Needham & Company Reiterates Buy on Red Hat (RHT) Following a 3c EPS Beat

UBS Cuts Price target on Red Hat (RHT) Following 3c EPS Beat

UBS 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

Oppenheimer 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

Mizuho 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

Cowen 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

After Hours Stocks Movers 09/21: (VBLT) (TRXC) (CORE) Higher; (THO) (MRD) (NMFC) (more...)

Vascular Biogenics Ltd (NASDAQ: VBLT) 12.4% HIGHER; Chardan Capital Markets initiated coverage with a Buy rating and a price target of $25.00.

TransEnterix, Inc. (NYSE: TRXC) 5% HIGHER; announced today that it has acquired the surgical robotics division of SOFAR S.p.A., an Italian health care company, in a cash and stock transaction with total consideration of $99.8 million. SOFAR has developed the TELELAP ALF-X® advanced robotic system for minimally invasive surgery, which has an active CE... More

Market Wrap: Tsipras Reelected as Greek PM; Apple Car Chatter Heats up; Clinton Takes Aim at Biotechs

Market wrap for September 21st

End of the Day: S&P 500 up 8.9 to 1,966.97; Dow Jones up 125.6 to 16,510.19; Nasdaq up 1.7 to 4,828.96

Market Brief: Markets rose Monday following volatile trading last week as the Fed averted a rate hike.

Greece's Alexis Tsipras won re-election as prime minister, the first politician to do so during the country's six-year financial crisis.

Volkswagen shares were hit as the stock resumed trading in Europe after the EPA accused the company of falsifying... More

Red Hat revenue rises 13 percent

(Reuters) - Red Hat Inc (NYSE: RHT), the world's largest commercial distributor of the Linux operating system, reported a 13 percent rise in quarterly revenue, helped by higher demand for open-source software and cloud offerings.

The company's net income rose to $51.4 million, or... More

Red Hat (RHT) Tops Q2 EPS by 3c, Offers Q3 & FY Gudiance

(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

Mizuho Securities Reiterates Buy on Red Hat (RHT) Ahead of 2Q16 Earnings

Mizuho Securities reiterated a Buy rating and $88.00 price target on Red Hat (NYSE: RHT) ahead of 2Q16 earnings results. Analyst Abhey Lamba is expecting an upside to most metrics. RHT is scheduled to report its 2Q16 earnings results tonight, 9/21, after market close.

Lamba... More

Trading Radar for 9/21: Lennar (LEN), Red Hat (RHT), Viggle (VGGL), Palatin Technologies (PTN) Repport

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

Before Markets Open:
Earnings:

Lennar Corp. (NYSE: LEN) - no Street consensus
Neogen Corp (Nasdaq: NEOG) - consensus EPS $0.27... More