Red Hat Reports Second Quarter Results for Fiscal Year 2019
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Red Hat (RHT) PT Lowered to $158 at BMO Capital
September 20, 2018 8:59 AM EDTBMO Capital analyst Keith Bachman lowered the price target on Red Hat (NYSE: RHT) to $158.00 (from $177.00) while maintaining a Market Perform rating.
Bachman notes while RHT had numerous positives in the Q, they think most will be overshadowed by the 8% y/y CC... More
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
Red Hat (RHT) Tops Q2 EPS by 3c, Q3 Guidance Misses Views
September 19, 2018 4:19 PM EDTRed Hat (NYSE: RHT) reported Q2 EPS of $0.85, $0.03 better than the analyst estimate of $0.82. Revenue for the quarter came in at $823 million versus the consensus estimate of $829.49 million.
GUIDANCE:
Red Hat sees Q3 2019 EPS of $0.87, versus the consensus of $0.92.... More
