Red Hat downgraded to Neutral from Buy at Citigroup Citigroup downgraded Red Hat citing slowing growth concerns and a lack of upside catalysts. The firm lowered its price target for shares to $56 from $64.
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