Red Hat (RHT) Tops Q4 EPS by 2c
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March 26, 2015 8:48 AM EDT
Cowen analyst Gregg Moskowitz reiterated an Outperform rating and lifted its price target on Red Hat (NYSE: RHT) to $80.00 (from $74.00) following Q4 results.
Moskowitz commented, "RHT reported a strong F4Q that was well above even our generally high expectations. Despite facing a... More
March 26, 2015 7:27 AM EDT
Cantor Fitzgerald analyst Brian White reiterated a Buy rating and boosted his price target on Red Hat (NYSE: RHT) tto $85.00 (from $81.00) following solid Q1 results.
White commented, "Last night, Red Hat overcame a significant FX headwind to beat our 4Q:FY15... More
March 25, 2015 5:39 PM EDT
Red Hat (NYSE: RHT) sees Q1 EPS of $0.41 vs consensus of $0.41. Revenue is seen at $469-$474 million vs consensus of $475.55 million. Operating margin is seen at 23%.
FY16 EPS is seen at $1.79-$1.82 vs consensus of $1.85. Revenue is seen at $1.99-$2.02 billion vs the... More
March 25, 2015 4:09 PM EDT
Red Hat (NYSE: RHT) announced that its Board of Directors has authorized the repurchase of up to $500 million of the Companys common stock from time to time on the open market or in privately negotiated transactions.
The new program replaces the previous $300 million repurchase program that is scheduled to expire on March 31, 2015. Approximately $220 million was used under the previous plan through... More
