Red Hat Q1 Earnings May Beat, Fueled By Linux, Cloud

By | June 8, 2015

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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 Scalper1 News

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