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INX:RHT, Jun 25, 06:41 UTC

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Friday, June 21


News

Red Hat Reports Q1 Earnings Beat

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Red Hat (NYSE: RHT) on Thursday afternoon reported adjusted quarterly earnings of $1 per share, which beat the analyst consensus estimate of 86 cents. This is a 38.89% increase over earnings of 72 cents per share from the same period last year. The company reported quarterly sales of $934 million, which beat the analyst consensus estimate of $931.59 million. "Our large deal momentum remained strong, as we doubled the number of deals over $5 million and saw 15% growth in the number of deals over $1 million from the year-ago quarter," said Eric Shander, Executive Vice President and CFO.

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Stocks making the biggest moves premarket: Caterpillar, CarMax, Medtronic, Red Hat & more

MDT RHT +1 more MDT RHT KMX

Stocks making the biggest moves premarket: Caterpillar, CarMax, Medtronic, Red Hat & more. Caterpillar – Atlantic Equities downgraded the heavy equipment maker to "underweight" from "neutral," citing expectations of weaker macroeconomic growth. Canopy Growth – Canopy Growth reported a wider-than-expected loss for its latest quarter, although the cannabis producer's revenue beat analyst estimates. Korn Ferry – Korn Ferry matched analyst estimates with adjusted quarterly profit of 88 cents per share, but the consulting firm's revenue was short of forecasts.

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Virtual Private Cloud Market Growth Rate by 2025 – Top Companies are Microsoft, IBM, Amazon Web Services, Hewlett-Packard, Google, VMware, Oracle, Cisco Systems, NetApp, Red Hat – Market Mirror

IBM NTAP +7 more IBM NTAP RHT CSCO HPQ MSFT GOOGL GOOG ORCL

These activities have paved way for expansion of business and customer base of market players. The report provides a detailed overview of the industry including both qualitative and quantitative information. It also provides market size and forecast till 2025 for overall Virtual Private Cloud market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). Tags: Amazon Web Services, Cisco Systems, global Virtual Private Cloud market, global Virtual Private Cloud market report, Google, Hewlett-Packard (HP), IBM, NetApp, Oracle, Red Hat, The Insight Partners, theinsightpartners.com Microsoft, Virtual Private Cloud industry, Virtual Private Cloud market, Virtual Private Cloud market 2019, Virtual Private Cloud market 2025, Virtual Private Cloud market analysis, Virtual Private Cloud market forecast, Virtual Private Cloud market india, Virtual Private Cloud market outlook, Virtual Private Cloud market overview, Virtual Private Cloud market research, Virtual Private Cloud market share, Virtual Private Cloud market size, Virtual Private Cloud market trends, VMware.

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Thursday, June 20


News

Red Hat Earnings: RHT Stock Edges Higher on Q1 Revenue Beat

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Red Hat (NYSE:RHT) reported its quarterly earnings results late in the day Thursday, bringing in a profit that grew year-over-year, while sales topped what analysts called for, playing a role in lifting RHT stock a touch after hours today. The Raleigh, North Carolina-based software business unveiled its first-quarter results for its fiscal 2019, which saw it amass net income of $141 million, or 76 cents per share, coming in ahead of its year-ago net income of $113 million, or 59 cents per share, by 24.8%. Red Hat’s adjusted profit for the three-month period was higher than the Wall Street consensus estimate of 87 cents per share, according to data compiled by FactSet. The post Red Hat Earnings: RHT Stock Edges Higher on Q1 Revenue Beat appeared first on InvestorPlace.

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Red Hat's Q1 Earnings Outlook

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Red Hat (NYSE: RHT) will be releasing its next round of earnings this Thursday, June 20. For all of the relevant information, here is your guide for Thursday's Q1 earnings announcement. Sell-side analysts expect Red Hat's EPS to be near 86 cents on sales of $931.59 million. Red Hat EPS in the same period a year ago totaled 72 cents. The Wall Street consensus estimate for earnings would represent a 19.44 percent increase for the company.

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Wednesday, June 19


News

Red Hat Expected to Earn 87 Cents a Share

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is expected to report net income of $162.4 million, or 87 cents a share, on sales of $931.6 million after the market closes on Thursday, based on a FactSet survey of 14 analysts. Red Hat is currently trading at a price-to-forward-earnings ratio of 45.9 based on the 12-month estimates of 14 analysts surveyed by FactSet. In the upcoming quarter analysts are forecasting net income of $184.3 million, or 98 cents a share, on sales of $951.9 million.

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EU to clear without conditions $34 billion IBM, Red Hat deal - sources

IBM RHT

EU to clear without conditions $34 billion IBM, Red Hat deal - sources. Reuters19 June 2019, 15:39 UTC. BRUSSELS (Reuters) - EU antitrust regulators are expected to clear U.S. tech giant International Business Machines Corp's $34 billion bid for software company Red Hat without demanding concessions, people familiar with the matter said on Wednesday. IBM is seeking to expand its subscription-based software offerings via the deal, its biggest to date, to counter slowing software sales and waning demand for mainframe servers. What to read next.

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Tuesday, June 18


News

IBM & Red Hat: Worldwide Market Shares, Strategy, and Forecasts 2019-2025 - ResearchAndMarkets.com

IBM RHT

The "IBM & Red Hat: Worldwide Market Shares, Strategy, and Forecasts 2019-2025" report from Wintergreen Research, Inc has been added to ResearchAndMarkets.com's offering. The leading vendors in the cloud data center market have invested in high-quality technology and processes to develop leading-edge systems integration capability. Worldwide cloud services markets are poised to achieve continuing growth as IBM and Red Hat responds to the newer technologies from AWS, Google, and Microsoft that provide significant competitive advantages in the cloud markets. The mega data centers let developers go from any node to any node in a 100,000 x 100,001 matrix grid, providing significant systems integration not available in the typical IBM and other cloud symmetries.

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Sunday, June 16


News

Tredje AP fonden Has $2.22 Million Stake in Red Hat Inc (NYSE:RHT) – Tech Know Bits

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Vanguard Group Inc now owns 18,703,926 shares of the open-source software company’s stock valued at $2,548,970,000 after buying an additional 103,057 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Red Hat by 11,583.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,095,436 shares of the open-source software company’s stock valued at $57,000 after buying an additional 10,009,030 shares during the period. Norges Bank acquired a new position in Red Hat in the fourth quarter valued at approximately $297,683,000. Separately, ValuEngine lowered shares of Red Hat from a “strong-buy” rating to a “buy” rating in a report on Monday, April 1st. The open-source software company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. It offers infrastructure-related solutions, such as Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in hybrid cloud environments; Red Hat Satellite, a system management offering that helps to deploy, scale, and manage in hybrid cloud environments; and Red Hat Enterprise Virtualization, a software solution that allows customers to utilize and manage a common hardware infrastructure to run multiple operating systems and applications.

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Friday, June 07


News

SeaChange International Inc. (SEAC) and Red Hat Inc. (NYSE:RHT) Comparison side by side

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This is therefore a comparing of the institutional ownership, profitability, analyst recommendations, risk, dividends, earnings and valuation in SeaChange International Inc. (NASDAQ:SEAC) and Red Hat Inc. (NYSE:RHT). The two are both Application Software companies that compete with one another. Table 2 demonstrates the net margins, return on equity and return on assets of SeaChange International Inc. and Red Hat Inc. Net Margins. SeaChange International Inc. is better equipped to clear short and long-term obligations than Red Hat Inc. Analyst Recommendations.

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