{"id":765493,"date":"2026-07-16T03:21:19","date_gmt":"2026-07-16T03:21:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/765493\/"},"modified":"2026-07-16T03:21:19","modified_gmt":"2026-07-16T03:21:19","slug":"oppenheimer-downgrades-ibm-stock-after-earnings-miss-triggers-massive-sell-off","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/765493\/","title":{"rendered":"Oppenheimer Downgrades IBM Stock After Earnings Miss Triggers Massive Sell-Off"},"content":{"rendered":"\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">This article first appeared on <a href=\"https:\/\/www.gurufocus.com\/news\/8960235\/oppenheimer-downgrades-ibm-stock-after-earnings-miss-triggers-massive-selloff?utm_source=yahoo_finance&amp;utm_medium=syndication&amp;utm_campaign=headlines&amp;r=caf6fe0e0db70d936033da5461e60141\" data-ylk=\"slk:GuruFocus;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;GuruFocus&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">GuruFocus<\/a>.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">International Business Machines (<a href=\"https:\/\/finance.yahoo.com\/quote\/IBM\" data-ylk=\"slk:NYSE%3AIBM;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;NYSE:IBM&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" class=\"stocks_tp\" rel=\"nofollow noopener\">NYSE:IBM<\/a>) was downgraded to Perform from Outperform by Oppenheimer after the company&#8217;s preliminary second-quarter results fell short of expectations across all major business segments.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Oppenheimer <a href=\"https:\/\/finance.yahoo.com\/markets\/stocks\/articles\/ibm-cut-oppenheimer-software-bull-122601917.html\" data-ylk=\"slk:said;elm:context_link;itc:0;sec:content-canvas;_E:mb_qualified_link;ct:story;outcm:mb_qualified_link;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;said&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yContentType&quot;:&quot;story&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"nofollow noopener\">said <\/a>IBM generated preliminary second-quarter revenue of $17.2 billion, below both its estimate and Wall Street forecasts. The brokerage attributed the shortfall to weaker demand for transaction processing software, customers shifting spending toward servers and storage, and delays in closing several large contracts near the end of the quarter.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The firm said those headwinds could make it more challenging for IBM to meet its full-year guidance and achieve its targeted double-digit constant-currency software growth in 2026 and 2027. Oppenheimer added that while businesses including Red Hat, HashiCorp, Confluent, and the server and storage segments remained areas of strength, they were not enough to offset broader weakness.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The brokerage said IBM&#8217;s longer-term investment case remains intact but may take more time to develop as enterprise technology spending continues to shift toward artificial intelligence infrastructure and related hardware.  <\/p>\n","protected":false},"excerpt":{"rendered":"This article first appeared on GuruFocus. International Business Machines (NYSE:IBM) was downgraded to Perform from Outperform by Oppenheimer&hellip;\n","protected":false},"author":2,"featured_media":68209,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28,18538,15283],"class_list":["post-765493","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-gurufocus","tag-oppenheimer"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/765493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=765493"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/765493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/68209"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=765493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=765493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=765493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}