Red Hat, Inc. (RHT) Maintains Hold Rating And $27 Price Target

Analysts Katherine Egbert and Ignatius Njoku at Jefferies & Company, Inc. have released an update on Red Hat, Inc. (NYSE: RHT). The company has reported its fourth-quarter results.

Red Hat reported revenue and pro forma EPS of $196 million and $0.19, respectively. Analysts were expecting the company to report revenue of $192 million and pro forma EPS of $0.16. Analysts expect a muted growth for the company in FY11.

Analysts at Jefferies & Company have maintained their Hold rating and $27 price target for Red Hat, Inc.