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. 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. Red Hat, Inc. has collaboration with Juniper Networks Expand to provide a unified solution for enterprises designed to manage and run applications and services. 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.
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 Ratio62.24
Forward P/E Ratio55.92
P/E Growth3.34
Sales & Book Value
Annual Sales$2.92 billion
Price / Sales8.69
Cash Flow$3.0774 per share
Price / Cash46.52
Book Value$8.31 per share
Price / Book17.23
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$25.31 billion
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 approved a share buyback plan on Thursday, June 21st 2018, which allows the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 4% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.
How were Red Hat's earnings last quarter?
Red Hat Inc (NYSE:RHT) announced its quarterly earnings results on Wednesday, September, 19th. The open-source software company reported $0.85 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.82 by $0.03. The open-source software company earned $822.75 million during the quarter, compared to the consensus estimate of $828.12 million. Red Hat had a return on equity of 30.40% and a net margin of 9.77%. Red Hat's quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 EPS. View Red Hat's Earnings History.
What guidance has Red Hat issued on next quarter's earnings?
Red Hat updated its FY19 earnings guidance on Wednesday, September, 19th. The company provided earnings per share (EPS) guidance of $3.45-3.49 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.45. The company issued revenue guidance of $3.360-3.395, compared to the consensus revenue estimate of $3.39 billion.Red Hat also updated its Q3 guidance to $0.87 EPS.
What price target have analysts set for RHT?
30 Wall Street analysts have issued twelve-month price objectives for Red Hat's shares. Their forecasts range from $84.00 to $186.00. On average, they anticipate Red Hat's share price to reach $156.2069 in the next twelve months. This suggests a possible upside of 9.1% from the stock's current price. View Analyst Price Targets 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." View Analyst Ratings for Red Hat.
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?
Some companies that are related to Red Hat include Baidu (BIDU), Twitter (TWTR), IHS Markit (INFO), Match Group (MTCH), Weibo (WB), Snap (SNAP), Yandex (YNDX), 58.com (WUBA), Line (LN), FactSet Research Systems (FDS), Sabre (SABR), Tripadvisor (TRIP), Trade Desk (TTD), Wix.Com (WIX) and Stars Group (TSG).
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. Michael R. Cunningham, Exec. VP, Gen. Counsel & Corp. Sec. (Age 57)
- Mr. Arun Oberoi, Exec. VP of Global Sales & Services (Age 63)
- Mr. Paul J. Cormier, Exec. VP and Pres of Products & Technologies (Age 61)
Has Red Hat been receiving favorable news coverage?
Press coverage about RHT stock has trended somewhat positive on Thursday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Red Hat earned a daily sentiment score of 0.18 on Accern's scale. They also assigned news articles about the open-source software company an impact score of 46.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future. View Recent Headlines for Red Hat.
Who are Red Hat's major shareholders?
Red Hat's stock is owned by a number of of institutional and retail investors. Top institutional investors include Jennison Associates LLC (4.62%), Northern Trust Corp (1.96%), Janus Henderson Group PLC (1.22%), Voya Investment Management LLC (0.85%), Fred Alger Management Inc. (0.79%) and OppenheimerFunds Inc. (0.69%). 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 institutional investors are selling Red Hat stock?
RHT stock was sold by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Fred Alger Management Inc., Frontier Capital Management Co. LLC, Argent Capital Management LLC, NN Investment Partners Holdings N.V., Voya Investment Management LLC, Retirement Systems of Alabama and Baird Financial Group Inc.. Company insiders that have sold Red Hat company stock in the last year include Arun Oberoi, Charlene T Begley, Delisa Alexander, Eugene Beukman, James M Whitehurst, Michael A Kelly and William S Kaiser. View Insider Buying and Selling for Red Hat.
Which institutional investors are buying Red Hat stock?
RHT stock was bought by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Cornerstone Wealth Management LLC, Glenmede Trust Co. NA, Bristol John W & Co. Inc. NY, BNP PARIBAS ASSET MANAGEMENT Holding S.A., Sumitomo Mitsui Trust Holdings Inc., Los Angeles Capital Management & Equity Research Inc. and First Trust Advisors LP. 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 $143.16.
How big of a company is Red Hat?
Red Hat has a market capitalization of $25.31 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)
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.
