Red Hat Shares Up 15% On Q4 Earnings Beat

Red Hat shares were up 15%, at a 12-year high near 58, early Thursday, after the open-source vendor late Wednesday reported profit and sales that beat analyst views, as did its sales outlook. Analysts raced to boost their sales estimates and stock price targets for the provider of Linux and other open-source software that fits in well with the cloud-computing trend. Goldman Sachs maintained a hold rating on Red Hat (

) shares, but upped it price