Red Hat

Deutsche Bank is out with its report today on Red Hat (NYSE: RHT), maintaining Hold. In a note to clients, Deutsche Bank writes, "RHT reported strong F1Q12 results with revenues, EPS, cash flow and billings all exceeding expectations. Performance was driven by strong execution and a strong demand...

Evercore Partners has raised the price target on Red Hat (NYSE: RHT) from $50 to $52 and maintains its Overweight rating.

Piper Jaffray has raised the price target on Red Hat (NYSE: RHT) from $57 to $59 and maintains its Overweight rating.

Red Hat, Inc. (NYSE: RHT) reported Q4 results above consensus and also initiated FY12 guidance ahead of expectations, Piper Jaffray reports. “Strong demand for open source Cloud infrastructure drove billings growth of 31%, materially above consensus of 17%. Results correlated to our recent survey...

Red Hat, Inc. (NYSE: RHT) reported strong 4Q11 results, highlighted by ~30% billings growth and a 22% YoY increase in CFFO, Oppenheimer reports. “While the stock has been under pressure due to concerns surrounding the impact of slowing server shipment growth on FY12 billings/CFFO, we believe the...

Morgan Stanley is out with its report today on Red Hat (NYSE: RHT), maintaining Overweight after RHT's strong Q4 results. In a note to clients, Morgan Stanley writes, "RHT blew out Q4 ests. with key metrics effectively dismantling the three bear cases weighing on the stock. 1) Billings accelerated...

Piper Jaffray surveyed 46 Red Hat (NYSE: RHT) partners “for an early assessment of the flagship product cycle, RHEL 6, and walk away with greater conviction that RHEL 6 extends RHT's competitive lead and will drive strong bookings growth in 2011.” “35% of partners view RHEL 6 as more meaningful...

JP Morgan has downgraded Red Hat Inc. (NYSE: RHT) from Neutral to Underweight and maintains its $32 price target.

Jefferies is making some adjustments to its estimates on Red Hat, Inc. (NYSE: RHT). “Q4:FY revenue/pf-EPS/GAAP CFFO estimates move to $235mm/21c/$89mm from $230.3mm/19c $90.7mm,” Jefferies writes. “Our FY11 estimates move to $900mm/78c/$284.8mm from $885mm/76c/$288mm. Our FY12 estimates move to $...

Red Hat (NYSE: RHT) reported Q3 earnings yesterday to a lukewarm reception closing yesterday at 47.88 down .08%. This past fiscal year, Red Hat had a big rally of over 60% giving analyst false hope that the stock would report better than expected earnings. The report was released at the closing...

Oppenheimer is raising its PT on Red Hat, Inc. (NYSE: RHT) shares to $55 (from $40) following “better than expected results highlighted by an acceleration in billings growth to 20% and a 31% YoY increase in CFFO to $71M.” “We expect RHT to sustain this strong momentum as it benefits from the...

Deutsche Bank has raised the price target on Red Hat, Inc. (NYSE: RHT) from $40 to $48.

Piper Jaffray has raised the price target on Red Hat, Inc. (NYSE: RHT) from $55 to $57.

JP Morgan has raised the price target on Red Hat, Inc. (NYSE: RHT) from $27 to $32.

Global Equities Research said that it expects Red Hat, Inc. (NYSE: RHT) to “easily beat the revenue numbers.” The EPS, meanwhile, may be in line. “New Project starts on Red Hat are accelerating and continue to exceed Microsoft by 5:3,” Global Equities Research writes. “Free to Paid shift continues...