Is IBM Stock a Buy?
International Business Machines' (NYSE: IBM) has focused more on its growth businesses, such as cloud computing and artificial intelligence (AI), in recent years. Yet, that focus adjustment has yet to translate into strong quarterly results. During the tech giant's fourth-quarter earnings call last week, management again expressed confidence in increasing revenue and free cash flow over the next two years. Stock trading on the day earnings were released though suggests the market is skeptical.
Considering the company's current low valuation and the challenging transformation it has set for itself, is IBM stock a buy?
Over the last several years, Big Blue has been struggling to offset the decline of its large legacy business segments (on-premises software, hardware, and services for enterprises).
Source Fool.com