Morningstar

Morningstar, Inc.

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Red Hat has become the face of the open-source software movement, championing the adoption of Linux as the premier server operating system. It can innovate much more quickly than traditional software companies while maintaining manageable research and development spending by leveraging a vast community of developers that refine the free software that Red Hat bundles with its valuable service and support program. Red Hat is using the open-source model to expand in the data center, but the rise of…

Red Hat reported healthy first-quarter earnings, with subscription revenue growth in the midteens--though at a decelerating pace year over year. We’ve raised our fair value estimate for the stock to $190 per share from $182 after accounting for the time value of money and anticipation that the firm’s acquisition by IBM will be approved. The IBM deal could close at any time--especially as the European Union is expected to approve the deal by the end of June. With shares trading at $188 per share…

Red Hat has successfully become the face of the open-source software movement, championing the adoption of Linux as the premier server operating system, or OS. The firm can innovate much more quickly than traditional software companies, while maintaining manageable research and development spending by leveraging a vast community of developers that refine the free software that Red Hat bundles with its valuable service and support program. Red Hat is using the open-source model to expand in the…

United States

Red Hat, Inc. develops and provides open source software and services, including the Red Hat Linux operating system.  The Company's Web site offers information and news about open source software and provides an online community of open source software users and developers.

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