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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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Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Radio is seeing red
The culture of church hat
Red Hat
Napoleon’s Hat Sells for Record $2.1 Million
Every Straw Hat Crew Member Ranked
Unity Software CEO retires exits after pricing backlash
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Company Calendar

Last Earnings
6/20/2019
Today
4/18/2024

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's recent partnership with Salesforce for their Enterprise Linux can lead to increased market adoption and revenue growth.
  • Red Hat's focus on open source software solutions positions them well in the current tech landscape, attracting a wide range of enterprises.
  • Red Hat's diverse product offerings, including infrastructure solutions like Red Hat Enterprise Linux and Red Hat Satellite, provide stability and flexibility for customers.
  • Red Hat's strong consulting, support, and training services enhance customer satisfaction and loyalty, contributing to long-term success.
  • Red Hat's stock price has shown consistent growth in recent periods, reflecting positive investor sentiment and potential for further appreciation.

Cons

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

  • Competition in the open source software market is intensifying, which could impact Red Hat's market share and profitability.
  • Red Hat's reliance on cloud and hybrid cloud environments for revenue generation exposes them to risks associated with shifts in cloud technology trends.
  • Market volatility and economic uncertainties may affect Red Hat's financial performance and stock price in the short term.
  • Red Hat's dependency on key partnerships, like the one with Juniper Networks, could pose risks if these collaborations face challenges or disruptions.
  • Regulatory changes or cybersecurity threats in the tech industry could impact Red Hat's operations and reputation, leading to potential setbacks.
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 Saturday, April 13, 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 quarterly earnings results on Thursday, June, 20th. The open-source software company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.14. The open-source software company earned $934.10 million during the quarter, compared to the consensus estimate of $931.58 million. Red Hat had a trailing twelve-month return on equity of 36.67% and a net margin of 13.26%. The company's revenue was up 14.8% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share.

What other stocks do shareholders of Red Hat own?

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

This page (NYSE:RHT) was last updated on 4/18/2024 by MarketBeat.com Staff

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