Red Hat (NYSE:RHT) One of Better Investment Opportunities in Enterprise Software

Citing their strong positioning in cloud computing, open source and Virtualization, along with Red Hat's (NYSE:RHT) "predictable and profitable subscription revenue model," Gleacher sees them as one of the better investment opportunities in the enterprise software sector.

Gleacher said, "Red Hat is strategically positioned to leverage three major themes in technology - open source, cloud computing and virtualization (i.e., an impressive hat trick). Combine this with a predictable and profitable subscription revenue model and we view Red Hat as one of the more compelling investment opportunities in enterprise software."

Gleacher & Co. reiterated a "Buy" on Red Hat, which last closed at $46.51, down $0.19, or 0.41 percent. Gleacher has a price target of $59 on them.