Red Hat Reports Second Quarter Results for Fiscal Year 2016
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UBS Cuts Price target on Red Hat (RHT) Following 3c EPS Beat
September 22, 2015 10:48 AM EDTUBS reiterated a Buy rating on Red Hat (NYSE: RHT), and cut the price target to $85.00 (from $88.00), following the company's 2Q16 earnings results. RHT reported a revenue beat of ~9M, as well as a $0.03 EPS Beat. Billings, however, were reported at 9%, coming up short of consensus.
Analyst Brent Thill commented, "RHT... More
Oppenheimer Remains Bullish on Red Hat (RHT) Following 3c EPS Beat
September 22, 2015 9:39 AM EDTOppenheimer reiterated an Outperform rating and $88.00 price target on Red Hat (NYSE: RHT) following the company's 2Q16 earnings results. Total revenue of $504M was ~$9M above consensus while EPS of $0.47 was $0.03 above consensus. 3Q total revenue guidance is $519-523M versus the $513M consensus.
EPS guidance of $0.47 is a penny ahead of consensus.... More
Mizuho Securities Reiterates Buy on Red Hat (RHT) Following 2Q16
September 22, 2015 7:38 AM EDTMizuho Securities reiterated a Buy rating and $88.00 price target on Red Hat (NYSE: RHT) following the company's 2Q16 earnings results. The company beat across all major metrics except billings, which were below consensus.
Analyst Abhey Lamba commented, "We are reiterating our Buy rating... More
Cowen Cuts Price Target on Red Hat (RHT) to $82 Following 3c EPS Beat
September 22, 2015 7:22 AM EDTCowen reiterated an Outperform rating on Red Hat (NYSE: RHT), and cut the price target to $82.00 (from $85.00), following the company's 2Q16 earnings results. Revenues of $504m were above the Street estimates of $495m. EPS of $0.47 also exceeded the Street's $0.44. Reported billings of $479m, however,... More
Needham & Company Reiterates Buy on Red Hat (RHT) Following a 3c EPS Beat
September 22, 2015 6:41 AM EDTNeedham & Company reiterated a Buy rating and $86.00 price target on Red Hat (NYSE: RHT) following the company's 2Q16 earnings results. RHTs $504m revenue and $0.47 EPS were well above consensus $495m and $0.44 EPS. Billings, however, were $479m and below consensus $489m, indicating deferred growth was weaker than... More
Red Hat (RHT) Tops Q2 EPS by 3c, Offers Q3 & FY Gudiance
September 21, 2015 4:18 PM EDT(Updated - September 21, 2015 4:21 PM EDT)
Red Hat (NYSE: RHT) reported Q2 EPS of $0.47, $0.03 better than the analyst estimate of $0.44. Revenue for the quarter came in at $504.1 million versus the consensus estimate of $494.65 million.
Outlook
Red Hats outlook assumes similar business conditions and foreign exchange rates as of September 18, 2015. The full year revenue guidance... More
