Red Hat Q2 Beat Fueled By Growth Beyond Linux

By | March 26, 2015

Scalper1 News

Red Hat (RHT) got at least four price target increases and its stock soared to a 15-year high after its fiscal Q4 earnings late Wednesday beat on strength beyond its core Linux business. Red Hat is the leading provider of Linux open-source operating system software. But the company is also rapidly moving into other areas including middleware, storage software, virtualization software and cloud computing services. The company competes with Oracle Scalper1 News

Scalper1 News