Red Hat Reports First Quarter Results for Fiscal Year 2017
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Drexel Hamilton Reiterates Buy on Red Hat (RHT) Following Solid 1Q Earnings
June 23, 2016 8:47 AM EDTDrexel Hamilton reiterated a Buy rating and $105.00 price target on Red Hat (NYSE: RHT) following the company's 1Q earnings report. Red Hat reported sales of $567.9 million, which beat the Street's $562.6 million estimate. Pro forma EPS of $0.50 was in-line with the Street.
Analyst Brian... More
Mizuho Securities Remains Bullish on Red Hat (RHT) Following Strong 1Q
June 23, 2016 7:38 AM EDTMizuho Securities reiterated a Buy rating and $88.00 price target on Red Hat (NYSE: RHT) following the company's 1Q earnings report. Revenue of $568mm was above consensus estimates and the upper-end of guidance. EPS of $0.50 was in-line with consensus. Results were driven by consistent... More
Needham & Company Reiterates Buy on Red Hat (RHT) Following 1Q Report
June 23, 2016 7:26 AM EDTNeedham & Company reiterated a Buy rating and $98.00 price target on Red Hat (NYSE: RHT) following the company's 1Q earnings report. RHT reported revenues of $568m, slightly better than the consensus estimate of $563m. The company's $0.50 EPS was in line with consensus. 2Q guidance for revenue bracketed the Street, and EPS of $0.54 is below... More
Red Hat (RHT) Approves $1B Common Stock Buyback Program
June 22, 2016 4:16 PM EDTRed Hat, Inc. (NYSE: RHT) 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 $500 million repurchase program that will be terminated effective June 30, 2016. Approximately $329 million was used under the... More
