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 declared that its board has approved a stock repurchase program on Thursday, June 21st 2018, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Red Hat Inc (NYSE:RHT) released its earnings results on Thursday, June, 20th. The open-source software company reported $1.00 earnings per share (EPS) for the quarter, beating 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 business's revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 earnings per share. 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 brokers have issued 1 year price targets for Red Hat's stock. Their forecasts range from $188.30 to $188.30. On average, they expect Red Hat's stock 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 positive this week, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Red Hat earned a news impact score of 3.0 on InfoTrie's scale. They also gave media stories about the open-source software company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. 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), Progress Software (PRGS), CommVault Systems (CVLT), 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]