If IBM cloud-washed its earnings results, it’s likely not alone (INFoworld)
I hate cloud-washing, the practice of repositioning traditional technology so that it’s sold as cloud computing technology. In many cases, this is done by large companies that initially pushed back hard against cloud computing, to the point that they would not allow me to mention the “C word” when speaking at their conferences years back. International Business Machines Corp. (NYSE:IBM) was recently called on the carpet by the SEC for, in essence, cloud-washing in its 10-Q report, an investor document the feds scrutinize to make sure nothing misleading or false is said. The SEC has raised a question around accounting for what’s cloud computing and what’s not.
Hewlett-Packard Company Enters Oversold Territory – Tale of the Tape (Nasdaq)
Hewlett-Packard Company (NYSE:HPQ)’s share price has entered into oversold territory with an RSI value of 26.04. The Zacks Consensus Estimate on Hewlett-Packard Company.’s earnings for the full year period has moved higher by 1 cent over the past two months to $3.56 per share. Currently, Hewlett-Packard Company.is a Zacks #2 Rank (“Buy”), suggesting that now might be a good time to get in on (HPQ) after its recent drop.
Hewlett-Packard Price Target Cut to $31.00 (HPQ) (DailyPolitical)
Stock analysts at Sanford C. Bernstein decreased their price objective on shares of Hewlett-Packard Company (NYSE:HPQ) from $33.00 to $31.00 in a report issued on Thursday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. Sanford C. Bernstein’s price target would suggest a potential upside of 39.51% from the stock’s previous close. Shares of Hewlett-Packard (NYSE:HPQ) opened at 22.22 on Thursday. Hewlett-Packard has a 52 week low of $11.35 and a 52 week high of $27.78. The stock’s 50-day moving average is $26.03 and its 200-day moving average is $22.72. The company’s market cap is $42.852 billion. Hewlett-Packard also saw unusually large options trading on Tuesday. Investors bought 46,291 call options on the company. This is an increase of approximately 156% compared to the average daily volume of 18,112 call options.
IBM Wins $1 Billion Cloud Deal with Feds (CIO-Today)
In a demonstration of the government’s confidence in the cloud Relevant Products/Services — and in IBM — the United States Department of the Interior (DOI) awarded Big Blue a contract worth up to $1 billion. The deal comes as the DOI sets out on a decade-long IT transition to the cloud. As part of an indefinite delivery/indefinite quantity contract, the DOI may use IBM cloud computing technologies, services and hosting as the foundation of its next generation infrastructure. Although the contract may not ultimately fetch $1 billion, it’s still being touted as the largest largest-ever federal cloud contract in IT history and it could open the door for Big Blue to help other government agencies make the transition.
