Market Overview

Red Hat Getting Killed (RHT)

Share:
Red Hat Getting Killed RHT

There's blood on the streets today, and its even redder than usual, as shares of Red Hat, Inc. (NYSE: RHT) are down nearly 9% today.

Red Hat, which operates in the cloud computing space, is taking a beating today, along with other cloud computing plays like VMware (NYSE: VMW), Citrix (NASDAQ: CTXS) and Rackspace (NYSE: RAX).

There is a great piece out from The Reformed Broker about the massacre being seen today in the cloud computing space.

 

Related Articles (CTXS + RAX)

View Comments and Join the Discussion!

Posted-In: Movers