Red Hat (RHT) Reports 4Q'13 Results

Red Hat (RHT) reported 4Q'13 results after the market closed today (02013.03.27) and in after hours trading RHT is down 7.4% at 2:23pm MST. From the company's 4Q'13 press release.

Operating cash flow totaled $137 million for the fourth quarter and $465 million for the full year. At the end of the fiscal year, the company's total deferred revenue balance was $1.09 billion, an increase of 15% on a year-over-year basis and 10% sequentially. Cash and investments at February 28, 2013 totaled $1.32 billion after repurchasing approximately 687 thousand shares of common stock in the fourth quarter for approximately $36 million. For fiscal year 2013, Red Hat repurchased approximately 2.3 million shares, or approximately $121 million of common stock.

RHT closed at $49.25 on 02013.03.27. 52-week range: $46.34 - $62.75. It won't surprise me if RHT makes a new 52-week low tomorrow.

[Update::02013.03.28] RHT opened at $47.75, down ~4.4%. It fell to $47.50, but at 8:49am MST it was at $50.24, up ~0.6% for the day. Trading volume is 3x trailing-3-month average.

[Update::02013.03.28] RHT closed at $15.56, up ~1.2%. Intra-day low: $47.50. Volume: 10.3M vs. t3m-avg. of 2.2M.