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

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

June 23, 2016 8:57 AM EDT

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

June 23, 2016 8:47 AM EDT

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

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

June 23, 2016 7:26 AM EDT

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

June 23, 2016 6:35 AM EDT

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

After-Hours Stock Movers 06/22: (APOG) (BKS) (MLHR) Higher; (SCS) (CASC) (RHT) Lower (more...)

June 22, 2016 6:11 PM EDT

Steelcase (NYSE: SCS) 9.8% LOWER; reported Q1 EPS of $0.18, $0.02 better than the analyst estimate of $0.16. Revenue for the quarter came in at $718.8 million versus the consensus estimate of $702.37 million. GUIDANCE: Steelcase sees Q2 2017 EPS of $0.29 - $0.33, versus the consensus of $0.37. Steelcase sees Q2 2017 revenue of $770 - $795 million, versus the consensus of $827.3 million.

Apogee Enterprises (NASDAQ: APOG) 8.4% HIGHER; reported Q1 EPS of $0.61, $0.12 better than the analyst estimate of $0.49. Revenue for the quarter came in at $247.9 million versus the consensus estimate of $247.18... More

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

June 22, 2016 4:16 PM EDT

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

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

June 22, 2016 4:16 PM EDT

Red Hat (NYSE: RHT) reported Q1 EPS of $0.50, in-line with the analyst estimate of $0.50. Revenue for the quarter came in at $568 million versus the consensus estimate of $562.76 million.

Share Repurchase Program:

Red Hat, Inc. (NYSE:... More

ReRed Hat (RHT) July volatility elevated at 108 into Q1 and outlook

June 22, 2016 2:42 PM EDT

Red Hat (NYSE: RHT) July call option implied volatility is at 108, August is at 40; compared to its 52-week range of 20 to 53 into the expected release today of Q1 results today after the market close.

... More

Trading Radar for 6/22: Honeywell (HON), Winnebago (WGO), Red Hat (RHT), Steelcase (SCS) Report

June 21, 2016 2:07 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 277kContinuing Claims - no Street consensus

Earnings:

Honeywell (NYSE:... More

UBS Reiterates Buy on Red Hat (RHT) Ahead of 1Q Report

June 21, 2016 8:11 AM EDT

UBS reiterated a Buy rating and $89.00 price target on Red Hat (NYSE: RHT) ahead of the company's 1Q earnings report. A series of proprietary checks with RHT customers, partners, and ex-employees showed positive results on current positioning, but mixed on the longer-term.

Analyst... More