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Fly News Breaks for February 1, 2017
RHT
Feb 1, 2017 | 11:32 EDT
JPMorgan analyst Mark Murphy says in an intraday research note that consistent with his prior expectations, his firm's field work and industry inputs indicate that Red Hat successfully closed the two large U.S. Government deals that slipped out of its November quarter. This is a positive development for the company, Murphy tells investors. The analyst continues to view the stock as "materially undervalued." In late morning trading, Red Hat shares are off their lows but down 63c to $75.25.
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