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

When Your Linux Servers Get Audited

If your Unix/Linux servers are to be involved in an ISO 27001 audit, there are a lot of things you should be doing ahead of time to ensure that they won't end up generating findings. While there are many things you can do to secure the systems you manage, the key to getting a Unix system to pass an ISO 27001 audit is knowing what the auditors are likely to ask and what they will need to see. Read more

Why Ubuntu plans to replace traditional Linux packages with something better

Ubuntu is about to undergo a dramatic overhaul. No, I don’t mean the huge shift to a converged Unity 8 desktop with the Mir display server, although that’s also coming. Ubuntu is going to move past Deb packages and apt-get in favor of Snappy, which is currently used for cloud images. Canonical’s Ubuntu isn’t the only project looking to replace Linux packages with something better. The GNOME project is working on a sandboxed, cross-distribution application package framework. Read more

FEDORA WORKSTATION NEXT STEPS : INTRODUCING PINOS

So what is Pinos? One of the original goals of Pinos was to provide the same level of advanced hardware handling for Video that PulseAudio provides for Audio. For those of you who has been around for a while you might remember how you once upon a time could only have one application using the sound card at the same time until PulseAudio properly fixed that. Well Pinos will allow you to share your video camera between multiple applications and also provide an easy to use API to do so. Read more

Razer’s open source virtual reality project now supports Android devices

Razer’s open source virtual reality project will support Android, which opens up the future of this mind-altering world to multiple devices. Read more