Red Hat Announces $500 Million Stock Repurchase Program
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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 7:20 AM EDT
Northland Capital Markets analyst Tim Klasell reiterated an Outperform rating and boosted his price target on Red Hat (NYSE: RHT) to $80.00 (from $75.00) following Q4 results.
Klasell commented, "Red Hat reported strong 4Q results that beat Street estimates with strong subscription revenues and continued... 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
