Shares of Kyndryl fell nearly 13% on Thursday, after a research report from short-seller Gotham City alleged the IT services provider has manipulated certain financial metrics.
Here's how Kyndryl's management likes to visualize these "triple, double, single" ambitions: Image source: Kyndryl Holdings Q3 2025 earnings presentation. It all starts with a bit of fancy ...
Kyndryl was hit by a short report alleging issues with its accounting and its relationship with former parent IBM. Investors should consider the allegations carefully, but not rush to any ...
The partnership will help enterprises translate COBOL code to Java and migrate on-prem applications to cloud environments.
The IT infrastructure specialist trades at 61 times GAAP earnings, and its free cash flows have been negative across the past four quarters. Kyndryl's separation from former parent company IBM (NYSE: ...
Kyndryl Shares Slump After Gotham City Alleges It Manipulated Metrics (Reuters) -Shares of Kyndryl fell nearly 13% on Thursday, after a research report from short-seller Gotham City alleged the IT ...
Update: After this article was published, Kyndryl issued a statement saying the Gotham City report "contains claims that are inaccurate and deliberately misleading." The company said it believes ...
Kyndryl's high P/E ratio and negative free cash flow make the stock look overvalued at first glance. The company is knee-deep in restructuring unprofitable contracts left over from the IBM era. At ...