Red Hat Reports Second Quarter Results for Fiscal Year 2017
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Oppenheimer Reiterates Buy as Red Hat (RHT) Reports Solid 2Q Results
September 22, 2016 9:58 AM EDTOppenheimer reiterated an Outperform rating and $88.00 price target on Red Hat (NYSE: RHT) following the company's 2Q earnings report. RHT reported revenues of $599.8M and EPS of $0.55 versus the Street's $590.0M and $0.54 estimates. While near-term margins are likely to remain pressured by AD&E investment, Oppenheimer believes that... More
BMO Capital Raises Price Target on Red Hat (RHT) Following 2Q
September 22, 2016 8:45 AM EDTBMO Capital reiterated an Outperform rating on Red Hat (NYSE: RHT), and raised the price target to $89.00 (from $85.00), following the company's 2Q earnings report. RHT delivered good billings at $573 million vs. estimates of $556 million. Total revenues were $600 million vs. the consensus of $590 million.... More
Mizuho Securities Reiterates Buy on Red Hat (RHT) Following 2Q Report
September 22, 2016 7:41 AM EDTMizuho Securities reiterated a Buy rating and $88.00 price target on Red Hat (NYSE: RHT) following the company's 2Q earnings report. RHT reported total revenue of $600mm vs. consensus of $590mm with upside coming in from the subscription line as the company benefited from FX... More
