NYSE:RHT - Red Hat Stock Price, Price Target & More

Sign in or create an account to add this stock to your watchlist.
$146.38 -2.10 (-1.41 %)
(As of 07/19/2018 01:13 PM ET)
Previous Close$147.57
Today's Range$146.06 - $148.34
52-Week Range$95.88 - $177.70
Volume35,246 shs
Average Volume3.26 million shs
Market Capitalization$26.18 billion
P/E Ratio63.78
Dividend YieldN/A
Beta1.08
Red Hat logoRed 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. 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.

Receive RHT News and Ratings via Email

Sign-up to receive the latest news and ratings for RHT and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Computer programming, data processing, & other computer related
Sub-IndustrySystems Software
SectorComputer and Technology
SymbolNYSE:RHT
CUSIP75657710
Phone919-754-3700

Debt

Debt-to-Equity Ratio0.39
Current Ratio1.28
Quick Ratio1.28

Price-To-Earnings

Trailing P/E Ratio63.78
Forward P/E Ratio57.18
P/E Growth3.6

Sales & Book Value

Annual Sales$2.92 billion
Price / Sales8.89
Cash Flow$3.0426 per share
Price / Cash48.11
Book Value$8.07 per share
Price / Book18.14

Profitability

EPS (Most Recent Fiscal Year)$2.30
Net Income$258.80 million
Net Margins9.77%
Return on Equity30.40%
Return on Assets8.69%

Miscellaneous

Employees11,870
Outstanding Shares177,370,000
Market Cap$26,176.84

The Truth About Cryptocurrencies

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 has authorized a stock buyback plan on Thursday, June 21st 2018, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 4% of its stock through open market purchases. Stock buyback plans are typically a sign 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 data on Thursday, June, 21st. The open-source software company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.03. The open-source software company earned $813.53 million during the quarter, compared to the consensus estimate of $807.48 million. Red Hat had a net margin of 9.77% and a return on equity of 30.40%. The business's revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS. 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, September, 24th 2018. View Earnings Estimates for Red Hat.

What guidance has Red Hat issued on next quarter's earnings?

Red Hat updated its FY19 earnings guidance on Thursday, June, 21st. The company provided earnings per share guidance of $3.44-3.48 for the period, compared to the Thomson Reuters consensus estimate of $3.43. The company issued revenue guidance of $3.375-3.410 billion, compared to the consensus revenue estimate of $3.45 billion.Red Hat also updated its Q2 guidance to $0.81 EPS.

What price target have analysts set for RHT?

30 brokerages have issued 1-year price objectives for Red Hat's shares. Their predictions range from $84.00 to $186.00. On average, they expect Red Hat's stock price to reach $157.7931 in the next year. This suggests a possible upside of 7.1% from the stock's current price. View Analyst Ratings for Red Hat.

What is the consensus analysts' recommendation for Red Hat?

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Hat in the last year. There are currently 1 sell rating, 10 hold ratings and 19 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

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 first-quarter results benefit from strong cross-selling and robust demand for Ansible and OpenShift. The company is benefiting from improved linearity driven by on-time renewal of deals. Expected strong demand for containers is another growth driver. Red Hat’s expanding partner base that includes IBM, Intel, Dell, Google, Microsoft, Amazon and Alibaba is tailwind. We note that the company has outperformed the industry on a year-to-date basis. However, stiff competition is a headwind. Pivotal Container Service (PKS) formed through the partnership of Google, Pivotal and VMware is a significant threat in this regard. Middleware weakness is likely to hurt the top line in fiscal 2019." (6/27/2018)
  • 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)

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

Has Red Hat been receiving favorable news coverage?

News coverage about RHT stock has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Red Hat earned a news impact score of 0.06 on Accern's scale. They also assigned news headlines about the open-source software company an impact score of 45.67 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Who are Red Hat's major shareholders?

Red Hat's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Fred Alger Management Inc. (0.79%), Bank of Montreal Can (0.50%), Swedbank (0.46%), Scout Investments Inc. (0.07%), Peregrine Capital Management LLC (0.07%) and Assenagon Asset Management S.A. (0.05%). Company insiders that own Red Hat stock include Arun Oberoi, Charlene T Begley, Delisa Alexander, Eric Ryan Shander, Eugene Beukman, General Henry Hugh Shelton, 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 major investors are selling Red Hat stock?

RHT stock was sold by a variety of institutional investors in the last quarter, including Fred Alger Management Inc., NN Investment Partners Holdings N.V., Retirement Systems of Alabama, Bank of Montreal Can, Clinton Group Inc., Hartwell J M Limited Partnership, Bright Rock Capital Management LLC and Scout Investments Inc.. Company insiders that have sold Red Hat company stock in the last year include Arun Oberoi, Charlene T Begley, Delisa Alexander, Eric Ryan Shander, Eugene Beukman, James M Whitehurst, Michael A Kelly and William S Kaiser. View Insider Buying and Selling for Red Hat.

Which major investors are buying Red Hat stock?

RHT stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Atalanta Sosnoff Capital LLC, Swedbank, Peregrine Capital Management LLC, Empowered Funds LLC, Fox Run Management L.L.C., Capital Investment Services of America Inc. and Bremer Trust National Association. 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 $147.31.

How big of a company is Red Hat?

Red Hat has a market capitalization of $26.18 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.

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:  1,309 (Vote Outperform)
Underperform Votes:  618 (Vote Underperform)
Total Votes:  1,927
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 7/19/2018 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.