Red Hat Seen Reporting Fiscal Fourth-Quarter Results in Line With Estimates

Red Hat Inc., a Raleigh, N.C.-based open-source software maker, reports fourth-quarter earnings on Tuesday, March 28, after the market close. The following is a summary of key developments and analyst opinion related to the period.

SunTrust Robinson Humphrey analyst Terry Tillman, who has a "Buy" rating on the stock, expects the company to report revenue in line with expectations, and believes there could be upside to his estimate for $64.5 million in subscription revenue. Tillman said he will be paying keen attention to 2007 guidance, which the company is expected to initiate on Tuesday.

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In a related take:

St. Patrick's Day has come and gone, and with it, the fashionable green ties. Tomorrow, red will be the order of the day. Red Hat (Nasdaq: RHAT), the purveyor of Linux solutions, reports its numbers for fiscal Q4 and full-year 2006.

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