50% off Premium Yearly
Red Hat Inc.RHTPAST TOP PICKJul 22, 2019Stock price when the opinion was issued
As of Jul 08, 2019. Market Open.
They enable customers to operate in the hybrid Cloud world. They hold the hands of customers to transition into the Cloud which is growing. On June 22, they reported. They have had growth rates of over 20%, but they lowered it to 14% that they blamed on fixed income. He thinks they were moderating investors' expectations after a serious run. He sees 20% growth in the coming year. (Analysts' price target: $167.68)
(A Top Pick Jul 09/18, Up 34%) It was taken out by IBM last fall when he sold it on Oct. 28, 2018. It's a leader on the open source side. IBM bought RHT as a catalyst to get IBM into the cloud. No, he didn't buy IBM, which he sees as a trade, not an investment.