Barron's Says IBM Could Offer Second Chance To Investors Missing Out On Microsoft

November 29, 2021 9:18 AM | 1 min read | Make a Comment

Investors have understandably forsaken Big Blue, but it may be time to start paying attention to it again, Savitz writes in this week's edition of Barron's.
International Business Machines Corp IBM is repairing its reputation with a new CEO, Arvind Krishna, who is making profound and lasting changes to its structure and ambitions.
For investors who missed Microsoft Corp MSFT turnaround, IBM could offer a second chance.
IBM reported third-quarter FY21 revenue of $17.6 billion, flat year-on-year, missing the consensus of $17.8 billion. EPS of $2.52 beat the consensus of $2.50.
Price Action: IBM shares traded higher by 2.02% at $118.15 in the premarket session on the last check Monday.