|Day's Range||95.96 - 98.14|
|52 Week Range||68.54 - 100.80|
|PE Ratio (TTM)||65.75|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
AWS isn't the only vendor lighting the cloud on fire. Red Hat's outsized earnings suggest that its hybrid strategy is a winner, too
Investing in stocks near their 52-week high is akin to following the momentum strategy, which is based on the understanding that once a trend is established, it is likely to continue.
Follow Up: Foot Locker | Follow Up: Cigna | Review | Preview Red Hat is benefiting from big cloud deals, and its shares are gaining altitude. Barron’s recommended Red Hat stock (RHT) just over a year ago at $73 (“Red Hat Could Rise 30% in a Year,” May 21, 2016). Don’t be alarmed that Red Hat is best known as a distributor of Linux, an open-source computer operating system that’s available for free.