Red Hat Nosedives on Guidance, CFO Departure

Shareholders of Red Hat (NYSE: RHT) should be excused if they are scratching their heads following the 12% plus nosedive its stock suffered after a “disappointing” fiscal 2017 third quarter announced Wednesday. Despite posting an 18% jump in sales year over year to $615 million, and recurring subscription revenue that climbed 19% to $543 million, its stock took a beating. …read more

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Category: RHT

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