International Business Machines Corp (NYSE:IBM)

 

International Business Machines Corp (NYSE:IBM), provides information technology (IT) products and services worldwide. The company’s Global Technology Services segment provides IT infrastructure and business process services, such as outsourcing, processing, integrated technology, cloud, and technology support. Its Global Business Services segment offers consulting and systems integration services for strategy and transformation, application innovation services, enterprise applications, and smarter analytics; and application administration, maintenance, and support services.

International Business Machines Corp News Update:

IBM (NYSE: IBM) declared that it is providing access to the IBM Cloud as part of the First Responder Application Challenge that runs through Dec.14. IBM and its partner Vencore, Inc., in coordination with USGIF and APCO, have teamed up to develop an application ecosystem that enables the development and delivery of predictive analytic and mobile applications that can significantly improve the operational capability of first responders, be built and delivered on the cloud, and apply data and innovation to solve real-world problems.

This challenge continues IBM’s focus on growing an ecosystem to drive further U.S. Federal and public sector cloud adoption. IBM also declared recently the addition of five new federal partners to focus on advancing hybrid cloud. IDC’s U.S. Government Private Cloud Infrastructure as a Service 2014 Vendor Assessment cited IBM Cloud as playing a “leading role for federal hybrid clouds,” and indicated that Bluemix, IBM’s Cloud Platform, coupled with the capability to “deliver innovation for new cloud workloads” is a “game changer” for the federal market. In addition, in its latest Federal Cloud Computing Competitive Landscape Snapshot, Deltek showed IBM leading the market for contracts won between 2011-2015.

Bluemix, which will be used by challenge participants, is proving to drive innovation in government. Last April, participants in NASA’s Space App Challenge used Bluemix, resulting in thousands of new Bluemix users. IBM is presently working with Book Zurman, Inc., a Service Disabled Veteran Owned Small Business (SDVOSB), on the Department of Veterans Affairs Care Coordination Challenge, developing projected solutions that combine cognitive capabilities with Bluemix applications.

As part of a U.S. Federal Partner Acceleration Program, IBM has boosted the public sector ecosystem surrounding Bluemix. The team has hosted more than 70 events, counting hackathons, challenges and workshops for the federal market and the federal system integrator community. With the growing entrepreneurial, developer and startup ecosystem supporting the federal government, academia and other business areas, the Washington Metropolitan area is ripe for this type of innovation.

IBM launched Bluemix with a $1 billion investment in 2014, growing rapidly to become the largest Cloud Foundry deployment in the world. The open-standards-based Bluemix catalog comprises more than 120 tools and services spanning categories of big data, mobile, Watson, analytics, integration, DevOps, security and Internet of Things. IBM Bluemix was recently shown to be the “developers’ choice” of PaaS, and is growing 10-times faster than the overall PaaS market, according to research firm ESG.

Shares of International Business Machines Corp (NYSE:IBM), dipped -0.07% and is at $133.70 in the Real-Time trading session. The firm opened its current trade at $134.22. The total volume traded for the day is 418,794.00 shares, as compared to its average daily volume of 5.31M shares. The stock is floating in a range of $133.40 - $134.74. The stocks hold the market capitalization of $129.73B.

The mean estimate for the short term price target for International Business Machines Corp (NYSE:IBM), stands at $149.17 according to 18 Analysts. The higher price target estimate for the stock has been calculated at $170.00 while the lower price target estimate is at $125.00.

Analysts mean recommendation for the stock is 3.00. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.

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