Red Hat (RHT) Tops Q4 EPS by 5c; FY EPS Guidance Beats
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UBS Reiterates Buy on Red Hat (RHT) Following 4Q Report
March 23, 2016 9:35 AM EDTUBS reiterated a Buy rating and $89.00 price target on Red Hat (NYSE: RHT) following the company's 4Q earnings report. The company's 4Q marks 5 consecutive quarter of above 20% CC revenue growth.
Analyst Brent Thill commented, "FQ4 was RHT's 5th consecutive qtr of >20% CC revenue growth, with initial FY17 guidance also pointing towards accelerating... More
Drexel Hamilton Raises Price target on Red Hat (RHT) Following a Strong 4Q Showing
March 23, 2016 9:05 AM EDTDrexel Hamilton reiterated a Buy rating on Red Hat (NYSE: RHT), and raised the price target to $105.00 (from $98.00), following the company's 4Q earnings report. Red Hat reported sales of $543.5 million, exceeding Street estimates of $537.5 million. Pro forma EPS of $0.52 beat the Street's projection of... More
Needham & Company Remains Bullish Following Red Hat's (RHT) Solid 4Q Results
March 23, 2016 7:22 AM EDTNeedham & Company reiterated a Buy rating and $98.00 price target on Red Hat (NYSE: RHT) following the company's 4Q earnings report. Red Hats $544m revenue and $0.52 EPS were above consensus $537m and $0.47 EPS, with $0.04 EPS due to tax benefit.
Analyst Scott... More
Mizuho Securities Reiterates Buy on Red Hat (RHT) Following 4Q Earnings Report
March 23, 2016 7:14 AM EDTMizuho Securities reiterated a Buy rating and $88. price target on Red Hat (NYSE: RHT) following the company's 4Q earnings report. RHT reported total revenues of $544mm, +17% Y/Y or +21% in constant currency. The upside was driven by subscription sales that came in at $480mm... More
Red Hat (RHT) Q4 Billings Miss, but FY17 Targets 'Entirely Achievable' - BTIG
March 23, 2016 6:42 AM EDTBTIG affirms Red Hat (NYSE: RHT) with a Buy rating and $92 price target following a "mostly solid" Q4 report, but lighter guidance than expected.
Analyst Joel Fishbein, Jr., noted a pressured billings line result in Q4, commenting, Management didnt cite specific reasons for the lower than... More
Mizuho Securities Reiterates Buy on Red Hat (RHT) Ahead of 4Q Release
March 22, 2016 11:22 AM EDTMizuho Securities reiterated a Buy rating and $88.00 price target on Red Hat (NYSE: RHT) ahead of the company's 4Q earnings report. Revenues are expected to be ~$540-545mm vs the consensus of $537mm and outlook of $535-539mm. EPS could come inline to slightly above... More
