Cautious Optimism Surrounds Red Hat Q1 Report
Cautious optimism is one way to describe the current state of Red Hat (RHT). That appears to be the message from some analysts who follow the provider of open-source software, which is slated to report its fiscal first-quarter results after the market close Wednesday. Analysts polled by Thomson Reuters expect Red Hat to report a per-share profit minus items of 27 cents, up 13% from 24 cents in the year-ago period. Revenue is seen rising 17% to
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