Intrinsic value of Red Hat - RHT

Previous Close

$146.20

  Intrinsic Value

$67.90

stock screener

  Rating & Target

str. sell

-54%

Previous close

$146.20

 
Intrinsic value

$67.90

 
Up/down potential

-54%

 
Rating

str. sell

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 2017), $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 26.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  17.50
  16.25
  15.13
  14.11
  13.20
  12.38
  11.64
  10.98
  10.38
  9.84
  9.36
  8.92
  8.53
  8.18
  7.86
  7.57
  7.32
  7.08
  6.88
  6.69
  6.52
  6.37
  6.23
  6.11
  6.00
  5.90
  5.81
  5.73
  5.65
  5.59
Revenue, $m
  2,834
  3,295
  3,793
  4,328
  4,900
  5,506
  6,147
  6,822
  7,530
  8,272
  9,046
  9,853
  10,693
  11,568
  12,477
  13,422
  14,404
  15,424
  16,485
  17,588
  18,734
  19,927
  21,169
  22,462
  23,809
  25,213
  26,677
  28,205
  29,800
  31,465
Variable operating expenses, $m
  2,417
  2,790
  3,194
  3,629
  4,092
  4,584
  5,104
  5,652
  6,226
  6,827
  7,338
  7,992
  8,674
  9,383
  10,121
  10,887
  11,684
  12,512
  13,372
  14,266
  15,196
  16,164
  17,171
  18,220
  19,313
  20,452
  21,640
  22,879
  24,172
  25,523
Fixed operating expenses, $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 operating expenses, $m
  2,417
  2,790
  3,194
  3,629
  4,092
  4,584
  5,104
  5,652
  6,226
  6,827
  7,338
  7,992
  8,674
  9,383
  10,121
  10,887
  11,684
  12,512
  13,372
  14,266
  15,196
  16,164
  17,171
  18,220
  19,313
  20,452
  21,640
  22,879
  24,172
  25,523
Operating income, $m
  417
  504
  598
  700
  807
  922
  1,043
  1,171
  1,304
  1,444
  1,708
  1,861
  2,019
  2,184
  2,356
  2,535
  2,720
  2,913
  3,113
  3,321
  3,538
  3,763
  3,998
  4,242
  4,496
  4,761
  5,038
  5,326
  5,627
  5,942
EBITDA, $m
  694
  807
  929
  1,060
  1,200
  1,349
  1,506
  1,671
  1,845
  2,026
  2,216
  2,413
  2,619
  2,833
  3,056
  3,288
  3,528
  3,778
  4,038
  4,308
  4,589
  4,881
  5,185
  5,502
  5,832
  6,176
  6,534
  6,909
  7,299
  7,707
Interest expense (income), $m
  2
  40
  71
  105
  142
  181
  223
  268
  315
  365
  417
  471
  528
  588
  650
  714
  781
  850
  923
  998
  1,076
  1,157
  1,241
  1,329
  1,421
  1,516
  1,615
  1,718
  1,826
  1,938
  2,056
Earnings before tax, $m
  377
  433
  493
  558
  626
  699
  775
  855
  939
  1,027
  1,237
  1,332
  1,432
  1,535
  1,642
  1,754
  1,870
  1,990
  2,115
  2,245
  2,381
  2,522
  2,668
  2,821
  2,980
  3,146
  3,320
  3,500
  3,689
  3,886
Tax expense, $m
  102
  117
  133
  151
  169
  189
  209
  231
  254
  277
  334
  360
  387
  414
  443
  473
  505
  537
  571
  606
  643
  681
  720
  762
  805
  850
  896
  945
  996
  1,049
Net income, $m
  275
  316
  360
  407
  457
  510
  566
  624
  686
  750
  903
  973
  1,045
  1,120
  1,199
  1,280
  1,365
  1,453
  1,544
  1,639
  1,738
  1,841
  1,948
  2,059
  2,176
  2,297
  2,423
  2,555
  2,693
  2,837

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
  5,327
  6,193
  7,130
  8,136
  9,210
  10,350
  11,555
  12,824
  14,155
  15,548
  17,003
  18,520
  20,100
  21,744
  23,453
  25,229
  27,075
  28,993
  30,987
  33,059
  35,215
  37,457
  39,791
  42,221
  44,754
  47,393
  50,145
  53,017
  56,015
  59,145
Adjusted assets (=assets-cash), $m
  5,327
  6,193
  7,130
  8,136
  9,210
  10,350
  11,555
  12,824
  14,155
  15,548
  17,003
  18,520
  20,100
  21,744
  23,453
  25,229
  27,075
  28,993
  30,987
  33,059
  35,215
  37,457
  39,791
  42,221
  44,754
  47,393
  50,145
  53,017
  56,015
  59,145
Revenue / Adjusted assets
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
  0.532
Average production assets, $m
  1,590
  1,848
  2,128
  2,428
  2,749
  3,089
  3,449
  3,827
  4,225
  4,640
  5,075
  5,527
  5,999
  6,490
  7,000
  7,530
  8,081
  8,653
  9,248
  9,867
  10,510
  11,179
  11,876
  12,601
  13,357
  14,144
  14,966
  15,823
  16,718
  17,652
Working capital, $m
  -442
  -514
  -592
  -675
  -764
  -859
  -959
  -1,064
  -1,175
  -1,290
  -1,411
  -1,537
  -1,668
  -1,805
  -1,946
  -2,094
  -2,247
  -2,406
  -2,572
  -2,744
  -2,923
  -3,109
  -3,302
  -3,504
  -3,714
  -3,933
  -4,162
  -4,400
  -4,649
  -4,909
Total debt, $m
  1,320
  1,947
  2,626
  3,356
  4,135
  4,961
  5,835
  6,755
  7,720
  8,730
  9,785
  10,885
  12,030
  13,222
  14,461
  15,749
  17,087
  18,478
  19,923
  21,425
  22,988
  24,614
  26,306
  28,068
  29,904
  31,817
  33,813
  35,895
  38,068
  40,338
Total liabilities, $m
  3,862
  4,490
  5,169
  5,898
  6,677
  7,504
  8,377
  9,297
  10,262
  11,272
  12,327
  13,427
  14,573
  15,764
  17,003
  18,291
  19,629
  21,020
  22,465
  23,968
  25,531
  27,156
  28,849
  30,611
  32,446
  34,360
  36,355
  38,437
  40,611
  42,880
Total equity, $m
  1,465
  1,703
  1,961
  2,237
  2,533
  2,846
  3,178
  3,527
  3,893
  4,276
  4,676
  5,093
  5,528
  5,980
  6,450
  6,938
  7,446
  7,973
  8,521
  9,091
  9,684
  10,301
  10,943
  11,611
  12,307
  13,033
  13,790
  14,580
  15,404
  16,265
Total liabilities and equity, $m
  5,327
  6,193
  7,130
  8,135
  9,210
  10,350
  11,555
  12,824
  14,155
  15,548
  17,003
  18,520
  20,101
  21,744
  23,453
  25,229
  27,075
  28,993
  30,986
  33,059
  35,215
  37,457
  39,792
  42,222
  44,753
  47,393
  50,145
  53,017
  56,015
  59,145
Debt-to-equity ratio
  0.900
  1.140
  1.340
  1.500
  1.630
  1.740
  1.840
  1.920
  1.980
  2.040
  2.090
  2.140
  2.180
  2.210
  2.240
  2.270
  2.290
  2.320
  2.340
  2.360
  2.370
  2.390
  2.400
  2.420
  2.430
  2.440
  2.450
  2.460
  2.470
  2.480
Adjusted equity ratio
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  275
  316
  360
  407
  457
  510
  566
  624
  686
  750
  903
  973
  1,045
  1,120
  1,199
  1,280
  1,365
  1,453
  1,544
  1,639
  1,738
  1,841
  1,948
  2,059
  2,176
  2,297
  2,423
  2,555
  2,693
  2,837
Depreciation, amort., depletion, $m
  277
  303
  331
  361
  393
  427
  463
  501
  540
  582
  507
  553
  600
  649
  700
  753
  808
  865
  925
  987
  1,051
  1,118
  1,188
  1,260
  1,336
  1,414
  1,497
  1,582
  1,672
  1,765
Funds from operations, $m
  552
  619
  691
  768
  850
  937
  1,029
  1,125
  1,226
  1,332
  1,410
  1,525
  1,645
  1,769
  1,899
  2,033
  2,173
  2,318
  2,469
  2,626
  2,789
  2,959
  3,135
  3,320
  3,511
  3,711
  3,920
  4,138
  4,365
  4,602
Change in working capital, $m
  -66
  -72
  -78
  -84
  -89
  -95
  -100
  -105
  -110
  -116
  -121
  -126
  -131
  -136
  -142
  -147
  -153
  -159
  -165
  -172
  -179
  -186
  -194
  -202
  -210
  -219
  -228
  -238
  -249
  -260
Cash from operations, $m
  618
  691
  768
  851
  939
  1,031
  1,129
  1,230
  1,337
  1,447
  1,531
  1,651
  1,776
  1,906
  2,041
  2,181
  2,326
  2,477
  2,634
  2,798
  2,968
  3,145
  3,329
  3,521
  3,721
  3,930
  4,148
  4,376
  4,614
  4,862
Maintenance CAPEX, $m
  -135
  -159
  -185
  -213
  -243
  -275
  -309
  -345
  -383
  -422
  -464
  -507
  -553
  -600
  -649
  -700
  -753
  -808
  -865
  -925
  -987
  -1,051
  -1,118
  -1,188
  -1,260
  -1,336
  -1,414
  -1,497
  -1,582
  -1,672
New CAPEX, $m
  -236
  -258
  -280
  -300
  -321
  -340
  -360
  -379
  -397
  -416
  -434
  -453
  -472
  -491
  -510
  -530
  -551
  -572
  -595
  -619
  -643
  -669
  -697
  -725
  -756
  -788
  -821
  -857
  -895
  -934
Cash from investing activities, $m
  -371
  -417
  -465
  -513
  -564
  -615
  -669
  -724
  -780
  -838
  -898
  -960
  -1,025
  -1,091
  -1,159
  -1,230
  -1,304
  -1,380
  -1,460
  -1,544
  -1,630
  -1,720
  -1,815
  -1,913
  -2,016
  -2,124
  -2,235
  -2,354
  -2,477
  -2,606
Free cash flow, $m
  247
  273
  304
  338
  376
  416
  460
  507
  557
  609
  633
  691
  752
  815
  882
  951
  1,022
  1,097
  1,174
  1,254
  1,338
  1,425
  1,515
  1,608
  1,706
  1,807
  1,912
  2,022
  2,137
  2,256
Issuance/(repayment) of debt, $m
  574
  628
  679
  729
  779
  827
  874
  920
  965
  1,010
  1,055
  1,100
  1,145
  1,192
  1,239
  1,288
  1,338
  1,391
  1,445
  1,503
  1,563
  1,626
  1,692
  1,762
  1,836
  1,913
  1,995
  2,082
  2,173
  2,270
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  
  574
  628
  679
  729
  779
  827
  874
  920
  965
  1,010
  1,055
  1,100
  1,145
  1,192
  1,239
  1,288
  1,338
  1,391
  1,445
  1,503
  1,563
  1,626
  1,692
  1,762
  1,836
  1,913
  1,995
  2,082
  2,173
  2,270
Total cash flow (excl. dividends), $m
  821
  901
  983
  1,068
  1,154
  1,243
  1,334
  1,427
  1,522
  1,619
  1,688
  1,791
  1,897
  2,007
  2,121
  2,238
  2,360
  2,487
  2,619
  2,757
  2,901
  3,050
  3,207
  3,370
  3,541
  3,720
  3,908
  4,104
  4,310
  4,525
Retained Cash Flow (-), $m
  -218
  -238
  -258
  -277
  -295
  -314
  -331
  -349
  -366
  -383
  -400
  -417
  -434
  -452
  -470
  -488
  -508
  -527
  -548
  -570
  -593
  -617
  -642
  -668
  -696
  -726
  -757
  -790
  -824
  -861
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
  193
  227
  264
  303
  346
  392
  440
  492
  546
  602
  662
  724
  788
  855
  925
  998
  1,074
  1,152
  1,234
  1,319
  1,407
  1,499
  1,594
  1,694
  1,797
  1,905
  2,017
  2,134
  2,256
  2,384
Cash available for distribution, $m
  603
  663
  726
  791
  859
  929
  1,002
  1,078
  1,156
  1,236
  1,288
  1,374
  1,463
  1,555
  1,651
  1,750
  1,853
  1,960
  2,071
  2,187
  2,308
  2,434
  2,565
  2,702
  2,845
  2,995
  3,151
  3,314
  3,486
  3,665
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
  578
  607
  631
  651
  666
  674
  677
  674
  664
  648
  611
  586
  556
  522
  485
  445
  403
  361
  319
  278
  239
  202
  168
  138
  111
  87
  68
  51
  38
  28
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 101.8
Price to Sales 10.7
Price to Book 20.7
Price to Tangible Book
Price to Cash Flow 33
Price to Free Cash Flow 36.8
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 $2412 million for the last fiscal year's total revenue generated by Red Hat. The default revenue input number comes from 2017 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 17.5% 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 86%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 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 8%.

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 56.1%.

Life of production assets of 10 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 -15.6%. 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 - $1247 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 180 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 $26.3 billion.

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COMPANY NEWS

▶ Ansible exec talks growth 3 years after Red Hat buy   [Jul-18-18 11:36AM  American City Business Journals]
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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]
▶ Red Hat stock falls following earnings report   [07:35AM  American City Business Journals]
▶ Red Hat shares plunge 10% on weak outlook   [04:33PM  MarketWatch]
▶ Red Hat: Fiscal 1Q Earnings Snapshot   [04:29PM  Associated Press]
▶ Red Hat slides on low guidance   [04:27PM  CNBC]
▶ Red Hat, Inc. to Host Earnings Call   [12:00PM  ACCESSWIRE]
▶ Should You Buy Red Hat Inc (NYSE:RHT)?   [07:02AM  Simply Wall St.]
▶ Red Hat Downgraded, Cloud Computing Growth May Hit Legacy Software   [Jun-19-18 04:12PM  Investor's Business Daily]
▶ Red Hat to expand in downtown Raleigh   [12:39PM  American City Business Journals]
▶ OPEC meeting What you need to know for the week ahead   [Jun-17-18 11:12AM  Yahoo Finance]
▶ Upcoming Tech Earnings to Watch: ORCL, MU, RHT   [Jun-15-18 11:00AM  Zacks]
▶ How Red Hat Morphed From Linux Pioneer Into Cloud-Computing Player   [Jun-11-18 09:15AM  Investor's Business Daily]
▶ 3 Growth Stocks for Forward-Looking Investors   [Jun-09-18 10:23AM  Motley Fool]
▶ How Red Hat Morphed From Linux Pioneer Into Cloud-Computing Player   [Jun-07-18 08:00AM  Investor's Business Daily]
▶ A Tip of the Cap to the Bullish Red Hat   [May-07-18 04:21PM  TheStreet.com]
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