|Bid||134.00 x 1300|
|Ask||0.00 x 800|
|Day's Range||133.34 - 136.04|
|52 Week Range||104.51 - 177.70|
|PE Ratio (TTM)||84.83|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Jim Cramer hears from Red Hat President and CEO Jim Whitehurst, who addresses his company's second-quarter revenue miss.
CNBC's Jim Cramer hears from Red Hat President and CEO Jim Whitehurst, who addresses his company's second-quarter revenue miss. Whitehurst tells the "Mad Money" host that Red Hat's growth should "re-accelerate" in the coming quarters. Wall Street wasn't pleased with Red Hat's second-quarter revenue miss on Wednesday, but the software company's outlook is much brighter than this quarter made it seem, Red Hat RHT President and CEO Jim Whitehurst told CNBC on Friday.
Enterprise software outfit Red Hat tumbled roughly 6.5% Thursday on the heels of Wednesday night’s disappointing earnings report for its second quarter. On the plus side, the confessional featured revenue growth of 14% for RHT stock and a 3-cent-profit beat on earnings of 85 cents per share. Now for the bad news or at least the wrath of Wall Street. Red Hat narrowly failed to meet Street sales forecasts of $830 million with actual revenues of $822.7.
Major benchmarks closed at record highs on a historic day on Wall Street. Under Armour rose after announcing workforce reductions, while Red Hat fell following the release of its latest quarterly results.
Stocks that moved substantially or traded heavily Thursday: Under Armour Inc., up $1.24 to $20 The athletic gear maker raised its profit forecast and said it will cut 400 jobs. Thor Industries Inc., down ...
Dow Jones futures: Tilray and other marijuana stocks were active Thursday after a wild Wednesday. Red Hat fell on weak sales and guidance. Crispr slid on a stock offering.
The Dow Jones industrial average set a record high Thursday. Graphics-chip maker Nvidia declined on analyst comments.
Red Hat's (RHT) second-quarter results benefit from strong cross-selling and robust demand for Ansible and OpenShift. However, RHEL's lower renewal base is likely to hurt top-line growth.
Ryan McQueeney recaps morning news involving Under Armour, Nvidia, General Electric, and Red Hat. Later, he is joined by momentum guru Dave Bartosiak to discuss the Dow hitting a new all-time high and to speculate over where our major indexes might finish the year.
Red Hat gets the lion's share of its revenue from its subscription service to distributions of the Linux open-source operating system, as well as other products. While Red Hat's CEO isn't concerned about the soft revenue, analysts at BTIG see the company's subscription model as a potential headwind going forward. Learn more about TheStreet's market coverage for your trusted smart-speaker here.
Red Hat stock dropped about 7 percent Thursday, the day after the firm reported a revenue miss and its executives lowered their guidance for the year amid a weakening dollar.
Red Hat Inc (NYSE: RHT ) shares are trending lower in reaction to its fiscal 2019 second-quarter results reported after the close Wednesday that showed 14-percent year-over-year revenue growth and non-GAAP ...
The stock market this morning is setting new all-time highs, especially the S&P 500, yet Red Hat (NYSE:RHT) stock is down 5.7% to $134.79. Investors did not like what they heard on Red Hat’s earnings call Wednesday. This is becoming a habit for RHT stock, but this time the punishment is not as severe as the beating RHT took three months ago.
After the bell on Wednesday, Red Hat reported August quarter (fiscal second quarter) revenue of $822.7 million (up 14% annually) and non-GAAP EPS of $0.85. For the November quarter, Red Hat is guiding for revenue of $848 million to $856 million and EPS of $0.87, which is below a consensus of $862 million and $0.92. The dollar's continued weakening is partly blamed for Red Hat's revenue numbers.
On the surface, Red Hat (NYSE:RHT) is a cloud-computing company that should receive consistently strong investor sentiment. With a chance to right the ship and prove the bears wrong, the Red Hat earnings for Q2 was critical from a PR perspective.
Here are some of the companies with shares expected to trade actively in Thursday’s session. Check back closer to the market open for an updated list. Comcast Corp.—Up 0.3%: British regulators said Comcast and Fox will settle their takeover battle for Sky via an auction starting Friday, a dramatic climax to a lengthy sale process involving some of the world’s biggest media companies.
The " Fast Money " traders shared their first moves for the market open. Pete Najarian was a buyer of Intel INTC Tim Seymour was a buyer of VanEck Vectors Oil Services ETF Dan Nathan was a seller of ...
Red Hat (NYSE:RHT) released its earnings results for its second quarter of fiscal 2019 on Wednesday, beating analysts’ expectations on the profit front, while its revenue lagged. The software company said that for its period, it amassed earnings of 85 cents per share on an adjusted basis, topping the 82 cents per share that analysts were calling for, according to data compiled by Thomson Reuters in its consensus estimate. Red Hat revenue for its second quarter totaled $822.7 million, which was below the $830 million that analysts were calling for, according to Thomson Reuters.
Red Hat (RHT) delivered earnings and revenue surprises of 4.94% and -0.58%, respectively, for the quarter ended August 2018. Do the numbers hold clues to what lies ahead for the stock?
Linux operating system distributor Red Hat Inc reported smaller-than-expected revenue on Wednesday, hurt by disappointing subscription revenue, and forecast current-quarter results below estimates. The ...
Red Hat Inc. shares dropped in the extended session Wednesday after the software company's quarterly revenue and outlook fell short of Wall Street estimates. Red Hat shares fell 4% after hours, following a 0.3% rise to close the regular session at $143.16. The company reported fiscal second-quarter net income of $86.9 million, or 46 cents a share, compared with $97.1 million, or 53 cents a share, in the year-ago period. Adjusted earnings were 85 cents a share. Revenue rose to $822.7 million from $723.4 million in the year-ago period. Analysts surveyed by FactSet had estimated 82 cents a share on revenue of $828.1 million. For the fiscal third quarter, Red Hat estimates adjusted earnings of about 87 cents a share on revenue of about $848 million to $856 million. Analysts expect earnings of 92 cents a share on revenue of $862.2 million.