- American City Business Journals•4 hours ago
A "record-setting" fiscal 2017 had execs at Raleigh-based Red Hat (RHT) buzzing late Monday. CEO Jim Whitehurst says Red Hat is "really starting to see traction," with more than 500 OpenStack customers. There’s a need for a vendor to step up as the industry standard for certification – just as Red Hat did with Linux, he says.
- Barrons.com•4 hours ago
Following a report this afternoon by Linux and open-source vendor Red Hat (RHT)of fiscal Q4 revenue that topped analysts’ expectations, and a better-than-expected forecast, analysts are starting to offer up their assessments. Red Hat shares are up $4.16, or 5%, at $86.36. Mizuho’s Abhey Lamba, who has a Buy rating on the shares, and a $94 price target, writes in his first-take that the subscription revenue in the quarter of $560 million was higher than consensus for $549 million, and the source of the upside.
- CNBC•4 hours ago
These are the stocks posting the largest moves after the bell.
RHT : Summary for Red Hat, Inc. Common Stock - Yahoo Finance
Red Hat, Inc. (RHT)
NYSE - NYSE Delayed Price. Currency in USD
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|Day's Range||81.92 - 83.10|
|52 Week Range||68.54 - 85.01|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||62.75|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|