Information Provided By: 
Fly News Breaks for June 22, 2018
RHT
Jun 22, 2018 | 06:36 EDT
BTIG analyst Joel Fishbein downgraded Red Hat to Neutral from Buy after its Q1 results, saying billings of $709M fell short of the consensus $721M. The analyst also notes that constant-currency growth rates in the Infrastructure and App Dev / Emerging Tech segments also imply "meaningful deceleration", adding that the slowdown in the former will take some investors by surprise. Fishbein further states that Red Hat's multiple - even after yesterday's stock price pullback - leaves little room for error moving forward.
News For RHT From the Last 2 Days
There are no results for your query RHT
