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Is IBM Stock a Buy Now?

TheMotleyFool

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Is IBM Stock a Buy Now?: https://g.foolcdn.com/editorial/images/705498/it-tablet-server.jpg

Shares of IBM (NYSE: IBM) rose 3% during after-hours trading on Wednesday following its third-quarter report. The tech giant's revenue rose 6% year over year (15% in constant currency terms) to $14.1 billion, which beat analysts' estimates by $550 million. Its adjusted earnings dipped 2% to $1.81 per share, but still cleared the consensus forecast by a penny.

Does that earnings beat make IBM a safe stock to buy in this volatile market? Let's review Big Blue's growth over the past year, its progress toward its pre-spinoff promises, and its valuations.

Image source: Getty Images.

Source Fool.com

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