Buy Red Hat, An Attractive Cloud Computing Play [Seeking Alpha]
RED HAT (RHT)
Last red hat earnings: 3/25 04:15 pm
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US:NYSE Investor Relations:
investors.redhat.com
Company Research
Source: Seeking Alpha
Summary Last month Red Hat ( RHT ) reported earnings that beat expectations but disappointed investors in terms of forward guidance. This is a classic case of investors putting the horse in front of the cart and bidding expectations up to an unreasonable degree in the short term. Red Hat, which had seen its stock rise over 70% in the 1 year leading up to last quarter’s earnings, saw its stock price decline over 20% in reaction to the disappointing guidance. I believe the recent decline in Red Hat’s stock price represents an attractive entry point for long-term investors. Red Hat is a high quality company that has shown a strong ability to execute. The company has a very strong enterprise software franchise that is highly levered to prominent tech growth trends including cloud computing, storage, and virtualization. While the stock may appear richly valued when viewed through the lens of shorter-term trading multiples, long-term investors will likely earn a very nice return ove
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