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

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$175.33 -0.28 (-0.16 %)
(As of 01/16/2019 04:00 PM ET)
Previous Close$175.61
Today's Range$175.24 - $175.98
52-Week Range$115.31 - $179.49
Volume1.71 million shs
Average Volume2.43 million shs
Market Capitalization$30.91 billion
P/E Ratio76.23
Dividend YieldN/A
Beta0.6
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

Current Ratio1.26
Quick Ratio1.26

Price-To-Earnings

Sales & Book Value

Annual Sales$2.92 billion
Price / Sales10.61
Cash Flow$3.0760 per share
Price / Cash Flow57.00
Book Value$8.05 per share
Price / Book21.78

Profitability

Net Income$258.80 million
Net Margins8.66%
Return on Assets9.27%

Miscellaneous

Employees11,870
Market Cap$30.91 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 initiated a share repurchase plan on Thursday, June 21st 2018, which authorizes the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

How were Red Hat's earnings last quarter?

Red Hat Inc (NYSE:RHT) released its quarterly earnings results 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 earned $847 million during the quarter, compared to analysts' expectations of $852.79 million. Red Hat had a net margin of 8.66% and a return on equity of 33.96%. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last 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?

29 analysts have issued 12-month price objectives for Red Hat's shares. Their predictions range from $84.00 to $190.00. On average, they anticipate Red Hat's share price to reach $164.2963 in the next year. This suggests that the stock has a possible downside of 6.3%. View Analyst Price Targets for Red Hat.

What is the consensus analysts' recommendation for Red Hat?

29 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 13 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Red Hat.

What are Wall Street analysts saying about Red Hat stock?

Here are some recent quotes from research analysts about Red Hat stock:
  • 1. According to Zacks Investment Research, "Red Hat third-quarter fiscal 2019 earnings and revenues witnessed year-over-year growth. Strong demand for hybrid cloud technology solutions and aggressive cross-selling primarily benefited the company’s results. Additionally, the company inked 100 deals worth more than $1 million in the quarter. Moreover, Red Hat OpenShift and Red Hat Ansible Automation experienced strong customer growth. However, heavy investments on new and emerging technology continued to drag down its operating margin. Red Hat has set a special meeting on Jan 16, 2019 for its stockholders to vote on the proposed merger with IBM. Notably, its shares have outperformed the industry on a year-to-date basis." (12/31/2018)
  • 2. Evercore ISI analysts commented, "We continue to view FY19 revenue estimates as being fairly conservative and while Red Hat shares may need to consolidate around current levels before pushing higher, we believe the company remains well positioned as it relates to hybrid cloud adoption and CoreOS is a solid addition to its emerging product portfolio. Maintain Outperform and $140 PT based on 24x EV/CY19 FCF." (2/2/2018)

Has Red Hat been receiving favorable news coverage?

News coverage about RHT stock has been trending somewhat negative on Wednesday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Red Hat earned a media sentiment score of -1.2 on InfoTrie's scale. They also gave media coverage about the open-source software company a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock's share price in the next several days.

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 50)
  • Mr. Eric R. Shander, Exec. VP & CFO (Age 49)
  • Mr. Michael R. Cunningham, Exec. VP, Gen. Counsel & Corp. Sec. (Age 57)
  • Mr. Arun Oberoi, Exec. VP of Global Sales & Services (Age 63)
  • Mr. Paul J. Cormier, Exec. VP and Pres of Products & Technologies (Age 61)

Who are Red Hat's major shareholders?

Red Hat's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Scout Investments Inc. (0.11%), Havens Advisors LLC (0.04%), Capital Investment Services of America Inc. (0.03%), Gofen & Glossberg LLC IL (0.03%), Moody National Bank Trust Division (0.03%) and Gulf International Bank UK Ltd (0.02%). 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 Gulf International Bank UK Ltd, First Hawaiian Bank, Virtu Financial LLC, Capital Investment Services of America Inc., TRUE Private Wealth Advisors, Sit Investment Associates Inc., Boltwood Capital Management and Bright Rock Capital Management LLC. 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 William S Kaiser. 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 Havens Advisors LLC, Scout Investments Inc., DNB Asset Management AS, CHICAGO TRUST Co NA, First Financial Corp IN, Cerebellum GP LLC, Intl Fcstone Inc. and Personal Capital Advisors Corp. 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 $175.33.

How big of a company is Red Hat?

Red Hat has a market capitalization of $30.91 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:  1,457 (Vote Outperform)
Underperform Votes:  686 (Vote Underperform)
Total Votes:  2,143
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 1/16/2019 by MarketBeat.com Staff

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