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

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 $105 at Oppenheimer on 1Q Beat; 'Strong Results Show Diversification Gains'

Oppenheimer raised its price target on Red Hat (NYSE: RHT) to $105.00 (from $96.00) while maintaining a Outperform rating, following the company's first quarter earnings report.

Analyst Ittai Kidron notes the company delivered first quarter earnings per share and revenue results above consensus projections, while... 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

Red Hat (RHT) PT Raised to $98 at Morgan Stanley

Morgan Stanley raised its price target on Red Hat (NYSE: RHT) to $98.00 (from $90.00) while maintaining a Equalweight rating.

Red Hat (RHT) PT Raised to $109 at Mizuho Securities on 1Q18 Beat; 'Strong Performance Likely to Help Sustain Stock Price Momentum'

Mizuho Securities raised its price target on Red Hat (NYSE: RHT) to $109.00 (from $96.00) while maintaining a Buy rating, following the company's 2018 first quarter earnings report.

Analyst Abhey Lamba notes the company delivered 2018 fiscal first quarter earnings per share and revenues above consensus projections... More

Red Hat (RHT) PT Raised to $110 at Deutsche Bank

Deutsche Bank raised its price target on Red Hat (NYSE: RHT) to $110.00 (from $100.00) while maintaining a Buy rating following another big quarter, highlighted by billings growth of 21% to $631M.

Karl Keirstead said the revenue beat of 4% was "unusually high" amid better linearity and faster ramps.

Red Hat (RHT) PT Raised to $105 at Cowen

Cowen raised its price target on Red Hat (NYSE: RHT) to $105.00 (from $98.00) while maintaining a Outperform rating following strong Q1 as revenue and billings easily exceeded expectations, and EPS topped the firm's and Street estimates. The company also provided a healthy F2Q outlook... More

Red Hat (RHT) PT Raised to $97 at Goldman Sachs

Goldman Sachs raised its price target on Red Hat (NYSE: RHT) to $97.00 (from $85.00) while maintaining a Buy rating.

Red Hat (RHT) PT Raised to $120 at BTIG

BTIG raised its price target on Red Hat (NYSE: RHT) to $120.00 (from $95.00) while maintaining a Buy rating.

Stifel Upgrades Red Hat (RHT) to Buy, "Hybrid Cloud Lifting Red Hat to New Heights"

Stifel upgraded Red Hat (NYSE: RHT) from Hold to Buy with a price target of $115.00 (from $83.00).

Analyst Brad Reback likes the company's strong start to the year. He notes "it has become increasingly clear Red Hat is effectively capitalizing on the opportunity presented by... More