Novell today announced Western and Southern Financial Group, a Fortune 500 company, chose Novell® Access Governance Suite and Novell Identity Manager to automate and improve compliance processes.
The openSUSE Project, a worldwide project sponsored by Novell, announced today that openSUSE 11.2 is immediately available for download at http://software.opensuse.org.
Novell today announced that Russell Poole, former vice president and senior HR partner, has been named senior vice president, Human Resources, effective immediately.
Strong financial performance in the most recent quarter and continued growth in results despite a challenging economy have led Standard & Poor’s (S&P) Rating Services to raise Red Hat Inc.’s (RHT) corporate credit rating from BB to BB+.
Red Hat is a leader in open source software solutions and has been upgraded thrice in less than [...]
Strong financial performance in the most recent quarter and continued growth in results despite a challenging economy have led Standard & Poor's (S&P) Rating Services to raise Red Hat Inc.’s (RHT) corporate credit rating from BB to BB+.
Red Hat is a leader in open source software solutions and has been upgraded thrice in less than two years. The company believes that it is still in the early stages of growth and has tremendous growth opportunity beyond 2010.
We believe the company’s strong market position, focused execution, strong balance sheet, impressive cash flow, international expansion and proven value proposition will help grow its business in the near term and deliver strong revenue growth beyond fiscal 2010.
We remain positive on the company’s long-term growth given its robust performance, driven by the record bookings and billings, substantial recurring revenue stream and growth in deferred revenues.
Moreover, the company’s products such as enterprise operating platform (Red Hat Enterprise Linux-RHEL) and enterprise middleware platform (JBoss Enterprise Middleware Suite) are gaining traction. We expect these products to increase customer renewal rates and drive growth, resulting in further upside for the shares in the coming quarters.
During the most recent quarter, the company released new products which will further establish Red Hat as a leader not only in open source operating systems management and virtualization but also in cloud computing solutions.
Red Hat’s second-quarter results beat analysts’ expectations on both the top and bottom lines. Better-than-expected results were due to the improving IT spending environment and Red Hat’s robust growth potential, new product launches, strong execution and increased customer demand in open source software solutions.
Moreover, profitability improved as Red Hat partners, including Intel Corp. (INTC), International Business Machines (IBM), Cisco Inc. (CSCO) and Dell Inc. (DELL) opted for its source products.
However, pricing pressure from its major competitors such as Novell Inc. (NOVL), Microsoft Corp. (MSFT) and Oracle (ORCL) in the virtualization business may hurt the company’s results in the near future.
FBR Capital gave the Security Software & Services industry some good news as it announced an upgrade on one of its stocks.
McAfee, Inc. (MFE) [Chart - News - Analysis] was upgraded from Mkt Perform » Outperform on 9/25/2009---a positive sign for the stock that investors typically welcome. FYI, FBR Capital uses the following rating scale when analyzing stocks: Outperform, Mkt Perform, Underperform.
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McAfee, Inc. has an average analyst recommendation score of 1.9 and competes for investment dollars with Check Point Software Technologies Ltd. (CHKP) [Chart - News - Analysis] and Novell Inc. (NOVL) [Chart - News - Analysis]---two other stocks in the Security Software & Services industry that have average analyst recommendation scores of 2.0 and 2.3 respectively.
Analyst recommendations are averaged and scored using the following rating scale:
- 1.0 = Strong Buy
- 2.0 = Buy
- 3.0 = Hold
- 4.0 = Sell
- 5.0 = Strong Sell
Why are Upgrades and Initiations Good and Downgrades Bad?
One event that is almost certain to get a reaction from Wall Street is an analyst upgrade or downgrade. Everyone is looking for an edge in the stock market, and quite often, traders turn to stock analysts to get that edge.
Upgrades and coverage initiations are typically good for stocks because they show that analysts either believe that the stock is going to perform better in the future or that the stock is worth covering and providing analysis on.
Downgrades are typically bad for stocks because they show that analysts believe that the stock is going to perform worse in the future.
A stock analysts is a person---typically employed by a large bank, investment firm or analysis company---who devotes his/her life to learning and making predictions about a company and its future performance.
Stock analysts sift through company reports and filings, talk to company management, probe customers and competitors and basically do whatever they can to find out if a company is healthy and growing or sick and shrinking. Because this is incredibly demanding work, stock analysts typically only monitor one or two companies at a time.
The leader in open source software solutions, Red Hat, Inc.’s (RHT) second-quarter results beat consensus expectation of 15 cents per share in earnings and $179.1 million in revenue.
Better-than-expected results were due to the improving IT spending environment and Red Hat’s robust growth potential, new product launches, strong execution and increased customer demand in open source [...]
The leader in open source software solutions, Red Hat, Inc.’s (RHT) second-quarter results beat consensus expectation of 15 cents per share in earnings and $179.1 million in revenue.
Better-than-expected results were due to the improving IT spending environment and Red Hat’s robust growth potential, new product launches, strong execution and increased ...
