Skip to main content

Market Overview

Red Hat Considered The 'Best Positioned' Software Company By MKM

Share:
Red Hat Considered The 'Best Positioned' Software Company By MKM

In a note to investors Thursday, MKM analyst Kevin Buttigieg admitted to several disappointing features of Red Hat Inc (NYSE: RHT)’s recent earnings release.

  • Billings growth was good, but some slowing was evident.
  • Acquisitions put pressure on cash flows and affected guidance.
  • Speaking of guidance, it was mixed, with revenue reaffirmed but EPS estimated lower by $0.03

Despite these bearish indicators, Buttigieg continues to see Red Hat as one of the best names in infrastructure software. However, he retains his Neutral rating based on the height of the current market valuation and the pressure acquisitions will place on margins and cash flow.

Latest Ratings for RHT

DateFirmActionFromTo
Jul 2019BairdSuspendsNot Rated
Jun 2019William BlairDowngradesOutperformMarket Perform
Nov 2018KeybancDowngradesOverweightSector Weight

View More Analyst Ratings for RHT

View the Latest Analyst Ratings

 

Related Articles (RHT)

View Comments and Join the Discussion!

Posted-In: Kevin Buttigieg MKMAnalyst Color Analyst Ratings

Latest Ratings

StockFirmActionPT
SEDGB of A SecuritiesMaintains411.0
PTLOPiper SandlerMaintains28.0
AOUTLake StreetMaintains26.0
RAPTPiper SandlerMaintains52.0
OCXLake StreetMaintains6.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com