ATLAS
Cloud platforms·US·Armonk, NY·#8 / 10 in segment·1.6% of segment mcap
$225.00
-40.9% vs S&P 12m

Hybrid cloud + Watsonx + consulting; AI productivity story driven by Red Hat and consulting bookings.

Steady but lower-growth AI exposure; Watsonx revenue ramp is the swing factor.

Products
  • watsonx
  • Red Hat OpenShift
  • Consulting
Customers (2)
  • Enterprises
  • Governments
Competitors (3)

Composite score

Higher = stronger overall research case

57
Fundamental59
Technical27
Valuation84
AI relevance55
Risk-adjusted (higher = safer)57
Segment-relative fundamental percentile: 57

Synthetic 1Y price action

Deterministic price series; 50d (yellow) and 200d (orange) MAs shown

3M RS: -20.5%6M RS: -35.6%12M RS: -40.9%Vol30d: 37%DD52w: -28.6%

Financial summary

Curated, illustrative

Revenue
$68.91B
Growth (YoY)
9.5%
Gross margin
58.4%
Operating margin
13.8%
FCF
$13.08B
Capex
$911.25M
Net cash / (debt)
$-58.02B
ROIC
5.4%
Customer conc.
Medium

Valuation

Market cap
$211.47B
Enterprise value
$269.49B
P/E (TTM)
19.9x
Forward P/E
16.7x
EV / Sales
3.9x
EV / EBITDA
16.2x
P / FCF
16.2x
PEG
2.1x
Rule of 40

Risks

Severity 1 (low) to 5 (severe)

  • 3
    Consulting macro sensitivity

Score components

What drove the composite

Growth49
Profitability51
Cash generation70
Balance sheet47
Moat / AI relevance62
Capital intensity (higher = lighter)81
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)5
Momentum (3/6/12m)33
Relative strength32
Realized vol (higher = lower vol)57