Cramer: IBM earnings prove the company paid the right price for Red Hat

, which once included Red Hat, have increased market cap as a group by 54%. They also trade, on average, for 54-times next year's earnings, the host said. IBM, however, paid 46-times for Red Hat, he noted.

"If anything, I've got to tell you, based on these comparisons, you could argue that they underpaid for this company," Cramer said. "In other words, I don't think they overpaid versus what this business was really worth." Big Blue, which made a name for itself selling computer hardware, pivoted into the cloud-based software business as a way to boost revenue growth, he said. Artificial intelligence and analytics is also a part of the focus. The company wants to offer a platform to manage hybrid cloud IT infrastructure, and Red Hat is a solution, he said. Red Hat, which will keep its identity and leadership as a subsidiary, lets IBM combine on-site private servers with third-party cloud computing.

IBM has been working to catch up to Amazon and Microsoft in cloud infrastructure. At the time of the acquisition, CEO

It is the right time to sell IBM

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

IBM stock rises as earnings, cloud revenue beat Street viewInternational Business Machines Corp. shares rise in the extended session Wednesday after the tech giant tops Wall Street earnings estimates for the second...
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »

Stocks making the biggest moves after hours: Netflix, IBM, eBay and moreSee which stocks are posting big moves after the bell on July 17.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »