From 02011.09.22... Red Hat Continues To Grow (2Q'12 results)
[Update::2011.12.20] Red Hat's CEO Discusses Q3 2012 Results - Earnings Call Transcript
[Update::2011.12.21] Red Hat (RHT) trades on the NYSE. Yesterday, 02011.12.20, the DJIA closed up 2.87% (and 99% of the stocks in the Standard & Poor's 500-stock index close up), yet RHT close at $41.95, down 8.9%. Trading volume was 14.8 million vs. trailing-3-month average of 2.7 million. One month plus four days earlier, on 02011.11.16, RHT hit an intra-day high of $53.09.
Investors got cold feet prior to Red Hat announcing 3Q'12 and RHT closed at $46.05, down 3.34% for the day (02011.12.19).
ReplyDeleteFrom Red Hat's 3Q'12 press release: "Operating cash flow was $96.6 million for the third quarter, as compared to $70.8 million in the year ago quarter. At quarter end, the company’s total deferred revenue balance was $819.6 million, an increase of 20% on a year-over-year basis. Total cash, cash equivalents and investments as of November 30, 2011 was $1.2 billion."
D'oh! Afters hours on 02011.12.19: RHT $41.50 Down -$4.55 (-9.88%) 4:24PM EST
ReplyDeleteI liked this Motley Fool headline "Who Sat on My Red Hat?" http://www.fool.com/investing/general/2011/12/21/who-sat-on-my-red-hat.aspx
ReplyDeleteS&P credit rating for Red Hat was "upgraded to ‘BBB-‘ thanks to strong revenues and resilience in the face of economic downturn."
ReplyDeleteRHT fell another 5% yesterday (02011.12.21) closing at $39.90.