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William Blair Reiterates Outperform on Red Hat (RHT) Following Mixed 2Q
September 20, 2018 8:30 AM EDTWilliam Blair analyst, Jason Ader, reiterated an Outperform Red Hat (NYSE: RHT) following the company's 2Q. Red Hat delivered another mixed print as revenue missed consensus by roughly $2 million, non-GAAP EPS beat by $0.03, and billings beat consensus by $8 million.
With respect to the... More
Red Hat (RHT) PT Lowered to $163 at Citi Following 2Q
September 20, 2018 7:37 AM EDTCiti analyst Walter Pritchard lowered the price target on Red Hat (NYSE: RHT) to $163.00 (from $167.00) while maintaining a Buy rating following the company's 2Q. Headline revenue was lowlighted by infrastructure / RHEL growth of 8%. At the same time, the leading short-term billings metric accelerated to 18%... More
