UPDATE: Red Hat (RHT) Guides FY16 EPS Slightly Ahead of Views

Cantor Fitzgerald Raised Price Target on Red Hat (RHT) Following 1Q16 Beat

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

Mizuho Securities Raises Price Target on Red Hat (RHT) Following 1Q16 Results

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

Needham & Company Raises Price Target on Red Hat (RHT) Following 1Q16 Results

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

UPDATE: Cowen Remains Bullish on Red Hat (RHT) Following 1Q16 Results

(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

Red Hat (RHT) Tops Q1 EPS by 3c

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