JPMorgan Downgrades Red Hat (RHT) to Neutral
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September 20, 2018 4:21 PM EDT
Red Hat, Inc. (NYSE: RHT) today announced that longtime technology executive Kevin M. Murai has been appointed to its board of directors.
Murai has been employed by Synnex Corporation (Synnex), a company providing distribution, logistics and integration services for the technology industry and outsourced services focused on customer engagement, since March 2008. He served as president and CEO (December 2008 - March 1, 2018), and president and co-CEO (March 2008 - December 2008). Murai has been a director... More
September 20, 2018 8:30 AM EDT
William 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
September 20, 2018 7:37 AM EDT
Citi 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
