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Evercore ISI gives its top tech picks for 2025
  + stars: | 2024-11-17 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com   time to read: +6 min
Evercore ISI already named its favorite technology stocks to own heading into 2025. Against that background, Evercore ISI analysts recently picked five tech stocks they're most sure of entering next year. Arista Networks The cloud network equipment company's conservative revenue guidance for 2025 leaves room for upside potential, according to Evercore ISI. Evercore ISI raised its 12-month price target on Arista to $450 from $425, indicating more than 20% upside from Friday's close. International Business Machines IBM is likely to top revenue estimates in 2025, Evercore ISI said.
Persons: ChatGPT, haven't, Evercore, Amphenol, Donald Trump's, Vertiv, — CNBC's Michael Bloom Organizations: ISI, Arista, Arista Networks, Apple, Business Machines IBM, Evercore, IBM, Holdings Vertiv Holdings Locations: CY25, capex, Wallingford , Connecticut, Waterville , Ohio
To select the right dividend stocks, investors can consider the recommendations of top Wall Street analysts, who have a strong track record and provide useful insights based on a thorough analysis of a company's fundamentals. Here are three dividend-paying stocks, highlighted by Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. Scotto highlighted EPD's robust backlog of organic growth projects, with notable projects expected to come online next year and fuel the company's growth. International Business MachinesWe move to the next dividend stock, IBM (IBM). In Q3, IBM generated free cash flow of $2.1 billion and returned $1.5 billion to shareholders through dividends.
Persons: Donald Trump, Wall, EPD, Elvira Scotto, Scotto, TipRanks, Amit Daryanani, Daryanani, Arvind Krishna, ARCC, Kenneth Lee, ARCC's, Lee Organizations: Wall Street, Enterprise Products, Enterprise Products Partners, RBC Capital, Machines, IBM, Consulting, Software, IBM's Software, Hat, Ares, Ares Capital Locations: TipRanks
Beware of these expensive stocks that analysts don't like
  + stars: | 2023-10-17 | by ( Brian Evans | ) www.cnbc.com   time to read: +8 min
For context, the longer-term P/E ratio for the past 12 months of the S & P 500 is about 21 times trailing earnings. That compares to a five-year average P/E ratio of 19.87. The life insurer's 12-month trailing P/E ratio came in at 31.99, compared to its five-year average P/E ratio of 13.62. For context, the longer-term P/E ratio for the past 12 months of the S&P 500 is about 21 times trailing earnings. The life insurer's 12-month trailing P/E ratio came in at 31.99, compared to its five-year average P/E ratio of 13.62.
Persons: JPMorgan's Marko Kolanovic, David Vogt, Tyson Foods, Jefferies, Henry Schein, Michael Bloom, Darla Mercado, Angela Weiss, HSIC Henry Schein, MOH Organizations: Treasury, Federal Reserve, CNBC Pro, IBM, UBS, Premier U.S, Tyson, Prudential Financial, Jefferies, Prudential, CNBC, Hewlett Packard Enterprise, Molina Healthcare, Pinnacle West, Traders, New York Stock Exchange, AFP, Getty, Business Machines Corp, Healthcare, Progressive Corp, Pinnacle West Capital Corp, TSN Tyson Foods, Business Machines Corp IBM, Target Premier U.S, Tyson Foods Inc TSN, Prudential Financial Inc
OAKLAND, California, May 9 (Reuters) - International Business Machines Corp (IBM.N) on Tuesday launched watsonx, a new artificial intelligence and data platform to help companies integrate AI in their business. The new AI platform launch comes over a decade after IBM's software called Watson got attention for winning the game show Jeopardy. Fast forward a decade, chatbot ChatGPT's overnight success is making AI adoption at companies a focus, and IBM is looking to grab new business. This time, the lower cost of implementing the large language AI models means the chances of success are high, IBM CEO Arvind Krishna told Reuters ahead of the company's annual Think conference. IBM said companies can use the watsonx platform to train and deploy AI models, automatically generate code using natural language and use various large language models built for different purposes such as chemical creation or climate change modeling.
IBM cuts 3,900 jobs, misses annual cash target
  + stars: | 2023-01-26 | by ( Chavi Mehta | ) www.reuters.com   time to read: +2 min
Jan 25 (Reuters) - IBM Corp (IBM.N) on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations in the fourth quarter. Analysts said news of the job cuts and free cash flow miss was behind the drop. read moreIBM's 2022 cash flow was $9.3 billion, below its target of $10 billion, due to higher-than-expected working capital needs. In October, IBM flagged softness in new bookings in Western Europe while peer Accenture Plc noted weakness in its consulting business. For 2022, IBM recorded revenue growth of 5.5%, its highest in a decade.
IBM tops revenue estimates, says it will cut 3,900 jobs
  + stars: | 2023-01-25 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
IBM reported quarterly revenue on Wednesday that topped analysts' estimates, driven by higher-than-expected growth in the company's software and infrastructure segments. Here's how the company did:Earnings: $3.60 per share, adjusted, vs. $3.60 per share as expected by analysts, according to Refinitiv. $3.60 per share, adjusted, vs. $3.60 per share as expected by analysts, according to Refinitiv. Revenue: $16.69 billion, vs. $16.4 billion as expected by analysts, according to Refinitiv. With respect to guidance, IBM called for 2023 revenue growth in constant currency and around $10.5 billion in free cash flow.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIBM's software business contributes to the majority of its profits, says Lisa Ellis of MoffettNathansonMoffettNathanson Partner Lisa Ellis joins 'Squawk on the Street' to discuss IBM's Q3 earnings beat, the company's investment in the growth of its consultant services business and the need for IBM to grow its software portfolio.
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