Red Hat Growth, Upgrades
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Red Hat Continues to Grow by Taking Share from Others
Red Hat reported its financial results for the third quarter of its fiscal 2016 year, once again showing continued revenue growth.
For the quarter, revenue was reported at $524 million, a 15 percent year-over-year gain. Net income was reported at $47 million, a marginal decline from the $48 million reported in the third quarter of fiscal 2015.
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Red Hat Inc (NYSE:RHT) Stock “Buy” Rating Maintained at Stifel Nicolaus; The Price Objective is Set to $97.00
In an analyst report sent to investors and clients on Friday morning, Red Hat Inc (NYSE:RHT) stock had its “Buy” Rating kept by stock analysts at Stifel Nicolaus. They currently have a $97.00 target price on firm. Stifel Nicolaus’s target would suggest a potential upside of 19.75 % from the company’s last price.
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Red Hat Inc (NYSE:RHT) Had Its Target Raised by Equity Analysts at Cowen to $86.00
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Red Hat Inc (NYSE:RHT) Had Its Target Price Increases by Analysts at Susquehanna to $97.00
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Jim Cramer's Top Takeaways: Red Hat, Isis Pharmaceuticals, AstraZeneca, Cummins
Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for Monday's trading.
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