Red Hat Reports Third Quarter Results for Fiscal Year 2017
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Deutsche Bank Cuts Price Target on Red Hat (RHT) to $90 Following 3Q Report
December 22, 2016 8:39 AM ESTDeutsche Bank maintained a Buy rating on Red Hat (NYSE: RHT), and cut the price target to $90.00 (from $95.00), following the company's 3Q earnings report.
Analyst... More
JMP Securities Cuts Price Target on Red Hat (RHT) Following Mixed 3Q
December 22, 2016 8:18 AM ESTJMP Securities maintained a Market Outperform rating on Red Hat (NYSE: RHT), and cut the price target to $93.00 (from $97.00), following the company's 3Q earnings... More
Jefferies Cuts Price Target on Red Hat (RHT) to $76 Following 3Q Report
December 22, 2016 7:32 AM ESTJefferies maintained a Hold rating on Red Hat (NYSE: RHT), and cut the price target to $76.00 (from $79.00), following the company's 3Q earnings report. Total revenues of $615M and subscription of $543M missed consensus of $619M and $546M. EPS of $0.61 was in line after excluding a... More
Needham & Company Cuts Price Target on Red Hat (RHT) Following 3Q Report
December 22, 2016 7:24 AM ESTNeedham & Company maintained a Buy rating on Red Hat (NYSE: RHT), and cut the price target to $89.00 (from $98.00), following the company's 3Q earnings report. For FY17, RHT lowered revenue by -24m and cash flow from operations by -32m at the midpoint; opmgn remains 23% and EPS was raised by $0.03 for... More
Stifel Downgrades Red Hat (RHT) to Hold
December 22, 2016 6:49 AM ESTStifel downgraded Red Hat (NYSE: RHT) from Buy to Hold with a price target of $70.00 (from $87.00).
For an analyst ratings summary and ratings history on Red Hat click here. For more ratings news on Red Hat click here.
Shares of Red Hat closed at $79.79 yesterday.
... MoreUPDATE: BMO Capital Downgrades Red Hat (RHT) to Market Perform
December 22, 2016 6:40 AM EST(Updated - December 22, 2016 8:44 AM EST)
BMO Capital downgraded Red Hat (NYSE: RHT) from Outperform to Market Perform with a price target of $75.00 (from $89.00).
Analyst Keith Bachman commented, "We are downgrading RHT from an Outperform to a Market Perform rating. We are lowering... More
Red Hat (RHT) CFO Frank Calderoni to Step Down
December 21, 2016 4:25 PM ESTRed Hat (NYSE: RHT) announced Frank Calderoni notified Red Hat of his decision to step down as Executive Vice President, Operations and Chief Financial Officer of Red Hat, effective in late January 2017, to enable him to accept a chief executive officer position at another... More
Red Hat (RHT) Tops Q3 EPS by 3c; CFO to Resign
December 21, 2016 4:22 PM ESTRed Hat (NYSE: RHT) reported Q3 EPS of $0.61, $0.03 better than the analyst estimate of $0.58. Revenue for the quarter came in at $615 million, p 18% year-over-year or 17% in constant currency, versus the consensus estimate of $618.02 million.
Frank Calderoni notified Red Hat of his decision to... More
