Red Hat Stock Jumps on Analyst Upgrade
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Shares of software maker Red Hat Inc. jumped more than 8 percent midday Tuesday on an upgrade from an analyst who was enthusiastic about the company&#39;s hefty market share in an attractive niche.
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FRANKFURT, Germany  - U.S.-based Red Hat Inc., the  world's top distributor of open-source Linux software, expects  its international business to increase to half its sales within  12 months, an executive said on Tuesday.
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Reports of death greatly exaggerated Comment The Wall Street analyst whose inaccurate forecasts sparked prophecies of doom for Red Hat is back, but this time she's making a much more upbeat assessment of the company.â¦
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Red HatÂ plans to launch a major upgrade to its flagship Red Hat Enterprise Linux operating system that will mark the first time the software has fully supported the Linux 2.6 kernel. The launch currently is scheduled to occur at an event that will coincide with the Linuxworld Conference & Expo in Boston next month, a spokeswoman for the company has confirmed.
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Red Hat (Nasdaq: RHAT), the U.S. Linux distributor, said it will buy a number of software assets from America Online.
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FDA clearance sends stock skyrocketing.
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update Earnings per share rise compared with a year ago, but company misses analysts' expectations by a long shot.
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Nastech shares jump before the bell after companies say they will jointly create the new treatment. NEW YORK  - Merck &amp; Co.
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NEW YORK, Dec 21  - Wall Street shares swung higher Tuesday as investors shuffled portfolios in advance of the end of the year, encouraged by a broker upgrade of Intel that buoyed the tech sector.
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Shares of Red Hat Inc. jumped 10 percent Friday, one day after the open source software distributor announced a rise in third-quarter earnings and the appointment of a new chief executive.
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Technology stocks climbed near a  2-month high on Monday, as investors seeing value in a battered  group bought software and semiconductor shares, while higher  crude oil prices limited blue-chip gains.
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The Motley Fool - Open-source software leader Red Hat (Nasdaq: RHAT - News) reports earnings after the bell today, and analysts are expecting a doozy. With on-again-off-again reports that Oracle (Nasdaq: ORCL - News) may enter the Linux market, Red Hat's stock has certainly been volatile, but management has been quite sanguine about further competition from the database giant. Is this one huge strategic misstep or savvy thinking? Read on for my thoughts.
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TechWeb - Red Hat's Enterprise Linux operating-system and software subscription sales soared over the past three months, leading the company to strong revenue growth and profits for its fiscal 2005 second quarter.
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The Motley Fool - On Wednesday, Sept. 27, longtime Linux leader Red Hat (Nasdaq: RHAT - News) released Q2 2007 earnings for the period ending Aug. 31, 2006.
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Shares of SRA International jumped 14 percent Tuesday after the provider of computer services to government clients reported better-than-expected earnings late Monday and received an analyst upgrade Tuesday morning.
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(InfoWorld) - Red Hat Inc.'s woes this week raise the issue of whether IT investors are turning sour on open source. A somewhat disappointing forecast for the next quarter has investors fleeing, just as they have from the company's open-source rival, Novell Inc. A close analysis of the situation, however, may give savvy investors -- and open-source advocates -- courage. Red Hat's problems are probably more short-lived than Novell's. Red Hat investors are rattled: Company shares (RHAT) have lost almost US$5 in value over the last week, closing Thursday at $20.59, down $0.38 for the day. On Tuesday, Red Hat reported solid second-quarter earnings per share of $0.11, on revenue of $99.7 million. This beat expectations of analysts polled by Thomson First Call, of EPS of $0.10 on sales of $97.5 million. The problem was the company's forecast for next quarter: revenue of $103.5 million to $105.0 million, compared with the consensus estimate of $106 million. Even before these numbers came out, analysts were questioning the company's ability to execute a smooth merger with Jboss. Up until recently, investors bought into Red Hat's strategy to move up the software stack. The Jboss acquisition gives it an application server. But disappointing cash flow suggest problems with executing this strategy, and even perhaps some push-back from customers. Four different brokerages in the past month have downgraded their advice on Red Hat stock, with Soleil Securities Group Inc. recommending a "sell." But not all analysts are dour. Banc of America and UBS analysts, for example, have issued reports saying that Red Hat's problems are probably temporary, and that the company's strategy could still pay off with increased sales in the next few quarters. Novell could face more long-term problems. The company has had trouble articulating a coherent strategy. And even though Novell sold its stake in Celerant Consulting to focus on core open-source software, stand-alone Linux sales for the company hover around just $10 million. But it's hard to analyze Novell's business using up-to-date figures, since the company postponed its quarterly report earlier this month, as it completes a voluntary internal review around the granting of stock options to employees. Novell may have to restate earnings. The delay in its earnings report caused the Nasdaq to issue a delisting notice. So far, Novell has been able to stay listed, by protesting the notice and requesting a review process. The next few months should clarify issues around the two companies. Novell needs to get its internal review done, come out with earnings statements that analysts can rely on, and of course eventually show growth in new-software licenses. Red Hat has fewer hurdles to jump. An uptick in cash flow should offer assurances that its strategy to offer a broader portfolio of tools and server software is on track. REFERENCES: Novell faces delisting from Nasdaq, Sep. 21, 2006ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.
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Revenues and profits up - except in UK Computacenter shares jumped over five per cent this morning after the reseller posted better than expected interim results for the six months ended 30 June 2007.â¦