Streetbeat News

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.

Open

34.27

Mkt cap

8.2B

Volume

1.9M

High

35.48

P/E Ratio

60.81

52-wk high

43.61

Low

34.18

Div yield

N/A

52-wk low

19.23

Kyndryl (NYSE:KD) has announced a global strategic alliance with Hewlett Packard Enterprise (HPE) to develop and deliver LTE and 5G private wireless services worldwide, in collaboration with Athonet, a HPE company.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 8:04 am

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like NVDA, AMD, SMCI, PANW, TSM, KD, AAPL, AVGO, DDOG, and MSTR. The activity ranged from bullish to bearish sentiments, with various expiration dates and strike prices. This could indicate potential trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 5:35 pm

Kyndryl has reaffirmed its expectation for constant-currency revenue growth to be between -6% to -7% for the year 2024.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:57 pm

Kyndryl shares surged following the announcement of their Q3 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:32 pm

In Tuesday's after-market session, several Information Technology stocks showed significant movements. MariaDB (MRDB) saw a notable increase of 49.7%, while Fortinet (FTNT) and Enphase Energy (ENPH) also experienced substantial gains following their Q4 earnings reports. Conversely, Advanced Energy Indus (AEIS) and other stocks faced declines, with AEIS dropping 10.9% after its Q4 earnings release.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 9:31 pm

Kyndryl Holdings (NYSE:KD) exceeded Q3 earnings expectations with an EPS of $-0.05 against an estimate of $-0.26, marking an 80.77% beat. However, revenue declined by $367 million from the same period last year. In the previous quarter, a beat on EPS estimates led to a 13.85% share price increase the following day. The company's past earnings performance shows a mixed trend in EPS and revenue estimates versus actuals over the last four quarters.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 9:30 pm

Kyndryl Holdings (KD) reported Q3 adjusted EPS of $(0.05), surpassing the $(0.26) estimate, with sales of $3.94B exceeding the $3.92B forecast. This represents an 8.53% decrease from last year's $4.30B.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:19 pm

Earnings reports for various companies are scheduled for February 6, 2024, with projections ranging from significant profits to losses across diverse sectors. Notable mentions include BP, UBS, Frontier Group Holdings, and Spotify Technology, among others, indicating a broad spectrum of financial health and market expectations.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 10:42 am

Kyndryl Hldgs (NYSE:KD) is scheduled to release its quarterly earnings report on February 6, 2024, with an expected EPS of $-0.25. Historical data shows that Kyndryl's stock price reacts significantly to earnings beats and guidance, with the last quarter's beat resulting in a 13.85% share price increase. Over the past year, KD shares have risen by 49.52%, indicating a bullish sentiment among long-term investors.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 4:01 pm

Kyndryl (NYSE:KD) has announced two new security edge services developed with Cisco to enhance security controls and cyber incident response. The services, Kyndryl Consult Security Services Edge (SSE) with Cisco Secure Access and Kyndryl Managed SSE with Cisco Secure Access, integrate Cisco's technology into a cloud-delivered service model. This collaboration extends Kyndryl and Cisco's partnership, offering solutions for secure infrastructure, zero trust networks, and hybrid work environments.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:11 pm

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