Deepak advani leaves ibm stock today

I BM stock tumbled Thursday as investors digested a mixed third quarter earnings report the tech giant published late Wednesday. Earnings beat expectations but IBM's revenue came in lower than expected despite strong growth for its software operations. But the Armonk, N. Please watch the video at Investors. The company's sales came in light despite revenue growth accelerating for IBM's software sector.

Deepak Advani, Lenovo's chief marketing officer, said the company recognized the value of the IBM brand and intended to keep the IBM name on.

That positive news was offset by weaker performances from IBM's consulting and infrastructure businesses. Shares broke below the stock's day moving average but remain above the long-term day moving average support level. Share value hit a record high for the first time in a decade last month. In a news release late Wednesday, the company touted its AI progress.

It was a strong quarter overall for IBM's software business. Sales grew 9. Following the report, analysts with BofA Securities kept their price target of for IBM stock and reiterated a buy rating. Combined with the Hashi Corp. On the other hand, Jefferies analysts reiterated a neutral hold call, despite what they called "encouraging" software and AI metrics.

Shares broke out past that level on Aug.