Red Hat Reports Fourth Quarter and Fiscal Year 2016 Results

UBS Reiterates Buy on Red Hat (RHT) Following 4Q Report

UBS reiterated a Buy rating and $89.00 price target on Red Hat (NYSE: RHT) following the company's 4Q earnings report. The company's 4Q marks 5 consecutive quarter of above 20% CC revenue growth.

Analyst Brent Thill commented, "FQ4 was RHT's 5th consecutive qtr of >20% CC revenue growth, with initial FY17 guidance also pointing towards accelerating... More

Drexel Hamilton Raises Price target on Red Hat (RHT) Following a Strong 4Q Showing

Drexel Hamilton reiterated a Buy rating on Red Hat (NYSE: RHT), and raised the price target to $105.00 (from $98.00), following the company's 4Q earnings report. Red Hat reported sales of $543.5 million, exceeding Street estimates of $537.5 million. Pro forma EPS of $0.52 beat the Street's projection of... More

Needham & Company Remains Bullish Following Red Hat's (RHT) Solid 4Q Results

Needham & Company reiterated a Buy rating and $98.00 price target on Red Hat (NYSE: RHT) following the company's 4Q earnings report. Red Hats $544m revenue and $0.52 EPS were above consensus $537m and $0.47 EPS, with $0.04 EPS due to tax benefit.

Analyst Scott... More

Mizuho Securities Reiterates Buy on Red Hat (RHT) Following 4Q Earnings Report

Mizuho Securities reiterated a Buy rating and $88. price target on Red Hat (NYSE: RHT) following the company's 4Q earnings report. RHT reported total revenues of $544mm, +17% Y/Y or +21% in constant currency. The upside was driven by subscription sales that came in at $480mm... More

Red Hat (RHT) Q4 Billings Miss, but FY17 Targets 'Entirely Achievable' - BTIG

BTIG affirms Red Hat (NYSE: RHT) with a Buy rating and $92 price target following a "mostly solid" Q4 report, but lighter guidance than expected.

Analyst Joel Fishbein, Jr., noted a pressured billings line result in Q4, commenting, Management didnt cite specific reasons for the lower than... More

Red Hat (RHT) Tops Q4 EPS by 5c; FY EPS Guidance Beats

Red Hat (NYSE: RHT) reported Q4 EPS of $0.52, $0.05 better than the analyst estimate of $0.47. Revenue for the quarter came in at $544 million versus the consensus estimate of $534.6 million.

GUIDANCE:

Red Hat sees FY2017 EPS of $2.22 - $2.26, versus the consensus of... More