Red Hat Drives DevOps Adoption and Application Scalability with Latest Version of Red Hat OpenShift Container Platform

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Oppenheimer Reiterates Buy as Red Hat (RHT) Reports Solid 2Q Results

September 22, 2016 9:58 AM EDT

Oppenheimer 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