Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

IBM Has a Lot to Prove in 2021

TheMotleyFool

0 0

Many tech stocks have soared as markets recovered from the pandemic-driven sell-off early last year. IBM (NYSE: IBM) is an exception. The century-old tech giant was already disliked by investors before the pandemic as it slogged through a multiyear turnaround; the company's results have deteriorated since, as customers pull back on spending amid unprecedented uncertainty.

IBM's fourth-quarter report last week sent the stock down around 10% on Friday, erasing the gains logged so far this year. While there were some green shoots in IBM's results, it's clear that the company has a lot of work to do to win over investors this year.

Image source: Getty Images.

Source Fool.com

Like: 0

IBM

Share