Information Provided By: 
Fly News Breaks for September 22, 2015
RHT
Sep 22, 2015 | 06:05 EDT
Jefferies analysts John DiFucci and Brad Zelnick say Red Hat's Q2 results are better than they appear. While the company's traditional billings proxy grew only 9%, a bit shy of expectations, its new business signed in the period was strong, up 36% to $143M, the analysts tell investors in a research note. Red Hat raised its annual outlook and issued an outlook for Q3 above consensus estimates, DiFucci and Zelnick point out. They keep a Hold rating on the name with a $72 price target.
News For RHT From the Last 2 Days
There are no results for your query RHT
