[PR Newswire] International Business Machines Corp. (NYSE:IBM) today announced it has patented the design for a data privacy engine that can more efficiently and affordably help businesses protect personal data as it is transferred between countries, including across private clouds. View photo .IBM Corporation logo Global businesses are increasingly moving personal information such as employee and customer details across borders and around the world. As this continues, the ability to manage data flows between cloud data centers while remaining in accordance with organizational policies and local laws becomes even more imperative. Increasingly, governments are establishing rules that regulate how data may be transmitted from one country to another.
IBM’s new patented Data Privacy Engine invention – U.S. Patent #8,695,101 – lets businesses aggregate international and organizational requirements for data transfers and apply them to individual projects. As a result, organizations can quickly see what restrictions have been put in place for different types of protected information when transferring it between two countries, including data stored in a private cloud. The engine also flags cross-border privacy issues and provides recommendations on how to resolve each based on the information the business has input into the engine. In the event underlying privacy requirements change, the engine can be updated to reflect these rules. Users can then notify teams that previously approved transfers may need to be revisited in order to prevent potential violations.
There are currently twenty two analysts that we track that cover the stock. Of those twenty two, five have a Buy rating, fifteen have a hold rating and two have a Sell rating. On a consensus basis this yields a score of 2.14 and a Hold. The combined price objective of these covering analysts is $196.43, which represents a 3.91% upside difference to the last closing price.
A recent analyst activity consisted of Credit Agricole initiating Coverage with buy stance on the company. Credit Suisse has a price target of $225.00 which represents an upside of 18.53% from the last closing price. On the date of the report, the stock closed at $189.83.
Another research firm weighing in recently was Zacks who reiterated rating with Neutral stance on the stock. On September 15th Zacks upgraded their price target on the stock from $201.00, a 4.79% upside to the current price. On the day of the report, IBM shares closed at $191.81.
International Business Machines Corp. (NYSE:IBM) provides information technology (IT) products and services worldwide. The company’s Global Technology Services segment provides IT infrastructure and business process services, including outsourcing, process, integrated technology, cloud, and technology support. Its Global Business Services segment offers consulting solutions for strategy and transformation, application innovation, enterprise applications, and smarter analytics; and application management, maintenance, and support services. International Business Machines Corporations Software segment offers middleware and operating systems software etc.