Red Hat continues to make gains in the cloud. The enterprise software company late Thursday posted Q4 earnings and revenue that topped Wall Street expectations. It’s the fourth straight quarter EPS beat views. But the company issued a light outlook for the current quarter, and Red Hat (RHT) stock was down a fraction in after-hours trading. Red Hat stock rose a fraction in the regular session to 56.13. Shares touched a nearly two-year high of 61.45
Red Hat’s (RHT) rising JBoss middleware is seen teaming with its core Linux to propel fiscal Q4 earnings, to be released after the close Thursday, following its Q3 beat. The company appears to be poised to continue its positive growth trajectory after blowing away views in its fiscal Q3 in December, Michael Turits, an analyst for Raymond James & Associates, said in a March 19 research report. He rates Red Hat stock outperform. “While we remain
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