Piper Jaffray Raises PT on Red Hat (RHT) After Strong Quarter
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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
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
Red Hat (RHT) Tops Q3 EPS by 2c
December 17, 2015 4:17 PM ESTRed Hat (NYSE: RHT) reported Q3 EPS of $0.48, $0.02 better than the analyst estimate of $0.46. Revenue for the quarter came in at $523.6 million versus the consensus estimate of $521.66 million.
Subscription revenue from Infrastructure-related offerings for the quarter was $373 million, an increase of 12% in U.S.... More
