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 Offers Cloud Container Service in Australia Datacenters
Read MoreHide Full Article
International Business Machines Corp. (IBM - Free Report) recently announced that its cloud container service is now available from its datacenters in Sydney and Melbourne. The service will use the containerization platform, Kubernetes, leveraging Docker engine.
Cloud containers can be regarded as memory spaces dedicated to hold application specific software and files. Since this service is backed by a single application, instances of security breaches are rare. Demand for such services is on the rise among companies with high safety requirements. Also, they are easily portable to other servers using the same operating system.
IBM will be updating and monitoring the containers to keep them on par with the application’s environment and security requirements. IBM has been working closely with Docker and Kubernetes for the past few years. The container-as-a-service (CaaS) was initially launched on IBM’s cloud platform in Jun 2015.
We believe the availability of the service in the Australian market will provide the company with a competitive edge against peers like Amazon (AMZN - Free Report) , Oracle (ORCL - Free Report) and Microsoft (MSFT - Free Report) .
Growth Prospects in CaaS
IBM has underperformed the S&P 500 on a year-to-date basis. While the index gained 9.9%, the stock declined 6.1% over the same time frame. However, the growth prospects along with opportunities in cloud computing and Blockchain can help the stock to rebound in the long run.
Per 451 Research, the application container market will grow from $762 million in 2016 to $2.7 billion in 2020, at an estimated compound annual growth rate (CAGR) of 40%. The entire cloud enabled technologies (CET) market is anticipated to be worth $39.6 billion by 2020.
Moreover, with ransomware like Wannacry and Petya hitting the web in quick succession, ensuring the safety of information has become the top priority of firms. One of the distinguishing features of CaaS is its secured way of deploying specific application needs, without involving other computing resources.
Notably, containers create a boundary so that if anything goes wrong with a specific container, it will not affect other applications. The integrity of the files within the containers is maintained and compatibility problems between applications are also mostly solved.
International Business Machines Corporation Revenue (TTM)
We believe the new service will enhance IBM’s service portfolio for the Australian market, thereby allowing customers to develop and manage secure applications. This will also add to its cloud segment revenues.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains.
Image: Bigstock
IBM Offers Cloud Container Service in Australia Datacenters
International Business Machines Corp. (IBM - Free Report) recently announced that its cloud container service is now available from its datacenters in Sydney and Melbourne. The service will use the containerization platform, Kubernetes, leveraging Docker engine.
Cloud containers can be regarded as memory spaces dedicated to hold application specific software and files. Since this service is backed by a single application, instances of security breaches are rare. Demand for such services is on the rise among companies with high safety requirements. Also, they are easily portable to other servers using the same operating system.
IBM will be updating and monitoring the containers to keep them on par with the application’s environment and security requirements. IBM has been working closely with Docker and Kubernetes for the past few years. The container-as-a-service (CaaS) was initially launched on IBM’s cloud platform in Jun 2015.
We believe the availability of the service in the Australian market will provide the company with a competitive edge against peers like Amazon (AMZN - Free Report) , Oracle (ORCL - Free Report) and Microsoft (MSFT - Free Report) .
Growth Prospects in CaaS
IBM has underperformed the S&P 500 on a year-to-date basis. While the index gained 9.9%, the stock declined 6.1% over the same time frame. However, the growth prospects along with opportunities in cloud computing and Blockchain can help the stock to rebound in the long run.
Per 451 Research, the application container market will grow from $762 million in 2016 to $2.7 billion in 2020, at an estimated compound annual growth rate (CAGR) of 40%. The entire cloud enabled technologies (CET) market is anticipated to be worth $39.6 billion by 2020.
Moreover, with ransomware like Wannacry and Petya hitting the web in quick succession, ensuring the safety of information has become the top priority of firms. One of the distinguishing features of CaaS is its secured way of deploying specific application needs, without involving other computing resources.
Notably, containers create a boundary so that if anything goes wrong with a specific container, it will not affect other applications. The integrity of the files within the containers is maintained and compatibility problems between applications are also mostly solved.
International Business Machines Corporation Revenue (TTM)
International Business Machines Corporation Revenue (TTM) | International Business Machines Corporation Quote
We believe the new service will enhance IBM’s service portfolio for the Australian market, thereby allowing customers to develop and manage secure applications. This will also add to its cloud segment revenues.
Zacks Rank
Currently, IBM has a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains.
Click to see them right now >>