We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Will the IBM Stock Benefit From the Acquisition of Prescinto?
Read MoreHide Full Article
International Business Machines Corporation (IBM - Free Report) recently announced the acquisition of Prescinto, a prominent provider of asset performance management software-as-a-service tailored for the renewable energy industry. Headquartered in Bangalore, India, Prescinto commenced its operation in 2016. Since then, the company’s operation has expanded across 14 countries with 16 Gigawatts of energy assets under its management.
What Does the Acquisition Bring to the Table?
With AI at the core, Prescinto’s cutting-edge technology addresses some vital functionalities of asset performance management of the renewable energy sector. This solution uses high-definition maps, real-time monitoring and custom alerts to provide a comprehensive and centralized visualization of assets. It deploys open-source protocols and a data governance layer for efficient data capture. Its AI-based analysis swiftly detects losses and offers data visualization and actionable insights to optimize energy generation. These leading-edge features facilitate efficient management, streamline operations and maintenance, maximizing return on investment.
IBM’s asset lifecycle management product Maximo Application Suite (MAS) already has a strong market presence across several sectors such as water, oil, natural gas and nuclear energy. Integration of Prescinto’s technology will further augment the capabilities of IBM MAS, strengthen its position in the energy and utility sector and reinforce IBM’s ability to support the enterprise’s sustainability goals.
Will the Buyout Drive IBM’s Share Performance?
The shift toward green energy adoption is gaining pace across industries globally. However, renewable energy companies are facing several challenges to maintain an increasingly complex system that includes high-tech devices like turbines, solar panels and inverters. IBM is aiming to develop a robust solution suite that will maximize energy output, enhance system effectiveness and minimize downtime.
Research suggests that the utilities asset management market is projected to reach a valuation of $12.4 billion in 2031, with a compound annual growth of 11.3%. The acquisition of Prescinto underscores IBM’s strategic alignment with this emerging market trend. This bodes well for the company’s long-term growth.
IBM recently signed an agreement to acquire Accelalpha, a company that specializes in Oracle Cloud applications. These strategic buyouts also reflect IBM’s broader strategy of enhancing its AI native product offerings for diverse use cases, solidifying the company’s leadership position in digital transformation across industries.
IBM Stock’s Price Movement
Shares of IBM have gained 65.6% in the past year compared with the industry’s growth of 50.9%.
In the last reported quarter, it delivered an earnings surprise of 25.81%. ZG delivered an earnings surprise of 37.41%, on average, in the trailing four quarters. The company is witnessing solid momentum in rental revenues, driven by growth in both multi and single-family listings, which is a positive factor.
Ubiquiti Inc. (UI - Free Report) sports a Zacks Rank of 1 at present. The company offers a comprehensive portfolio of networking products and solutions for service providers and enterprises.
UI’s excellent global business model, which is flexible and adaptable to evolving changes in markets, helps it to beat challenges and maximize growth. The company’s effective management of its strong global network of more than 100 distributors and master resellers improved UI’s visibility for future demand and inventory management techniques.
Workday Inc. (WDAY - Free Report) sports a Zacks Rank of 1 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. The company’s cloud-based platform combines finance and HR in a single system that makes the process easier for organizations to provide analytical insights and decision support.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Will the IBM Stock Benefit From the Acquisition of Prescinto?
International Business Machines Corporation (IBM - Free Report) recently announced the acquisition of Prescinto, a prominent provider of asset performance management software-as-a-service tailored for the renewable energy industry. Headquartered in Bangalore, India, Prescinto commenced its operation in 2016. Since then, the company’s operation has expanded across 14 countries with 16 Gigawatts of energy assets under its management.
What Does the Acquisition Bring to the Table?
With AI at the core, Prescinto’s cutting-edge technology addresses some vital functionalities of asset performance management of the renewable energy sector. This solution uses high-definition maps, real-time monitoring and custom alerts to provide a comprehensive and centralized visualization of assets. It deploys open-source protocols and a data governance layer for efficient data capture. Its AI-based analysis swiftly detects losses and offers data visualization and actionable insights to optimize energy generation. These leading-edge features facilitate efficient management, streamline operations and maintenance, maximizing return on investment.
IBM’s asset lifecycle management product Maximo Application Suite (MAS) already has a strong market presence across several sectors such as water, oil, natural gas and nuclear energy. Integration of Prescinto’s technology will further augment the capabilities of IBM MAS, strengthen its position in the energy and utility sector and reinforce IBM’s ability to support the enterprise’s sustainability goals.
Will the Buyout Drive IBM’s Share Performance?
The shift toward green energy adoption is gaining pace across industries globally. However, renewable energy companies are facing several challenges to maintain an increasingly complex system that includes high-tech devices like turbines, solar panels and inverters. IBM is aiming to develop a robust solution suite that will maximize energy output, enhance system effectiveness and minimize downtime.
Research suggests that the utilities asset management market is projected to reach a valuation of $12.4 billion in 2031, with a compound annual growth of 11.3%. The acquisition of Prescinto underscores IBM’s strategic alignment with this emerging market trend. This bodes well for the company’s long-term growth.
IBM recently signed an agreement to acquire Accelalpha, a company that specializes in Oracle Cloud applications. These strategic buyouts also reflect IBM’s broader strategy of enhancing its AI native product offerings for diverse use cases, solidifying the company’s leadership position in digital transformation across industries.
IBM Stock’s Price Movement
Shares of IBM have gained 65.6% in the past year compared with the industry’s growth of 50.9%.
Image Source: Zacks Investment Research
IBM’s Zacks Rank and Key Picks
IBM currently carries a Zacks Rank #3 (Hold).
Zillow Group, Inc. (ZG - Free Report) sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
In the last reported quarter, it delivered an earnings surprise of 25.81%. ZG delivered an earnings surprise of 37.41%, on average, in the trailing four quarters. The company is witnessing solid momentum in rental revenues, driven by growth in both multi and single-family listings, which is a positive factor.
Ubiquiti Inc. (UI - Free Report) sports a Zacks Rank of 1 at present. The company offers a comprehensive portfolio of networking products and solutions for service providers and enterprises.
UI’s excellent global business model, which is flexible and adaptable to evolving changes in markets, helps it to beat challenges and maximize growth. The company’s effective management of its strong global network of more than 100 distributors and master resellers improved UI’s visibility for future demand and inventory management techniques.
Workday Inc. (WDAY - Free Report) sports a Zacks Rank of 1 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. The company’s cloud-based platform combines finance and HR in a single system that makes the process easier for organizations to provide analytical insights and decision support.