Red Hat Reports First Quarter Results for Fiscal Year 2018

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

June 21, 2017 10:47 AM EDT

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

June 21, 2017 9:51 AM EDT

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

June 21, 2017 9:19 AM EDT

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

June 21, 2017 8:23 AM EDT

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

Red Hat (RHT) Tops Q1 EPS by 3c; Guides Above Views

June 20, 2017 4:16 PM EDT

Red Hat (NYSE: RHT) reported Q1 EPS of $0.56, $0.03 better than the analyst estimate of $0.53. Revenue for the quarter came in at $677 million versus the consensus estimate of $647.84 million.

First quarter total revenue of $677 million, up 19% year-over-year or 20% in constant currencyFirst quarter total subscription revenue of $597 million, up 19% year-over-year or 20% in constant currencyFirst quarter Application Development-related and other emerging technology subscription revenue of $139 million, up 41% year-over-year or 42% in constant currencyQuarter-end deferred revenue balance of $2.05 billion, up 21% year-over-year

"The first quarter was a strong start to FY18, with... More