Mizuho Securities Reiterates Buy Ahead of Red Hat's (RHT) 2Q Report

September 21, 2016 11:51 AM EDT
Get Alerts RHT Hot Sheet
Price: $77.11 +0.26%

Rating Summary:
    26 Buy, 10 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 50 | New: 20
Trade RHT Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Mizuho Securities reiterated a Buy rating and $88.00 price target on Red Hat (NYSE: RHT) ahead of the company's 2Q earnings report. Mizuho expects management to remain conservative with guidance and reiterate its current full-year revenue and EPS forecast of $2.380-2.420bn and $2.19-2.23, respectively.

Analyst Abhey Lamba commented, "Red Hat reports today after market close. For F2Q17, currency was largely in-line with guidance. For revenue, we expect $590-595mm (+17-18% Y/Y) vs. consensus of $590mm and guidance of $587-593mm. EPS is likely to come in-line to slightly better than consensus and guidance of $0.54, though we expect limited upside. We see upside to CFFO expectations of $127mm from better collections."

For an analyst ratings summary and ratings history on Red Hat click here. For more ratings news on Red Hat click here.

Shares of Red Hat closed at $75.78 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments

Related Entities


Add Your Comment