Red Hat Rides ‘Sales Execution,’ Vaults Over Q1 Views

By | June 19, 2015

Scalper1 News

Red Hat (RHT) stock brushed a more than 15-year high on Friday, for the third time in four days, as the No. 1 provider of open-source Linux software received at least four price target boosts after its fiscal Q1 earnings late Thursday beat expectations. “The company’s top-line growth continues to be driven by strong subscription revenue growth and solid large deal activity,” wrote William Blair & Co. analyst Bhavan Suri in a research note Friday. Scalper1 News

Scalper1 News