Red Hat (RHT) Tops Q1 EPS by 3c, Offers Mixed Q2 and FY Guidance
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June 22, 2018 7:39 AM EDT
Deutsche Bank lowered its price target on Red Hat (NYSE: RHT) to $170.00 (from $185.00) while maintaining a Buy rating following results.
Analyst Karl Keistead commented, "Following a stellar FY18 and strong 4QF18 results, Red Hat posted surprisingly soft 1QF19 numbers and 2QF19 guide. While... More
June 22, 2018 6:47 AM EDT
RBC Capital lowered its price target on Red Hat (NYSE: RHT) to $177.00 (from $180.00) while maintaining an Outperform rating.
Analyst Matthew Hedberg calls results a "bump in the road of a long-term bullish thesis."
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June 21, 2018 4:20 PM EDT
Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced that its Board of Directors has authorized the repurchase of up to $1 billion of the Companys common stock from time to time on the open market or in privately negotiated transactions.
The new program is to replace the previous $1 billion repurchase program that... More
