By Khac Phu Nguyen
Publication Date: 2026-10-28 16:35:00
IBM IBM wants to turn AI agents’ security needs into its next software sale. The enterprise technology group’s Agent Identity push pairs identity management with HashiCorp Vault’s credential controls, giving IBM another opening to sell into existing customer accounts. Agent Identity is available, although some discovery and containment capabilities remain in preview. Shares traded at $250.47, up 0.09%, at 10:54 a.m. ET on October 28.
The opportunity matters because software already carries substantial weight in IBM’s business. Its third-quarter results put software revenue at $7.804 billion out of $17.103 billion overall, or roughly 45.6% of sales. Software grew 8% from a year earlier, ahead of the company’s 5% increase. Selling agent security to Vault customers could help extend that lead, but IBM still needs to turn access to those accounts into paying deployments.
The valuation leaves room for scrutiny. GuruFocus shows a GF Score of 77 out of 100 and a price-to-earnings ratio of…
