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

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$182.53 +0.48 (+0.26 %)
(As of 03/21/2019 04:00 PM ET)
Previous Close$182.05
Today's Range$181.92 - $182.63
52-Week Range$115.31 - $183.54
Volume807,012 shs
Average Volume1.62 million shs
Market Capitalization$32.26 billion
P/E Ratio79.36
Dividend YieldN/A
Beta0.55
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.

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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$2.92 billion
Cash Flow$3.0796 per share
Book Value$8.31 per share

Profitability

Net Income$258.80 million

Miscellaneous

Employees11,870
Market Cap$32.26 billion
Next Earnings Date3/25/2019 (Confirmed)
OptionableOptionable

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 authorized a share buyback plan on Thursday, June 21st 2018, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

How were Red Hat's earnings last quarter?

Red Hat Inc (NYSE:RHT) announced its quarterly earnings data on Wednesday, September, 19th. The open-source software company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.03. The open-source software company had revenue of $822.75 million for the quarter, compared to analysts' expectations of $828.12 million. Red Hat had a return on equity of 33.96% and a net margin of 8.66%. The company's revenue for the quarter 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.

When is Red Hat's next earnings date?

Red Hat is scheduled to release their next quarterly earnings announcement on Monday, March 25th 2019. View Earnings Estimates for Red Hat.

What price target have analysts set for RHT?

27 brokers have issued twelve-month price targets for Red Hat's shares. Their forecasts range from $84.00 to $190.00. On average, they expect Red Hat's stock price to reach $165.44 in the next twelve months. This suggests that the stock has a possible downside of 9.4%. View Analyst Price Targets for Red Hat.

What is the consensus analysts' recommendation for Red Hat?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Hat in the last year. There are currently 1 sell rating, 14 hold ratings and 12 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?

Media stories about RHT stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of news 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 positive five, with scores nearest to five being the most favorable. Red Hat earned a media sentiment score of -1.1 on InfoTrie's scale. They also assigned headlines about the open-source software company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future.

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 NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Netflix (NFLX), salesforce.com (CRM), Adobe (ADBE), Visa (V), Intel (INTC), Boeing (BA) and Tesla (TSLA).

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)
  • Ms. Kimberly L. Hammonds, Independent Director (Age 52)
  • 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)

Who are Red Hat's major shareholders?

Red Hat's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Oregon Public Employees Retirement Fund (5.71%), Jennison Associates LLC (2.50%), Northern Trust Corp (1.94%), Geode Capital Management LLC (1.38%), Norges Bank (0.96%) and Legal & General Group Plc (0.50%). 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, 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 Ontario Teachers Pension Plan Board, Jennison Associates LLC, First Trust Advisors LP, Swedbank, Amundi Pioneer Asset Management Inc., American Century Companies Inc., Robeco Institutional Asset Management B.V. and Korea Investment CORP. Company insiders that have sold Red Hat company stock in the last year include Arun Oberoi, Charlene T Begley, Delisa Alexander, James M Whitehurst, Michael A Kelly and Michael Cunningham. View Insider Buying and Selling for Red Hat.

Which institutional investors are buying Red Hat stock?

RHT stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Norges Bank, Alpine Associates Management Inc., IndexIQ Advisors LLC, Sand Grove Capital Management LLP, Gabelli Funds LLC, GABELLI & Co INVESTMENT ADVISERS INC. and Water Island Capital LLC. 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 $182.53.

How big of a company is Red Hat?

Red Hat has a market capitalization of $32.26 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.

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:  1,484 (Vote Outperform)
Underperform Votes:  695 (Vote Underperform)
Total Votes:  2,179
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 3/21/2019 by MarketBeat.com Staff

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