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RHT

Red Hat

$181.44

-0.19 (-0.10%)

, IBM

IBM

$139.23

-0.3 (-0.22%)

07:34
03/26/19
03/26
07:34
03/26/19
07:34

Red Hat worth $190/share 'even as stand alone entity,' says Bernstein

Bernstein analyst Zane Chrane notes that Red Hat's (RHT) Q4 results are unlikely to have a material impact on the stock price given the expected acquisition by IBM (IBM) in the second half of 2019. However, strong growth in emerging products, continued reacceleration in RHEL revenue, and robust growth in deferred revenue and backlog all suggest the company is having increasing success in cross-selling its hybrid cloud solutions to large enterprise customers, he contends, adding that this quarter's results were "strong across the board," suggesting that the pending IBM deal is not having any negative impact on the company's execution. Chrane believes Red Hat is worth $190 per share "even as a stand-alone entity."

RHT

Red Hat

$181.44

-0.19 (-0.10%)

IBM

IBM

$139.23

-0.3 (-0.22%)

  • 30

    Apr

RHT Red Hat
$181.44

-0.19 (-0.10%)

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".
IBM IBM
$139.23

-0.3 (-0.22%)

01/31/19
TIGR
01/31/19
NO CHANGE
TIGR
Neutral
IBM's Cognitive Solutions strength offset by weak System, says Tigress Financial
Tigress Financial analyst Ivan Feinseth kept his Hold rating on IBM after another set of mixed results reported for Q4 last week. The analyst notes that the company's strong Cognitive Solutions performance continues to be offset by ongoing weakness in Systems revenue. Feinseth adds that its Business Performance is also trending, but sees IBM "starting to benefit from the growing performance of its Cognitive Solutions and Global Business Services business lines", driven by "growing demand for analytics, IoT, and security services."
02/11/19
PIPR
02/11/19
NO CHANGE
PIPR
Piper storage survey positive for Pure Storage, Nutanix, NetApp
Piper Jaffray conducted its fiscal Q4 Storage Reseller Survey by collecting feedback from 28 resellers and distributors. While only five of 14 vendors had net positive results versus six of the 14 last quarter, the firm saw "strong results" for Pure Storage (PSTG), Rubrik, Nutanix (NTNX), Veeam and NetApp (NTAP), analyst Andrew Nowinski told investors earlier in a research note. Pure Storage also had the strongest pipeline heading into the April quarter, added the analyst. The company's results sharply improved in the survey, with 67% of resellers citing "Above Plan" results, the highest level seen in three years, says Nowinski. The stock in early trading is up 19c to $18.47. Of those surveyed by Piper, 36% of resellers said they saw a negative impact from the U.S. government shutdown, with Dell (DELL), HP/3PAR (HPQ) and IBM (IMB) the most impacted.
03/15/19
BMOC
03/15/19
DOWNGRADE
Target $53
BMOC
Market Perform
Oracle downgraded to Market Perform from Outperform at BMO Capital
BMO Capital analyst Keith Bachman downgraded Oracle (ORCL) to Market Perform from Outperform with an unchanged price target of $53 following last night's fiscal Q3 results. The stock in premarket trading is down 3%, or $1.65, to $51.40. The analyst believes Oracle can sustain ~2% constant currency revenue growth, but is "dubious" the company can improve its revenue growth rates. He does not think autonomous database or gradual unfolding of the cloud enterprise resource planning market will help Oracle's growth in fiscal 2020. As demonstrated by IBM (IBM) over the years, an aggressive buyback will not be enough to push the shares meaningfully higher without improved top-line results, Bachman tells investors in a post-earnings research note. As such, he sees a balanced risk/reward profile at current share levels.

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RNLSY

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FMC Corporation

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MGM

MGM Resorts

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PYPL

PayPal

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Visa

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GOOG

Alphabet

$1,132.99

-7.56 (-0.66%)

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MSFT

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AMBA

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UBER

Uber

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APTO

Aptose Biosciences

$2.01

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TRNX

Taronis Technologies

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USEG

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AAPL

Apple

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SPCB

SuperCom

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USEG

U.S. Energy

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MYOV

Myovant Sciences

$12.39

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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

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NVS

Novartis

$87.49

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, QGEN

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$38.22

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AVH

Avianca

$3.96

0.91 (29.84%)

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AAPL

Apple

$179.03

-0.64 (-0.36%)

16:53
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  • 03

    Jun

SHSP

SharpSpring

$16.37

-0.24 (-1.44%)

16:52
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Breaking Syndicate news story on SharpSpring »

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  • 13

    Jun

CREG

China Recycling Energy

$0.48

0.005 (1.05%)

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FENC

Fennec

$3.88

(0.00%)

16:36
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16:36
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Fennec management to meet with Wedbush »

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TD

Toronto-Dominion

$56.66

0.65 (1.16%)

16:35
05/24/19
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16:35
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Breaking Syndicate news story on Toronto-Dominion »

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16:30
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16:30
Options
Preliminary option volume of 15.7M today »

Preliminary option volume…

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