Streetbeat News

KD

Kyndryl Holdings, Inc.

https://www.kyndryl.com

Industry

Information Technology Services

Kyndryl Holdings, Inc. operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and cloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services. It serves financial, telecommunications, retail, automobile, and transportation industries. The company was incorporated in 2020 and is headquartered in New York, New York.

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Apollo Global Management and Kyndryl Holdings are reportedly making a joint bid to acquire DXC Technology, according to sources. This potential acquisition could significantly impact the involved companies.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 7:58 pm

Kyndryl and NVIDIA have announced a collaboration to develop generative AI-enabled solutions. This partnership aims to leverage NVIDIA's AI technology and Kyndryl's IT services to create innovative solutions for various industries.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 1:06 pm

Kyndryl has announced the expansion of its AI and generative AI services to accelerate mainframe modernization. This move aims to enhance the company's capabilities in modernizing legacy systems using advanced AI technologies.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:59 pm

Scotiabank analyst Divya Goyal maintains a Sector Outperform rating on Kyndryl Holdings (KD) and raises the price target from $28 to $30.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 3:22 pm

Broadridge Financial Solutions, Inc. (BR) is set to acquire Kyndryl's Securities Industry Services (SIS) wealth and capital markets technology platform, aimed at enhancing services for Canadian financial firms. Kyndryl will partner with Broadridge Canada to provide managed services for SIS.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:50 pm

Kyndryl has announced strategic portfolio optimization moves, including the acquisition of Skytap. No financial terms were disclosed for the transaction, and it is stated to have no impact on Kyndryl's financial outlook for FY25.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:44 pm

Susquehanna analyst James Friedman maintains a Positive rating on Kyndryl Holdings (NYSE:KD) and raises the price target from $27 to $33.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:10 pm

Upstart Holdings, Inc. (UPST) shares fell by 10.3% after reporting Q1 financial results and issuing Q2 revenue guidance below estimates. Other stocks showed significant movement, with Reborn Coffee, Inc. (REBN) leading gainers with a 132.9% jump after announcing a market expansion into China. On the losing end, Treace Medical Concepts, Inc. (TMCI) dropped 60.8% after issuing FY24 revenue guidance below estimates.

Portfolio Pulse from Avi Kapoor

May 08, 2024 | 5:38 pm

Stocks faltered as Fed officials signaled a need for higher-for-longer interest rates, affecting market sentiment. The S&P 500 and Nasdaq 100 saw slight declines, while Uber and other stocks reacted to earnings reports. Energy sector stocks gained modestly following a report of declining crude oil inventories.

Portfolio Pulse from Piero Cingari

May 08, 2024 | 5:26 pm

In Wednesday's intraday session, several information technology stocks showed significant movement. DZS, Nvni Group, Veritone, Synchronoss Technologies, Kyndryl Hldgs, and Alpha & Omega were among the gainers, with stock price increases ranging from 19.47% to 33.3%, largely due to recent earnings reports. Conversely, DoubleVerify Hldgs, Rapid7, Crexendo, Upland Software, Corsair Gaming, and WiSA Technologies experienced declines from 8.72% to 39.4%, also influenced by their latest earnings outcomes.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 4:31 pm

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