NYSE:RHT - Red Hat Stock Price, News, & Analysis

$187.37
-0.18 (-0.10 %)
(As of 06/24/2019 04:00 PM ET)
Today's Range
$186.81
Now: $187.37
$187.97
50-Day Range
$182.41
MA: $185.23
$188.41
52-Week Range
$115.31
Now: $187.37
$189.14
Volume121,803 shs
Average Volume1.79 million shs
Market Capitalization$33.31 billion
P/E Ratio67.04
Dividend YieldN/A
Beta0.49
Red 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. Read More…

Industry, Sector and Symbol

Industry Computer programming, data processing, & other computer related
Sub-IndustrySystems Software
SectorComputer and Technology
Previous SymbolNASDAQ:RHAT
CUSIP75657710
Phone919-754-3700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.36 billion
Cash Flow$3.6235 per share
Book Value$9.13 per share

Profitability

Net Income$433.99 million

Miscellaneous

Employees13,360
Market Cap$33.31 billion
Next Earnings Date9/18/2019 (Estimated)
OptionableOptionable

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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 declared that its Board of Directors has approved a share buyback plan 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 reacquire up to 4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

How were Red Hat's earnings last quarter?

Red Hat Inc (NYSE:RHT) issued its earnings results on Thursday, June, 20th. The open-source software company reported $1.00 earnings per share 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 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 revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 earnings per share. 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 Wednesday, September 18th 2019. View Earnings Estimates for Red Hat.

What price target have analysts set for RHT?

20 brokers have issued 1-year price targets for Red Hat's shares. Their predictions range from $145.00 to $190.00. On average, they anticipate Red Hat's share price to reach $177.6647 in the next year. This suggests that the stock has a possible downside of 5.2%. View Analyst Price Targets for Red Hat.

What is the consensus analysts' recommendation for Red Hat?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Hat in the last year. There are currently 12 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Red Hat.

Has Red Hat been receiving favorable news coverage?

News coverage about RHT stock has been trending neutral on Monday, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded 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 0.5 on InfoTrie's scale. They also gave news articles about the open-source software company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for Red Hat.

Who are some of Red Hat's key competitors?

What other stocks do shareholders of Red Hat own?

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), Adobe (adbe), Netflix (NFLX), Micron Technology (MU), Broadcom (AVGO), Intel (INTC), Visa (V) and Boeing (BA).

Who are Red Hat's key executives?

Red Hat's management team includes the folowing people:
  • Mr. James M. Whitehurst, Pres, CEO & Director (Age 51)
  • Mr. Eric R. Shander, Exec. VP & CFO (Age 50)
  • Mr. Michael R. Cunningham, Exec. VP, Gen. Counsel & Corp. Sec. (Age 58)
  • Mr. Arun Oberoi, Exec. VP of Global Sales & Services (Age 64)
  • Mr. Paul J. Cormier, Exec. VP and Pres of Products & Technologies (Age 62)

Who are Red Hat's major shareholders?

Red Hat's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.98%), Jennison Associates LLC (2.25%), Northern Trust Corp (1.88%), Clearbridge Investments LLC (1.25%), Janus Henderson Group PLC (1.12%) and FIL Ltd (0.65%). Company insiders that own Red Hat stock include Arun Oberoi, Charlene T Begley, Delisa Alexander, Eric Ryan Shander, Eugene Beukman, James M Whitehurst, Michael A Kelly, Michael Cunningham 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 OZ Management LP, Zurcher Kantonalbank Zurich Cantonalbank, Nomura Asset Management Co. Ltd., Champlain Investment Partners LLC, BlackRock Inc., Clearbridge Investments LLC, Jennison Associates LLC and Westfield Capital Management Co. LP. Company insiders that have sold Red Hat company stock in the last year include Delisa Alexander, James M Whitehurst, Michael A Kelly and Michael Cunningham. 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 Boussard & Gavaudan Investment Management LLP, FIL Ltd, Assenagon Asset Management S.A., Flossbach Von Storch AG, Gabelli Funds LLC, Pictet Asset Management Ltd., SG Americas Securities LLC and State Treasurer State of Michigan. 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 $187.37.

How big of a company is Red Hat?

Red Hat has a market capitalization of $33.31 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.

What is Red Hat's official website?

The official website for Red Hat is http://www.redhat.com/.

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:  1,515 (Vote Outperform)
Underperform Votes:  705 (Vote Underperform)
Total Votes:  2,220
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 6/24/2019 by MarketBeat.com Staff

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