Monday, December 19, 2011

Red Hat Reports 3Q'12 Results Today

Red Hat (RHT) announces 3Q'12 results today (Monday, 02011.12.19). Last Friday RHT closed at $47.64. 52-week range: $31.77 - $53.42. Right now RHT is #5 in the GDT::Portfolio. My next target price for RHT is $67.48.

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.

4 comments:

  1. 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).

    From 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."

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  2. D'oh! Afters hours on 02011.12.19: RHT $41.50 Down -$4.55 (-9.88%) 4:24PM EST

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  3. I 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

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  4. S&P credit rating for Red Hat was "upgraded to ‘BBB-‘ thanks to strong revenues and resilience in the face of economic downturn."

    RHT fell another 5% yesterday (02011.12.21) closing at $39.90.

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