Red Hat (RHT) Tops Q4 EPS by 2c

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Red Hat (RHT) PT Raised to $80 at Cowen

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

Red Hat (RHT) PT Lifted to $85 at Cantor Fitzgerald

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

Red Hat (RHT) Q1, FY16 Guidance Falls Short of Views

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

Red Hat (RHT) Announces $500M Common Buyback

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