Kd stock price hit $88

KD stock price hit $88.05 intraday on June 25, 2024 before retracing to $87. Overall KD ranks 6th on our list of the best new tech stocks to buy. While we acknowledge the potential of KD as an investment, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than the stocks on our list but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock . Kyndryl ( NYSE:KD - Get Free Report ) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.83 billion. Kyndryl had a net margin of 1.97% and a return on equity of 19.88%. The firm's revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. Equities research analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year. KD stock price has been resilient despite broader market jitters over interest rate hikes. The beta of 1.12 suggests moderate correlation with market swings, appealing to balanced portfolio strategies.