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RHT

Red Hat

$169.60

52.94 (45.38%)

04:55
10/30/18
10/30
04:55
10/30/18
04:55

Red Hat management to meet with Piper Jaffray

Meeting to be held in Canada on October 30 hosted by Piper Jaffray.

  • 30

    Oct

  • 13

    Nov

RHT Red Hat
$169.60

52.94 (45.38%)

10/29/18
MSCO
10/29/18
NO CHANGE
MSCO
IBM deal reinforces Morgan Stanley confidence in Hybrid Cloud emergence
After IBM (IBM) announced its intention to acquire Red Hat (RHT) for about $34B in a deal with an over 60% premium to Red Hat's Friday closing price, Morgan Stanley analyst Keith Weiss said the announcement reinforced both his confidence in the emergence of Hybrid Cloud architectures and the strength of IT spending into 2019. Red Hat has been Microsoft's (MSFT) primary competitor within server operating systems, and has generally been taking share, said Weiss, who thinks the longer-term opportunity or threat for Microsoft hinges on the ability of IBM to execute well and maintain the open source enthusiasm around the Red Hat distributions. For VMware (VMW) and Pivotal Software (PVTL), while Weiss sees little near-term impact, he adds that the proposed combination would likely result in a fiercer competitive environment going forward. For New Relic (NEWR), he sees little direct competitive impacts from the proposed merger. Given HortonWorks' (HDP) strong existing ties to IBM, Cloudera (CLDR) could benefit by becoming a preferred data management vendor within the OpenShift ecosystem, Weiss added.
10/29/18
OPCO
10/29/18
NO CHANGE
OPCO
IBM/Red Hat may look to partner much more with Google, says Oppenheimer
Oppenheimer analyst Timothy Horan notes that IBM (IBM) and Red Hat (RHT) have lagged leaders such as Microsoft (MSFT), Amazon (AMZN), Google (GOOG; GOOGL) in the cloud. By merging, they are trying to improve their cloud position and Horan sees them looking to use the disruptive Container/Kubernetes to create a new hybrid cloud platform. Given how far behind they are in infrastructure, the analyst believes they may look to partner much more with Google, which is a threat to Microsoft more so than AWS. While Horan thinks the deal does open up an opportunity for a combined IBM/Red Hat to enter the market with a new service, they still have a long way to go before they can compete with Microsoft and Amazon in cloud.
10/29/18
FBCO
10/29/18
NO CHANGE
Target $190
FBCO
Neutral
Red Hat price target raised to $190 form $150 at Credit Suisse
Credit Suisse analyst Brad Zelnick raised his price target for Red Hat (RHT) to $190 from $150 following the company's announced acquisition by IBM (IBM). The analyst believes the $190 deal price, a 63% premium to Friday's close, represents full value, the result of a competitive process, and he does not foresee other bidders emerging. Further, Zelnick does not see regulatory obstacles blocking this deal. He reiterates a Neutral rating on Red Hat's shares.
10/29/18
NORL
10/29/18
DOWNGRADE
NORL
Market Perform
Red Hat downgraded to Market Perform from Outperform at Northland
Red Hat (RHT) is being acqured by IBM (IBM) for $190 per share.

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APO

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Qutoutiao

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Carlyle Group

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TEN

Tenneco

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-0.04 (-0.12%)

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FB

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HON

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PENN

Penn National

$19.76

-0.3 (-1.50%)

, VICI

VICI Properties

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AAPL

Apple

$192.23

-1.925 (-0.99%)

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CBAY

CymaBay

$9.01

-1.485 (-14.16%)

, ICPT

Intercept

$100.72

-0.07 (-0.07%)

06:07
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CBAY

CymaBay

$9.01

-1.485 (-14.16%)

ICPT

Intercept

$100.72

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  • 27

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LMFA

LM Funding

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ROLL

RBC Bearings

$154.43

-2.74 (-1.74%)

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AMZN

Amazon.com

$1,631.68

-5.02 (-0.31%)

06:05
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Amazon to benefit from massive tax breaks from both HQ2 cities, BI reports »

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AMTD

TD Ameritrade

$51.78

0.17 (0.33%)

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ARMK

Aramark

$35.44

0.845 (2.44%)

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CVIA

Covia

$5.83

0.255 (4.58%)

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EQT

EQT Corporation

$18.58

-16.025 (-46.32%)

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SSNLF

Samsung

$0.00

(0.00%)

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CVIA

Covia

$5.83

0.255 (4.58%)

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TPR

Tapestry

$41.10

-0.18 (-0.44%)

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DIS

Disney

$116.83

0.13 (0.11%)

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  • 14

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GIII

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$41.01

-0.03 (-0.07%)

, UAA

Under Armour

$22.79

0.2 (0.89%)

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Recommendations
G-III Apparel, Under Armour, Under Armour, Estee Lauder, PVH Corp., Take-Two, Netflix, GoDaddy, Ruth's Hospitality, Stitch Fix, Michaels analyst commentary  »

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GIII

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$41.01

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UAA

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UA

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PVH

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NFLX

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GDDY

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RUTH

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$27.60

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SFIX

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MIK

Michaels

$17.65

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BA

Boeing

$349.62

-7.31 (-2.05%)

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LBRDA

Liberty Broadband

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  • 14

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