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Stock impact report

Red Hat: Valuation Looks Tempting After Earnings Disappointment [Seeking Alpha]

RED HAT (RHT) 
Last red hat earnings: 3/25 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.redhat.com
Company Research Source: Seeking Alpha
Summary Red Hat ( RHT ) reported a relatively disappointing Q2 report, with shares dropping 6.5% on Thursday. Management lowered guidance due to several near-term headwinds, disappointing the investing community. This is the second quarter in a row RHT reduced their guidance and investors are beginning to question what the real valuation of this company is. RHT remains the leader in open source technology, and as enterprises continue to lean more on the advancement of technology to smoothly run their operations, spending in this area will continue to rise. However, RHT’s recent performance is starting to bring in a few questions, such as whether or not RHT’s operating model is sustainable and if they are deserving of a premium revenue multiple valuation. In my opinion, RHT is here to stay for the long term, despite the short-term headwinds. Valuation is always challenging with these names; however, even at a normalized, average forward revenue multiple, RHT appears to have som Show less Read more
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