Will Red Hat (RHT) Stock be Helped Today by This Ratings Initiation?

The firm said it initiated coverage on the open source software solutions provider as it believes the company is a market leader and will continue to gain market share. “In our view, Red Hat’s standing as a leading provider of open source software solutions positions the company well for the build out of next generation data centers and new opportunities across the cloud computing landscape with a focus on the open hybrid cloud,” Cantor Fitzgerald said.

Source: Tech