Posts tagged “Red Hat”
Red Hat an analyst top '16 pick; Kalobios bakruptcy; Apple's $350M tax deal; offensive trademarks case
In today's Bulldog wrapup of technology and life science news: Red Hat is a "top pick" for 2016 according to one Wall Street analyst; Kalobios files for bankruptcy; Apple agrees to pay $350 million in Italian tax case; and a federal appeals court says offensive trademarks can't be rejected.
Looking ahead to 2016, Red Hat CEO Jim Whitehurst is brimming with confidence. After an earnings report that beat expectations and seeing 20 analysts in one day - one day! - raise their share target price last week, Whitehurst says he has numerous reasons to be confident.
Red Hat's quarterly financials and revenue forecast are generating excitement on Wall Street with a whopping 20 analysts upping their expectations. Shares soared more than 6 percent to a new 52-week high after the Hatters disclosed earnings Thursday, and Friday morning 20 analysts firms upped their share target prices to as high as $98.
Jim Davis, the long time executive vice president and chief marketing officer at SAS, is taking on the same title at Informatica. In an interview Friday, Davis disclosed what he will be doing at the California-based big data company and why he chose to leave SAS. Informatica's CEO says he's glad to have Davis onboard.
Red Hat shares surged more than 6 percent in after-hours trading to a 52-week high Thursday after earnings beat Street expectations. Revenue fell short a bit short of estimates. And its earnings forecast is mixed. A strong dollar cut significantly into Red Hat's performance. But investors like what they heard.
Red Hat cloud adds Microsoft; Wal-Mart mobile pay; Samsung autonomous drive; Diller's new digital publishing; EU vs. Qualcomm
In today's technology roundup: Red Hat adds Microsoft support in cloud; Wal-Mart unveils mobile pay; Samsung moves into autonomous technology; Barry Diller's IAC launches new digital publishing effort; and the EU is taking on Qualcomm.
A Red Hat survey shows that 90 percent of respondents plan to increase mobile app development investments in 2016. The survey shows that businesses are shifting towards mobile collaboration, MBaaS technology, open source and lightweight development languages.
Red Hat, Inc. (NYSE: RHT), has announced that nominations for the 2016 Women in Open Source Awards are now open. The awards honor women who make important contributions to open source projects and communities, or make innovative use of open source technology.
Frank Calderoni, a long-time financial executive and chief financial officer at Cisco, could have had his pick of tech jobs after leaving the networking giant last year. So why did he pick Raleigh-based Red Hat, which is a long way from Silicon Valley? He cites many reasons in an exclusive interview with WRAL TechWire.
The Raleigh Innovators Program, which is backed by the Citrix Startup Accelerator, Red Hat, Cherokee, HQ Raleigh and the City of Raleigh, has picked 12 startup teams from an international field of applicants for its latest three-month program.
Diane Mueller, director of Community Development for OpenShift at Red Hat, has been selected by the Cloud Network of Women (CloudNOW) as one of the Top 10 Women in Cloud for 2015.
Red Hat, Citrix, VMWare. Symantec and Microsoft are the key players in the growing virtualization market, says a new report from Research and Markets. And they are fighting for share in a growing market, which is expected to double over the next five years.
Lenovo, which recently lost one of its top enterprise business leaders and has so far failed to recover all sales previously produced by IBM in x86 servers, is ramping up efforts to win more business. The latest is the addition of Red Hat OpenStack. Lenovo is also offering big rebates and other software.
Wall Street's big stock rally on Wednesday helps the world's billionaires snap a money losing streak, according to Bloomberg Billionaires. That rebound includes Cary's Jim Goodnight, who regains more than $200 million of his fortune. Meanwhile, Triangle stocks rebound as well led by Red Hat.
Innovation at Red Hat earns the Raleigh-based open source software and services firm the No. 26 spot on the 2015 Forbes "World's Most Innovative Companies" list. Who's No. 1? Tesla. There are a few other Triangle connections, too.
On what's being called "Manic Monday" with the Dow and Nasdaq plunging before recovering then dropping again, Durham's Cree and Novozymes, which has a big presence in Franklinton, bucked the selloff. Take at look at the WRAL TechWire "30" for a snapshot of Triangle tech and life science stocks.