UBS maintains a 'Neutral' on Red Hat (RHT); Raising Numbers as Q4 Billings Doubled Expectations
Tweet
Share
E-mailGet Alerts RHT Hot Sheet
Price: $187.71 --0%
Rating Summary:
16 Buy, 24 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
16 Buy, 24 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
UBS maintains a 'Neutral' on Red Hat (NYSE: RHT) price target raised from $54 to $57.
Analyst, Brent Thill, said, "Adjusted billings +31% y/y doubled UBS/Street +18%/+15% as all the underlying demand metrics were strong; 1) $1M+ deals +50% y/y, 2) top 25 deals renewed +130% y/y, 3) encouraging middleware cross-sell stats. Momentum should continue as customers look to modernize their datacenters with RHT’s increasingly broad stack of high-value/low-cost solutions but the stock looks fully valued trading AH near 8x ’12 EV/revenues and 30x FCF."
Thill raises FY13 revenues from $1.32 bln to $1.36 bln (Consensus is $1.30 bln).
Shares are trading up 15.8% this morning, at $59.39, a new 52-wk high.
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 $51.39 yesterday.
Analyst, Brent Thill, said, "Adjusted billings +31% y/y doubled UBS/Street +18%/+15% as all the underlying demand metrics were strong; 1) $1M+ deals +50% y/y, 2) top 25 deals renewed +130% y/y, 3) encouraging middleware cross-sell stats. Momentum should continue as customers look to modernize their datacenters with RHT’s increasingly broad stack of high-value/low-cost solutions but the stock looks fully valued trading AH near 8x ’12 EV/revenues and 30x FCF."
Thill raises FY13 revenues from $1.32 bln to $1.36 bln (Consensus is $1.30 bln).
Shares are trading up 15.8% this morning, at $59.39, a new 52-wk high.
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 $51.39 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Indigo Paints (INDIGOPN:IN) PT Raised to INR1,300 at ICICI Securities
- Tata Motors Passenger Vehicles (TMPV:IN) PT Raised to INR375 at ICICI Securities
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
