Plenty to Like in Red Hat’s 3Q Results as Emerging Tech Shines, but Shares Remain Fully Valued
Red Hat reported strong third-quarter results that were ahead of our expectations on the top line, as the company continues to see a strong demand environment for its application development and emerging technology solutions, most notably OpenStack and OpenShift. These results should further pacify potential investor concerns around Red Hat’s place in an increasingly cloud-oriented world, particularly as emerging tech becomes a more significant part of the firm’s subscription revenue base. We ar...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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