Red Hat ‘Top Rebound Story’ On Q3 Beat, OpenStack

By | December 20, 2013

Scalper1 News

Red Hat (RHT) stock surged Friday after the open-source software company reported fiscal Q3 earnings that topped Wall Street views, raised revenue guidance and said its OpenStack cloud-computing initiative had gained traction with customers. Red Hat stock was up 19% in midday trading in the stock market today, at a 15-month high near 58.40. Shares of Rackspace Hosting (RAX), co-developer of the OpenStack cloud standard, were up 2% in midday Scalper1 News

Scalper1 News