|Bid||165.26 x 800|
|Ask||165.29 x 1100|
|Day's Range||164.99 - 166.40|
|52 Week Range||86.26 - 173.58|
|PE Ratio (TTM)||118.16|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Principal analyst and colleague Patrick Moorhead wrote about Google deploying POWER9 announced at the OpenPOWER Summit and last week I wrote about IBM expanding its platform HCI footprint with Nutanix. As another output of a long partnership, IBM and Red Hat recently announced the availability of IBM Cloud Private on Red Hat OpenShift/ Red Hat Enterprise Linux (RHEL). Additionally, IBM recently announced the availability of PowerAI for Red Hat Enterprise Linux (RHEL) running on IBM POWER9 platforms.
BioTelemetry’s (BEAT) net income has declined at a 3-year and 5-year average of 17% and 5.9% respectively. The company’s negative pre-tax margin changed from 5.5% in 2013 to 3.6% in 2017. The stock prices have beaten the diagnostics & research industry and S&P 500 between 2013 and 2017. The market cap had gained 373% between 2013 and 2017.
Stock futures edged lower Tuesday as Home Depot fell on weak sales. Salesforce, Red Hat, Workday, Splunk and ServiceNow are struggling after breakouts came in lackluster volume.
Red Hat Inc. and Lenovo Group Ltd. are giving away free patents to any startup that joins a group of more than 200 companies devoted to keeping its members and their patents out of court. It’s a carrot to entice startup companies to join the LOT Network, a non-profit created by Alphabet Inc.’s Google and Canon Inc. four years ago to combat litigation by patent assertion companies, known derisively as “trolls,” that don’t make any products but seek royalties by challenging patents. By joining LOT, a company agrees that if they sell patents to such firms, all group members will have a free license to them.
RHT has not yet reached our $175 price target but is certainly is closer. In this daily bar chart, below, we can see that prices are above the rising 50-day simple moving average line as well as the bullish 200-day line. The On-Balance-Volume (OBV) line has been steadily rising the past 12 months telling us that buyers of RHT have been more aggressive.
Look for Arista Networks, Red Hat and ServiceNow to host analyst days this week while Nutanix holds its annual user conference.
Earlier in the series, we briefly discussed the long-standing copyright case that Oracle (ORCL) recently won against Google (GOOG) for using Java API (application programming interfaces) to develop its core mobile Android OS. According to a recent report by the Wall Street Journal, APIs have enabled interoperability among technologies as noted by Microsoft (MSFT), Hewlett Packard Enterprise (HPE), and Red Hat (RHT) in support of Google.
They absolutely hated a very similar third-quarter report, after all. Here's an exclusive look at CEO Jim Whitehurst's own analysis.
Red Hat Inc. is considering taking on additional debt as it prepares to refinance its convertible bonds next year.
After opening higher on the back of Monday's strong rebound, stocks tumbled into the red again on Tuesday afternoon. Looking for some tech winners in the sea of red? Check out three companies that were able to defy the selloff!
Shares of Red Hat (RHT) today rose $1.33, or 0.9%, to close at $154.42, after the distributor of Linux and open-source-software yesterday afternoon reported fiscal Q4 results that topped analysts’ expectations, and also beat with its forecast. While the stock gave up most of the gains from last night’s after-hours session, it was a solid showing on a day when the Nasdaq Composite Index dropped 3%. Red Hat’s chief executive, Jim Whitehurst, was kind enough to take a few minutes to talk with me by phone following the report.
On a day stocks sold off, GlaxoSmithKline announced it is buying out Novartis' share of a joint venture, and Red Hat reported a strong quarter.
A growing consensus view is that Red Hat's push into "container" software for cloud computing workloads will drive growth.