Tag Archives: rht

Red Hat Not Expected To Launch Another Buying Binge

Red Hat’s (RHT) coming capital infusion doesn’t necessarily mean the company will go on a buying binge. The enterprise software company on Tuesday said it plans to offer $700 million in senior convertible debt. It says $400 million will be used to repurchase Red Hat stock. The rest will be used for working capital and general corporate purposes, which it says could include acquisitions or strategic transactions. The company also said it will offer

Red Hat Down As Revenue Forecast, Billings Growth Lag

Red Hat (RHT) stock tumbled Friday after the No. 1 provider of Linux software and services disappointed with its billings growth and revenue outlook. Red Hat stock was down more than 5% in afternoon trading in the stock market today, near 57.50. Earlier, shares fell as much as 8% to a two-month low. The company reported its quarterly earnings late Thursday, at the same time Oracle reported lackluster earnings . Red Hat is the leading provider of

Video: Red Hat’s FeedHenry Buy Lifts Mobile Business

Red Hat on Thursday announced an acquisition to boost its mobile business. Red Hat (RHT), the leading provider of Linux-based open-source software, reached an agreement to acquire FeedHenry, a developer of enterprise mobile application platforms, for $81.8 million. The deal is expected to close in about a year. Red Hat stock slipped a fraction in early trading in the stock market today, but it’s up 9% this year. Red Hat has fueled much of its