Seeking Alpha

Some enterprise software stocks are posting moderate declines following Red Hat's (RHT -3.5%)...

Some enterprise software stocks are posting moderate declines following Red Hat's (RHT -3.5%) FQ2 results and guidance. ORCL -2.2%. CTXS -1.7%. QLIK -2.3%. During its earnings call, Red Hat blamed its slightly weak guidance on slow growth for its training/services business. That could have some Oracle investors on edge, given the company's heavy dependence on license update and services revenue. Red Hat also boasted it renewed all of its 25 biggest deals up for renewal.

Check out Seeking Alpha’s new Earnings Center

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs