Investors are losing hope on IBM (NYSE: IBM ). The stock is down over 12% year to date. The company’s Cloud products are showing almost no growth because a tough competition put forward by giants like Microsoft and Amazon.com . But analysts think that blockchain might be the growth catalyst IBM was looking for. IBM is currently a leading player in the blockchain market. IBM Ventures is ready to invest millions in several blockchain startups to increase its exposure to the blockchain market, which is expected to have a market worth of about $8 billion by 2024.
In August, IBM annoucned deals with Nestle , Unilever and Wal-Mart Stores to solve food supply and contamination problems using blockchain technology. Juniper Networks Research’s latest report says that IBM is well-positioned in the blockchain industry, as compared to Microsoft .
Over the current book year the total revenue will be 77,83 billion USD (consensus estimates). This is slightly lower than 2016's revenue of 79,92 billion USD.
The analysts expect for 2017 a net profit of 12,9 billion USD. For this year most of the analysts expect a profit per share of 13,77 USD. Based on this the price/earnings-ratio is 10,54.
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