Red Hat Guidance Light, But Analysts Stay Bullish

By | March 28, 2014

Scalper1 News

Red Hat (RHT) stock was down 6% in early trading Friday, at a three-month low, after the open-source software company late Thursday gave weak guidance, but an analyst said “the market is missing the forest for the trees.” Red Hat posted better-than-expected earnings and revenue for its fiscal Q4 ended Feb. 28, as IBD reported. But its guidance for the current quarter lagged the consensus estimate of analysts polled by Thomson Reuters. That was Scalper1 News

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