Form 8-K RED HAT INC For: Mar 22

Go back to Form 8-K RED HAT INC For: Mar 22

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

March 23, 2016 6:42 AM EDT

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