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

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

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

Red Hat Inc (NYSE:RHT) announced its quarterly earnings results on Thursday, June, 20th. The open-source software company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.86 by $0.14. The open-source software company had revenue of $934.10 million for the quarter, compared to the consensus estimate of $931.58 million. Red Hat had a net margin of 13.26% and a return on equity of 36.67%. The company's quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 EPS. View Red Hat's Earnings History.

Red Hat is scheduled to release their next quarterly earnings announcement on Monday, March 23rd 2020. View Earnings Estimates for Red Hat.

1 brokerages have issued twelve-month price objectives for Red Hat's stock. Their forecasts range from $188.30 to $188.30. On average, they anticipate Red Hat's share price to reach $188.30 in the next year. This suggests a possible upside of 0.3% from the stock's current price. View Analyst Price Targets for Red Hat.

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

Media stories about RHT stock have trended somewhat positive on Friday, InfoTrie reports. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Red Hat earned a media sentiment score of 1.0 on InfoTrie's scale. They also gave news stories about the open-source software company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Red Hat.

Some companies that are related to Red Hat include Microsoft (MSFT), Oracle (ORCL), VMware (VMW), ServiceNow (NOW), Fortinet (FTNT), Symantec (SYMC), Proofpoint (PFPT), Qualys (QLYS), CommVault Systems (CVLT), Progress Software (PRGS), TiVo (TIVO) and FalconStor Software (FALC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Red Hat investors own include Alibaba Group (BABA), NVIDIA (NVDA), salesforce.com (CRM), Netflix (NFLX), Adobe (adbe), Micron Technology (MU), Intel (INTC), Broadcom (AVGO), Paypal (PYPL) and Tesla (TSLA).

One share of RHT stock can currently be purchased for approximately $187.70.

Red Hat has a market capitalization of $33.43 billion and generates $3.36 billion in revenue each year. The open-source software company earns $433.99 million in net income (profit) each year or $2.79 on an earnings per share basis. Red Hat employs 13,360 workers across the globe.View Additional Information About Red Hat.

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

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]