Red Hat has been on a tare recently, gaining over 50% YTD on behalf of strong partnerships and acquisition synergies.
The company has successfully boosted revenues and upped its guidance in most recent quarters.
Red Hat's new product deployment has boosted subscriptions.
I believe the company will beat their earnings estimates on Monday, but guidance should be limited with its partners growth stagnating with stiff competition.
The company's competition as well, will limit its guidance prospects for the FQ2 2018.
I believe a correction will occur following the release of their earnings and have a $100 PT for the next 2 months.
The company has successfully boosted revenues and upped its guidance in most recent quarters.
Red Hat's new product deployment has boosted subscriptions.
I believe the company will beat their earnings estimates on Monday, but guidance should be limited with its partners growth stagnating with stiff competition.
The company's competition as well, will limit its guidance prospects for the FQ2 2018.
I believe a correction will occur following the release of their earnings and have a $100 PT for the next 2 months.
Trade attivo:
Stop reached but open through November 2017.