117.47 +0.82 (0.70%)
Pre-Market: 4:47AM EST
|Bid||0.00 x 1000|
|Ask||138.84 x 900|
|Day's Range||116.02 - 118.23|
|52 Week Range||114.09 - 171.13|
|Beta (3Y Monthly)||1.87|
|PE Ratio (TTM)||18.80|
|Earnings Date||Jan 22, 2019|
|Forward Dividend & Yield||6.28 (5.24%)|
|1y Target Est||153.16|
Nearly two months after IBM announced plans to buy Raleigh-based Red Hat, at least one shareholder complaint over the deal has been filed in federal court.
Red Hat Inc. (RHT) released its third-quarter financial results after the market closed on Dec. 17. Having witnessed robust subscription growth during the quarter as well as steady demand for its hybrid cloud technology solutions, the company registered strong earnings and revenue. Subscription revenue, which accounts for 87% of the company's total revenue, inched up 13% year over year to $741 million.
Oracle stock rose nearly 5.40% in after-hours trading but closed at $45.73, a fall of 1.87%, on December 17. Oracle has surpassed analysts’ revenue expectations in ten of the last 17 straight quarters. Oracle stock has fallen ~3% in the past year as of December 17, whereas the S&P 500 Index has fallen ~5% in the same period.
IBM IIAS suite was recently selected by Catalina. It intends to utilize IIAS to offer its clientele with more meaningful and appropriate shopper insights.
Srini Vasan, founder and CEO of eShipGlobal, and partner Terry Beaudine from IBM Blockchain Solutions, demonstrated at MarketWaves 18 in Dallas last month how eShipGlobal provides a one-stop solution for shipping expedited hazardous materials and other packages using blockchain technology. Vasan explained that eShipGlobal, a Dallas-based, non-asset 4PL, offers customers software solutions and expertise with a focus on customer service to expedite small parcels and critical documents both domestically and internationally.
Open source solution provider Red Hat Inc (NYSE: RHT ) on Monday reported its third-quarter results , but didn't host a conference call or offer guidance due to the already announced acquisition by IBM ...
Red Hat's (RHT) third-quarter fiscal 2019 earnings benefit from strong demand for hybrid cloud technology solutions as well as aggressive cross-selling.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Red Hat (RHT) announced its earnings for the third quarter of 2018 yesterday. Red Hat stock was mostly unchanged after the market hours, as it is in the process of getting acquired by IBM (IBM). A couple of months back, IBM had announced the acquisition of Red Hat for a valuation of $34 billion.
The character of this stock market is changing. At The Arora Report we advocate diversification by strategies. To date, 144 of our portfolio companies have been purchased or significantly benefited from mergers and acquisitions.
RBC Capital has lowered its stock price target for IBM to $167, as StreetInsider reported. Although the price target of $167 still indicates an “outperform” rating for IBM, the lower price indicates a subdued outlook.
Enterprise open-source software leader Red Hat (NYSE:RHT) is set to report third-quarter numbers after the bell on Monday, December 17. Given positive demand trends in the open-source industry and recent strong earnings reports from peer cloud players, Red Hat should report strong, above-consensus numbers after the bell. Earlier this year, legacy technology giant IBM (NYSE:IBM) announced that they were going to acquire Red Hat for $190 per share.
The cloud services market is heating up. This market grew at a rate of 45% in the last quarter on a year-over-year basis, according to Synergy Research Group. The report mentioned that Amazon (AMZN) managed to maintain its share in this market at around 34%.
ARMONK, N.Y., Dec. 17, 2018 /PRNewswire/ -- With artificial intelligence (AI) continuing to gain usage among marketing professionals, IBM (NYSE: IBM) today announced a new report from IBM Watson Marketing identifying a new breed of marketers coming to the forefront. Driven by a growing need to meaningfully structure data to enable actionable, real-time decision making IBM's 2019 Marketing Trends Report provides practical insights for businesses to stay ahead of the forces driving these changes. "It's not often an entire profession experiences a sea change the likes of which has profoundly impacted all facets of marketing, but we are in that moment," said Sylvia Vaquer, Co-Founder & Chief Creative Officer, SocioFabrica.
Gopher Protocol Inc’s (OTCQB:GOPH) Avant! AI system debuted as an assistant agent on Facebook one week ago, and it has already garnered considerable attention. Company CTO Dr. Danny Rittman explained how his AI creation, Avant! actually crashed briefly after experiencing half a million users in traffic. Dr. Rittman, the creator of Avant!, is a semiconductor designer with over twenty years of experience with companies such as Intel (NasdaqGS:INTC), DEC, IBM (NYSE:IBM), and Qualcomm (NasdaqGS: QCOM).
ARMONK, N.Y., Dec. 17, 2018 /PRNewswire/ -- IBM (NYSE: IBM) announced today that Catalina, the market leader in shopper intelligence and personalized digital media, has adopted the IBM Integrated Analytics System (IIAS) as a key pillar of its expanding analytics program to help provide its clients increasingly more relevant shopper insights. Catalina, the pioneer of personalized digital marketing, has been helping consumer packaged goods (CPG) brands and retailers turn shoppers into buyers with targeted marketing solutions driven by data analytics since 1983. A key piece of the transformation is the IBM IIAS, a unified data system designed to give users fast, easy access to advanced data science capabilities, as well as the ability to work with data across hybrid multiclouds, which are a mix of public and private cloud environments, as well as traditional on-premises IT.
There is nothing seriously wrong at Adobe Systems (NASDAQ:ADBE). Despite reporting “record quarterly and annual revenue,” ADBE stock plunged. Shares of Adobe are now down roughly 6% at about $243 per share. The “problem” was that while $1.87 per share of earnings looked great on paper, analysts had been expecting a penny more. For the year, Adobe earnings came in six cents short of estimates for $6.82 per share, reporting per-share earnings of $6.76.
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