Red Hat Beats Views But Investors Wary On Billings

By | September 22, 2015

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Better-than-expected results couldn’t help Red Hat (RHT) stock Tuesday, with shares of the enterprise software company succumbing to concerns over billing as well as a sharp market downturn. Red Hat shares were trading down almost 2% to near 72 in the stock market today , virtually wiping out gains from the prior day. Investors had bid up shares Monday ahead of the after-hours earnings report. Some analysts attributed the losses to the market’s Scalper1 News

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