Credit Suisse Disruptive Technology Portfolio Mover Of The Week ...
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Red Hat's stock took one of the biggest hits last week of all the Disruptive Technology Portfolio companies, declining 5.8%. The open source software provider two weeks ago reported fourth-quarter results that were in line with expectations. However, word that multiyear contracts accounted for a quarter of bookings raised concerns that the company may be under pricing pressure and was likely the primary cause of the decline.
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