Red Hat (RHT) June weekly volatility elevated into Q1 EPS and outlook

Red Hat (RHT) to Support Cloud Infrastructure Migration for British Army

Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced that the British Army has migrated its private cloud environment to Red Hat Enterprise Linux and is using Ansible Tower by Red Hat for automation and orchestration. With Red Hat Enterprise Linux and Ansible Tower by Red Hat, the British Army is able to deliver applications more quickly and efficiently, with less downtime, to better meet the needs of end users.

Headquartered in Andover, UK, the British Army has more than 19,000 soldiers deployed in commitments, in more... More

Red Hat (RHT) PT Raised to $98 at MKM Partners Following 1Q

MKM Partners raised its price target on Red Hat (NYSE: RHT) to $98.00 (from $82.00) while maintaining a Neutral rating following the company's 1Q. Revenues of $677mn were $29mn better than consensus, and drove op margins and EPS that were 30bps and $0.03 ahead of consensus,... More

Red Hat (RHT) PT Raised to $112 at Rosenblatt Following 1Q

Rosenblatt raised its price target on Red Hat (NYSE: RHT) to $112.00 (from $95.00) while maintaining a Buy rating following 1Q results.

Large deal metrics showed real strength in the quarter with 44 deals over $1 million, 7 over $5 million, 4 over $10 million and 1 over $20 million. While the... More

Red Hat (RHT) PT Raised to $105 at BofA/Merrill Lynch Following 1Q

BofA/Merrill Lynch raised its price target on Red Hat (NYSE: RHT) to $105.00 (from $92.00) while maintaining a Neutral rating following the company's 1Q billings results. Billings of $631mn, came in well above $616mn estimates.

Margin leverage will be likely muted... More

Red Hat (RHT) PT Raised to $127 at Drexel Hamilton Following 1Q Report

Drexel Hamilton raised its price target on Red Hat (NYSE: RHT) to $127.00 (from $110.00) while maintaining a Buy rating following the company's 1Q report. Red Hat reported 1Q sales of $676.8 million, ahead of the Street's $647.4 million estimate. Pro forma EPS of $0.56 exceeded the Street's EPS... More