NYSE:RHT - Red Hat Stock Price, News, & Analysis

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$180.98 +0.96 (+0.53 %)
(As of 02/18/2019 06:58 AM ET)
Previous Close$180.02
Today's Range$180.25 - $181.44
52-Week Range$115.31 - $181.44
Volume1.41 million shs
Average Volume1.89 million shs
Market Capitalization$31.99 billion
P/E Ratio78.69
Dividend YieldN/A
Beta0.55
Red Hat, Inc. provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, mobile, and storage technologies to various enterprises worldwide. It offers infrastructure-related solutions, such as Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in hybrid cloud environments; Red Hat Satellite, a system management offering that helps to deploy, scale, and manage in hybrid cloud environments; and Red Hat Enterprise Virtualization, a software solution that allows customers to utilize and manage a common hardware infrastructure to run multiple operating systems and applications. The company offers application development-related and other technology solutions, such as Red Hat JBoss Middleware, a solution for developing, deploying, and managing applications; integrating applications, data, and devices; and automating business processes in hybrid cloud environments; The company's application development-related and other technology solutions also includes Red Hat cloud offerings, a software solution that enables customers to build and manage various cloud computing environments; Red Hat Mobile, a software development platform that enables customers to develop, integrate, deploy, and manage mobile applications for enterprises; and Red Hat Storage, a software solution that enables customers to manage large, unstructured, or semi-structured data in hybrid cloud environments. It also provides consulting, support, and training services; and realtime operating system, distributed computing, directory services, and user authentication. Red Hat, Inc. has collaboration with Juniper Networks Expand to provide a unified solution for enterprises designed to manage and run applications and services. The company was formerly known as Red Hat Software, Inc. and changed its name to Red Hat, Inc. in June 1999. Red Hat, Inc. was founded in 1993 and is headquartered in Raleigh, North Carolina.

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Industry, Sector and Symbol

Industry Computer programming, data processing, & other computer related
Sub-IndustrySystems Software
SectorComputer and Technology
Previous SymbolNASDAQ:RHAT
CUSIP75657710
Phone919-754-3700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.92 billion
Cash Flow$3.0847 per share
Book Value$8.31 per share

Profitability

Net Income$258.80 million

Miscellaneous

Employees11,870
Market Cap$31.99 billion
OptionableOptionable

Red Hat (NYSE:RHT) Frequently Asked Questions

What is Red Hat's stock symbol?

Red Hat trades on the New York Stock Exchange (NYSE) under the ticker symbol "RHT."

How will Red Hat's stock buyback program work?

Red Hat announced that its Board of Directors has authorized a stock buyback program on Thursday, June 21st 2018, which authorizes the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its shares are undervalued.

How were Red Hat's earnings last quarter?

Red Hat Inc (NYSE:RHT) released its quarterly earnings data on Monday, December, 17th. The open-source software company reported $0.96 EPS for the quarter, beating the Zacks' consensus estimate of $0.87 by $0.09. The open-source software company had revenue of $847 million for the quarter, compared to analyst estimates of $852.79 million. Red Hat had a return on equity of 33.96% and a net margin of 8.66%. The company's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 earnings per share. View Red Hat's Earnings History.

When is Red Hat's next earnings date?

Red Hat is scheduled to release their next quarterly earnings announcement on Monday, March 25th 2019. View Earnings Estimates for Red Hat.

What price target have analysts set for RHT?

28 analysts have issued twelve-month price targets for Red Hat's stock. Their predictions range from $84.00 to $190.00. On average, they anticipate Red Hat's share price to reach $165.2308 in the next twelve months. This suggests that the stock has a possible downside of 8.7%. View Analyst Price Targets for Red Hat.

What is the consensus analysts' recommendation for Red Hat?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Hat in the last year. There are currently 1 sell rating, 15 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Red Hat.

Has Red Hat been receiving favorable news coverage?

Press coverage about RHT stock has trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Red Hat earned a news impact score of 1.4 on InfoTrie's scale. They also gave headlines about the open-source software company a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future.

Who are some of Red Hat's key competitors?

Who are Red Hat's key executives?

Red Hat's management team includes the folowing people:
  • Mr. James M. Whitehurst, Pres, CEO & Director (Age 51)
  • Mr. Eric R. Shander, Exec. VP & CFO (Age 50)
  • Mr. Michael R. Cunningham, Exec. VP, Gen. Counsel & Corp. Sec. (Age 58)
  • Mr. Arun Oberoi, Exec. VP of Global Sales & Services (Age 64)
  • Mr. Paul J. Cormier, Exec. VP and Pres of Products & Technologies (Age 62)

Who are Red Hat's major shareholders?

Red Hat's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Oregon Public Employees Retirement Fund (5.71%), Jennison Associates LLC (2.50%), Northern Trust Corp (1.94%), Geode Capital Management LLC (1.38%), Legal & General Group Plc (0.50%) and Alpine Associates Management Inc. (0.36%). Company insiders that own Red Hat stock include Arun Oberoi, Charlene T Begley, Delisa Alexander, Eric Ryan Shander, Eugene Beukman, James M Whitehurst, Lisa Crossley, Michael A Kelly, Michael Cunningham, Paul J Cormier and William S Kaiser. View Institutional Ownership Trends for Red Hat.

Which institutional investors are selling Red Hat stock?

RHT stock was sold by a variety of institutional investors in the last quarter, including Ontario Teachers Pension Plan Board, Jennison Associates LLC, First Trust Advisors LP, Swedbank, Amundi Pioneer Asset Management Inc., Robeco Institutional Asset Management B.V., Korea Investment CORP and Brown Advisory Inc.. Company insiders that have sold Red Hat company stock in the last year include Arun Oberoi, Charlene T Begley, Delisa Alexander, James M Whitehurst, Michael A Kelly and Michael Cunningham. View Insider Buying and Selling for Red Hat.

Which institutional investors are buying Red Hat stock?

RHT stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Alpine Associates Management Inc., IndexIQ Advisors LLC, Sand Grove Capital Management LLP, Gabelli Funds LLC, GABELLI & Co INVESTMENT ADVISERS INC., Water Island Capital LLC and Banco Santander S.A.. View Insider Buying and Selling for Red Hat.

How do I buy shares of Red Hat?

Shares of RHT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Red Hat's stock price today?

One share of RHT stock can currently be purchased for approximately $180.98.

How big of a company is Red Hat?

Red Hat has a market capitalization of $31.99 billion and generates $2.92 billion in revenue each year. The open-source software company earns $258.80 million in net income (profit) each year or $2.30 on an earnings per share basis. Red Hat employs 11,870 workers across the globe.

What is Red Hat's official website?

The official website for Red Hat is http://www.redhat.com.

How can I contact Red Hat?

Red Hat's mailing address is 100 EAST DAVIE STREET, RALEIGH NC, 27601. The open-source software company can be reached via phone at 919-754-3700 or via email at [email protected]


MarketBeat Community Rating for Red Hat (NYSE RHT)

Community Ranking:  3.4 out of 5 (star star star)
Outperform Votes:  1,470 (Vote Outperform)
Underperform Votes:  691 (Vote Underperform)
Total Votes:  2,161
MarketBeat's community ratings are surveys of what our community members think about Red Hat and other stocks. Vote "Outperform" if you believe RHT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RHT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/18/2019 by MarketBeat.com Staff

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