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

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 $105 at Citi

March 28, 2017 6:24 AM EDT

Citi raised its price target on Red Hat (NYSE: RHT) to $105.00 (from $91.00) while maintaining a Buy rating.

Analyst Walter Pritchard comments "Strength continues to be broad-based across geographies and products, with emerging products accelerating to 40% Y/Y growth. Composition of larger deals suggest... 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) PT Raised to $95 at BTIG on 4Q Revenue Beat; 'Stellar Deal Metrics All Around'

March 28, 2017 6:16 AM EDT

BTIG analyst Joel Fishbein raised its price target on Red Hat (NYSE: RHT) to $95.00 (from $90.00) while maintaining a Buy rating, suggesting the company delivered stellar deal metrics all around, as management delivered strong fiscal fourth quarter results, with revenues above consensus.

Fishbein... More

Red Hat (RHT) PT Raised to $96 at Mizuho Securities on 4Q Revenue Beat & 'Large Deal Momentum'

March 28, 2017 5:59 AM EDT

Mizuho Securities analyst Abhey Lamba raised its price target on Red Hat (NYSE: RHT) to $96.00 (from $94.00) while maintaining a Buy rating, suggesting management showed upside on large deal momentum, as the company reported better than expected fourth quarter results, as revenues topped consensus.

Lamba comments,... More

Red Hat (RHT) PT Raised to $93 at Cowen on 'Good' 4Q Results 'Driven by Strong Billings Upside'

March 28, 2017 5:56 AM EDT

Cowen analyst Gregg Moskowitz raised its price target on Red Hat (NYSE: RHT) to $93.00 (from $88.00) while maintaining a Outperform rating, noting strong billings and large accounts, as the company reported fourth quarter revenues above consensus.

Moskowitz comments, "RHT... More

William Blair Reiterates Outperform Rating on Red Hat (RHT) Following Strong Q4 Results; 'Billings Re-Accelerate"

March 28, 2017 5:50 AM EDT

William Blair analyst Jasor Ader reiterates Outperform rating on Red Hat (NYSE: RHT), as the company reported strong fourth quarter results, with revenues beating consensus driven by large deals greater than $5million, including 6 deals over $20million.

Ader comments, " Red Hat turned in a strong... More

Stocks with Implied Volatility Movement

March 28, 2017 5:00 AM EDT

Red Hat (NYSE: RHT) implied volatility has had increased movement

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After-Hours Stock Movers 03/27: (PSIX) (OCN) (RHT) Higher; (CYRX) (EVH) (STOR) Lower (more...)

March 27, 2017 5:56 PM EDT

Today's After-Hours Mover

Power Solutions International, Inc.(NASDAQ: PSIX) 51.6% HIGHER; announced today a share purchase agreement with Weichai America Corp. (Weichai America), who will invest $60 million in PSI through a combination of newly issued common equity and preferred shares. Weichai America is a fully owned subsidiary company of Weichai Power Co., Ltd. a China-based leading global designer and manufacturer of diesel engines, having sold more than 4 million heavy duty diesel engines, with products sold in more than 110 countries around the world.

Cryoport, Inc. (NASDAQ:... 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

Red Hat (RHT) March weekly volatility elevated at 86 into Q4

March 27, 2017 1:36 PM EDT

Red Hat (NYSE: RHT) March weekly call option implied volatility is at 86, April is at 41, May is at 34; compared to its 52-week range of 29 to 38 into the expected release of Q4 results today after the market close.

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Bullish 'Sizable Trade' in Red Hat (RHT) Ahead of 3/27 Earnings Report -Susquehanna

March 24, 2017 1:25 PM EDT

Susquehanna options strategist Alison Edwards notes a 'sizable trade' in Red Hat (NYSE: RHT) with an opening investor buying ~6300 May 90 Calls for $1.40 into the company's March 27th earnings report.

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Drexel Hamilton Reiterates Buy Rating and $105 PT on Red Hat (RHT) Ahead of 3/27 Report

March 24, 2017 8:48 AM EDT

Drexel Hamilton analyst Brian White reiterates Buy rating and $105 price target on Red Hat (NYSE: RHT), suggesting investors remain on the lookout for consistency in fourth quarter and fiscal year 2018, following a tumultuous third quarter ahead of March 27th earnings... More