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 announced that its board has authorized a stock buyback 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 buy up to 4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

Red Hat Inc (NYSE:RHT) posted its earnings results on Thursday, June, 20th. The open-source software company reported $1.00 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.86 by $0.14. The open-source software company had revenue of $934.10 million for the quarter, compared to analysts' expectations of $931.58 million. Red Hat had a net margin of 13.26% and a return on equity of 36.67%. Red Hat's quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the business posted $0.72 EPS. 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 equities research analysts have issued 1-year price targets for Red Hat's shares. Their forecasts range from $188.30 to $188.30. On average, they anticipate Red Hat's share price to reach $188.30 in the next twelve months. 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.

News headlines about RHT stock have been trending positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Red Hat earned a daily sentiment score of 3.0 on InfoTrie's scale. They also assigned media headlines about the open-source software company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate 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), CommVault Systems (CVLT), Progress Software (PRGS), 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 $187.71.

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]