Posts tagged “Red Hat”

Updated 3:55 p.m. Wednesday

Premium Lock Bulls on the run: Wall Street analysts, investors rush to Red Hat

Bullish     Tuesday evening, Red Hat beat the Street. And so began the night of the red-hot Hatters. Starting at 3:55 a.m. Wednesday, Wall Street analysts began jumping on the Red Hat bandwagon just hours after investors drove up Hatter shares by 10 percent. By noon Wednesday, 13 different analysts had either raised their target prices for Red Hat or upgraded the stock to "Buy."

Tags: Red Hat
9:30 a.m. Wednesday

Premium Lock Inside Red Hat: Cloud, Linux success fuel red-hot growth

Red Hat Analysis: Red Hat beat Wall Street expectations for revenue and profits in its latest earnings report Tuesday, sending the stock toward its all-time high of $105. What's fueling the growth? Here's an analyst's view.

Tags: Red Hat
Updated 7:25 a.m. Wednesday

Red Hat beats Street, shares surge to nearly $100

Red Hat, a global leader in Open Source Linux software and services as well as various cloud technologies, beats Wall Street expectations in both earnings and revenue. The news late Tuesday sent Hatters' shares up immediately to nearly $100. Red Hat shares haven't topped $100 since Dec 1999 shortly after the company went public. Driving the growth: Cloud.

Red Hat's tower in Raleigh  Red Hat's tower in Raleigh

Tags: Linux, Red Hat
Updated June 14

Premium Lock Hatters of Arabia: Saudi university, Red Hat set up academy; Plus: Top innovator is ....

Red Hat Red Hat, which recently opened its third Innovation Lab in Europe, is opening a Red Hat Academy in Saudi Arabia. In other news: Red Hat's Innovator of the Year award goes to ...

Updated May 25

Premium Lock Red Hat acquires Silicon Valley startup in on-demand cloud play (+ video)

Red Hat continues to expand its embrace of cloud computing and services with the acquisition of Silicon Valley startup Codenvy, a developer on cloud-on-demand tools and services.

Updated May 23

Premium Lock Study: Red Hat is Raleigh's most likable CEO but city's top execs score low overall

Jim Whitehurst   A new survey based on information gathered from social media, news and executive review web sites finds that Red Hat CEO Jim Whitehurst is the most likable CEO in Raleigh. However, capital city CEOs rate lower than the national average.

Updated May 23

Premium Lock Red Hat hails defeat of 'patent trolls' at Supreme Court

Supreme Court The Supreme Court is making it easier for companies to defend themselves against patent infringement lawsuits in a case hailed by North Carolina's attorney general. Red Hat and SAS are among firms that have waged a long legal battle against so-called "patent trolls."

Tags: SAS, Red Hat
May 17

Premium Lock Red Hat opens first Innovation Lab in Europe, third overall

Red Hat Raleigh-based Red Hat opens a new Innovation Labs in London, its first outside the U.S. The Innovation Labs are designed to put customers and Hatter experts side-by-side to "jump start innovation" and develop software solutions.

Tags: Linux, Red Hat
May 11

Premium Lock Inside Red Hat Summit: Amazon deal; new products; partner, customer opportunities (+ video: Whitehurst keynote)

Red Hat unveils a new deal with Amazon Web Services, additional products and services for the "cloud," and new opportunities for customers as well as partners, says Technology Business Research team that attended the Red Hat Summit. Plus: Watch a video of Red Hat CEO Jim Whitehurst's keynote.

May 10

Premium Lock Red Hat drives growth in cloud business without cannibalizing itself (+ video)

At Red Hat's Summit in Boston, the Hatters demonstrate their ability to grow their cloud business without having to cannibalize other sales, report analysts from Technology Business Research.

May 3

Premium Lock Red Hat's CEO sells another $4.1M in shares

NC Business News Wire ‚ÄčThe chief executive officer of Red Hat Inc. sold another $4.1 million in company stock on Monday, according to a filing with the Securities and Exchange Commission.

Tags: Red Hat
Updated April 27

Premium Lock TechWire Awards go to six individual, six corporate Triangle tech, life science leaders

Startups, entrepreneurs, executives, investors and several of the Triangle's top tech and life science companies share the spotlight, taking home 12 awards at the fifth WRAL TechWire Awards. Plus, the first five members of TechWire's Hall of Fame are honored as are several Editor's Choice Award recipients.

Republic's Chris Chuang is a happy winner Republic's Chris Chuang is a happy winner

Updated April 21

Premium Lock Eric Shander's journey: From IBM to Red Hat, chief accounting officer to CFO

Eric Shander is getting a boatload of new responsibilities and a much higher profile as well as a $65,000 pay bump as he moves to Red Hat's chief financial officer from chief accounting officer. In an in-depth Q&A, Shander talks about his new job and the road tour with CEO Jim Whitehurst that helped lead to his promotion - as well as opened his eyes to the new world of investor relations. Plus: Read his full bio.

Eric Shander  Eric Shander

Tags: Red Hat, IBM
April 21

Premium Lock Why Red Hat's new CFO left IBM - and what he likes better

Eric Shander enjoyed working at IBM where he was following in his father's footsteps. But having lived in Raleigh since 1998, he was ready to become a Hatter after reading a book by Red Hat CEO Jim Whitehurst. In the second part of our Q&A, Shander talks about his feelings for both companies, as well as Lenovo.

Red Hat's tower in Raleigh  Red Hat's tower in Raleigh

Tags: Red Hat, IBM
Updated April 20

Premium Lock Datathon at Duke offers big talent recruiting opportunity, says former Red Hat exec

A datathon taking place at Duke on Friday offers a significant recruiting opportunity for Citadel, a $26 billion hedge fund, and Citadel Securities, says the former Red Hat executive L.J. Brock who is chief people officer at Citadel. He explains the event and what the firms are looking for in an exclusive interview. (Plus, Brock discusses his favorite Red Hat memories.)

L.J. Brock L.J. Brock

Updated April 18

Premium Lock Red Hat promotes chief accounting officer to CFO, exec VP

Eric Shander, who has been serving as interim chief financial officer at Red Hat, is getting the "interim" label removed. The world's top Open Source Linux developer on Tuesday named him as CFO, a promotion from chief accounting officer.

Eric Shander  Eric Shander

Tags: Red Hat
Updated April 10

Premium Lock Filings: Reichhold selling French plant; Red Hat, LendingTree execs sell shares

Closing a deal Reichhold, which is based in Durham, is selling a plant in France and two senior executives at Red Hat and LendingTree respectively are selling shares.

Techwire Inside Partners
The Skinny: A Blog by Rick Smith