Deutsche Bank Cuts Price Target on Red Hat (RHT) to $90 Following 3Q Report
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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
Retailers weigh on Wall Street, Dow 20,000 slips away
December 22, 2016 7:32 AM ESTBy Noel Randewich
(Reuters) - U.S. stocks fell on Thursday, weighed down by weakness in retailers, as investors stepped back from a recent rally fueled by optimism that President-elect Donald Trump will invigorate economic growth.
The decline pulled the Dow Jones industrial average further away from the 20,000 mark after it nearly breached that level this week for the first time.
Retail stocks fell after CNN reported Trump's transition team is considering a tariff of as much as 10 percent on imports. The S&P 500 consumer discretionary index lost 1.01 percent, its biggest one-day decline since October.
... MoreNeedham & 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): Cutting PT to $80 From $88 - Mizuho
December 22, 2016 6:21 AM ESTMizuho Securities analyst, Abhey Lamba, cut his price target but reiterated his Buy rating on shares of Red Hat (NYSE: RHT) after the company reported third quarter results that came in below expectations.
The company called out FX and slipped deals as... More
After-Hours Stock Movers 12/21: (XOMA) (MU) Higher; (OVAS) (RHT) (MLHR) Lower (more...)
December 21, 2016 5:45 PM ESTToday's After-Hours Movers
OvaScience (NASDAQ: OVAS) 32.7% LOWER; The Company will continue to make AUGMENTSM available to patients at partner clinics in Canada and Japan and maintain its current commercial footprint. However, the Company will slow its commercial expansion, reassess its ongoing and planned clinical studies of AUGMENT, and undertake a corporate restructuring. These changes will enable the Company to extend its cash position into the first quarter of 2019 and increase its focus on the development of OvaPrimeSM and OvaTureSM. In connection with this shift in strategy, President and... 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
Red Hat (RHT) December weekly 79.50 straddle priced for movement of 5.4% into Q3
December 21, 2016 3:25 PM ESTRed Hat (NYSE: RHT) December weekly 79.50 straddle priced for movement of 5.4% into Q3
... MoreUBS Reiterates Buy on Red Hat (RHT) as Survey Shows High Interest Levels
December 20, 2016 10:45 AM ESTUBS reiterated a Buy rating and $90.00 price target on Red Hat (NYSE: RHT) following a... More
