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

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

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

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

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

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

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

After-Hours Stock Movers 06/18: (CAG) (SLI) (FNSR) Higher; (HWAY) (SWHC) (RHT) Lower (more...)

June 18, 2015 6:02 PM EDT

Healthways (NASDAQ: HWAY) 24% LOWER; announced that the Company is revising its financial guidance for 2015. The Company now expects revenue for 2015 in a range of $770 million to $785 million compared to a previous range of $800 million to $825 million and revenues of $742 million for 2014. The Company expects the resulting impact on EBITDA from this revenue reduction to be approximately $20 million at the mid-point of the revised revenue guidance range. EBITDA will be further reduced, as previously announced, by approximately $5 million from compensation-related expenses associated with its CEO transition. Consequently the Company now... More

Market Wrap: Nasdaq Closes at All-Time High; Greece Talks Continue; Fitbit Rallies in Debut

June 18, 2015 5:25 PM EDT

Market wrap for June 18th

End of the Day: S&P 500 up 20.8 to 2,121.24; Dow Jones up 180.1 to 18,115.84; Nasdaq up 68.1 to 5,132.95

Market Brief: Markets were in focus on Greece once again Thursday following speculation that the two sides were near a deal. However, in the early afternoon, European Commission Vice President Valdis Dombrovskis said no deal was reached with Greece, but there was a strong signal that the country was ready to engage in serious negotiations. Greece will make its... More

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

June 18, 2015 5:24 PM EDT

(Updated - June 18, 2015 5:32 PM EDT)

Red Hat (NYSE: RHT) sees FY16 EPS of $1.81-$1.84 vs the consensus of $1.81. It reaffirmed FY16 revenue guidance of $1.99-$2.02 billion vs the consensus of $1.99 billion. Prior EPS guidance was $1.79-$1.82.

Red Hat sees... More

Red Hat (RHT) Tops Q1 EPS by 3c

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

Trading Radar for 6/17: Kroger (KR), Rite Aid (RAD), Red Hat (RHT), Smith & Wesson (SWHC) Report

June 17, 2015 3:36 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 276kContinuing Claims - Street sees 2.259MCPI - Street sees 0.5%Core CPI -... More