#Write&Earn
To the lovers of news about cryptocurrencies
IBM (NYSE:IBM)
IBM's shares fell on Thursday after the company's latest earnings announcement failed to impress investors. Despite surpassing consensus estimates for revenue and earnings, the company recorded lower-than-expected sales in the software sector.
IBM's shares dropped by more than 7% on Thursday and fell by more than 8% in the past week.
In reaction to the report, Stifel analysts mentioned: "[the stock] dropped by 6% after the market, reflecting a re-evaluation, the high expectations before the report (as predicted), and a slowdown in software growth."
"We recommend opportunistic buying for defensive-minded investors (target $310 over 12 months), although selling after the report may continue for a short period.
