B.
IBM is trading 2.31% above (bullish) its SMA20, -2.13% below (bearish) its SMA50 and -4.95% below (bearish) its SMA200.