Red Hat (RHT) Tops Q3 EPS by 3c; CFO to Resign

Deutsche Bank Cuts Price Target on Red Hat (RHT) to $90 Following 3Q Report

Deutsche 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

JMP 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

Jefferies 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

Needham & 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

Stifel 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.

UPDATE: BMO Capital Downgrades Red Hat (RHT) to Market Perform

(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

Red 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