Red Hat Inc. Lower On Analyst Comments Citing Slower Future Growth

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Michael Turits, an analyst at Raymond James, downgraded Red Hat (NASDAQ: RHT) to market-perform from outperform, because of downside FY14 growth risk. Turits expects Red Hat to report fourth quarter earnings in-line with analyst's expectations this Wednesday, March 27th.However, he still sees disappointment further down the road. He mainly cited the risk of Linux growth deceleration and incremental license sales to slow down due to pricing risks and more customers moving to the cloud format.RHT is currently down ~5 percent to $48.28.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!