Red Hat – Positive earnings reported

Red Hat, Inc. (NYSE:RHT). Last Market Price: 41.75, Change: +1.46, % Change: (3.62%). Shares trade in the range of 40.32 – 42.55 dollars. It has a market capitalization of 8.06B dollars, making it a Mid Cap Stock and has 193.02M outstanding shares. The company has a beta of 1.23, indicating, the stock to be more volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is 0.59; P/E of 70.87. It operates in Technology sector and belongs to Software and Programming industry. Percentage shares held by institutional investors is 94%. The company has a 52 week high of $ 49.00 and a 52 week low of $ 31.77. Average volumes of shares traded daily are 2,930,000. Volume traded in the last session was at 4,140,000, 1.41 times the average volume.

• Reports Q2 (Aug) EPS $0.28 better than estimate
• Revenues rose 28.0% year on year to $281.3 million

For Q2 (May ’11), It had a Net profit margin of 12.26%, an Operating margin of 17.13%. Other Key stats and ratios are : Return on average assets of 5.85%, Return on average equity of 9.93%. The organization has an employee strength of 3,700

Consensus Recommendation is a Outperform.

Estimate for sales for the Quarter Ending Nov-11 show a mean of 274.04 million dollars, an estimate high of 281.20 million dollars and an estimate low of 268.54 million dollars. A year ago the figures stood at 242.95 million dollars.

Estimate for sales for the Quarter Ending Feb-12 show a mean of 276.97 million dollars, an estimate high of 284.00 million dollars and an estimate low of 269.30 million dollars. A year ago the figures stood at 249.00 million dollars.

Estimate for EPS for the Quarter Ending Nov-11 show a mean of 0.25 dollars, an estimate high of 0.28 dollars and an estimate low of 0.20 dollars. A year ago the figures stood at 0.22 dollars.

Estimate for EPS for the Quarter Ending Feb-12 show a mean of 0.26 dollars, an estimate high of 0.28 dollars and an estimate low of 0.20 dollars. A year ago the figures stood at 0.23 dollars.

Sales for Quarter Ending May-11 was estimated at 253.32 million dollars, however the actual sales figure stood at 264.75 million dollars, 11.42 million dollars more than estimates.

Sales for Quarter Ending Feb-11 was estimated at 236.02 million dollars, however the actual sales figure stood at 244.80 million dollars, 8.78 million dollars more than estimates.

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