Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Thanks for the update. She is missed as a person and the board is not even close to being the same without her.
okay everyone. No RHAT purchases. Shorting is okay. :)
The shares rose lately by $3.98, trading at $20.48, after Red Hat reported late Wednesday a net profit of $16.7 million, or 9 cents a share, up 49% from $11.8 million, or 6 cents, in the year-ago second quarter.
Revenue generated by the Raleigh, N.C.-based open-source software company (RHAT: news, chart, profile) rose 42% for the three months ended Aug. 31 to $65.7 million, up from $46.3 million last year.
The results topped the average estimates of analysts polled by Thomson First Call, who had expected Red Hat to earn 7 cents a share on revenue of $65 million.
On a conference call to discuss the results, Chief Executive Matthew Szulik said greater corporate acceptance of Linux was driving Red Hat's growth. The company reported subscription and service revenue of $53.7 million, up from $33.9 million a year ago.
In the wake of the quarterly report, analysts at UBS and Sun Trust Robinson Humphrey raised their respective ratings on the stock to buy from neutral.
Looking ahead, Red Hat expects to report a third-quarter profit of 9 cents to 10 cents a share on revenue between $70.5 million and $71.5 million, as opposed to analysts' estimates of 8 cents a share on revenue of $69.4 million.
Red Hat also narrowed its full-year revenue forecast to between $270 million and $275 million from a range of $265 million to $275 million previously.
Rex Crum is a reporter for MarketWatch in San Francisco.
SPONSORED LINKS Get listed here
Get Ken Fisher's Stock Market Outlook
Fisher Investments CEO Ken Fisher is a widely respected market forecaster and renowned innovator of investment theory. Click here to download his private investment report!
http://www.fi.com
Invest in Biotech Stocks
The time is right for biotech investing as healthcare spending is set to double over the next 10 years. Three biotech stocks to buy now. Profit from the coming biotech boom!
http://www.biotech-investments.com
Earn Miles or Points From Your Home
CitiMortgage, Chase Home Finance, Washington Mutual home loans, Wachovia, and participating local real estate agents.
http://www.awardsformortgageandrealestate.com
Build a Stronger Portfolio
Top performing portfolios through innovative investment technology. Portfolio, email trade alerts and research plus website. Open an account or trade on your own with Clear Asset Management.
http://www.clearassetmanagement.com
Free Trial Forex Account
Online currency trading commission-free. Learn how to trade with technical Forex analysis. Quotes and free Forex news.
http://www.ac-markets.com
oops. Should edit before posting. Left out the meat.
Red Hat surges on upbeat earnings
Subscription revenue drives 49% quarterly profit growth
By Rex Crum, MarketWatch
Last Update: 10:43 AM ET Sept. 29, 2005
E-mail it | Print | Alert | Reprint |
SAN FRANCISCO (MarketWatch) -- Red Hat Inc. shares climbed as much as 24% Thursday after the Linux software distributor reported a second-quarter profit that grew sharply as a result of a surge in corporate subscribers.
TRADING CENTER
INFORMATION FOR RHAT:
Create an alert for RHAT
Add RHAT to my portfolio
More cool charts on RHAT
Discuss RHAT
NEWS FOR RHAT
Highlights of rising and falling U.S. stocks
Tech stocks take cue from Red Hat and rise
Red Hat's shares surge on upbeat second-quarter results
More news for RHAT
Quote & News Charts Financials Analysts Options SEC Filings
TRACK THESE TOPICS
My Portfolio Alerts
Company: Red Hat Inc Add
Create
Get breaking news sent directly to your in-box
Create a Portfolio | Create an Alert
The shares rose lately by $3.98, trading at $20.48, after Red Hat reported late Wednesday a net profit of $16.7 million, or 9 cents a share, up 49% from $11.8 million, or 6 cents, in the year-ago second quarter.
Revenue generated by the Raleigh, N.C.-based open-source software company (RHAT: news, chart, profile) rose 42% for the three months ended Aug. 31 to $65.7 million, up from $46.3 million last year.
The results topped the average estimates of analysts polled by Thomson First Call, who had expected Red Hat to earn 7 cents a share on revenue of $65 million.
On a conference call to discuss the results, Chief Executive Matthew Szulik said greater corporate acceptance of Linux was driving Red Hat's growth. The company reported subscription and service revenue of $53.7 million, up from $33.9 million a year ago.
In the wake of the quarterly report, analysts at UBS and Sun Trust Robinson Humphrey raised their respective ratings on the stock to buy from neutral.
Looking ahead, Red Hat expects to report a third-quarter profit of 9 cents to 10 cents a share on revenue between $70.5 million and $71.5 million, as opposed to analysts' estimates of 8 cents a share on revenue of $69.4 million.
Red Hat also narrowed its full-year revenue forecast to between $270 million and $275 million from a range of $265 million to $275 million previously.
RHAT wow big gap up, has moved up steadily all day and is at the high of the day. New 52 wk high.
Great fundies and revenues. Pardon me while some homework is being done.
OMNI couldn't handle green.
TGC HOM CRTX ABP TXCO DEPO IIJI IDWK DESC MIPS BEXP HQSM WWBP FPP GTCB GNTA BBSE FPP DESC CBRX PLUG
All doing well today
CMT earned .38 last year and has .39 for 2 qtrs this year. Revenue increase average 30% this year and earnings up 300% in March and 46% in June. 5 mln float PE of 1o,
CMT people have played this today and it hasn't done anything. I think it is worth putting on a watch list for a while to see if it bases.
OMNI now green if you don't blink
HOM strong today. Just made a mini move.
Does that mean that she will come back full of energy, or does it mean she will come back drunk. Hope it isn't both.
You said it very well dt. You are a great spokesman for the board.
CRTX having a good day. Looks like it is getting some buying here.
I think she had better get off of her laughing ass and get her ass back to the board before someone takes it to the morgue. lol
It is obvious what ico brings to this board and it becomes even more apparent during her absents.
TGC I didn't get in. Smart eh? :)
ABIX Watching for a possible entry. Made .13 last year and has made .32 in the first two qtrs this year. Steady earnings increases of over 250% the last 4 qtrs and revs increased average over 20% during the same period. PE of 20, 1.71 mln shares pulling back on diminishing vol and at a support level. I just talked myself into taking a 1/4 position for now.
TASR Getting some action.
OMNI Entered a stop below 4.40.
TXCO already parabolic has been moving up without interruption all morning. Looks like it could dip here.
HOM add to first hour movers
FIRST HOUR MOVERS
IGC ROYL RNAI TXCO EWST CRTX MGN BEXP DESC GNLB HQSM WWBP GSCP ZENX CRTX ABP BEXP VYSI FLT
Worldwide Biotech & Pharmaceutical Obtains the China Patent Golden Medal For Its 'Intact Hepatitis C Virus (HCV) and Method for Culturing HCV in Vitro by Cell Culture'
Thursday August 25, 9:00 am ET
Marks the Highest Award Over the Past 10 Years in the Biomedical Sciences Industry in China
XI'AN, China, Aug. 25 /Xinhua-PRNewswire/ -- Worldwide Biotech & Pharmaceutical Company (OTC Bulletin Board: WWBP - News; ''WWBP'') has obtained the China Patent Golden Medal for ''the Intact Hepatitis C Virus (HCV) and Method for Culturing HCV in Vitro by Cell Culture.''
ADVERTISEMENT
The project ''The Intact Hepatitis C Virus (HCV) and Method for Culturing HCV in vitro by Cell Culture'' was awarded the Chinese Patent by China Patent Bureau on October 23rd, 2002. The patent was then awarded the prestigious China Patent Golden Medal (Chinese Patent No. 01124001.6) in the 8th China Patent Assessment organized by both General World Intellectual Property Organization (WIPO) and the China Patent Office. Importantly, this patent was recognized by the World Intellectual Property Organization (WIPO), issued as an outstanding Chinese Patented Invention, and was the highest award issued for achievements in the biomedical sciences industry over the past 10 years in China.
''We are highly encouraged with our patent which is recognized by the WIPO and it is such a great achievement for the whole company. It's a great milestone,'' said WenXia Guo, CEO and President of WWBP, ''the success of this patented invention leads our company to a worldwide market, we will continue our development and research of new inventions and bring health to every customer.''
About World Intellectual Property Organization (WIPO)
The World Intellectual Property Organization (WIPO) is an international organization dedicated to promoting the use and protection of works of the human spirit. These works -- intellectual property -- are expanding the bounds of science and technology and enriching the world of the arts. Through its work, WIPO plays an important role in enhancing the quality and enjoyment of life, as well as creating real wealth for nations. With headquarters in Geneva, Switzerland, WIPO is one of the 16 specialized agencies of the United Nations system of organizations. It administers 23 international treaties dealing with different aspects of intellectual property protection.
About Worldwide Biotech & Pharmaceutical Company
Worldwide Biotech & Pharmaceutical Co. (''WWBP'') is a hi-tech biotech company with top-ranking pharmaceutical R&D abilities, Good Manufacturing Practices (GMP) licensed manufacturing facilities and a well-established marketing network in China and Southeast Asia. The product range of WWBP covers Hepatitis C Virus (HCV) products, diagnostic medicines and Over-The-Counter (OTC) drugs. WWBP currently possesses 35,940 square meters of land and 5,359 square meters of GMP standard facilities. With strong pharmaceutical R&D abilities especially in the HCV field, WWBP has been known as the first biotech company in the world to hold the technology of culturing intact HCV in vitro by cell culture.
WWBP has achieved a GMP production scale level of 10,000 ml for concentrated HCV material and 10 grams HCV antigen per month, which is expected to bring WWBP considerable gross sale revenue each year and greatly strengthen the company's R&D on anti-HCV drug screen and HCV human vaccine. WWBP had successfully reached two Memoriam of Understanding of Merger Agreements with pharmaceutical companies in China, all of which have scalable production and well-established sales networks, and the acquiring is expected to be finished before the end of September 2005. The acquisitions will strengthen WWBP's R&D abilities and production scale, as well as extend its marketing network throughout China and Southeast Asia. WWBP has been working closely with pharmaceutical research institutes, and has established connections with both central & local governments.
MORNING MOVERS
RNAI 11%
NGEN 6
DESC 4
ROYL 4
ABP 4
MPET 4
TXCO 4
NGAS 3
GW 3
RMBS 3
SING 2
IMNR 2
DECT 2
SNG 2
PFQUE 2
EGHT 2
BEXP 2
Posted by Oldpro
EEGI - unknown pure hurricane play...
that hasn't moved big yet. It's under the radar because of it's misleading name IMO. Profitable, low float. Any volume and it shoots up.
KNOXVILLE, Tenn., Sept 16, 2005 /PRNewswire-FirstCall via COMTEX/ --Eline Entertainment Group, Inc. (OTC Bulletin Board: EEGI) today reported its financial results for the three and nine months ended July 31, 2005.
Eline Entertainment Group reported revenue of $1,508,967 and $3,608,733 for the three months and nine months ended July 31, 2005, respectively, as compared to revenues of $917,977 and $2,855,969, respectively, for the comparable periods in fiscal 2004. The respective 64% and 26% increases in revenue during the fiscal 2005 periods relative to the same periods in fiscal 2004 reflects the positive impact of the Company's Storm Depot International subsidiary, which commenced operations during the three months ended April 30, 2005, contributing revenue of approximately $544,000 during the three months ended July 31, 2005 and approximately $636,000 during the nine months ended July 31, 2005.
The Company reported net income for the three months and nine months ended July 31, 2005 of $99,217, or $.03 per share, and $200,053, or $.01 per share, respectively, as compared to a net loss of $(490,297), or $(.04) per share, and $(1,068,236), or $(.09) per share, for the comparable periods in fiscal 2004.
The Company's Storm Depot International subsidiary recently reported an expansion of its dealer network into coastal gulf region of the United States with the appointment of a new dealer in Louisiana. The dealer will be operating in the Slidell/Covington area of Louisiana. This area was devastated by Hurricane Katrina and a massive rebuilding program in this area is expected. To that end, the Company recently announced that it has formed, through its Storm Depot International subsidiary, Storm Depot Restoration Corporation, which is currently in negotiations with several companies based in Slidell, Louisiana, to provide equipment and workers to assist in the clean-up effort from those areas affected by Hurricane Katrina. Storm Depot Restoration's services will initially involve removal of debris at some of the hurricane-affected locations prior to commencing any restoration services. Storm Depot Restoration plans to establish a base of operations near Biloxi, Mississippi and Mobile, Alabama in the near future.
About Eline Entertainment
Eline Entertainment Group, Inc. provides manufacturing solutions through the design, fabrication, sourcing and distribution of specialty materials, systems and related supplies for use in industrial, commercial and residential applications. Through its Industrial Fabrication and Repair subsidiary, the Company provides machining, welding, specialty design, fabrication and component sales for custom applications, including systems used in the movement of raw materials, finished goods and supplies in its customers' manufacturing processes. Its customers include PepsiCo, Tennessee Valley Authority, Kimberly-Clarke Corp., American Limestone, Gerdau-AmeriSteel, Vulcan Materials Co., Harrison Construction, Blue Diamond Coal, Carlex Glass, HBD Industries and Hartco Flooring, among others. The Company's Storm Depot International subsidiary distributes hurricane protection products, including its proprietary E-Panel, a lightweight translucent hurricane panel, through a network of licensed dealers and independent retailers. The Company's dealer outlets offer the public and the contracting trade a one-stop shopping solution for a broad range of hurricane protection and preparedness products. Eline Entertainment Group has recently announced that its Board of Directors has approved changing the corporate name to Grande International Holdings, Inc.
Public Reply | Private Reply | Keep | Last Read Next 10 | Previous
Posted by Oldpro
EEGI - unknown pure hurricane play...
that hasn't moved big yet. It's under the radar because of it's misleading name IMO. Profitable, low float. Any volume and it shoots up.
KNOXVILLE, Tenn., Sept 16, 2005 /PRNewswire-FirstCall via COMTEX/ --Eline Entertainment Group, Inc. (OTC Bulletin Board: EEGI) today reported its financial results for the three and nine months ended July 31, 2005.
Eline Entertainment Group reported revenue of $1,508,967 and $3,608,733 for the three months and nine months ended July 31, 2005, respectively, as compared to revenues of $917,977 and $2,855,969, respectively, for the comparable periods in fiscal 2004. The respective 64% and 26% increases in revenue during the fiscal 2005 periods relative to the same periods in fiscal 2004 reflects the positive impact of the Company's Storm Depot International subsidiary, which commenced operations during the three months ended April 30, 2005, contributing revenue of approximately $544,000 during the three months ended July 31, 2005 and approximately $636,000 during the nine months ended July 31, 2005.
The Company reported net income for the three months and nine months ended July 31, 2005 of $99,217, or $.03 per share, and $200,053, or $.01 per share, respectively, as compared to a net loss of $(490,297), or $(.04) per share, and $(1,068,236), or $(.09) per share, for the comparable periods in fiscal 2004.
The Company's Storm Depot International subsidiary recently reported an expansion of its dealer network into coastal gulf region of the United States with the appointment of a new dealer in Louisiana. The dealer will be operating in the Slidell/Covington area of Louisiana. This area was devastated by Hurricane Katrina and a massive rebuilding program in this area is expected. To that end, the Company recently announced that it has formed, through its Storm Depot International subsidiary, Storm Depot Restoration Corporation, which is currently in negotiations with several companies based in Slidell, Louisiana, to provide equipment and workers to assist in the clean-up effort from those areas affected by Hurricane Katrina. Storm Depot Restoration's services will initially involve removal of debris at some of the hurricane-affected locations prior to commencing any restoration services. Storm Depot Restoration plans to establish a base of operations near Biloxi, Mississippi and Mobile, Alabama in the near future.
About Eline Entertainment
Eline Entertainment Group, Inc. provides manufacturing solutions through the design, fabrication, sourcing and distribution of specialty materials, systems and related supplies for use in industrial, commercial and residential applications. Through its Industrial Fabrication and Repair subsidiary, the Company provides machining, welding, specialty design, fabrication and component sales for custom applications, including systems used in the movement of raw materials, finished goods and supplies in its customers' manufacturing processes. Its customers include PepsiCo, Tennessee Valley Authority, Kimberly-Clarke Corp., American Limestone, Gerdau-AmeriSteel, Vulcan Materials Co., Harrison Construction, Blue Diamond Coal, Carlex Glass, HBD Industries and Hartco Flooring, among others. The Company's Storm Depot International subsidiary distributes hurricane protection products, including its proprietary E-Panel, a lightweight translucent hurricane panel, through a network of licensed dealers and independent retailers. The Company's dealer outlets offer the public and the contracting trade a one-stop shopping solution for a broad range of hurricane protection and preparedness products. Eline Entertainment Group has recently announced that its Board of Directors has approved changing the corporate name to Grande International Holdings, Inc.
Public Reply | Private Reply | Keep | Last Read Next 10 | Previous
NUVO 9.58 close Accumulate 13 by Bean Murray Revenue up 900% last qtr.
IMMC 3.77 close Over weight by Lehman. Stock has had huge rev increases the last 6 mths.
ADLR closed at 10.20 Upgraded to buy with target $18 by Hambrecht
Sirna Partners With Allergan on AMD
Thursday September 29, 8:26 am ET
Sirna Therapeutics Partners With Allergan on Age-Related Blindness Treatment
SAN FRANCISCO (AP) -- Sirna Therapeutics Inc. said Thursday that it could make up to $250 million from a multiyear partnership with Allergan Inc. to develop compounds to treat age-related blindness.
Sirna shares jumped 77 cents, or 16.7 percent, to $5.37 in premarket trading.
ADVERTISEMENT
The company said it will receive a $5 million payment up front and will be eligible for up to $245 million in milestone payments as the companies develop Sirna's genetically based treatment for age-related macular degeneration, or AMD, and other gene targets related to eye diseases. AMD is a condition where abnormal blood vessels grow in front of the retina and leak, causing blindness.
Under the agreement, Sirna will also get contract manufacturing revenues and royalties. The company has a AMD product candidate, Sirna-027, in early stage clinical trials. Allergan will take on all development and commercialization activities for Sirna-027 and any compounds resulting from the partnership.
Sirna booked about $1.5 million in revenue in 2004.
In July, Allergan also partnered with drug developer Pharmacopeia Drug Discovery Inc. to develop compounds to treat AMD.
EARLY MORNING MOVERS
NGEN 3.25 6%
CRTX 7.79 4
NGAS 14.55 4
ABP 8 3
GW 8.42 2
IMNR .50 2
IMMR 7.02 2
EGHT 1.93 2
DECT 5.10 2
OMNI was holding a 1/2 position and added another 1/4 at the time of your post.
OMNI 4.78 on volume. 5 will be a 52 wk high
BBSE
Press Release Source: Barnabus Energy, Inc.
Barnabus Energy Finalizes Solar Roofing Acquisition
Wednesday September 21, 9:00 am ET
CARLSBAD, CA--(MARKET WIRE)--Sep 21, 2005 -- Barnabus Energy, Inc. (OTC BB:BBSE.OB - News) is pleased to announce that Management has signed a formal agreement with Solar Roofing Systems (SRS) of Toronto, Canada to acquire 20% of the outstanding shares of SRS, with an option to purchase an additional 31%, exercisable at Barnabus' discretion prior to Q1 2007.
ADVERTISEMENT
The first tranche of funds has been forwarded to SRS so that the company can increase its manufacturing capacity and expects to ship its first product to booked customers in January 2006.
David Saltman, President of Barnabus Energy, stated, "We are excited that we were able to come to terms in moving this project ahead. We believe that the SolarSave product will have a rapid path to profitability. Our goal is to produce and install a minimum of two megawatts of power, the equivalent of over 10 million dollars of sales in our first year of operation, and we are confident that the SRS management team can accomplish this objective."
Solar Roofing Systems CEO, Norman Dodd, added, "We are delighted to have found such a forward thinking strategic partner for our business. Barnabus's vision and commitment to renewable energy is certainly a perfect fit with our own corporate strategy, and we look forward to working with their management team to make SolarSave the premier solar roofing solution for businesses and residential homes across the country."
The deal includes additional oversight appointments of both companies' Senior Executives to sit as Directors on each other's Board, and is further subject to the successful completion of final due diligence of Solar Roofing Systems, which should be completed in the next several weeks.
ABOUT THE COMPANY
Barnabus Energy, Inc. (BBSE) is committed to the development of a diversified energy project portfolio. The Company is currently acquiring commercially viable projects in both conventional and renewable energy sectors. Management has closely aligned itself with key strategic partnerships that will move the Company forward towards future acquisitions and growth. The company's model is a focused approach to the exploitation of targeted, low risk development opportunities.
DECT pulling back. Good call jjk
ZENX Looking very good. Wonderful bounce from the mid 70's.
GV bounce off the 50. Has good support here