Stock Market Today, Feb. 9: Kyndryl Share Price Halved After Earnings Miss and Delayed Filing
Kyndryl (NYSE:KD), an IT infrastructure and cloud services provider, closed Monday at $10.59, down 54.94%. The stock sold off after earnings and revenue missed estimates, an accounting review and delayed 10-Q filing were disclosed, and senior finance leaders departed.
Trading volume reached 59.3 million shares, about 1,777% above its three-month average of 3.2 million shares. Kyndryl IPO'd in 2021 and has fallen 74% since going public.
How the markets moved today
The broader U.S. markets were firmer Monday, with the S&P 500 up 0.45% to 6,963 and the Nasdaq Composite rising 0.90% to 23,239. Within information technology services, industry peers International Business Machines closed at $296.34 (-0.87%) and DXC Technology finished at $14.33 (-5.72%), underscoring pressure across traditional IT services providers.
What this means for investors
Kyndryl’s Q3 earnings report went about as bad as possible. First, the company’s sales and earnings figures fell short of Wall Street’s expectations, with revenue rising only 3%. However, the major issue that hit the stock was its announcement that its Form 10-Q (full quarterly report) would be delayed after it “flagged material weaknesses in internal controls.”
This led to a leadership shake-up in the finance and legal departments, most notably the CFO’s departure. Making matters worse, given the nature and scale of today’s stock price decline, numerous law firms have announced securities-fraud investigations into Kyndryl, creating yet another headwind for the stock.
Kyndryl is deeply discounted valuation-wise now, but until there is more clarity on these new issues, I’m staying away.
Should you buy stock in Kyndryl right now?
Before you buy stock in Kyndryl, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Kyndryl wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $443,299!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,136,601!*
Now, it’s worth noting Stock Advisor’s total average return is 914% — a market-crushing outperformance compared to 195% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of February 9, 2026.
Josh Kohn-Lindquist has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends International Business Machines and Kyndryl. The Motley Fool has a disclosure policy.
Recommended Articles
