Red Hat, the No. 1 provider of open-source Linux software, late Thursday posted fiscal Q1 earnings and revenue that beat Wall Street estimates. Red Hat (RHT) gave mixed guidance for the current quarter, however, with EPS a bit short and revenue a bit above analyst estimates at the midpoint of its guidance. Red Hat stock was down 1.5% in after-hours trading, after the company released its results and after slipping a fraction in the regular
Red Hat (RHT) stock is hovering near 15-year highs, and the Linux software leader could deliver better-than-expected results when it reports its Q1 earnings after the market close June 18, says RBC. Matthew Hedberg, an analyst for RBC Capital Markets, raised his price target on the enterprise software company to 85 from 80, in a research report Monday. He maintained an outperform rating on Red Hat stock. Red Hat stock was up nearly 2% in morning
The growth momentum that Red Hat (RHT) showed from its fiscal fourth-quarter earnings last month shows no signs of slowing, says an analyst in a bullish report. In a research report Monday, Cowen & Co. analyst Gregg Moskowitz said the company that made its name as the No. 1 Linux vendor is hitting on all cylinders, with growth coming from all areas including its middleware, OpenStack cloud, storage and virtualization products. As the migration of