Red Hat should meet, potentially beat Q4 estimates, says Credit Suisse Credit Suisse expects Red Hat to meet and possibly beat consensus Q4 estimates of 15.3% year-over-year billings growth. The firm's checks indicates Red Hat Linux continues to see migrations from Unix and Windows systems as well as new cloud-enabled applications. Shares are Outperform rated with a $70 price target.
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