|Bid||182.11 x 3000|
|Ask||182.14 x 800|
|Day's Range||181.95 - 182.29|
|52 Week Range||115.31 - 183.54|
|Beta (3Y Monthly)||-0.10|
|PE Ratio (TTM)||122.27|
|Earnings Date||Mar 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||185.39|
Red Hat (RHT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Stocks with fast-rising revenues are outperforming and set for more gains, per Goldman Sachs. This is the second of two articles on that report.
While critics have questioned the culture combination resulting from IBM’s proposed buyout of Raleigh-based Red Hat, it’s just that mesh of attitudes that has Tim Humphrey, IBM’s senior state executive for North Carolina, excited about the deal he's confident will close.
Red Hat Inc NYSE:RHTView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for RHT with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold RHT had net inflows of $4.53 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, but is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
These stocks are heavily owned by high-turnover hedge funds, and thus are likely to face severe selling pressure once these funds turn bearish.
How Warren Buffett’s Investment Philosophy Has Evolved(Continued from Prior Part)Warren Buffett Berkshire Hathaway (BRK-B) chair Warren Buffett avoided technology stocks (QQQ) in the late 1990s. In hindsight, it looks like a good decision as most
How Warren Buffett’s Investment Philosophy Has Evolved(Continued from Prior Part)Warren BuffettIn his 2018 shareholder letter, Berkshire Hathaway (BRK-B) chair Warren Buffett said, “For nearly three decades, the initial paragraph featured the
How Warren Buffett’s Investment Philosophy Has EvolvedWarren Buffett’s investment philosophyLast month, we had two key regulatory filings from Berkshire Hathaway (BRK-B). On February 14, Berkshire Hathaway released its 13F for the fourth
Warren Buffett’s Next 'Elephant-Sized Acquisition'Next elephant In his 2018 annual letter, Berkshire Hathaway (BRK-B) chair Warren Buffett said that he and vice chair Charlie Munger “hope for an elephant-sized acquisition.” Buffett’s love
Red Hat, Inc. , the world's leading provider of open source solutions, will release results of its fourth quarter fiscal year 2019 on Monday, March 25, 2019, after the market close.
Even fast-growing companies must climb the wall of worry. MongoDB (NASDAQ:MDB), whose open-source database technology, based on the concept of documents, is increasingly popular in clouds, is such a company.Source: Shutterstock Mongo has been delivering top-line growth of over 50% each year since before going public in 2017 and is expected to keep up the pace when it reports its fourth-quarter results Mar. 13.Hitting the mark of $73.7 million in revenue would give it over $240 million for the year … 50% ahead of last year's $154 million. This has earned MDB stock a market cap of $5.2 billion, up a fat 218% from its IPO price.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut news events have kept the rocket ship from going straight up, and the latest news may drop it from the sky. Amazon After YouThe news is that Amazon (NASDAQ:AMZN), which brought out a MongoDB competitor called DocumentDB a few months ago, may be getting all the business of Lyft, the ride-hailing service due to come public later this year.It's just one account, but it's a big one, and it caused one analyst to throw a sell rating on MDB stock, dropping his price target to $63 per share. At the time MongoDB was trading at $106. It opened Feb. 27 at $98. * 10 Blue-Chip Stocks to Lead the Market MongoDB had previously taken a hit in January, when Amazon announced DocumentDB, and in the fall, when the company changed its open source license. That was because some cloud providers were downloading the software and offering their own versions as a service, without contributing code back.It was feared that move, to what MongoDB calls the Service-Side Public License (SSPL), might lead developers to see it as abandoning its open source roots. MongoDB had previously been licensed under the AGPL, an online version of the standard GPL 3.0 license. By the time October results came out, showing growth had continued, MongoDB stock was already marching upward again.The problem for bulls is the current price of MDB stock. At $5.2 billion, you're paying over 20 times anticipated fiscal 2019 revenue. Even if MongoDB hit $400 million in fiscal 2020 revenue, its current valuation is 13 times that. Don't even mention earnings because there aren't any. In a fast-growth company there shouldn't be, as investing and financing cash flows keep growth humming. Open Source vs. the CloudThe real fear isn't so much Amazon as all the other cloud service providers. Open source companies like MongoDB get by on either support contracts or by licensing commercial versions. Clouds that re-sell online versions of open source products, but don't contribute anything back, are a serious concern.As a result, vendors like privately-held Redis Labs went to a more controversial licensing scheme dubbed Commons Clause, prohibiting re-sale of the software as a service. Critics said this turns open source software into proprietary software, and in February Redis released an explicitly proprietary license. * 7 Consumer Stocks to Buy and Hold for Years Mongo's new license demands the cloud providers contribute back the Service Source Code used to make their versions available online back to the community. The question is whether that will satisfy both the clouds that are its customers and the open source advocates that are its contributors. The Bottom Line on MDB StockThe best way to handle the contradiction between the open source ethos and the cloud imperative is to do what Red Hat (NYSE:RHT) did and sell out to a cloud provider like International Business Machines (NYSE:IBM). But that exit isn't available to everyone.MongoDB stock investors also won't get a chance to adjust if MDB's new license continues to anger cloud providers like Amazon, cloud customers or open source contributors. The valuation is extremely high, and there's no net.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing, he owned shares in AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Consumer Stocks to Buy and Hold for Years * 4 China Stocks Soaring on Trade Hopes * 3 Esports Stocks to Benefit From the Boom Compare Brokers The post Will Amazon Kill MongoDB Stock? appeared first on InvestorPlace.
Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today announced a new training and certification program emphasizing the next-generation of telecommunications innovation. The Red Hat Certified Architect Program in Telco Cloud focuses on the skills that telecommunications engineers need to build network functions virtualization (NFV) clouds, critical technologies that can help drive advanced services like 5G. Used by Rakuten Mobile Network, Inc., as part of their collaboration with Red Hat in building a fully virtualized core-to-edge NFV cloud, the program is designed to help Red Hat Certified Engineers and Red Hat Certified Architects gain the knowledge needed to effectively use virtualized and cloud-native functions in building telecommunications infrastructure and services.
Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today announced that its open source technologies will be used by Rakuten Mobile Network, Inc. in launching its new mobile network, which is planned to be launched in October 2019. The fully virtualized, end-to-end cloud-native network will allow Rakuten Mobile Network to more agilely respond to customer needs and provide differentiated offerings from legacy mobile vendors, as well as better prepare the carrier to meet the forthcoming demands of 5G technologies.
Why Warren Buffet Wants Apple to Fall MoreApple In the fourth quarter of 2018, Apple was one of the worst-performing tech stocks. The stock lost nearly 30.1% of its value on reports of weakening sales in China. The company shocked investors again on
Buffett Admits to another Mistake—and It’s Not AppleBuffettBerkshire Hathaway (BRK-B) released its 2018 annual report and chairman Warren Buffett’s annual shareholder letter over the weekend. In the letter, Buffett admitted, “I will make
Should Buffett Have Taken Trump’s Advice in December?Warren Buffett In last two weeks, there have been two regulatory filings from Berkshire Hathaway (BRK-B). On February 14, Berkshire Hathaway released its fourth-quarter 13F. On February 23, the
Markets Await Warren Buffett’s Words of Wisdom amid Criticism(Continued from Prior Part)Annual letterBerkshire Hathaway (BRK-B) is scheduled to release its fourth-quarter earnings results and chair Warren Buffett’s annual letter to shareholders
Markets Await Warren Buffett’s Words of Wisdom amid Criticism(Continued from Prior Part)Market chaosAs we noted in the previous article, Berkshire Hathaway (BRK-B) is scheduled to release its fourth-quarter earnings results and Warren Buffett’s
Markets Await Warren Buffett’s Words of Wisdom amid CriticismBuffettBerkshire Hathaway (BRK-B) released its fourth-quarter 13F filing last week, and it’s scheduled to release its fourth-quarter earnings results on February 23. The earnings
Not only has the sharp rise in takeover valuations kept him on the M&A sidelines, but in the meantime Berkshire has become a top investor in some of the biggest software companies despite Buffett’s long aversion to tech-related bets. The company’s peculiar stock-picking moves in the fourth quarter, disclosed in a filing last week, added more intrigue: It bought shares of Red Hat Inc., dumped its short-lived Oracle Corp. stake and cut back on Apple Inc. Berkshire’s jumping in and out of software investments is something a Buffett follower would have never predicted just a couple of years ago.
Was Buffett Wrong to Not Deploy Berkshire’s Cash in Q4?BuffettLast week, Berkshire Hathaway (BRK-B) released its 13F for the fourth quarter. There were a few surprises in the filing. First, Berkshire exited Oracle (ORCL) within a quarter of buying
NEW YORK, Feb. 21, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
When goodwill is occupying a progressively larger share of assets and growing faster than revenue, profit, and cash flow...look out.