Red Hat Boasts Strong Cross-Selling in Year’s End; Raising FVE to $182
Red Hat reported strong fourth-quarter results in its likely last fiscal end before the IBM acquisition. Now that the acquisition should close in roughly half a year, we are raising our fair value estimate to $182 from $173 due to a time value money adjustment for this narrow-moat name. With shares trading at our fair value estimate, we recommend refraining from purchasing shares in the acquisition target for the time being.In the fourth quarter, total revenue increased by 14% year over year to...
Red Hat is a provider of open source software solutions, using a community-powered approach to develop and provide operating system, virtualization, management, middleware, cloud, mobile and storage technologies. The company provides its software offerings primarily under annual or multi-year subscriptions as well as on-demand through its certified cloud and service providers. The company's products and services include: Infrastructure-related offerings, which consist of Red Hat Enterprise, Red Hat Satellite, and Red Hat Virtualization; and Application Development-related and Other Emerging Technology Offerings, which consist of Red Hat JBoss Middleware, and Other Emerging Technologies.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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