MKM Cuts Fair Value Estimate on Red Hat (RHT)
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Needham & Company Reiterated Buy Rating on Red Hat (RHT)
September 25, 2012 9:34 AM EDTFollowing yesterday's results and guidance, Needham & Company reiterated a Buy rating on Red Hat (NYSE: RHT) and a price target of $63.00.
"Importantly, the cash flow guidance of $440-460m for FY13 was unchanged and is now biased toward the upper end of... More
Jefferies Says Red Hat (RHT) Results Good Enough, Reiterates Buy
September 25, 2012 8:02 AM EDTIn response to Red Hats (NYSE: RHT) F2Q results and guidance yesterday, analysts at Jefferies put out a note calling the results not perfect, but good enough.
We think F2Q13 cc billings growth of 19% Y/Y (versus 20% in F1Q13) and... More
Red Hat (RHT) EPS Misses Q2 Views Amid Robust Top-Line Growth
September 24, 2012 5:12 PM EDTInvestors in Red Hat (NYSE: RHT) are seeing a little red with shares trading lower late Monday following second-quarter results.
Sales rose 14.7 percent to $322.6 million, bolstered by strong subscription gains. Amid stronger top-line numbers, net income slipped 12.4 percent to $35 million, or 18 cents per... More
