Red Hat price target lowered to $63 from $65 at Susquehanna Susquehanna lowered its price target on Red Hat following recent channel checks. The firm notes Red Hat reports Q3 earnings on Thursday and believes checks were better than expected given the slowdown in sector growth rates. Susquehanna thinks demand trends are more stable in the US and maintains its Positive rating.
Red Hat announces OpenStack shared file system service Red Hat announced a technology preview of Red Hat Gluster Storage with capabilities from the OpenStack community’s new Manila project. Expanding the options for hybrid cloud storage, Red Hat Gluster Storage now provides enterprises with a scale-out shared file system service for OpenStack cloud infrastructures.
Credit Suisse to hold a conference 4th Annual Disruptive Technology Conference is being held in San Francisco on May 13-14 with webcasted company presentations to begin on May 13 at 10:35 am; not all company presentations may be webcasted. Webcast Link