What Red Hat's Earnings Mean for Mutual Fund Investors (RHT)
Continue to site >
Trending ETFs

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.
Not interested

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

What Red Hat's Earnings Mean for Mutual Fund Investors (RHT)

Shauna O'Brien

|

Red Hat logo red and black
Technology company Red Hat (RHT) released its third quarter financial results on Thursday. Here’s what the results mean for mutual fund investors.

Inside the Results

Earnings

The company reported earnings of $48 million, or 26 cents per share. Adjusted income came in at 42 cents per share, above analysts’ estimate of 40 cents per share.

Revenue
Revenue rose 15% to $395 million. Analysts expected to see revenue of $451.39 million.

Good Headwinds in the Technology Space

The company has been benefiting from higher enterprise demand for its software used in data-centers. Its competitors, including Oracle (ORCL), have also been posting positive earnings. Although Red Hat has upside potential, it is still a very expensive stock from a valuation standpoint.

Mutual Funds to Watch

The mutual funds below may be a good option for investors seeking exposure to RHT. The three funds listed currently hold the largest stakes in the company.
Symbol Mutual Fund Stake
FDGRX Fidelity® Growth Company 3.51%
RPMGX T. Rowe Price Mid-Cap Growth 2.80%
PRGFX T. Rowe Price Growth Stock 2.28%

The Bottom Line

The funds listed above allow investors to gain exposure to a wide range of holdings. Investors interested in RHT may also be interested in Oracle (ORCL).

Shares of RHT are up 23% YTD.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Read Next

Red Hat logo red and black

What Red Hat's Earnings Mean for Mutual Fund Investors (RHT)

Shauna O'Brien

|

Technology company Red Hat (RHT) released its third quarter financial results on Thursday. Here’s what the results mean for mutual fund investors.

Inside the Results

Earnings

The company reported earnings of $48 million, or 26 cents per share. Adjusted income came in at 42 cents per share, above analysts’ estimate of 40 cents per share.

Revenue
Revenue rose 15% to $395 million. Analysts expected to see revenue of $451.39 million.

Good Headwinds in the Technology Space

The company has been benefiting from higher enterprise demand for its software used in data-centers. Its competitors, including Oracle (ORCL), have also been posting positive earnings. Although Red Hat has upside potential, it is still a very expensive stock from a valuation standpoint.

Mutual Funds to Watch

The mutual funds below may be a good option for investors seeking exposure to RHT. The three funds listed currently hold the largest stakes in the company.
Symbol Mutual Fund Stake
FDGRX Fidelity® Growth Company 3.51%
RPMGX T. Rowe Price Mid-Cap Growth 2.80%
PRGFX T. Rowe Price Growth Stock 2.28%

The Bottom Line

The funds listed above allow investors to gain exposure to a wide range of holdings. Investors interested in RHT may also be interested in Oracle (ORCL).

Shares of RHT are up 23% YTD.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Read Next

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.