More Squawk from Jim Cramer: Time for IBM to Make a Move
NEW YORK (TheStreet) -- Shares of Microsoft (MSFT) and General Electric (GE) are advancing early Monday afternoon after announcing a cloud partnership.
"When is IBM (IBM) - Get Report going to make its move?" TheStreet's Jim Cramer wondered on CNBC's "Squawk on the Street" this morning.
"This is when IBM has to say 'ok listen we're going to stake out cyber security.' There has to be something that IBM does that just says listen we are back," Cramer added.
IBM stock is indicating they are not back, Cramer said.
Under the terms of the deal, GE's Predix industrial operating system will be available on Microsoft's Azure cloud. Microsoft hopes that GE's system will convince its loyal industrial customers to adopt Azure.
"We believe in Predix, which is this way to be able to have a digital economy that's industrial," Cramer said in the above video.
Shares of IBM are up 0.65% to $155.46 on Monday afternoon.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on IBM stock.
The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and notable return on equity.
The team believes its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: IBM