Full Answer
What is Red Hat's stock price and how much does it make?
Red Hat trades on the New York Stock Exchange (NYSE) under the ticker symbol "RHT." How much money does Red Hat make? Red Hat has a market capitalization of $0.00 and generates $3.36 billion in revenue each year. The open-source software company earns $433.99 million in net income (profit) each year or $2.79 on an earnings per share basis.
Is Red Hat stock overvalued or undervalued?
The P/E ratio of Red Hat is 67.28, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 71.87. Red Hat has a PEG Ratio of 3.98. PEG Ratios above 1 indicate that a company could be overvalued.
Why did the stock market crash in 2000?
Another probable reason for the 2000 stock market crash was the overvaluation of the stocks and the dot-com bubble burst. Even the companies that had absolutely no hope of earning profits and were consistently losing money had a market capitalization of more than a billion dollar. The stock trading was going on the P/E basis.
What are Wall Street's price targets for Red Hat's stock?
10 Wall Street analysts have issued 12-month price objectives for Red Hat's shares. Their predictions range from $188.30 to $190.00. On average, they expect Red Hat's share price to reach $189.81 in the next year. View Analyst Price Targets for Red Hat.
How many companies have dropped 20 percent of their market cap in one day?
It's in fashion. In fact, 47 companies on the S&P 500 have dropped 20 percent or more - at least a fifth -- of their market capitalization in just one day. Of those, 14 have dropped more than a third of their market cap in a trading session.
How much did Lucent lose in January?
Lucent Technologies � ( LU: Research, Estimates) set the tone in the first week of January when an earnings warning caused it to shed $48 billion, or 22 percent of its market capitalization, in a day. (It warned again on earnings after the market closed Tuesday, and lost $34 billion).
When did chip maker's value evaporate?
In all, $91 billion of the chip maker's worth evaporated on September 22, when it announced weak demand in Europe would cause third-quarter revenue to disappoint. Research company Baseline generated the numbers for this story.
Did Eli Lilly lose patent protection?
Eli Lilly lost patent protection sooner than expected for its antidepressant, Prozac, then saw a raft of earnings' and analysts' downgrades. But it keeps happening. "There have been a lot of high-profile companies taking a lot of extraordinary drops," Johnson said.
What was the value of the NASDAQ in 2000?
By March 30, the NASDAQ was valued at $6.02 trillion. On April 6, 2000, it was $5.78 trillion .
How many points did the NASDAQ increase in 1995?
The value of the NASDAQ, home to many of the biggest tech stocks, grew from around 1,000 points in 1995 to more than 5,000 in 2000. Companies were going to market with IPOs and fetching huge prices, with stocks sometimes doubling on the first day.
What is the difference between the 2000 bubble and today's economy?
Entrepreneur and Dallas Mavericks owner Mark Cuban thinks so, arguing recently on his blog that the difference between the 2000 bubble and today’s economy is that today’s bubble isn’t really about the stock market. It also includes private “angel” investments, which can’t just be sold off like stocks.
Why did the stock market crash in 2000?
As already mentioned one supposed reason for the stock market crash of 2000 was the advent of the internet and online trading in such a huge number. To see that just about anyone doesn’t jump into stock trading a rule was formed for these Daytraders. Going by these rules, an individual had to have a minimum of $25000 to their name in any bank account. That would ensure that the person is not insolvent. Other than this very basic rule, lots of other rules were laid which could restrict the previous marketing methods which led to losses.
What was the biggest stock market crash in the history of the world?
The stock market crash of 2000 is regarded as one of the biggest crashes in the history of stock trading, the others being in the year 1987 and 1929. All these years the markets incurred heavy losses and the reforms were introduced to once again stabilize the market and restore the losses.
Why do research firms lose money?
Their trial and error methods of trading lead to losses in the stock trading market. Another supposed reason is that the research firms had a conflict of interest. The investment bankers had the research firms put not so honest ratings on the stocks, thus leading to an overall loss of wealth in the market.
The open-source software veteran beat the Street's first-quarter estimates and raised its full-year guidance targets, but the overheated stock got a haircut anyway
Anders Bylund is a Foolish Technology and Entertainment Specialist. Where the two markets intersect, you'll find his wheelhouse. He has been an official Fool since 2006 but a jester all his life.
What happened
Shares of Red Hat ( NYSE:RHT) crashed on Friday, following Thursday night's release of the open-source software vendor's first-quarter results. The stock opened Friday's trading session 14.6% lower, recovered to a 10.1% decline near 11:20 a.m. EDT, and was trading at a 12.5% negative return near 2:30 p.m. EDT.
So what
Red Hat's first-quarter sales rose 20% year over year to land at $814 million. Earnings increased by 24%, stopping at $0.72 per diluted share. Your average Wall Street analyst would have settled for earnings near $0.69 per share on revenues of roughly $807 million.
Now what
This stock had been on a roll, making it more vulnerable to quick market corrections. Coming in to this report, Red Hat shares had gained 68% over the previous 52 weeks. After the sharp sell-off, we Red Hat investors have still enjoyed market-beating one-year gains of 47%.
How were Red Hat's earnings last quarter?
Red Hat Inc (NYSE:RHT) issued its quarterly earnings results on Thursday, June, 20th. The open-source software company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.14. The open-source software company had revenue of $934.10 million for the quarter, compared to analysts' expectations of $931.58 million.
Who are some of Red Hat's key competitors?
Some companies that are related to Red Hat include Microsoft (MSFT), Oracle (ORCL), ServiceNow (NOW), VMware (VMW), Fortinet (FTNT), Axon Enterprise (AXON), Qualys (QLYS), Commvault Systems (CVLT), C3.ai (AI), Progress Software (PRGS) and FalconStor Software (FALC). View all of RHT's competitors.
What other stocks do shareholders of Red Hat own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Red Hat investors own include Alibaba Group (BABA), NVIDIA (NVDA), salesforce.com (CRM), Netflix (NFLX), Adobe (ADBE), Intel (INTC), Micron Technology (MU), Broadcom (AVGO), Tesla (TSLA) and Visa (V).
What is Red Hat's stock symbol?
Red Hat trades on the New York Stock Exchange (NYSE) under the ticker symbol "RHT."
How much money does Red Hat make?
Red Hat has a market capitalization of $0.00 and generates $3.36 billion in revenue each year. The open-source software company earns $433.99 million in net income (profit) each year or $2.79 on an earnings per share basis.
How can I contact Red Hat?
Red Hat's mailing address is 100 EAST DAVIE STREET, RALEIGH NC, 27601. The open-source software company can be reached via phone at 919-754-3700 or via email at [email protected].
What happened to the stock market after the 1929 crash?
After the crash, the stock market mounted a slow comeback. By the summer of 1930, the market was up 30% from the crash low. But by July 1932, the stock market hit a low that made the 1929 crash. By the summer of 1932, the Dow had lost almost 89% of its value and traded more than 50% below the low it had reached on October 29, 1929.
How much wealth was lost in the 1929 stock market crash?
The Crash of 1929. In total, 14 billion dollars of wealth were lost during the market crash. On September 4, 1929, the stock market hit an all-time high. Banks were heavily invested in stocks, and individual investors borrowed on margin to invest in stocks.
How much wealth was lost in the 2000 crash?
The Crash of 2000. A total of 8 trillion dollars of wealth was lost in the crash of 2000. From 1992-2000, the markets and the economy experienced a period of record expansion. On September 1, 2000, the NASDAQ traded at 4234.33. From September 2000 to January 2, 2001, the NASDAQ dropped 45.9%.
How much did the Dow drop in 1987?
On October 19, 1987, the stock market crashed. The Dow dropped 508 points or 22.6% in a single trading day. This was a drop of 36.7% from its high on August 25, 1987.
Why did large institutional investment companies use computers?
Large institutional investment companies used computers to execute large stock trades automatically when certain market conditions prevailed. Some analysts claim that the program trading of index futures and derivatives securities was also to blame.
What is a stock crash?
Stock Market Crash is a strong price decline across majority of stocks on the market which results in the strong decline over short period on the major market indexes (NYSE Composite, Nasdaq Composite DJIA and S&P 500).
Why are stocks bearish?
Those of the public who still hold these stocks are potentially bearish factors because, having bought, they must sooner or later sell, and their selling will bring pressure upon the market. This was the case in 1929. The whole market became saturated with stocks held by those who were looking for profit.
What was the stock market's peak in 2000?
The International Monetary Fund had expressed concern about instability in United States stock markets in the months leading up to the sharp downturn. The technology-heavy NASDAQ stock market peaked on March 10, 2000, hitting an intra-day high of 5,132.52 and closing at 5,048.62.
How much did the NASDAQ lose in 2002?
The NASDAQ subsequently lost nearly 80% and the S&P 500 lost 50% to reach the October 2002 lows. The total market value of NYSE (7.2) and NASDAQ (1.8) companies at that time was only $9 trillion, for an overall market loss of $9.3 trillion.
How much did the Dow Jones lose in 2002?
As of September 24, 2002, the Dow Jones Industrial Average had lost 27% of the value it held on January 1, 2001: a total loss of 5 trillion dollars. The Dow Jones had already lost 9% of its peak value at the start of 2001, while the Nasdaq had lost 44%. At the March 2000 top, the sum in valuation of all NYSE -listed companies stood at $12.9 trillion, and the valuation sum of all NASDAQ -listed companies stood at $5.4 trillion, for a total market value of $18.3 trillion. The NASDAQ subsequently lost nearly 80% and the S&P 500 lost 50% to reach the October 2002 lows. The total market value of NYSE (7.2) and NASDAQ (1.8) companies at that time was only $9 trillion, for an overall market loss of $9.3 trillion.
When did the Dow drop to 9000?
After that, the Dow dropped to a four-year low on September 24, 2002, while the NASDAQ reached a 6-year low.
When did the Dow Jones Industrial Average peak?
The Dow Jones Industrial Average, a price-weighted average (adjusted for splits and dividends) of 30 large companies on the New York Stock Exchange, peaked on January 14, 2000 with an intra-day high of 11,750.28 and a closing price of 11,722.98.
What are some examples of internet companies going bankrupt?
The collapse of Enron is a prime example. Many internet companies ( Webvan, Exodus Communications, and Pets.com) went bankrupt. Others ( Amazon.com, eBay, and Yahoo!) went down dramatically in value, but remain in business to this day and have generally good long-term growth prospects.
