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Red Hat Inc (RHT.N)

RHT.N on New York Stock Exchange

176.50USD
14 Dec 2018
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$-0.32 (-0.18%)
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Latest Key Developments (Source: Significant Developments)

Red Hat Acquires Hybrid Cloud Data Management Provider NooBaa
Tuesday, 27 Nov 2018 09:25am EST 

Nov 27 (Reuters) - Red Hat Inc ::RED HAT ACQUIRES HYBRID CLOUD DATA MANAGEMENT PROVIDER NOOBAA.RED HAT INC - ACQUIRED NOOBAA, AN EARLY STAGE COMPANY DEVELOPING SOFTWARE FOR MANAGING DATA STORAGE SERVICES ACROSS HYBRID AND MULTICLOUD ENVIRONMENTS.  Full Article

IBM Intends To Finance Red Hat Merger With Combination Of Cash & Debt Financing
Monday, 29 Oct 2018 05:11pm EDT 

Oct 29 (Reuters) - International Business Machines Corp ::INTENDS TO FINANCE RED HAT MERGER WITH COMBINATION OF CASH & DEBT FINANCING - SEC FILING.ENTERED COMMITMENT LETTER FOR 364-DAY SENIOR UNSECURED BRIDGE FACILITY OF UPTO $20 BILLION TO FUND MERGER.  Full Article

Red Hat will be obligated to pay to IBM a termination fee of $975 Mln
Monday, 29 Oct 2018 04:42pm EDT 

Oct 29 (Reuters) - International Business Machines Corp ::RED HAT - IF DEAL TERMINATED UNDER SOME SPECIFIC CONDITIONS, CO SHALL BE OBLIGATED TO PAY TERMINATION FEE OF $975 MILLION - SEC FILING.  Full Article

IBM CEO Says Does Not See Regulatory Inhibitors For Red Hat Deal
Monday, 29 Oct 2018 11:01am EDT 

Oct 29 (Reuters) - International Business Machines Corp ::IBM CEO SAYS "WON'T BE SHY" WITH ACQUISITIONS AND DIVESTITURES AS NEEDED - CONF CALL.IBM CEO SAYS WANTS TO PRESERVE THE RED HAT BRAND AND CULTURE - CONF CALL.IBM CEO, ON RED HAT DEAL, SAYS VERY CLEAR TO US WHAT HORIZONTALLY STAYS NEUTRAL - CONF CALL.IBM CEO, ON RED HAT DEAL, SAYS DO NOT SEE ANY REGULATORY INHIBITORS - CONF CALL.  Full Article

IBM To Acquire Red Hat for Total Enterprise Value Of About $34 Bln
Sunday, 28 Oct 2018 02:40pm EDT 

Oct 28 (Reuters) - IBM ::IBM TO ACQUIRE RED HAT, COMPLETELY CHANGING THE CLOUD LANDSCAPE AND BECOMING WORLD'S #1 HYBRID CLOUD PROVIDER.COMPANIES HAVE REACHED A DEFINITIVE AGREEMENT UNDER WHICH IBM WILL ACQUIRE ALL OF ISSUED AND OUTSTANDING COMMON SHARES OF RED HAT.WILL ACQUIRE ALL OF ISSUED AND OUTSTANDING COMMON SHARES OF RED HAT FOR $190.00 PER SHARE IN CASH.DEAL REPRESENTING A TOTAL ENTERPRISE VALUE OF APPROXIMATELY $34 BILLION.COMPANY INTENDS TO SUSPEND ITS SHARE REPURCHASE PROGRAM IN 2020 AND 2021.COMPANY INTENDS TO CLOSE TRANSACTION THROUGH A COMBINATION OF CASH AND DEBT.ACQUISITION HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF BOTH IBM AND RED HAT.DEAL SUBJECT TO RED HAT SHAREHOLDER APPROVAL.DEAL WILL BE FREE CASH FLOW AND GROSS MARGIN ACCRETIVE WITHIN 12 MONTHS, ACCELERATE REVENUE GROWTH AND SUPPORT A SOLID AND GROWING DIVIDEND.RED HAT TO OPERATE AS A DISTINCT UNIT WITHIN IBM'S HYBRID CLOUD TEAM.RED HAT WILL CONTINUE TO BE LED BY JIM WHITEHURST AND RED HAT'S CURRENT MANAGEMENT TEAM.JIM WHITEHURST ALSO WILL JOIN IBM'S SENIOR MANAGEMENT TEAM AND REPORT TO GINNI ROMETTY.IBM INTENDS TO MAINTAIN RED HAT'S HEADQUARTERS, FACILITIES, BRANDS AND PRACTICES.AT SIGNING, COMPANY HAS AMPLE CASH, CREDIT AND BRIDGE LINES TO SECURE TRANSACTION FINANCING.  Full Article

Red Hat Reports Q2 EPS $0.46
Wednesday, 19 Sep 2018 04:17pm EDT 

Sept 19 (Reuters) - Red Hat Inc ::RED HAT REPORTS SECOND QUARTER RESULTS FOR FISCAL YEAR 2019.Q2 REVENUE $823 MILLION VERSUS I/B/E/S VIEW $829.5 MILLION.SEES Q3 NON-GAAP EARNINGS PER SHARE ABOUT $0.87.SEES FY 2019 NON-GAAP EARNINGS PER SHARE ABOUT $3.45 TO $3.49.SEES FY 2019 GAAP EARNINGS PER SHARE ABOUT $2.29 TO $2.33.SEES Q3 GAAP EARNINGS PER SHARE ABOUT $0.56.Q2 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.85.Q2 EARNINGS PER SHARE $0.46.SEES FY 2019 REVENUE ABOUT $3.36 BILLION TO $3.395 BILLION.SEES Q3 REVENUE ABOUT $848 MILLION TO $856 MILLION.Q2 EARNINGS PER SHARE VIEW $0.82 -- THOMSON REUTERS I/B/E/S.GAAP OPERATING INCOME FOR QUARTER WAS $135 MILLION.QTRLY APPLICATION DEVELOPMENT-RELATED & OTHER EMERGING TECHNOLOGY SUBSCRIPTION REVENUE $196 MILLION, UP 31% YEAR-OVER-YEAR.SEES Q3 GAAP OPERATING MARGIN TO BE ABOUT 16.1%.QTRLY NON-GAAP OPERATING MARGIN WAS 23.9%.SEES Q3 NON-GAAP OPERATING MARGIN TO BE ABOUT 24.0%.FOR Q2, GAAP OPERATING MARGIN WAS 16.4 PERCENT.Q3 EARNINGS PER SHARE VIEW $0.92, REVENUE VIEW $862.7 MILLION -- THOMSON REUTERS I/B/E/S.FY2019 EARNINGS PER SHARE VIEW $3.47, REVENUE VIEW $3.40 BILLION -- THOMSON REUTERS I/B/E/S.RE-AFFIRMING FULL YEAR GROWTH IN CONSTANT CURRENCY AT 16%-17% YEAR-OVER-YEAR.  Full Article

Red Hat Says CEO James Whitehurst's FY 2018 Total Compensation Was $13.6 Mln Vs $11.1 Mln
Monday, 25 Jun 2018 06:42am EDT 

June 25 (Reuters) - Red Hat Inc ::RED HAT INC SAYS CEO JAMES WHITEHURST'S FY 2018 TOTAL COMPENSATION WAS $13.6 MILLION VERSUS $11.1 MILLION IN FY 2017 - SEC FILING.  Full Article

Red Hat Announces $1 Billion Stock Repurchase Program
Thursday, 21 Jun 2018 04:20pm EDT 

June 21 (Reuters) - Red Hat Inc ::RED HAT ANNOUNCES $1 BILLION STOCK REPURCHASE PROGRAM.RED HAT INC - NEW PROGRAM IS TO REPLACE PREVIOUS $1 BILLION REPURCHASE PROGRAM THAT WILL EXPIRE ON JUNE 30.RED HAT - BOARD AUTHORIZED REPURCHASE OF UP TO $1 BILLION OF CO'S COMMON STOCK FROM TIME TO TIME ON OPEN MARKET OR IN PRIVATELY NEGOTIATED TRANSACTIONS.  Full Article

Red Hat Reports Q1 Adjusted Non-GAAP EPS $0.72
Thursday, 21 Jun 2018 04:15pm EDT 

June 21 (Reuters) - Red Hat Inc ::RED HAT REPORTS FIRST QUARTER RESULTS FOR FISCAL YEAR 2019.RED HAT INC <<>> Q1 REVENUE $814 MLN VS I/B/E/S VIEW $807.5 MLN.RED HAT INC <<>> SEES FY 2019 REVENUE ABOUT $3.375 BLN TO $3.41 BLN.RED HAT INC <<>> SEES Q2 REVENUE ABOUT $822 MLN TO $830 MLN.RED HAT INC <<>> Q1 SHR $0.59.RED HAT INC <<>> Q1 ADJUSTED NON-GAAP SHR $0.72.RED HAT INC <<>> SEES Q2 NON-GAAP SHR ABOUT $0.81.RED HAT INC <<>> SEES Q2 GAAP SHR ABOUT $0.50.RED HAT INC <<>> SEES FY 2019 GAAP SHR ABOUT $2.36 TO $2.40.RED HAT INC <<>> SEES FY 2019 NON-GAAP SHR ABOUT $3.44 TO $3.48.RED HAT INC <<>> Q1 SHR VIEW $0.69 -- THOMSON REUTERS I/B/E/S.RED HAT INC SEES Q2 GAAP OPERATING MARGIN IS EXPECTED TO BE APPROXIMATELY 15.1%.RED HAT INC SEES Q2 NON-GAAP OPERATING MARGIN TO BE APPROXIMATELY 23.0%.RED HAT INC SEES FY GAAP OPERATING MARGIN IS EXPECTED TO BE APPROXIMATELY 16.4%.RED HAT INC <<>> Q2 SHR VIEW $0.89, REV VIEW $854.9 MLN -- THOMSON REUTERS I/B/E/S.RED HAT INC <<>> FY2019 SHR VIEW $3.42, REV VIEW $3.45 BLN -- THOMSON REUTERS I/B/E/S.RED HAT INC SEES FY NON-GAAP OPERATING MARGIN IS EXPECTED TO BE APPROXIMATELY 23.9%.RED HAT INC - QTRLY SUBSCRIPTIONS REVENUE $711.5 MLN VS $596.5 MLN .RED HAT INC - FOR FULL YEAR OPERATING CASH FLOW IS EXPECTED TO BE APPROXIMATELY $1.035 BLN TO $1.045 BLN.  Full Article

Red Hat Q3 Earnings Per Share $0.54
Tuesday, 19 Dec 2017 04:15pm EST 

Dec 19 (Reuters) - Red Hat Inc ::RED HAT REPORTS THIRD QUARTER RESULTS FOR FISCAL YEAR 2018.Q3 REVENUE $748 MILLION VERSUS I/B/E/S VIEW $734.8 MILLION.SEES Q4 NON-GAAP EARNINGS PER SHARE ABOUT $0.81.SEES FY 2018 NON-GAAP EARNINGS PER SHARE ABOUT $2.88.SEES FY 2018 GAAP EARNINGS PER SHARE ABOUT $2.02.SEES Q4 GAAP EARNINGS PER SHARE ABOUT $0.54.Q3 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.73.Q3 GAAP EARNINGS PER SHARE $0.54.SEES FY 2018 REVENUE ABOUT $2.906 BILLION TO $2.911 BILLION.SEES Q4 REVENUE ABOUT $758 MILLION TO $763 MILLION.Q3 EARNINGS PER SHARE VIEW $0.70 -- THOMSON REUTERS I/B/E/S.- AT QUARTER-END DEFERRED REVENUE BALANCE OF $2.11 BILLION, UP 23% YEAR-OVER-YEAR.- SUBSCRIPTION REVENUE FOR QUARTER WAS $657 MILLION, UP 21% IN USD YEAR-OVER-YEAR, OR 19% MEASURED IN CONSTANT CURRENCY.- FY GAAP OPERATING MARGIN IS EXPECTED TO BE APPROXIMATELY 16.1% AND FY NON-GAAP OPERATING MARGIN IS EXPECTED TO BE APPROXIMATELY 23.9%.  Full Article

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Icahn says VMWare should be worth $300 per share, cites Red Hat deal

Carl Icahn said on Monday VMWare should be worth $300 per share, the activist investor's latest bid to scuttle Dell's plan to go public by buying back shares tied to its interest in the software company.