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RHT

Red Hat

$181.72

0.09 (0.05%)

14:49
03/25/19
03/25
14:49
03/25/19
14:49

Red Hat options imply 2.8% move in share price post-earnings, below median historical move

Pre-earnings options volume in Red Hat is 2.5x normal with calls leading puts 10:9. Implied volatility suggests the market is anticipating a move near 2.8%, or $5.03, after results are released. Median move over the past eight quarters is 5.3%.

RHT Red Hat
$181.72

0.09 (0.05%)

12/03/18
STFL
12/03/18
NO CHANGE
Target $190
STFL
Hold
After proxy, Stifel says Google could come back with bid for Red Hat
After Red Hat (RHT) filed a proxy on Friday evening related to its pending acquisition by IBM (IBM) that mentioned three other parties interested in a potential purchase, Stifel analyst Brad Reback said he believes that "Party A" in the filing is Microsoft (MSFT), that "Party B" is Google (GOOGL) and that "Party C" is Amazon (AMZN). If he is correct with that assessment of the identities of the parties, it is a clear indication that Red Hat shopped itself to the "logical players" during the negotiation process, said Reback, who believes there is still a chance Google may come back and make a bid for Red Hat given the change of leadership in the Google Cloud unit. The analyst, who views Red Hat as a unique asset with strong enterprise relationships, hybrid cloud capabilities, and an open source heritage, keeps a Hold rating and $190 price target on the stock given the existing deal with IBM.
12/18/18
BTIG
12/18/18
NO CHANGE
Target $176
BTIG
Neutral
Red Hat results saw 'soft subscription revenues but strong billings', says BTIG
BTIG analyst Joel Fishbein kept his Neutral rating and $176 price target on Red Hat (RHT) after its Q3 results, saying that its subscription revenue miss was impacted by currency headwinds. The analyst is positive on the company's "strong billings", which he sees as a better leading indicator of business, adding that Red Hat looks to be "regaining its footing as it attempts to get back on track after working through some kinks in the subscription model." Fishbein further notes that this latest quarter "does nothing" to alter his view that the Red Hat - IBM (IBM) deal is likely to close, and that Red Hat shares will approach the $190 takeout price.
01/23/19
BMOC
01/23/19
NO CHANGE
Target $147
BMOC
Market Perform
IBM price target raised to $147 from $145 at BMO Capital
BMO Capital analyst Keith Bachman raised his price target on IBM (IBM) to $147 after the company's better than expected Q4 revenues in its "three important business units of Cognitive, GBS and Tech Services." The analyst also contends that while the outlook for FY19 earnings was below consensus, he sees progress on revenues as more important for the company. Bachman adds that he remains constructive on the impact of IBM's pending Red Hat (RHT) deal improving its top line, but does not see the current valuation for IBM as sufficiently compelling for a more constructive view, keeping his Market Perform rating.
03/14/19
DADA
03/14/19
NO CHANGE
Target $115
DADA
Neutral
MongoDB price target raised to $115 from $80 at DA Davidson
DA Davidson analyst Rishi Jaluria raised his price target on MongoDB (MDB) after its "strong beat and raise quarter" that was highlighted by accelerating growth and its Atlas data source reaching 32% of revenue. The analyst notes that the outperformance also countered concerns about Amazon's (AMZN) AWS and Red Hat (RHT), which he sees as "overblown". Jaluria is keeping his Neutral rating on MongoDB in spite of the strong quarter however, saying its shares are "fully valued".

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ONCT

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HZN

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ORCL

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NLNK

NewLink Genetics

$1.61

-0.015 (-0.93%)

, EVRC

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$0.00

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EVRC

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NLNK

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BXRX

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ORCL

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