Language Selection

English French German Italian Portuguese Spanish

Red Hat shares fall after analyst downgrade

Filed under
Linux

Shares of Red Hat dragged the S&P 500 index back from the brink of a record high after an analyst downgraded the company amid doubts about its growth prospects.

The Raleigh-based open-source software company (NYSE: RHT) fell 4 percent to $48.54 in early afternoon trading.

Raymond James (NYSE: RJF) analyst Michael Turits cut his rating on the company to “market perform” from “outperform,” comparable to a downgrade to “hold” from “buy.”

rest here




History Hints At Something BIG

istockanalyst.com: One way or the other, iStock would not be surprised to see a major move from RHT following their quarterly profit checkup. Red Hat experienced on if its highest volume days in the past year, coming at number three. We see the activity as distribution, meaning money players were selling the stock, despite a research report claiming the technology company is a good risk/reward play for EPS.

Much like the axiom accumulation comes before appreciation, distribution usually leads depreciation; not always, but more often than not, a lot more often.

Depending on how you look at things, today's April option volume and the month's open interest shows that speculators are betting big on the bullish side of post-eps performance.

rest here




Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

More in Tux Machines

DisplayLink USB 3.0 Driver Now Available for Ubuntu 16.04 LTS, Fedora Linux

DisplayLink has recently updated their DisplayLink USB 3.0 driver for the latest Ubuntu Linux operating system launched by Canonical in the last week of April 2016, Ubuntu 16.04 LTS. Read more

Next Generation Gear Fit 2 to run Tizen Operating System, Leaked Images

The first Gear Fit product by Samsung ran a Real Time Operating System (RTOS) and this seems to have been a good decision for them for the first generation Gear Fit. Now, as the Gear Fit 2 is on the horizon, it looks like Samsung are ready to use the Tizen Operating System in this wearable device as well. According to industry sources Samsung will introduce the Gear Fit 2 next month in Korea running Tizen. The move to use Tizen extensively in its current and future wearable products demonstrates the commitment Samsung has to the OS in this space, as we now have a smartband as well as smartwatches !!! Another future wearable product that will be using Tizen, according to Industry watchers, is tentatively called “Activity Tracker”, which would suggest a low end fitness device. Read more

Sabayon ARM Project Brings the Gentoo-Based Distro to Raspberry Pi 3 and 2 SBCs

The developers of the Gentoo-based Sabayon GNU/Linux operating system have announced a new project, called Sabayon ARM, which aims to bring the distro to Raspberry Pi devices. Read more

Ubuntu BQ Aquaris M10 Review – Part 1: Hardware

The mobile market today has practically been what former Microsoft-then-Nokia-then-Microsoft-again exec Stephen Elop loved to refer to as a two-horse race. Android and iOS have been butting heads quarter after quarter, year after year. Despite their popularity and ubiquity, neither is truly perfect and neither can really meet everyone's needs and preferences. Which leaves a little wiggle room for other platforms (that includes Windows 10) to try and fill in the gaps. This time around we are going to take a closer look at one the newer challengers, Ubuntu Touch, as it is embodied in the recent bq Aquaris M10 tablet. How does it fare against the bevy of Android, iOS, and even Windows tablets scattered throughout the market? And does it have what it takes to not only stand tall and proud but also to survive? Read on to find our verdict. Read more