UPDATE: Red Hat (RHT) Guides FY16 EPS Slightly Ahead of Views
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June 19, 2015 8:18 AM EDT
Cantor Fitzgerald reiterates a Buy rating on Red Hat (NYSE: RHT), and raised the price target to $90.00 (from $85.00), following 1Q16 results. Red Hat reported 1Q:FY16 sales of $481 million, exceeding estimates of $473.3 million. EPS of $0.44 beat EPS consensus of $0.41. RHT raised its pro forma EPS outlook to $1.81-1.84 from... More
June 19, 2015 7:37 AM EDT
Mizuho Securities reiterates a Buy rating on Red Hat (NYSE: RHT), and raised the price target to $88.00 (from $85.00), following 1Q16 results. The company reported upside to all the key metrics besides billings, which were inline with consensus.
Analyst Abhey Lamba commented, "Red... More
June 19, 2015 7:09 AM EDT
Needham & Company reiterates a Buy rating on Red Hat (NYSE: RHT), and raised the price target to $86.00 (from $82.00), following 1Q16 results. RHT revenues of $481m was above $473M consensus. $0.44 EPS was above $0.41 consensus. EPS guidance was raised by $0.02 to a new range of $1.81-1.84... More
June 19, 2015 7:01 AM EDT
(Updated - June 19, 2015 7:10 AM EDT)
Cowen reiterates an Outperform rating and $85.00 price target on Red Hat (NYSE: RHT) following 1Q16 results. F1Q revenues of $481m came in above consensus estimates of $473m. EPS of $0.44 exceeded the Street's $0.41 estimate. RHT raised EPS guidance to... More
June 18, 2015 4:04 PM EDT
Red Hat (NYSE: RHT) reported Q1 EPS of $0.44, $0.03 better than the analyst estimate of $0.41. Revenue for the quarter came in at $481 million versus the consensus estimate of $472.59 million.
Our solid start to fiscal year 2016 was evidenced by strong constant currency revenue growth of over 20%,... More
