Language Selection

English French German Italian Portuguese Spanish

Red Hat shares fall after analyst downgrade

Filed under

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 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

Linux Mint 19 Cinnamon will open apps a lot faster

The Linux Mint development team plans to launch the next version of the popular Linux distribution Linux Mint in the coming months. Linux Mint 19 will be offered in multiple flavors including MATE, Xfce and Cinnamon. If you have used Linux Mint Cinnamon in the past or plan to take it for a test drive in the future, you may benefit from application loading improvements in the upcoming version of Linux Mint. A new blog post on the official Linux Mint blog offers some insight. It all began with a perceived feeling; team members noticed that app loading "felt" faster on MATE or Xfce versions of Linux Mint and slower on Cinnamon versions. Read more

Hands-on with the Raspberry Pi 3 Model B+

The new Raspberry Pi 3 Model B+ was announced and started shipping last week. Of course, I went straight to the good folks at the Swiss and ordered one, which I received the next day. So, the first thing on my to-do list is to congratulate and thank both the Pi Foundation and the for their efficiency in making this new model available immediately after announcement. Read more Also: You Can Now Transform Your Raspberry Pi 3 Model B+ into a Home Theatre System


  • Linux Foundation announces open source ACRN hypervisor for the Internet of Things
    ACRN's small footprint is partly attributable to the fact that it takes a mere 25,000 lines of code for a hypervisor. There's already involvement from the likes of ADLINK, Aptiv, Intel Corporation, LG Electronics and Neusoft Corporation, and it's likely that many more names will join this list.
  • Linux Foundation Announces ACRN —Open Source Hypervisor for IoT Devices
    The Linux Foundation announced a new project called ACRN (pronounced "acorn") that will provide generic code for the creation of hypervisors for IoT devices. A hypervisor is computer code for creating and running virtual machines. Project ACRN aims to provide a generic structure for an IoT-specific hypervisor component. The Linux Foundation says it built ACRN to be fully-customizable, and as such, the project is comprised of two main components: the hypervisor itself and a device model for interacting with the underlying hardware.
  • Linux Foundation backs new ‘ACRN’ hypervisor for embedded and IoT
    The Linux Foundation has announced a new hypervizor for use in embedded and internet of things scenarios. Project ACRN (pronounced “acorn”) will offer a “hypervizor, and its device model complete with rich I/O mediators.” There’ll also be “a Linux-based Service OS” and the ability to “run guest operating systems (another Linux instance, an RTOS, Android, or other operating systems) simultaneously”.

Ubuntu MATE 18.04 LTS: What’s New?

Ahead of the Ubuntu MATE 18.04 LTS release next month you may be wondering what new features and changes the update will bring. Well, wonder no more. In this post we round up all of the key information about the next release of one Ubuntu’s most popular community flavors. Read more