Red Hat "market perform," estimates revised

09/26/07 - JMP Securities

NEW YORK, September 26 (newratings.com) - Analyst Denny C Fish of JMP Securities maintains his "market perform" rating on Red Hat Inc (RHT), while revising his estimates for the company.

In a research note published this morning, the analyst mentions that the company has reported mixed results for F2Q08, with revenues ahead of and EPS in-line with the consensus. Red Hat has indicated that JBoss’ performance was short of the guidance during F1H08. The EPS estimate for FY08 has been reduced from $0.72 to $0.71. The EPS estimate for FY09 has been raised $0.85 to $0.86.