Red Hat (RHT): Reit Buy On Strong Billings Growth - Needham

Red Hat (RHT): Impressive Quarter - UBS

UBS analyst, Brent Thill, reiterated his Buy rating on shares of Red Hat (NYSE: RHT) and raised his price target to $90 from $85 after posting 20% y/y growth in both subscription revenue (highest Q2 number in 5 yrs) and billings (beat by $16M, but off... More

BMO Capital Raises Price Target on Red Hat (RHT) Following 2Q

BMO 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

Red Hat (RHT): Raising PT After A Breakout Quarter - Drexel Hamilton

Drexel Hamilton analyst, Brian White, reiterated his Buy rating on shares of Red Hat (NYSE: RHT) and raised his price target to $110.00 (from $105.00) after determining that yesterday's report represents a breakout for the stock.

Despite a healthy performance this year, Red... More

Mizuho Securities Reiterates Buy on Red Hat (RHT) Following 2Q Report

Mizuho 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

Red Hat (RHT) Tops Q2 EPS by 1c

Red Hat (NYSE: RHT) reported Q2 EPS of $0.55, $0.01 better than the analyst estimate of $0.54. Revenue for the quarter came in at $600 million versus the consensus estimate of $593.34 million.

Subscription revenue from Infrastructure-related offerings for the quarter was $427 million, an increase of 18% in U.S.... More