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

Using OpenBSD as a FreeBSD Router

  • Using OpenBSD as a FreeBSD Router
    In 2004, whilst at Netsight, I started looking at using OpenBSD for routing. We were using big Cisco 5505 switches with Route Switch Modules in to provide routing. The problem was, they soon became quite slow. They were great if you wanted to do very simple routing, and they could do Layer 3 switching in silicon on the linecards. But as soon as you started to do access lists then they had to route the packets on the main CPU. Not only that, but Cisco’s ACL syntax quickly became very cumbersome as you had no way of doing any kind of macros or variables in the language.
  • FreeBSD Quarterly Status Report - Second Quarter 2015

Solus Linux OS Boots in 1.2 Seconds

The Solus operating system is getting closer to a stable release and its developers are showing off some of the capabilities of the distro, including the boot time, which has got to be the most impressive result out there. Read more

GNOME's LaTeXila TeX/LaTeX Editor App Gets New Features, Prepares for GNOME 3.18

The GNOME Project has released a new development milestone for the LaTeXila software, an open-source TeX and LaTeX editor used by default in the GNOME desktop environment. Read more

Leftovers: Ubuntu Touch