International Business Machines Corporation is a IBM looks to be a part of every aspect of an enterprise’s IT needs.
Among the S&P 500’s biggest fallers on Friday February 26 was International Business Machines Corporation (IBM). The stock experienced a 2.89% decline to $118.93 with 8.87 million shares changing hands.
International Business Machines Corporation started at an opening price of 122.25 and hit a high of $122.25 and a low of $118.88. Ultimately, the stock took a hit and finished the day at $3.54 per share. International Business Machines Corporation trades an average of n/a shares a day out of a total 893.59 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. International Business Machines Corporation hit a high of $147.08 and a low of $90.56 over the last year.
IBM looks to be a part of every aspect of an enterprise’s IT needs. The company primarily sells infrastructure services (37% of revenue), software (29% of revenue), IT services (23% of revenue) and hardware (8% of revenues). IBM operates in 175 countries and employs approximately 350,000 people. The company has a robust roster of 80,000 business partners to service 5,200 clients–which includes 95% of all Fortune 500. While IBM is a B2B company, IBM’s outward impact is substantial. For example, IBM manages 90% of all credit card transactions globally and is responsible for 50% of all wireless connections in the world.
With its headquarters located in Armonk, NY, International Business Machines Corporation employs 381,100 people. After today’s trading, the company’s market cap has fallen to $106.28 billion, a P/S of n/a, a P/B of 5.14, and a P/FCF of n/a.