Mizuho Securities Reiterates Buy Ahead of Red Hat's (RHT) 2Q Report
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Oppenheimer Reiterates Buy as Red Hat (RHT) Reports Solid 2Q Results
September 22, 2016 9:58 AM EDTOppenheimer reiterated an Outperform rating and $88.00 price target on Red Hat (NYSE: RHT) following the company's 2Q earnings report. RHT reported revenues of $599.8M and EPS of $0.55 versus the Street's $590.0M and $0.54 estimates. While near-term margins are likely to remain pressured by AD&E investment, Oppenheimer believes that... More
BMO Capital Raises Price Target on Red Hat (RHT) Following 2Q
September 22, 2016 8:45 AM EDTBMO Capital reiterated an Outperform rating on Red Hat (NYSE: RHT), and raised the price target to $89.00 (from $85.00), following the company's 2Q earnings report. RHT delivered good billings at $573 million vs. estimates of $556 million. Total revenues were $600 million vs. the consensus of $590 million.... More
Mizuho Securities Reiterates Buy on Red Hat (RHT) Following 2Q Report
September 22, 2016 7:41 AM EDTMizuho Securities reiterated a Buy rating and $88.00 price target on Red Hat (NYSE: RHT) following the company's 2Q earnings report. RHT reported total revenue of $600mm vs. consensus of $590mm with upside coming in from the subscription line as the company benefited from FX... More
Trading Radar for 9/21: General Mills (GIS), CarMax (KMX), Red Hat (RHT), Jabil (JBL), Analogic (ALOG) Report
September 20, 2016 2:08 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Earnings:
CarMax (NYSE: KMX) - consensus EPS $0.88
General Mills (NYSE: GIS) - consensus EPS... More
IBM (IBM), Red Hat (RHT) Enter Expanded Could Collaboration
September 19, 2016 4:02 PM EDTIBM (NYSE: IBM) and Red Hat, Inc. (NYSE: RHT), a leading provider of open source solutions, announced enhancements and growth in their long-standing alliance to better help clients embrace hybrid cloud. Through joint engineering and deeper product collaboration, the two companies plan to deliver solutions built on key components of Red Hat's portfolio of open source products, including Red Hat Enterprise Linux, Red Hat Virtualization, and Red Hat Enterprise Linux High Availability offerings. This move will help... More
