|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||164.83 - 166.40|
|52 Week Range||86.26 - 173.58|
|PE Ratio (TTM)||117.93|
|Earnings Date||Jun 18, 2018 - Jun 22, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||169.58|
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.
Gains were broad based as six out of nine sectors finished the trading session in green. WallStEquities.com has initiated research reports on the following Application Software stocks: Red Hat Inc. (NYSE: RHT), RingCentral Inc. (NYSE: RNG), SAP SE (NYSE: SAP), and Shopify Inc. (NYSE: SHOP).All you have to do is sign up today for this free limited time offer by clicking the link below.
Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today introduced Red Hat Hyperconverged Infrastructure for Cloud, an integrated solution for customers seeking to co-locate compute and storage functions in OpenStack environments. Red Hat Hyperconverged Infrastructure for Cloud offers an open platform to improve application portability between the datacenter and the edge, especially critical to enterprises that historically didn’t have any choice outside of inflexible, proprietary systems. This announcement marks the release of the second component in Red Hat’s hyperconverged portfolio, following the introduction of Red Hat Hyperconverged Infrastructure for Virtualization in June 2017, which combines Red Hat Virtualization and Red Hat Gluster Storage.
Red Hat, Inc. (RHT), the world’s leading provider of open source solutions today announced that Tata Communications, a global digital infrastructure provider, has selected Red Hat Cloud Suite, Red Hat’s broadest hybrid cloud offering, to help enhance its IZO™ Private Cloud service. By implementing Linux and Kubernetes-based Red Hat OpenShift Container Platform and Red Hat OpenStack Platform, Red Hat’s massively scalable cloud infrastructure, Tata Communications is able to offer its enterprise customers a reliable hybrid cloud experience across the globe.
OPENSTACK SUMMIT—Red Hat, Inc. (RHT), the world's leading provider of open source solutions, and Juniper Networks (JNPR), an industry leader in automated, scalable and secure networks, today announced an initiative to provide a unified solution for enterprises designed to manage and run applications and services on any virtual machine (VM), any container and any cloud environment by more extensively integrating Red Hat OpenShift Container Platform and Red Hat OpenStack Platform with Juniper® Contrail® Enterprise Multicloud. In an effort to move faster, reduce costs and become more agile, many companies have moved their workloads to the cloud and container-based applications, which can be portable across hybrid or multicloud environments.
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.
Red Hat, Inc. , the world's leading provider of open source solutions, today announced Red Hat OpenStack Platform 13, the latest version of Red Hat’s massively scalable and agile cloud Infrastructure-as-a-Service solution.
Red Hat, Inc. , the world's leading provider of open-source solutions, today announced the general availability of Red Hat Virtualization 4.2, the newest release of its Kernel-based Virtual Machine -powered virtualization platform.
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.
SINGAPORE, May 11, 2018 /PRNewswire/ -- Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today announced that Neha Sandhu, senior support engineer at Spark New Zealand, has been named the 2018 Red Hat Certified Professional of the Year. The annual award honors a Red Hat Certified Professional (RHCP) who demonstrates ingenuity, hard work and expertise, and will be presented to Sandhu at Red Hat Summit 2018, currently taking place in San Francisco. Sandhu is both a Red Hat Certified Systems Administrator (RHCSA) and a Red Hat Certified Engineer (RHCE).
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.
SINGAPORE, May 10, 2018 /PRNewswire/ -- Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today announced that Cathay Pacific, a leading international airline, is using Red Hat solutions and services to transform its legacy infrastructure into a modern hybrid cloud architecture. Using Red Hat OpenStack Platform and Red Hat OpenShift Container Platform, Cathay Pacific created a more efficient and scalable platform for developing and delivering new services, enabling the company to ultimately create a better overall experience for their customers. Based in Hong Kong, Cathay Pacific is an international airline offering passenger and cargo services to 200 destinations in 52 countries and territories worldwide.
Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today announced a collaboration with Boston Children’s Hospital to deploy the ChRIS Research Integration Service, a web-based medical image platform developed using Red Hat technologies, on the Massachusetts Open Cloud (MOC). Running on Red Hat OpenStack Platform, OpenShift also allows for the flexibility to use cloud-native application frameworks and runtimes across the MOC.
Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today announced its collaboration with UNICEF Innovation - the group tasked with identifying, prototyping and scaling technologies and practices that strengthen UNICEF’s work for children. During the eight-week residency with Red Hat Open Innovation Labs, teams worked together to improve the usability of the School Mapping Project tool to support humanitarian research in real-time. The collaboration focused on advancing the School Mapping Project, including enhancements to Magicbox, a software platform that uses real-time data from both public sources and private sector partners to inform life-saving humanitarian responses to emergency situations.
IBM (IBM) and Red Hat Inc. (RHT) today announced a major expansion to their long-standing relationship, which will enable IBM and Red Hat customers to benefit from the combined power of both companies’ technologies in private and public clouds. Container technologies are fast becoming a safe and reliable way to move applications across multiple IT footprints, from existing data centers to the public cloud and vice versa. Going hand-in-hand with IBM’s shift to containerized software, is Red Hat’s expansive portfolio of enterprise-grade, cloud-native, and hybrid cloud infrastructure solutions, which, when combined, provide a clear pathway for enterprises to adopt hybrid cloud computing.
Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today announced the first steps for integrating CoreOS Tectonic, Quay, and Container Linux with Red Hat’s robust container and Kubernetes-based solutions portfolio. Container application platforms like Red Hat OpenShift Container Platform already provide CIOs with a powerful, open standards-based solution to fuel digital transformation efforts, helping enterprises more quickly adopt emerging technologies like Linux containers and Kubernetes without sacrificing existing applications or IT investments. CoreOS’ technologies advance the comprehensive nature of Red Hat’s container infrastructure offerings, providing a clear roadmap for the digital enterprise while simultaneously making hybrid cloud environments an excellent choice deploying both modern and traditional applications.
Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today introduced Kubernetes Operators to the Red Hat OpenShift ecosystem, providing a simplified path for software partners to ultimately deliver tested and validated Kubernetes applications on the industry’s most comprehensive enterprise Kubernetes platform. Developed with the Operator Framework open source toolkit, an Operator helps to remove the barriers to building complex, stateful applications for Kubernetes, resulting in services designed to “just work” across any cloud where Kubernetes runs.
Microsoft Corp. (Nasdaq “MSFT”) and Red Hat Inc. (RHT) today expanded their alliance to empower enterprise developers to run container-based applications across Microsoft Azure and on-premises. With this collaboration, the companies will introduce the first jointly managed OpenShift offering in the public cloud, combining the power of Red Hat OpenShift, the industry’s most comprehensive enterprise Kubernetes platform, and Azure, Microsoft’s public cloud.
Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today announced Dana Lewis, founder of the Open Artificial Pancreas System (OpenAPS) movement, and Zui Dighe, a Duke University student, as the 2018 Women in Open Source Award winners. Both will be recognized today at Red Hat Summit, which is taking place in San Francisco this week. In its fourth year, the Women in Open Source Awards were created and sponsored by Red Hat to honor women who make important contributions to open source projects and communities, or those making innovative use of open source methodology.
Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today announced that Neha Sandhu, senior support engineer at Spark New Zealand, has been named the 2018 Red Hat Certified Professional of the Year. The annual award honors a Red Hat Certified Professional (RHCP) who demonstrates ingenuity, hard work and expertise, and will be presented to Sandhu at Red Hat Summit 2018, currently taking place in San Francisco. Sandhu is both a Red Hat Certified Systems Administrator (RHCSA) and a Red Hat Certified Engineer (RHCE).
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.
Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today announced that Alfred (“Al”) W. Zollar has been appointed to Red Hat’s board of directors. Zollar has served as an executive partner at Siris Capital Group, LLC, a private equity firm, since February 2014. Zollar began his career at IBM in 1977.
Look for Arista Networks, Red Hat and ServiceNow to host analyst days this week while Nutanix holds its annual user conference.