Language Selection

English French German Italian Portuguese Spanish

Red Hat: Needham Starts at Buy, $63 Target

Filed under
Linux

Needham & Co.’s Scott Zeller today kicks off coverage of Red Hat (RHT) with a Buy rating and a $63 price target, writing that “field discussions in our data center software coverage have made increasing mentions of open source alternatives as companies consider their architectures for “data center refresh” and a move to cloud computing for public as well as private cloud buildouts.”

Red Hat’s various offerings are “looking very much like a “stack” (operating system, middleware, virtualization, storage – all open source),” writes Zeller.

The result of that is that Red Hat seems able to expand its “footprint” with customers even in a tough economic environment, he writes.

Rest here




More in Tux Machines

Ubuntu Touch OTA-14 Officially Released with Revamped Unity 8 Interface, Fixes

A few moments ago, we've been informed by Canonical's Lukasz Zemczak about the general availability of the long-anticipated Ubuntu Touch OTA-14 software update for Ubuntu Phone and Ubuntu Tablet devices. Read more Also: Ubuntu OTA-14 Released, Fixes A Number Of Bugs

Cloud convenience is killing the open source database

Open source has never been more important or, ironically, irrelevant. As developers increasingly embrace the cloud to shorten time to market, they're speeding past open source, making it even harder to build an open source business. After all, if open source were largely a way for developers to skirt legal and purchasing departments to get the software they needed when they needed it, the cloud ups that convenience to the nth degree. In Accel's annual business review, the vaunted venture capital firm writes: "'Product' is no longer just the bits of software, it's also how the software is sold, supported, and made successful." The cloud is changing the way all software is consumed, including open source. Read more

Why the operating system matters even more in 2017

Operating systems don't quite date back to the beginning of computing, but they go back far enough. Mainframe customers wrote the first ones in the late 1950s, with operating systems that we'd more clearly recognize as such today—including OS/360 from IBM and Unix from Bell Labs—following over the next couple of decades. Read more

OpenGov Partnership members mull open source policy

The Open Government Partnership (OGP) will suggest to its member governments to create a policy on open source. This week, a draft proposal is to be finalised at the OGP Global Summit in Paris. Read more