Red Hat (RHT) Reports In-Line Q1 EPS; Guides FY17 EPS Below Views

Red Hat (RHT) Results Solid and Guidance Appears Conservative - Credit Suisse

Credit Suisse analyst S. Panigrahi reiterated an Outperform rating and $95 price target on Red Hat (NYSE: RHT) following Q1 results, which they called 'solid'. Guidance also appears conservative.

Panigrahi commented, " Red Hat reported May quarter results with revenue, billings, deferred revenue, and cash flow above consensus expectations, driven by strong sales execution, increased cross... More

Drexel Hamilton Reiterates Buy on Red Hat (RHT) Following Solid 1Q Earnings

Drexel Hamilton reiterated a Buy rating and $105.00 price target on Red Hat (NYSE: RHT) following the company's 1Q earnings report. Red Hat reported sales of $567.9 million, which beat the Street's $562.6 million estimate. Pro forma EPS of $0.50 was in-line with the Street.

Analyst Brian... More

Mizuho Securities Remains Bullish on Red Hat (RHT) Following Strong 1Q

Mizuho Securities reiterated a Buy rating and $88.00 price target on Red Hat (NYSE: RHT) following the company's 1Q earnings report. Revenue of $568mm was above consensus estimates and the upper-end of guidance. EPS of $0.50 was in-line with consensus. Results were driven by consistent... More

Needham & Company Reiterates Buy on Red Hat (RHT) Following 1Q Report

Needham & Company reiterated a Buy rating and $98.00 price target on Red Hat (NYSE: RHT) following the company's 1Q earnings report. RHT reported revenues of $568m, slightly better than the consensus estimate of $563m. The company's $0.50 EPS was in line with consensus. 2Q guidance for revenue bracketed the Street, and EPS of $0.54 is below... More

BTIG Still Sees Long-Term Potential in Red Hat (RHT); Affirms at 'Buy' Following Q1 Report

BTIG affirms Red Hat (NYSE: RHT) with a Buy rating and $92 price target following the company's Q1 results issued Wednesday night.

Analyst Joel Fishbien commented today: Revenues were slightly ahead of expectations and cross selling / booking metrics continue to see positive... More

Red Hat (RHT) Approves $1B Common Stock Buyback Program

Red Hat, Inc. (NYSE: RHT) announced that its Board of Directors has authorized the repurchase of up to $1 billion of the Companys common stock from time to time on the open market or in privately negotiated transactions.

The new program is to replace the previous $500 million repurchase program that will be terminated effective June 30, 2016. Approximately $329 million was used under the... More