This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Red Hat, Apple, Facebook: Tech Premarket

NEW YORK ( TheStreet) -- Red Hat (RHT - Get Report) was a loser in premarket trading on Tuesday, falling 3.02% to $55.80 after the software maker missed Wall Street's second-quarter profit forecast.

Excluding items, the Raleigh, N.C.-based company earned 28 cents a share on revenue of $322.6 million. Analysts surveyed by Thomson Reuters were looking for earnings of 29 cents a share and revenue of $322.2 million.

Red Hat, however, enjoyed 15% year-over-year growth in its subscription revenue, which came in at $278.8 million.

"Our double-digit growth was driven by demand for Red Hat's open source technologies that are key to creating innovation, scale and flexibility in our customers' data centers and their businesses," stated Jim Whitehurst, the company's president and CEO, in a statement released after market close on Monday.

Apple (AAPL - Get Report) was another laggard, dipping 0.55% to $687. On Monday, the tech giant announced sales of 5 million iPhone 5s during the debut weekend, a number which came in below many Wall Street estimates.

The Cupertino, Calif.-based company was also one of the most active premarket Nasdaq stocks on share volume of 47,761.

Facebook (FB - Get Report) shares rallied slightly in premarket after plunging more than 9% in Monday trading. The social networker took a hit after a recent Barron's report that the stock's worth just $15.

Shares of the Menlo Park, Calif.-based company climbed 1.01% to $21 early on Tuesday.

Facebook was also an active premarket Nasdaq stock on share volume of 96,137.

--Written by James Rogers in New York.

>To submit a news tip, send an email to:

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
RHT $73.37 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs