Red Hat Reports Fourth Quarter and Fiscal Year 2018 Results
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Red Hat (RHT) PT Raised to $130 at BofA/Merrill Lynch Following 4Q
March 27, 2018 7:26 AM EDTBofA/Merrill Lynch raised its price target on Red Hat (NYSE: RHT) to $130.00 (from $115.00) while maintaining a Underperform rating following the company's 4Q earnings report.
Results beat estimates across the board and FY19E revenue was guided above the Street. However, FX adjusted... More
Red Hat (RHT) PT Raised to $172 at RBC Capital
March 27, 2018 6:37 AM EDTRBC Capital raised its price target on Red Hat (NYSE: RHT) to $172.00 (from $166.00) while maintaining an Outperform rating following results.
Analyst Matthew Hedberg notes the company reported another strong quarter with billings up 25% y/y. They view the company as well positioned for the... More
Red Hat (RHT) Tops Q4 EPS by 10c, Offers FY and Q1 Guidance
March 26, 2018 4:17 PM EDTRed Hat (NYSE: RHT) reported Q4 EPS of $0.91, $0.10 better than the analyst estimate of $0.81. Revenue for the quarter came in at $772 million versus the consensus estimate of $761.6 million.
GUIDANCE:
Red Hat sees FY2019 EPS of $3.38-$3.41, versus the consensus... More
