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

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

Pre-Open Stock Movers 06/21: (CA) (LZB) (RHT) Higher; (SGMO) (FL) (FINL) Lower (more...)

June 21, 2017 9:23 AM EDT

Today Pre-Open Movers

CA Technologies (NASDAQ: CA) 13% HIGHER; BMC Software, CA Technologies (NASDAQ: CA) weigh deal to combine, take CA private - Bloomberg

La-Z-Boy (NYSE: LZB) 10.8% HIGHER; reported Q4 EPS of $0.57, $0.11 better than the analyst estimate of $0.46. Revenue for the quarter came in at $412.7 million versus the consensus estimate of $400.25 million.

Red Hat (NYSE: RHT) 10% HIGHER; reported Q1 EPS of $0.56, $0.03 better... 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 $105 at Oppenheimer on 1Q Beat; 'Strong Results Show Diversification Gains'

June 21, 2017 9:17 AM EDT

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

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) PT Raised to $98 at Morgan Stanley

June 21, 2017 7:49 AM EDT

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

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

June 21, 2017 6:55 AM EDT

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

June 21, 2017 6:26 AM EDT

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.

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

June 21, 2017 6:10 AM EDT

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

June 21, 2017 5:17 AM EDT

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

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

June 21, 2017 5:07 AM EDT

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

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

June 21, 2017 5:01 AM EDT

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

Red Hat (RHT) PT Raised to $115 at Pacific Crest

June 21, 2017 3:55 AM EDT

Pacific Crest raised its price target on Red Hat (NYSE: RHT) to $115.00 (from $97.00) while maintaining a Overweight rating.

Analyst Ben McFadden calls the company a best-in-class infrastructure software name and raises his estimates for the company. He says RHT Q1... More

After-Hours Stock Movers 06/20: (LZB) (RHT) (CA) Higher; (SGMO) (PSTI) (TDOC) Lower (more...)

June 20, 2017 6:02 PM EDT

Today After-Hours Movers

Giga-tronics (NASDAQ: GIGA) 19.4% HIGHER; reported Q1 EPS of ($0.05), versus ($0.18) reported last year. Revenue for the quarter came in at $5.2 million, versus $2.7 million reported last year. For personal reasons, Joey Thompson is stepping down from the Acting CEO role and will instead be named Executive Chairman. The Companys Board of Directors is in the process of reviewing strategic alternatives in an attempt to enhance shareholder value, including a possible sale, merger, spin-off or other separation of a selected business or other form of business combination or strategic... 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

Red Hat (RHT) call put ratio 1 to 1 as shares near record high into Q1

June 20, 2017 12:15 PM EDT

Red Hat (NYSE: RHT) 30-day call option implied volatility of 36 compares to volatility of 26 from a month ago.

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

June 20, 2017 11:43 AM EDT

Red Hat (NYSE: RHT) June weekly call option implied volatility is at 89, July is at 34, August is at 29; compared to its 52-week range of 17 to 40 into the expected release of Q1 results today.

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