“Linux distributor Red Hat rocketed out of its post-IPO
quiet period Wednesday. The stock soared as high as 135
1/2 and ended the day with an 8-percent rise to 116 3/4.
Tuesday Wall Street analysts weighed in on the company, as Goldman
Sachs and Hambrecht & Quist started coverage on the company at
a ‘market outperform’ and ‘buy’ rating, respectively.”
Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.
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