Tag Archives: rht

Red Hat Red Hot Stock Hit By Cyclical Billing Nuance

Investment bank Robert W. Baird lowered its Q4 billings outlook for Red Hat (RHT) below the Wall Street consensus, which helped send Red Hat stock falling Monday. Baird maintained its 85 price target and outperform rating, but Red Hat fell 1.3% in the stock market today, to 81.41. Red Hat stock hit an all-time high of 83 on Nov. 5 and is up 18% this year. Atop IBD’s Computer Software-Desktop industry group, Red Hat leads the group with a nearly

Red Hat, Microsoft Deal Keeps Customers, Stock Aloft

Does father know best or does he give his children what they want? In this case, the answer to both questions is yes: Microsoft (MSFT) has yielded to the demands of its growing enterprise customer family by partnering with Red Hat (RHT), the leading provider of Linux open-source software. Red Hat products will be integrated into Microsoft Azure cloud services. The early Wednesday joint announcement sent Red Hat stock to an all-time high Wednesday,

Alphabet Leads 5 IBD 50 Tech Stocks Hitting New Highs

Here’s a look at five IBD 50 tech stocks hitting new highs in the stock market today: Alphabet (GOOGL), Paycom Software (PAYC), Red Hat (RHT), CDW (CDW) and Dycom (DY). Google owner Alphabet has risen for nine out of the last 10 sessions. It gapped out of a base late last month in reaction to its quarterly earnings report, and shares are now extended from the 713.43 pivot. Alphabet has a highest possible IBD Composite Rating of 99 and has risen