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Fly News Breaks for July 10, 2019
Jul 10, 2019 | 10:59 EDT
Cloudera today announced that it is "100% committed to open source" as the company tries to transform itself following the merger with Hortonworks and imminent release of its Cloudera Data Platform, Craig-Hallum analyst Chad Bennett tells investors in a research note. He believes Cloudera's open source commitment was inspired by the success of Red Hat and is the right move. Red Hat offers all its software free of charge and charges its customers for consulting, support, and training services, which Cloudera will look to emulate, Bennett says. He keeps a Buy rating on Cloudera shares with a $14 price target.
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