Red Hat, Inc. (RHT) provides open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, management, middleware, cloud, mobile and storage technologies. Red Hat operates through three geographical segments: the Americas, including the United States, Canada and Latin America; EMEA, including Europe, Middle East and Africa, and Asia Pacific. Its products and services include infrastructure-related offerings, application development-related and other technology offerings, and consulting, support and training services. Its infrastructure-related offerings include Red Hat Enterprise Linux, Red Hat Satellite and Red Hat Enterprise Virtualization. Its application development-related and other technology offerings include Red Hat JBoss Middleware, Red Hat cloud offerings, Red Hat Mobile and Red Hat Storage. Its consulting services include upgrade planning, platform migrations, solution integration and application development.
Reported after close yesterday (6/22/16) Earnings: EPS $0.50 Revenue $567.9M Estimates: EPS $0.50 Revenue $563.2M Down 5.14% pre-market so far
I think these guys have a head office in Raleigh, I may go visit and try get some inside scoop! Investigative reporting!
Red Hat's growth is predicated on its strong partner base, which includes companies such as Google Cloud Platform, Microsoft Azure and Amazon Web Services, IBM and Dell. What drives Red Hat's growth, in particular, is OpenShift. The market for OpenShift is expanding rapidly.
Woof, quite the drop on this one. I like where it just so happened to have magically found itself though... 200MA support.
Took a chance on this one today, hopped in at $138.92. Stop loss at 3-4% loss, target of 26% gain for a risk/reward of around 7.0. This one's more of a gamble than usual, hoping the support at the 200MA can hold and we can see a price recovery.
