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 authorizes the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 4% of its shares through open market purchases. Shares repurchase 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 earned $934.10 million during the quarter, compared to the consensus estimate of $931.58 million. Red Hat had a return on equity of 36.67% and a net margin of 13.26%. The company's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the company posted $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 analysts have issued 1-year target prices for Red Hat's stock. Their forecasts range from $188.30 to $188.30. On average, they expect Red Hat's share 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.

News headlines about RHT stock have trended very positive on Saturday, InfoTrie Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Red Hat earned a media sentiment score of 3.4 on InfoTrie's scale. They also assigned news articles about the open-source software company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near term. 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]