Market Overview

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

Share:

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.

Latest Ratings for RHT

DateFirmActionFromTo
Jul 2019SuspendsNot Rated
Jun 2019DowngradesOutperformMarket Perform
Nov 2018DowngradesOverweightSector Weight

View More Analyst Ratings for RHT
View the Latest Analyst Ratings

Posted-In: Analyst Color Analyst Ratings Movers Tech

 

Related Articles (RHT)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
TORCCantor FitzgeraldDowngrades3.0
CIDMCanaccord GenuityMaintains1.5
TDGCanaccord GenuityMaintains620.0
DLPNCanaccord GenuityMaintains1.6
WBCLSADowngrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Apollo Group Blasts Off on Successful Earnings

Apple Wants to Map Your Favorite Malls and Airports