UPDATE: Red Hat (RHT) Boosts FY15 adj.-EPS Outlook

Red Hat (RHT) PT Lifted to $62 at Jefferies; 'Hold' Maintained

Jefferies analyst John DiFucci raised estimates and his price target on Red Hat (NYSE: RHT) to $62.00 (from $58.00) but kept a Hold rating.

DiFucci commented, "RHT exceeded estimates for its NovQ, but new business growth moderated meaningfully (to flat) after three Qs... More

Red Hat (RHT) PT Raised to $74 at UBS on Solid Q3

UBS analyst Brent Thill raised estimates and his price target on Buy-rated Red Hat (NYSE: RHT) to $74.00 (from $68.00) following strong Q3 results.

Thill commented, "The highlight of F3Q was RHT's massive billings beat at $540M (vs. UBSe $509M), up +19%... More

Red Hat (RHT) PT Raised to $75 at Credit Suisse

Credit Suisse analyst Sitikantha Panigrah reiterated an Outperform rating and boosted estimates and the price target on Red Hat (NYSE: RHT) to $75.00 (from $70.00) following strong Q3 results.

The raise comes amid continued outperformance.

For an analyst ratings summary and... More

Red Hat (RHT) PT, Estimates Raised at Northland Capital Markets Post Q3

Northland Capital Markets analyst Tim Klasell reiterated an Outperform rating and bumped his price target on Red Hat (NYSE: RHT) to $75.00 (from $70.00) following solid Q3 results after the close.

Klasell commented, "Red Hat reported strong 3Q results that beat Street estimates with strong... More

Red Hat (RHT) PT, Estimates Lifted at Needham & Company After Strong Q3

Needham & Company analyst Scott Zeller raised estimates and his price target on Buy-rated Red Hat (NYSE: RHT) to $75.00 (from $66.00) following strong Q3 results.

Zeller commented, "The Red Hat results for F3Q15(NovQ) were a beat on revenue, billings and EPS, and were... More

Red Hat (RHT) PT Raised to $75 at Piper Jaffray Amid Strong Q3

Piper Jaffray analyst Katherine Egbert raised estimates and her price target on Overweight-rated Red Hat (NYSE: RHT) to $75.00 (from $68.00) following strong results after the close.

Egbert commented, "Red Hat reported F3Q15 results that topped guidance, our forecasts and consensus on all... More

Red Hat (RHT) CFO Plans Retirement

Charles E. Peters, Jr., Chief Financial Officer of Red Hat, Inc. (NYSE: RHT), notified the Company on December 16, 2014 of his decision to retire as an employee and Chief Financial Officer in the next 12 months, assuming a suitable successor has been determined by the... More

Red Hat (RHT) Tops Q3 EPS by 2c; Boosts FY15 EPS Outlook

Red Hat (NYSE: RHT) reported Q3 EPS of $0.42, $0.02 better than the analyst estimate of $0.40. Revenue for the quarter came in at $455.9 million versus the consensus estimate of $451.4 million.

Our strong Q3 results marked the eleventh straight quarter of mid-to-high teens revenue growth... More