Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
RED HAT INCO. (US), a company active in the Software industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 1 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date June 21, 2019, the closing price was USD 187.5...
Red Hat has become the face of the open-source software movement, championing the adoption of Linux as the premier server operating system. It can innovate much more quickly than traditional software companies while maintaining manageable research and development spending by leveraging a vast community of developers that refine the free software that Red Hat bundles with its valuable service and support program. Red Hat is using the open-source model to expand in the data center, but the rise of...
Red Hat reported healthy first-quarter earnings, with subscription revenue growth in the midteens--though at a decelerating pace year over year. We’ve raised our fair value estimate for the stock to $190 per share from $182 after accounting for the time value of money and anticipation that the firm’s acquisition by IBM will be approved. The IBM deal could close at any time--especially as the European Union is expected to approve the deal by the end of June. With shares trading at $188 per sh...
Red Hat reported healthy first-quarter earnings, with subscription revenue growth in the midteens--though at a decelerating pace year over year. We’ve raised our fair value estimate for the stock to $190 per share from $182 after accounting for the time value of money and anticipation that the firm’s acquisition by IBM will be approved. The IBM deal could close at any time--especially as the European Union is expected to approve the deal by the end of June. With shares trading at $188 per sh...
Red Hat reported healthy first-quarter earnings, with subscription revenue growth in the midteens--though at a decelerating pace year over year. We’ve raised our fair value estimate for the stock to $190 per share from $182 after accounting for the time value of money and anticipation that the firm’s acquisition by IBM will be approved. The IBM deal could close at any time--especially as the European Union is expected to approve the deal by the end of June. With shares trading at $188 per sh...
RALEIGH, N.C.--(BUSINESS WIRE)-- Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced financial results for the first quarter of fiscal year 2020 ended May 31, 2019. “We continue to unlock the potential of developers and enterprises, enabling our customers to succeed in building next generation IT infrastructure and applications,” stated Jim Whitehurst, President and Chief Executive Officer of Red Hat. “Customer interest in Red Hat technologies is robust, evidenced by a record attendance of nearly 9,000 attendees at Red Hat Summit, our marquee use...
Red Hat has successfully become the face of the open-source software movement, championing the adoption of Linux as the premier server operating system, or OS. The firm can innovate much more quickly than traditional software companies, while maintaining manageable research and development spending by leveraging a vast community of developers that refine the free software that Red Hat bundles with its valuable service and support program. Red Hat is using the open-source model to expand in the d...
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...
RALEIGH, N.C.--(BUSINESS WIRE)-- Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, will release results of its first quarter in fiscal year 2020 on Thursday, June 20, 2019, after the market close. Results of the first quarter of fiscal year 2020 will be announced solely via press release after the market close on June 20, 2019. About Red Hat, Inc. Red Hat is the world’s leading provider of enterprise open source software solutions, using a community-powered approach to deliver...
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 t...
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 t...
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...
RALEIGH, N.C.--(BUSINESS WIRE)-- Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced financial results for the fourth quarter of fiscal year 2019 ended February 28, 2019. “Enterprise organizations are continuing to move to hybrid cloud environments, which is contributing to strong growth in Red Hat’s cloud enabling technologies,” stated Jim Whitehurst, President and Chief Executive Officer of Red Hat. “Across the portfolio, our total number of customers with active subscriptions g...
RALEIGH, N.C.--(BUSINESS WIRE)-- Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, will release results of its fourth quarter fiscal year 2019 on Monday, March 25, 2019, after the market close. Results of the fourth quarter fiscal year 2019 will be announced solely via press release after the market close on March 25, 2019. About Red Hat, Inc. Red Hat is the world’s leading provider of enterprise open source software solutions, using a community-powered approach to deliver ...
Red Hat’s third-quarter result largely followed its second-quarter performance with its infrastructure subscription business growing in the high-single digits, while its application subscription business grew roughly 30% in constant currency. With IBM set to acquire Red Hat in the second half of calendar 2019, Red Hat didn’t provide an updated outlook for fiscal 2019 or host a conference call. Given the pending transaction, we maintain our $173 fair value estimate for Red Hat which includes ...
Red Hat’s third-quarter result largely followed its second-quarter performance with its infrastructure subscription business growing in the high-single digits, while its application subscription business grew roughly 30% in constant currency. With IBM set to acquire Red Hat in the second half of calendar 2019, Red Hat didn’t provide an updated outlook for fiscal 2019 or host a conference call. Given the pending transaction, we maintain our $173 fair value estimate for Red Hat which includes ...
Red Hat’s third-quarter result largely followed its second-quarter performance with its infrastructure subscription business growing in the high-single digits, while its application subscription business grew roughly 30% in constant currency. With IBM set to acquire Red Hat in the second half of calendar 2019, Red Hat didn’t provide an updated outlook for fiscal 2019 or host a conference call. Given the pending transaction, we maintain our $173 fair value estimate for Red Hat which includes ...
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