Power Integrations (POWI) 9-Digit Jury Verdict; Red Hat (RHT) Upbeat on Profit

Power_Integrations_POWI

Power Integrations Inc. (Nasdaq:POWI) stock closed at $47.83, down $0.09 (or -0.19%), with a total volume of 204,595 shares traded on Thursday

Power Integrations said that a Californian jury awarded the company after a trial in federal court $139.8 million in damages from computer chip producer Fairchild Semiconductor International Inc. (Nasdaq:FCS) for infringing two of its patents

Power Integrations, a leading innovator in semiconductor technologies for high-voltage power-conversion, has 28.43M Shares Outstanding, Market Capitalization (intraday) of $1.36B and POWI stock 52-week range is from $36.04 to $58.71 per share

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Red_Hat_RHT

Shares of Red Hat, Inc. (NYSE:RHT) climbed more than 6% to touch a new 52-week high in the extended session Thursday after the company delivered in its quarterly financial results profit numbers above Wall Street analysts’ expectations

For its third quarter fiscal 2016, Red Hat posted revenue of $524 million, a 15% increase year over year, and non-GAAP (excluding non-recurring items) net income of $89 million, or $0.48 per diluted share, compared to non-GAAP net income of $79 million, or $0.42 per diluted share in the same quarter the prior year, topping the the Capital IQ Consensus Estimate of $0.46 earnings per share for the period

According to its business outlook, the company expects next quarter’s revenue to be in a range of $535 million to $539 million

RHT stock finished the regular session at $78.86, up $0.09 (or +0.11%), and 3,103,133 of its shares exchanged hands during the day, more than twofold increase in activity versus its average volume (3m) of 1,502,660

Red Hat, the world’s leading provider of open source software solutions, has 182.80M Shares Outstanding. At close on Thursday, the company had a Market Capitalization of $14.42B and RHT stock one-year range was between $62.43 and $83.00 per share

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