Intrinsic value of Red Hat - RHT

Previous Close

$124.84

  Intrinsic Value

$176.79

stock screener

  Rating & Target

buy

+42%

Previous close

$124.84

 
Intrinsic value

$176.79

 
Up/down potential

+42%

 
Rating

buy

We calculate the intrinsic value of RHT stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 22.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  20.20
  18.68
  17.31
  16.08
  14.97
  13.98
  13.08
  12.27
  11.54
  10.89
  10.30
  9.77
  9.29
  8.86
  8.48
  8.13
  7.82
  7.53
  7.28
  7.05
  6.85
  6.66
  6.50
  6.35
  6.21
  6.09
  5.98
  5.88
  5.80
  5.72
Revenue, $m
  3,510
  4,166
  4,887
  5,673
  6,523
  7,434
  8,407
  9,438
  10,528
  11,674
  12,876
  14,134
  15,448
  16,817
  18,243
  19,726
  21,268
  22,870
  24,535
  26,266
  28,064
  29,934
  31,879
  33,903
  36,009
  38,202
  40,488
  42,870
  45,354
  47,947
Variable operating expenses, $m
  2,514
  2,956
  3,441
  3,970
  4,542
  5,156
  5,810
  6,505
  7,238
  8,010
  8,668
  9,515
  10,399
  11,321
  12,280
  13,279
  14,317
  15,395
  16,516
  17,681
  18,892
  20,151
  21,460
  22,822
  24,240
  25,716
  27,255
  28,859
  30,531
  32,276
Fixed operating expenses, $m
  345
  353
  361
  369
  377
  385
  394
  402
  411
  420
  429
  439
  449
  458
  468
  479
  489
  500
  511
  522
  534
  546
  558
  570
  582
  595
  608
  622
  635
  649
Total operating expenses, $m
  2,859
  3,309
  3,802
  4,339
  4,919
  5,541
  6,204
  6,907
  7,649
  8,430
  9,097
  9,954
  10,848
  11,779
  12,748
  13,758
  14,806
  15,895
  17,027
  18,203
  19,426
  20,697
  22,018
  23,392
  24,822
  26,311
  27,863
  29,481
  31,166
  32,925
Operating income, $m
  651
  857
  1,085
  1,334
  1,604
  1,893
  2,203
  2,531
  2,878
  3,244
  3,779
  4,181
  4,600
  5,038
  5,494
  5,968
  6,462
  6,975
  7,508
  8,062
  8,639
  9,238
  9,862
  10,511
  11,187
  11,891
  12,624
  13,390
  14,188
  15,021
EBITDA, $m
  868
  1,087
  1,328
  1,592
  1,877
  2,184
  2,511
  2,859
  3,227
  3,614
  4,020
  4,446
  4,890
  5,353
  5,836
  6,338
  6,860
  7,403
  7,968
  8,555
  9,165
  9,799
  10,459
  11,146
  11,861
  12,607
  13,383
  14,193
  15,038
  15,920
Interest expense (income), $m
  2
  41
  85
  134
  187
  245
  308
  376
  447
  524
  604
  689
  778
  871
  968
  1,069
  1,175
  1,285
  1,399
  1,517
  1,640
  1,768
  1,901
  2,040
  2,183
  2,333
  2,489
  2,651
  2,820
  2,996
  3,180
Earnings before tax, $m
  609
  772
  951
  1,147
  1,358
  1,585
  1,827
  2,084
  2,355
  2,640
  3,090
  3,403
  3,729
  4,070
  4,424
  4,793
  5,177
  5,576
  5,991
  6,422
  6,870
  7,337
  7,822
  8,327
  8,853
  9,402
  9,973
  10,570
  11,192
  11,841
Tax expense, $m
  164
  208
  257
  310
  367
  428
  493
  563
  636
  713
  834
  919
  1,007
  1,099
  1,195
  1,294
  1,398
  1,506
  1,618
  1,734
  1,855
  1,981
  2,112
  2,248
  2,390
  2,538
  2,693
  2,854
  3,022
  3,197
Net income, $m
  445
  564
  695
  837
  992
  1,157
  1,334
  1,521
  1,719
  1,927
  2,256
  2,484
  2,722
  2,971
  3,230
  3,499
  3,779
  4,071
  4,373
  4,688
  5,015
  5,356
  5,710
  6,079
  6,463
  6,863
  7,281
  7,716
  8,170
  8,644

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  6,586
  7,816
  9,170
  10,644
  12,238
  13,948
  15,772
  17,707
  19,751
  21,902
  24,158
  26,518
  28,983
  31,552
  34,226
  37,009
  39,902
  42,908
  46,032
  49,279
  52,654
  56,162
  59,811
  63,607
  67,559
  71,674
  75,962
  80,431
  85,093
  89,956
Adjusted assets (=assets-cash), $m
  6,586
  7,816
  9,170
  10,644
  12,238
  13,948
  15,772
  17,707
  19,751
  21,902
  24,158
  26,518
  28,983
  31,552
  34,226
  37,009
  39,902
  42,908
  46,032
  49,279
  52,654
  56,162
  59,811
  63,607
  67,559
  71,674
  75,962
  80,431
  85,093
  89,956
Revenue / Adjusted assets
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
Average production assets, $m
  1,046
  1,242
  1,456
  1,691
  1,944
  2,215
  2,505
  2,813
  3,137
  3,479
  3,837
  4,212
  4,603
  5,011
  5,436
  5,878
  6,338
  6,815
  7,312
  7,827
  8,363
  8,920
  9,500
  10,103
  10,731
  11,384
  12,065
  12,775
  13,516
  14,288
Working capital, $m
  -1,422
  -1,687
  -1,979
  -2,298
  -2,642
  -3,011
  -3,405
  -3,822
  -4,264
  -4,728
  -5,215
  -5,724
  -6,256
  -6,811
  -7,388
  -7,989
  -8,613
  -9,262
  -9,937
  -10,638
  -11,366
  -12,123
  -12,911
  -13,731
  -14,584
  -15,472
  -16,397
  -17,362
  -18,368
  -19,418
Total debt, $m
  1,579
  2,478
  3,465
  4,542
  5,705
  6,954
  8,285
  9,698
  11,190
  12,760
  14,407
  16,130
  17,929
  19,804
  21,757
  23,788
  25,900
  28,095
  30,375
  32,745
  35,209
  37,770
  40,434
  43,205
  46,090
  49,094
  52,224
  55,486
  58,889
  62,440
Total liabilities, $m
  4,808
  5,706
  6,694
  7,770
  8,934
  10,182
  11,514
  12,926
  14,419
  15,989
  17,635
  19,358
  21,157
  23,033
  24,985
  27,016
  29,128
  31,323
  33,604
  35,974
  38,437
  40,998
  43,662
  46,433
  49,318
  52,322
  55,452
  58,715
  62,118
  65,668
Total equity, $m
  1,778
  2,110
  2,476
  2,874
  3,304
  3,766
  4,259
  4,781
  5,333
  5,914
  6,523
  7,160
  7,825
  8,519
  9,241
  9,992
  10,773
  11,585
  12,429
  13,305
  14,217
  15,164
  16,149
  17,174
  18,241
  19,352
  20,510
  21,716
  22,975
  24,288
Total liabilities and equity, $m
  6,586
  7,816
  9,170
  10,644
  12,238
  13,948
  15,773
  17,707
  19,752
  21,903
  24,158
  26,518
  28,982
  31,552
  34,226
  37,008
  39,901
  42,908
  46,033
  49,279
  52,654
  56,162
  59,811
  63,607
  67,559
  71,674
  75,962
  80,431
  85,093
  89,956
Debt-to-equity ratio
  0.890
  1.170
  1.400
  1.580
  1.730
  1.850
  1.950
  2.030
  2.100
  2.160
  2.210
  2.250
  2.290
  2.320
  2.350
  2.380
  2.400
  2.430
  2.440
  2.460
  2.480
  2.490
  2.500
  2.520
  2.530
  2.540
  2.550
  2.560
  2.560
  2.570
Adjusted equity ratio
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  445
  564
  695
  837
  992
  1,157
  1,334
  1,521
  1,719
  1,927
  2,256
  2,484
  2,722
  2,971
  3,230
  3,499
  3,779
  4,071
  4,373
  4,688
  5,015
  5,356
  5,710
  6,079
  6,463
  6,863
  7,281
  7,716
  8,170
  8,644
Depreciation, amort., depletion, $m
  217
  229
  243
  258
  274
  291
  309
  328
  349
  370
  241
  265
  290
  315
  342
  370
  399
  429
  460
  492
  526
  561
  597
  635
  675
  716
  759
  803
  850
  899
Funds from operations, $m
  662
  793
  937
  1,095
  1,265
  1,448
  1,643
  1,849
  2,068
  2,297
  2,497
  2,749
  3,012
  3,286
  3,572
  3,869
  4,178
  4,499
  4,833
  5,180
  5,541
  5,917
  6,308
  6,714
  7,138
  7,579
  8,039
  8,519
  9,020
  9,543
Change in working capital, $m
  -239
  -266
  -292
  -318
  -344
  -369
  -394
  -418
  -441
  -464
  -487
  -509
  -532
  -555
  -577
  -601
  -624
  -649
  -674
  -701
  -728
  -757
  -788
  -819
  -853
  -888
  -926
  -965
  -1,006
  -1,050
Cash from operations, $m
  901
  1,059
  1,230
  1,413
  1,609
  1,817
  2,036
  2,267
  2,509
  2,761
  2,984
  3,258
  3,544
  3,841
  4,149
  4,469
  4,802
  5,148
  5,508
  5,881
  6,270
  6,674
  7,095
  7,534
  7,991
  8,468
  8,965
  9,484
  10,026
  10,593
Maintenance CAPEX, $m
  -55
  -66
  -78
  -92
  -106
  -122
  -139
  -158
  -177
  -197
  -219
  -241
  -265
  -290
  -315
  -342
  -370
  -399
  -429
  -460
  -492
  -526
  -561
  -597
  -635
  -675
  -716
  -759
  -803
  -850
New CAPEX, $m
  -175
  -195
  -215
  -234
  -253
  -272
  -290
  -307
  -325
  -342
  -358
  -375
  -391
  -408
  -425
  -442
  -459
  -478
  -496
  -516
  -536
  -557
  -580
  -603
  -628
  -654
  -681
  -710
  -740
  -773
Cash from investing activities, $m
  -230
  -261
  -293
  -326
  -359
  -394
  -429
  -465
  -502
  -539
  -577
  -616
  -656
  -698
  -740
  -784
  -829
  -877
  -925
  -976
  -1,028
  -1,083
  -1,141
  -1,200
  -1,263
  -1,329
  -1,397
  -1,469
  -1,543
  -1,623
Free cash flow, $m
  671
  797
  937
  1,087
  1,250
  1,423
  1,607
  1,802
  2,007
  2,222
  2,407
  2,642
  2,888
  3,143
  3,409
  3,686
  3,973
  4,272
  4,583
  4,906
  5,242
  5,591
  5,955
  6,333
  6,728
  7,139
  7,568
  8,015
  8,482
  8,970
Issuance/(repayment) of debt, $m
  811
  898
  988
  1,076
  1,163
  1,249
  1,332
  1,413
  1,492
  1,570
  1,647
  1,723
  1,799
  1,875
  1,953
  2,031
  2,112
  2,195
  2,281
  2,370
  2,463
  2,561
  2,664
  2,771
  2,885
  3,004
  3,130
  3,263
  3,403
  3,551
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  811
  898
  988
  1,076
  1,163
  1,249
  1,332
  1,413
  1,492
  1,570
  1,647
  1,723
  1,799
  1,875
  1,953
  2,031
  2,112
  2,195
  2,281
  2,370
  2,463
  2,561
  2,664
  2,771
  2,885
  3,004
  3,130
  3,263
  3,403
  3,551
Total cash flow (excl. dividends), $m
  1,482
  1,695
  1,924
  2,164
  2,413
  2,672
  2,939
  3,215
  3,499
  3,792
  4,054
  4,365
  4,687
  5,018
  5,362
  5,717
  6,085
  6,467
  6,863
  7,276
  7,705
  8,152
  8,618
  9,105
  9,613
  10,143
  10,698
  11,278
  11,885
  12,521
Retained Cash Flow (-), $m
  -300
  -332
  -365
  -398
  -430
  -462
  -493
  -523
  -552
  -581
  -609
  -637
  -665
  -694
  -722
  -751
  -781
  -812
  -844
  -877
  -911
  -947
  -985
  -1,025
  -1,067
  -1,111
  -1,158
  -1,207
  -1,259
  -1,313
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  1,182
  1,363
  1,559
  1,766
  1,983
  2,210
  2,446
  2,692
  2,947
  3,212
  3,445
  3,728
  4,021
  4,325
  4,639
  4,966
  5,304
  5,655
  6,020
  6,399
  6,794
  7,205
  7,633
  8,080
  8,546
  9,032
  9,540
  10,071
  10,627
  11,207
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  1,133
  1,248
  1,357
  1,454
  1,537
  1,604
  1,653
  1,683
  1,693
  1,684
  1,636
  1,591
  1,529
  1,452
  1,362
  1,262
  1,154
  1,041
  927
  813
  703
  598
  500
  412
  332
  264
  205
  156
  116
  84
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Red Hat, Inc. (Red Hat) provides open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, management, middleware, cloud, mobile and storage technologies. Red Hat operates through three geographical segments: the Americas, including the United States, Canada and Latin America; EMEA, including Europe, Middle East and Africa, and Asia Pacific. Its products and services include infrastructure-related offerings, application development-related and other technology offerings, and consulting, support and training services. Its infrastructure-related offerings include Red Hat Enterprise Linux, Red Hat Satellite and Red Hat Enterprise Virtualization. Its application development-related and other technology offerings include Red Hat JBoss Middleware, Red Hat cloud offerings, Red Hat Mobile and Red Hat Storage. Its consulting services include upgrade planning, platform migrations, solution integration and application development.

FINANCIAL RATIOS  of  Red Hat (RHT)

Valuation Ratios
P/E Ratio 86.9
Price to Sales 9.2
Price to Book 17.7
Price to Tangible Book
Price to Cash Flow 28.2
Price to Free Cash Flow 31.4
Growth Rates
Sales Growth Rate 17.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 44.6%
Cap. Spend. - 3 Yr. Gr. Rate -3.7%
Financial Strength
Quick Ratio NaN
Current Ratio 0.1
LT Debt to Equity 59.9%
Total Debt to Equity 59.9%
Interest Coverage 161
Management Effectiveness
Return On Assets 5.9%
Ret/ On Assets - 3 Yr. Avg. 5.4%
Return On Total Capital 12.5%
Ret/ On T. Cap. - 3 Yr. Avg. 10.8%
Return On Equity 19.7%
Return On Equity - 3 Yr. Avg. 15.8%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 85.3%
Gross Margin - 3 Yr. Avg. 85%
EBITDA Margin 16.9%
EBITDA Margin - 3 Yr. Avg. 17.5%
Operating Margin 13.8%
Oper. Margin - 3 Yr. Avg. 13.9%
Pre-Tax Margin 13.3%
Pre-Tax Margin - 3 Yr. Avg. 13.7%
Net Profit Margin 10.5%
Net Profit Margin - 3 Yr. Avg. 10.1%
Effective Tax Rate 20.6%
Eff/ Tax Rate - 3 Yr. Avg. 26%
Payout Ratio 0%

RHT stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the RHT stock intrinsic value calculation we used $2920.461 million for the last fiscal year's total revenue generated by Red Hat. The default revenue input number comes from 0001 income statement of Red Hat. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our RHT stock valuation model: a) initial revenue growth rate of 20.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for RHT is calculated based on our internal credit rating of Red Hat, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Red Hat.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of RHT stock the variable cost ratio is equal to 72.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $338 million in the base year in the intrinsic value calculation for RHT stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Red Hat.

Corporate tax rate of 27% is the nominal tax rate for Red Hat. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the RHT stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for RHT are equal to 29.8%.

Life of production assets of 15.9 years is the average useful life of capital assets used in Red Hat operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for RHT is equal to -40.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1478.124 million for Red Hat - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 177.374 million for Red Hat is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Red Hat at the current share price and the inputted number of shares is $22.1 billion.

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COMPANY NEWS

▶ Is Red Hat Inc (NYSE:RHT) A High Quality Stock To Own?   [Oct-18-18 03:13PM  Simply Wall St.]
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▶ Nominations Open for 2019 Red Hat Innovation Awards   [Oct-01-18 09:00AM  Business Wire]
▶ Red Hat's Bulls Should Return Soon   [Sep-24-18 12:45PM  TheStreet.com]
▶ Company News For Sep 21, 2018   [10:02AM  Zacks]
▶ What Happened in the Stock Market Today   [Sep-20-18 05:00PM  Motley Fool]
▶ Red Hat stock dips after latest earnings report   [11:15AM  American City Business Journals]
▶ Red Hat Earnings: 6 Things to Know About Q2   [05:48PM  InvestorPlace]
▶ Red Hat: Fiscal 2Q Earnings Snapshot   [04:39PM  Associated Press]
▶ Red Hat Earnings: A Preview   [01:59PM  Benzinga]
▶ Upcoming Tech Earnings to Watch: ORCL, RHT, MU   [Sep-14-18 02:09PM  Zacks]
▶ September Fundamental Stock Pick: Red Hat Inc (NYSE:RHT)   [Sep-12-18 11:07AM  Simply Wall St.]
▶ RANKED: Best Places To Work - Extra-Large Companies   [06:00AM  American City Business Journals]
▶ How to Trade Red Hat Stock Right Now   [Sep-04-18 10:50AM  TheStreet.com]
▶ Inside The List: Breakdown of size, location of NC's publicly traded companies   [Aug-17-18 01:32PM  American City Business Journals]
▶ Ansible exec talks growth 3 years after Red Hat buy   [Jul-18-18 11:36AM  American City Business Journals]
▶ Why Splunk Inc. Stock Fell 10.6% in June   [Jul-13-18 10:01PM  Motley Fool]
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▶ 3 Top Growth Stocks to Buy Right Now   [Jul-04-18 06:30PM  Motley Fool]
▶ Biz: How Red Hat's CEOs pay compares to his employees   [05:05AM  American City Business Journals]
▶ Time to Buy Microsoft Corporation Amid Tech Stock Rout?   [Jun-27-18 11:07PM  InvestorPlace]
▶ U.S. Tech Giants Are Taking a Hit From the Dollar's Rally   [Jun-26-18 05:23PM  TheStreet.com]
▶ Company News For Jun 25, 2018   [Jun-25-18 10:02AM  Zacks]
▶ Should You Buy Red Hat After Its Post-Earnings Plunge?   [Jun-24-18 02:00PM  Motley Fool]
▶ Is Red Hat Inc. Still Red Hot?   [Jun-22-18 08:17PM  Motley Fool]
▶ Red Hat CEO on earnings-led stock decline   [05:35PM  CNBC Videos]
▶ What Happened in the Stock Market Today   [05:15PM  Motley Fool]
▶ 5 Top Stock Trades for Monday Morning   [03:56PM  InvestorPlace]
▶ Why Red Hat, Inc. Shares Crashed Today   [02:49PM  Motley Fool]
▶ Analysts: What Red Hat's stock drop means   [12:45PM  American City Business Journals]

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