International Business Machines Corp. IBM 0.34% shares are down more than 80 percent this week after reporting a slight Q4 EPS beat on a modest Q4 revenue miss.

According to a report by Cantor Fitzgerald analyst Joseph Foresi, the mixed numbers are a good representation of the company’s uncertain future.

“Earnings guidance was set conservatively in our opinion, which we view as a good thing, but ultimately investor focus remains squarely on top-line growth,” Foresi explained.

He added that, while Strategic Imperative revenue growth of 16 percent was impressive, it fell…

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