International Business Machines Corp. (NYSE:IBM) is all set to declare its FY 2012 second quarter earnings report following the trading end on July 18, 2012. In the road to the earnings launch experts perceived few of them were adjusting their forecasts downward.
Nevertheless IBM has outscored the Zacks Consensus Estimate in the past four quarters by an optimistic 3.04%. Zacks experts predict this trend to carry on in the present quarter.
Its competitors include Accenture Plc (NYSE:ACN) that surged 1.13% to $57.92 with the total traded volume of 660,924.00 shares and Microsoft Corporation (NASDAQ:MSFT) that moved up 2.04% to $29.21 with the total traded volume of 10.66 million shares.
Other technology stocks with bullish trend include Dell Inc. (NASDAQ:DELL) up 0.99% to $12.25, Activision Blizzard, Inc. (NASDAQ:ATVI) up 1.93% to $12.13 and Applied Materials, Inc. (NASDAQ:AMAT) up 0.53% to $10.43, whereas with bearish trend include A123 Systems, Inc. (NASDAQ:AONE) down -5.28% to $0.843, ON Semiconductor Corp. (NASDAQ:ONNN) down -0.76% to $6.49 and Frontier Communications Corp (NASDAQ:FTR) down -0.97% to $3.94.
International Business Machines Corp. (NYSE:IBM) surged 1.32% or +$2.42 to trading at $185.51 at 11:19AM EDT following it hit intra day high level of $186.33. The total traded volume in the current trading session is 1.53 million shares as compared to average 4.16 million shares. Its fifty two week trading range is $157.13 – $210.69. The total market capitalization reached $214.18 billion.
The stock price was ahead its 52 week low price with 19.78% and it lagged behind -11.37% from its 52 week maximum mark. Stock price volatility for last month remained 1.59%. In its share capital, the company has 1.15 billion outstanding shares out of which 1.15 billion shares have been floated in the market. For now, stock ownership with company’s management remained 0.08%.
IBM presented a negative weekly performance of -6.25% with respect to its rate of return and it remained -5.89% for the month. However, the performance for a quarter experienced a negative change of -10.45% and it surged 6.77% for a year and its year to date performance remained in green with 0.38%.
Current stock price is in the downbeat territory taking into account of 20 days moving average with -3.77% and continued bearish run for 50 days moving average with -4.90%. Its earning per share for the past twelve months was $13.41. Company’s beta coefficient was at 0.67. Beta measures the amount of market risk associated with market trade.
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