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NYSE:RHT

Red Hat (RHT) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$187.60
$187.81
50-Day Range
$187.71
$187.76
52-Week Range
$115.31
$189.14
Volume
999,351 shs
Average Volume
1.59 million shs
Market Capitalization
$33.43 billion
P/E Ratio
67.28
Dividend Yield
N/A
Price Target
N/A
RHT stock logo

About Red Hat Stock (NYSE:RHT)

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.

RHT Stock News Headlines

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Buy Rating on IBM: Anticipated Growth and Strategic Developments
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Company Calendar

Last Earnings
6/20/2019
Today
7/26/2024

Industry, Sector and Symbol

Industry
Computer Programming, Data Processing, & Other Computer Related
Sub-Industry
Systems Software
Previous Symbol
NASDAQ:RHAT
CUSIP
75657710
Fax
N/A
Employees
13,360
Year Founded
N/A

Profitability

Net Income
$433.99 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$3.36 billion
Cash Flow
$3.63 per share
Book Value
$9.13 per share

Miscellaneous

Free Float
N/A
Market Cap
$33.43 billion
Optionable
Optionable
Beta
0.45
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Should I Buy Red Hat Stock? RHT Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Red Hat Inc:

  • Red Hat Inc provides open source software solutions for various enterprises worldwide, offering a diverse range of technologies including operating systems, virtualization, cloud, and storage.
  • Red Hat's collaboration with Juniper Networks Expand to provide a unified solution for enterprises can enhance its market position and offerings.
  • Red Hat's strong presence in infrastructure-related solutions like Red Hat Enterprise Linux and Red Hat Satellite can provide stability and reliability to customers.
  • Red Hat's focus on application development-related solutions like Red Hat JBoss Middleware and Red Hat Mobile can cater to the growing demand for application management in hybrid cloud environments.
  • Red Hat's consulting, support, and training services can add value to customers and contribute to revenue growth.

Cons

Investors should be bearish about investing in Red Hat Inc for these reasons:

  • Uncertainty in the market due to the recent lawsuit targeting Red Hat's DEI efforts may impact investor sentiment and the company's reputation.
  • Fluctuations in the stock price of Red Hat Inc can pose risks to investors, especially in volatile market conditions.
  • Competition in the open-source software industry is intense, with other major players offering similar solutions, which could affect Red Hat's market share and profitability.
  • Changes in technology trends and customer preferences may require continuous innovation and adaptation from Red Hat Inc to stay competitive in the market.
  • Regulatory challenges and compliance requirements in the software industry can add complexity and costs to Red Hat's operations, impacting financial performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, July 23, 2024. Please send any questions or comments about these Red Hat pros and cons to contact@marketbeat.com.

RHT Stock Analysis - Frequently Asked Questions

How were Red Hat's earnings last quarter?

Red Hat Inc (NYSE:RHT) issued its earnings results on Thursday, June, 20th. The open-source software company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.14. The business's revenue was up 14.8% compared to the same quarter last year.

What other stocks do shareholders of Red Hat own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Red Hat investors own include Alibaba Group (BABA), NVIDIA (NVDA), Salesforce (CRM), Netflix (NFLX), Adobe (ADBE), Intel (INTC) and Micron Technology (MU).

This page (NYSE:RHT) was last updated on 7/26/2024 by MarketBeat.com Staff

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