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Fly News Breaks for June 23, 2016
RHT
Jun 23, 2016 | 09:13 EDT
William Blair analyst Jason Ader said Red Hat reported "solid" first quarter results featuring strong bookings growth across its major geographic regions and continued strong renewal rates, but notes that investors may have wanted a "beat-and-raise" and some "might be spooked" by a slight deceleration in constant-currency revenue growth. Ader, who sees no material change in Red Hat's trajectory and continues to expect revenue and billings growth rates in the mid- to high teens, keeps an Outperform rating on the stock.
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