Why Investors Should Not Lose Patience With IBM Stock
International Business Machines (NYSE: IBM) reported its third consecutive quarter of declining revenue when it announced earnings on Monday. This took investor optimism out of the clouds, and IBM stock sold off by about 6%.
Indeed, IBM has faced falling revenue amid stagnation with some of its legacy businesses. The effects of COVID-19 have exacerbated the declines.
Nonetheless, IBM is remaking itself into a cloud company. With a little patience, the post-earnings sell-off in this tech stock could offer investors the chance to buy this cloud growth at an even deeper discount.
Source Fool.com
