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

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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 2019BairdSuspendsNot Rated
Jun 2019William BlairDowngradesOutperformMarket Perform
Nov 2018KeyBancDowngradesOverweightSector Weight

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