IBM Shares Climb 1.2% After Mixed Quarter

International Business Machines (IBM) shares rose by 1.2% on Friday, reaching as high as $224.76 before settling at $224.39.

This increase in share value comes after a mixed quarter for the company, which met earnings expectations but fell short of revenue estimates.

Analysts are weighing in on IBM's performance, with some noting that the stock's pullback makes it more attractive despite modest growth and significant leverage concerns.

In addition to its financials, IBM has been making progress in key areas such as quantum computing and hybrid-cloud positioning, which could support management's goal of generating quantum-related revenue by 2028.