Red Hat Company Profile (NYSE:RHT)

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

Red Hat, Inc. (NYSE:RHT) issued its quarterly earnings results on Monday, September, 25th. The company reported $0.77 EPS for the quarter, topping the Zacks' consensus estimate of $0.67 by $0.10. The company earned $723.60 million during the quarter, compared to analysts' expectations of $699.56 million. Red Hat had a return on equity of 22.84% and a net margin of 10.54%. The firm's revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS. View Red Hat's Earnings History.

Red Hat updated its FY18 earnings guidance on Monday, September, 25th. The company provided earnings per share guidance of $2.77-2.89 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.69. The company issued revenue guidance of $2.88-2.895 billion, compared to the consensus revenue estimate of $2.81 billion.Red Hat also updated its Q3 guidance to $0.70 EPS.

31 equities research analysts have issued twelve-month price objectives for Red Hat's stock. Their forecasts range from $88.00 to $128.00. On average, they anticipate Red Hat's stock price to reach $108.34 in the next year. View Analyst Ratings for Red Hat.

Here are some recent quotes from research analysts about Red Hat stock:

• 1. According to Zacks Investment Research, "Red Hat is benefiting from strong deal win, improving recurring revenues and cross-selling of cloud-based technology. We believe that Amazon Web Services-OpenShift partnership extension reflects strength in Red Hat’s solutions and platform. The acquisition of Codenvy will boost its position in the hybrid cloud computing market. Further, the company has a strong customer as well as partner base that include the likes of IBM, Intel, Dell Technologies, Google cloud platform and Microsoft Azure. We note that the company has outperformed the industry on a year-to-date basis. However, intensifying competition, growing U.S. government exposure and foreign exchange volatility are some of the headwinds, in our view." (9/21/2017)
• 2. Drexel Hamilton analysts commented, "We believe Red Hat will slightly beat our 2Q:FY18 revenue estimate of $699.6 million (up 17% YoY; Street is at $699.6 million) and our EPS projection of $0.67 (Street is also at $0.67). Our 2Q:FY18 revenue estimate represents 3% QoQ growth (i.e., the 62nd consecutive quarter of sequential revenue growth) but slightly below the five-year average of up 4%." (9/19/2017)
• 3. Barclays PLC analysts commented, "A Strong Finish to the Year: After these results, we think Red Hat shares should be able to move higher from current levels. The company delivered on all the main aspects that investors are focused on: healthy billings growth, reacceleration of emerging product growth, strong backlog growth, and the return of leverage in the model. We think that investors will want to pay a higher multiple for a story that is finally coming together, hence, we maintain our Overweight rating." (3/28/2017)
• 4. Jefferies Group LLC analysts commented, "RHT reported very strong F4Q results that are solid even when taking into account the performance over the last two quarters, including the F3Q quarter that was very weak. Guidance was also better than consensus estimates, but implies only single digit billings growth in the first half, low teens for the year, and no new business growth by our calculations. Margins continue to be flat, which we expect to persist." (3/28/2017)
• 5. William Blair analysts commented, " Red Hat turned in a strong fiscal fourth quarter, topping revenue consensus by $10 million and meeting the Street estimate on non-GAAP EPS (reported EPS would have been $0.02 higher if not for a higher-than-expected tax rate). The much-scrutinized billings metric accelerated sharply to 29% year-over-year growth versus guidance of midteens growth and compared with 9% and 19% growth in the previous two quarters, respectively. Also noteworthy was rolling-12-month billings growth of 19% (in constant currency), the highest level in five quarters." (3/28/2017)

Some companies that are related to Red Hat include Synopsys (SNPS), Citrix Systems (CTXS), Cadence Design Systems (CDNS), Splunk (SPLK), SS&C Technologies Holdings (SSNC), Tyler Technologies (TYL), The Ultimate Software Group (ULTI), National Instruments Corporation (NATI), Micro Focus International plc (MCRO), Nice Systems (NICE), Nuance Communications (NUAN), Blackbaud (BLKB), Solera Holdings (SLH), Atlassian Corporation PLC (TEAM), FireEye (FEYE), Playtech PLC (PTEC), CommVault Systems (CVLT) and Okta (OKTA).

Red Hat's management team includes the folowing people:

• Narendra K. Gupta Ph.D., Chairman of the Board
• James M. Whitehurst, President, Chief Executive Officer, Director
• Eric Ryan Shander, Chief Financial Officer, Executive Vice President
• Michael R. Cunningham, Executive Vice President, General Counsel
• Arun Oberoi, Executive Vice President - Global Sales and Services
• DeLisa K. Alexander J.D., Executive Vice President, Chief People Officer
• Paul J. Cormier, Executive Vice President, President - Products and Technologies
• Sohaib Abbasi, Independent Director
• W. Steve Albrecht, Independent Director
• Charlene T. Begley, Independent Director

Red Hat's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.93%), FMR LLC (6.29%), Jennison Associates LLC (5.27%), Northern Trust Corp (2.14%), William Blair Investment Management LLC (1.83%) and Sustainable Growth Advisers LP (1.21%). Company insiders that own Red Hat stock include Arun Oberoi, Delisa Alexander, Eric Ryan Shander, General Henry Hugh Shelton, James M Whitehurst, Michael Cunningham, Paul J Cormier and William S Kaiser. View Institutional Ownership Trends for Red Hat.

Red Hat's stock was sold by a variety of institutional investors in the last quarter, including Lazard Asset Management LLC, Jennison Associates LLC, Fred Alger Management Inc., Marshall Wace North America L.P., Strs Ohio, William Blair Investment Management LLC, Sustainable Growth Advisers LP and BB&T Securities LLC. Company insiders that have sold Red Hat stock in the last year include Arun Oberoi, Delisa Alexander, Eric Ryan Shander, General Henry Hugh Shelton, James M Whitehurst, Michael Cunningham, Paul J Cormier and William S Kaiser. View Insider Buying and Selling for Red Hat.

Red Hat's stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Arrowstreet Capital Limited Partnership, Northern Trust Corp, Vanguard Group Inc., Northwestern Mutual Investment Management Company LLC, Bank of Montreal Can, TIAA CREF Investment Management LLC and Renaissance Technologies LLC. View Insider Buying and Selling for Red Hat.

Shares of Red Hat can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Red Hat stock can currently be purchased for approximately $105.73.