Red Hat (RHT) Tops Q3 EPS by 2c
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Drexel Hamilton Raised Price target on Red Hat (RHT) Post 3Q Beat
December 18, 2015 9:00 AM ESTDrexel Hamilton reiterated a Buy rating on Red Hat (NYSE: RHT), and raised the price target to $98.00 (from $90.00), following the company's 3Q earnings report. Red Hat reported sales of $523.6 million, which beat the Street at $521.5 million, while pro forma EPS of $0.48 exceeded the Street's... More
Piper Jaffray Raises PT on Red Hat (RHT) After Strong Quarter
December 18, 2015 8:08 AM ESTRed Hat (NYSE: RHT) reported a strong Q3, with overall revenue growth of 15%; 45% revenue growth in emerging technologies and 18% core infrastructure growth at constant currency. However guidance was weak with FY16 revenue guidance increasing 0.3% at the midpoint ($7M), OCF guidance increasing by 0.4% ($2.5M), but decreasing operating margin by 10bps to 23.5%. Despite the mixed guidance,... More
Red Hat (RHT) Price Target to $98 Following Strong 3Q - Needham & Company
December 18, 2015 6:52 AM ESTNeedham & Company reiterated a Buy rating on Red Hat (NYSE: RHT), and raised the price target to $98.00 (from $86.00), following the company's 3Q earnings report. $620m bookings/$524m revenue/$0.48 EPS is comfortably above consensus $588m book/521.5m revs/ $0.46 EPS. RHT is still dominated by core RHEL, which is roughly 82% of total subscription revenue, yet growth was strong... More
