Red Hat Inc (NYSE:RHT), is a global provider of open source software solutions, has optimistic views form Wall Street that the firm is scheduled to release its Q3 results on Thursday, December 19, 2013. Analysts anticipated a profit of 24 cents per share, a surge from 20 cents a share a year before.
If we consult to analysts, then there are predicting earnings of 96 cents a share for the fiscal year. Revenue is anticipated to conceal the year-earlier total of $343.6M by 11 percent, finishing at $383.1M for the quarter. The revenue is anticipated to come in at $1.52B for the year.
The revenue increased 15 percent on average year-over-year over the previous four quarters. The largest surge came in the Q3, at what time revenue moved up 18 percent from the year-before quarter.
The firm has seen its profits surge in each of the last three quarters. In the latest quarter, net income surged by 17 percent from the year-earlier period. Net income moved up 8 percent in the quarter before that, and 19 percent in the Q4.
The 62% of analysts rate Red Hat as a buy. This evaluates favorably to the analyst ratings of eight comparable companies, which average 48% buys.
Red Hat Inc (NYSE:RHT) stock in last session held volume of 1.99 million shares as compare to its average volume of 1.78 million shares. The stock after opening at $48.20 hit high price of $48.94 and then closed at $48.91 by scoring +1.43%.
As the revenue measures RHT generated revenue of 1.43 billion in the following twelve months income of $158.90 million. The Company showed a positive 11.10% in the net profit margin and in addition to in its operating margin which remained 15.00%. Company’s annual sales growth for the past five year was 20.50%.
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