Wednesday, March 23, 2016

Red Hat (RHT) Reports 4Q'16 Results

Red Hat (RHT) reported 4Q'16 results after the market closed yesterday (02016.03.22) and today (at 11:06am EDT) RHT is down almost 4% at $72.77. 52-week range: $59.59 - $84.44.

From the company's press release.

"Enterprises increasingly adopting hybrid cloud infrastructures and open source technologies drove our strong results. The fourth quarter marked our 56th consecutive quarter of revenue growth, contributing to Red Hat’s first fiscal year crossing $2 billion in total revenue," stated Jim Whitehurst, President and Chief Executive Officer of Red Hat.

On 02016.02.29, Red Hat $2.0 billion in cash and still had $237 million reserved to buyback RHT shares.

Thursday, March 10, 2016

Vericel (VCEL) Pops on Huge Volume

Vericel (VCEL) closed today (02016.03.10) at $3.95, up 86.32%. Prior to the market opening the company issued a press having the headline: Vericel Announces Positive Top-Line Results From Phase 2b ixCELL-DCM Clinical Trial of Ixmyelocel-T in Patients With Heart Failure Due to Ischemic Dilated Cardiomyopathy.

Previous close was $2.12. VCEL opened at $3.95 and hit an intra-day high of $4.90 (up 131%) before closing at $3.95. Volume was 29.8 million vs. 49,403.

About the volume... There are ~23.8 million VCEL shares and the float is ~15.3M. Today's volume was 29.8 million (i.e almost 2-times the float).