We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
IBM to Buy Accelalpha to Boost Consulting Expertise: Stock to Gain?
Read MoreHide Full Article
International Business Machines Corporation (IBM - Free Report) has inked a strategic agreement to acquire Accelalpha, a global expert at implementing, integrating and managing Oracle Cloud Applications. With this buyout, IBM aims to strengthen its Oracle consulting expertise across key areas, including supply chain and logistics, finance, enterprise performance management (EPM) and customer transformation.
IBM to Leverage Accelalpha’s Global Expertise
IBM has been partnering with Oracle for nearly four decades to help clients navigate their cloud journeys and maximize their business transformations in a complex hybrid cloud world while delivering speed to value.
Being an Oracle Cloud Excellence Certified Implementer, Accelalpha boasts the largest Oracle logistics practice worldwide and was the first Oracle partner to implement Oracle Fusion Financials. Accelalpha’s highly skilled team has expertise in diverse Oracle Cloud Applications Suite, including Oracle Cloud Enterprise Resource Planning, Oracle Supply Chain Management and Logistics, EPM and Oracle Cloud Customer Transformation and serves across multiple regions, including North and South America, Europe, Asia and the Middle East region.
Post-acquisition, IBM will integrate Accelalpha’s large global team of skilled consultants within its infrastructure, enabling the company to help its clients deploy and manage cutting-edge Oracle solutions, including generative AI and cloud technology. This advancement is anticipated to improve IBM’s productivity and deliver increased competitive advantages to its clients through Oracle’s Cloud applications and technology.
Will IBM Stock Benefit From the Buyout?
IBM has evolved as a leading provider of cloud and data platforms and is poised to benefit from strong demand for hybrid cloud and AI, driving growth in Software and Consulting. The company’s growth is expected to be driven primarily by analytics, cloud computing, and security in the long haul.
With this acquisition, IBM aims to enhance its service offerings across different regions globally. This will likely strengthen IBM’s reputation in delivering innovative solutions across the hybrid cloud, AI and consulting services and improve its revenues in the upcoming quarters.
IBM’s Stock Price Performance
Shares of IBM have gained 37.2% over the past year compared with the industry’s growth of 24.1%.
Image Source: Zacks Investment Research
IBM’s Zacks Rank and Key Picks
IBM currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader industry have been discussed below.
Ubiquiti Inc. (UI - Free Report) carries a Zacks Rank #2 (Buy) at present. The company offers a comprehensive suite of networking products and solutions for service providers and enterprises. Its highly flexible global business model remains apt to adapt to the changing market dynamics to overcome challenges while maximizing growth. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the last reported quarter, Ubiquiti delivered an earnings surprise of 4.19%.
Workday Inc. (WDAY - Free Report) carries a Zacks Rank #2 at present. In the last reported quarter, it delivered an earnings surprise of 7.36%. WDAY is a leading provider of enterprise-level software solutions for financial management and human resource domains.
Airgain, Inc. (AIRG - Free Report) currently carries a Zacks Rank #2. It has a long-term earnings growth expectation of 35%.
Based in San Diego, CA, Airgain provides antenna products as integrated wireless solutions. These devices are designed to address vital connectivity requirements during product development and throughout the entire lifecycle of other industries, such as automotive and consumer, in addition to various sectors within an enterprise.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
IBM to Buy Accelalpha to Boost Consulting Expertise: Stock to Gain?
International Business Machines Corporation (IBM - Free Report) has inked a strategic agreement to acquire Accelalpha, a global expert at implementing, integrating and managing Oracle Cloud Applications. With this buyout, IBM aims to strengthen its Oracle consulting expertise across key areas, including supply chain and logistics, finance, enterprise performance management (EPM) and customer transformation.
IBM to Leverage Accelalpha’s Global Expertise
IBM has been partnering with Oracle for nearly four decades to help clients navigate their cloud journeys and maximize their business transformations in a complex hybrid cloud world while delivering speed to value.
Being an Oracle Cloud Excellence Certified Implementer, Accelalpha boasts the largest Oracle logistics practice worldwide and was the first Oracle partner to implement Oracle Fusion Financials. Accelalpha’s highly skilled team has expertise in diverse Oracle Cloud Applications Suite, including Oracle Cloud Enterprise Resource Planning, Oracle Supply Chain Management and Logistics, EPM and Oracle Cloud Customer Transformation and serves across multiple regions, including North and South America, Europe, Asia and the Middle East region.
Post-acquisition, IBM will integrate Accelalpha’s large global team of skilled consultants within its infrastructure, enabling the company to help its clients deploy and manage cutting-edge Oracle solutions, including generative AI and cloud technology. This advancement is anticipated to improve IBM’s productivity and deliver increased competitive advantages to its clients through Oracle’s Cloud applications and technology.
Will IBM Stock Benefit From the Buyout?
IBM has evolved as a leading provider of cloud and data platforms and is poised to benefit from strong demand for hybrid cloud and AI, driving growth in Software and Consulting. The company’s growth is expected to be driven primarily by analytics, cloud computing, and security in the long haul.
With this acquisition, IBM aims to enhance its service offerings across different regions globally. This will likely strengthen IBM’s reputation in delivering innovative solutions across the hybrid cloud, AI and consulting services and improve its revenues in the upcoming quarters.
IBM’s Stock Price Performance
Shares of IBM have gained 37.2% over the past year compared with the industry’s growth of 24.1%.
Image Source: Zacks Investment Research
IBM’s Zacks Rank and Key Picks
IBM currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader industry have been discussed below.
Ubiquiti Inc. (UI - Free Report) carries a Zacks Rank #2 (Buy) at present. The company offers a comprehensive suite of networking products and solutions for service providers and enterprises. Its highly flexible global business model remains apt to adapt to the changing market dynamics to overcome challenges while maximizing growth. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the last reported quarter, Ubiquiti delivered an earnings surprise of 4.19%.
Workday Inc. (WDAY - Free Report) carries a Zacks Rank #2 at present. In the last reported quarter, it delivered an earnings surprise of 7.36%. WDAY is a leading provider of enterprise-level software solutions for financial management and human resource domains.
Airgain, Inc. (AIRG - Free Report) currently carries a Zacks Rank #2. It has a long-term earnings growth expectation of 35%.
Based in San Diego, CA, Airgain provides antenna products as integrated wireless solutions. These devices are designed to address vital connectivity requirements during product development and throughout the entire lifecycle of other industries, such as automotive and consumer, in addition to various sectors within an enterprise.