Market Overview

RHT Poised To Benefit From Shift To Cloud Computing


Analysts at JMP Securities believe that Red Hat (NASDAQ: RHT) appears well positioned to benefit from the shift to cloud computing, especially at the OS level with RHEL.

Red Hat's view is that a majority of the IT spending in the next two years will be on enterprises building "private" clouds and the real shift to public clouds is at least 24 months away, the analysts say. “Within our coverage universe the two software names that we believe will benefit most from the shift to cloud computing include (NYSE: CRM) and Rackspace (NYSE: RAX), which both leverage Red Hat software to some degree,” the analysts say. “We believe Red Hat is working with both and Rackspace to further expand its current partnerships,” the analysts add.

“ is the leader in cloud computing at the application layer and is increasingly becoming a player in Platform as a Service (PAAS), a market we believe could grow to $11 billion over the next ten years,” the analysts mention.

More Analyst Ratings here

Posted-In: JMP SecuritiesAnalyst Color Markets


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