Piper Jaffray Comments On RHT Survey

Piper Jaffray surveyed 46 Red Hat RHT partners “for an early assessment of the flagship product cycle, RHEL 6, and walk away with greater conviction that RHEL 6 extends RHT's competitive lead and will drive strong bookings growth in 2011.”

“35% of partners view RHEL 6 as more meaningful than a typical product cycle, versus 0% who take the opposite view,” Piper Jaffray writes. “Partners sense that RHEL 6 will ‘entrench Red Hat's stance as a major Cloud player' due to ‘impressive specifications' for Virtualization and Cloud support. New business bookings and renewal rates should benefit.”

Red Hat closed Wednesday at $41.34.