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Red Hat (RHT) is -4.5% despite reporting Q3 EPS of $0.20 in-line. And Oppenheimer & Co....

Red Hat (RHT) is -4.5% despite reporting Q3 EPS of $0.20 in-line. And Oppenheimer & Co. notes the company's billing growth rate accelerated, and there is 'solid acceptance' of Red Hat's virtualization software. Oppenheimer maintains an Outperform rating.
Comments (1)
  • Jake Huneycutt
    , contributor
    Comments (1355) | Send Message
     
    Red Hat's a great company and I even wrote an article recommending them back at $14. But at over $45, I'd be worried that it's a bit overvalued. The fact that it is down in spite of meeting expectations might be an indication that the overall market has more bullish views than the analysts. And the market has very high expectations baked into the current price.
    22 Dec 2010, 11:40 AM Reply Like
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