Red Hat Reports Fourth Quarter and Fiscal Year 2017 Results

Red Hat (RHT) PT Raised to $82 at MKM Partners; Reiterates Neutral

March 28, 2017 10:47 AM EDT

MKM Partners raised its price target on Red Hat (NYSE: RHT) to $82.00 (from $75.00) while maintaining a Neutral rating.

Analyst Kevin Buttigieg commented, "RHT's billings surged to its fastest growth rate in years and, at 29%, easily bested consensus expectations of mid-teens growth.... More

Red Hat (RHT) PT Raised to $110 at Drexel Hamilton Following 4Q

March 28, 2017 8:23 AM EDT

Drexel Hamilton raised its price target on Red Hat (NYSE: RHT) to $110.00 (from $105.00) while maintaining a Buy rating. Red Hat reported 4Q sales of $628.8 million that beat the Street at $618.6 million, while pro forma EPS of $0.61 met the Street.

Analyst Brian White... More

Red Hat (RHT) PT Raised to $80 at Goldman Sachs

March 28, 2017 8:12 AM EDT

Goldman Sachs raised its price target on Red Hat (NYSE: RHT) to $80.00 (from $72.00) while maintaining a Sell rating.

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Red Hat (RHT) PT Raised to $96 at Barclays; Reiterates Overweight

March 28, 2017 7:38 AM EDT

Barclays raised its price target on Red Hat (NYSE: RHT) to $96.00 (from $92.00) while maintaining a Overweight rating.

Analyst... More

Red Hat (RHT) PT Raised to $83 at Jefferies Following 4Q

March 28, 2017 7:08 AM EDT

Jefferies raised its price target on Red Hat (NYSE: RHT) to $83.00 (from $76.00) while maintaining a Hold rating. 4Q total revenue of $629M and subscription of $560M exceeded consensus of $619M and $550M. Non-GAAP EPS of $0.61 was in line with consensus.

Analyst John... More

Red Hat (RHT) PT Raised to $100 at Deutsche Bank; 'Strongest Quarters in Years'

March 28, 2017 6:20 AM EDT

Deutsche Bank raised its price target on Red Hat (NYSE: RHT) to $100.00 (from $90.00) while maintaining a Buy rating, saying after disappointing 3QF17 results, RHT rebounded with one of its strongest quarters in years.

Karl Keirstead commented, "Constant currency billings growth of 29% was... More

Red Hat (RHT) Reports In-Line Q4 EPS

March 27, 2017 4:15 PM EDT

Red Hat (NYSE: RHT) reported Q4 EPS of $0.61, in-line with the analyst estimate of $0.61. Revenue for the quarter came in at $629 million versus the consensus estimate of $618.76 million.

Fourth quarter total revenue of $629 million, up 16% year-over-year; full fiscal year total revenue of $2.4 billion, up 18%... More