Jim Cramer: IBM Stuck Between Value and Growth

IBM (IBM) - Get Report can't decide if it wants to be a value or a growth stuck, and that is displeasing investors, said TheStreet's Jim Cramer. IBM shares were down Tuesday despite posting better-than-expected third-quarter earnings and revenue. IBM reported adjusted earnings in the period of $3.29 a share, topping estimates of $3.21. Revenue in the quarter was $19.23 billion, which also beat Wall Street forecasts. IBM said its strategic imperatives revenue, which includes cloud, analytics, mobility and security, rose 16% year over year, with cloud revenue alone up 44%.