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

$187.71
0.00 (0.00 %)
(As of 08/19/2019 04:00 PM ET)
Today's Range
$187.71
Now: $187.71
$187.71
50-Day Range
$187.68
MA: $187.73
$188.27
52-Week Range
$115.31
Now: $187.71
$189.14
VolumeN/A
Average Volume1.59 million shs
Market Capitalization$33.43 billion
P/E Ratio67.28
Dividend YieldN/A
Beta0.45
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$3.6272 per share
Book Value$9.13 per share

Profitability

Net Income$433.99 million

Miscellaneous

Employees13,360
Market Cap$33.43 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 has authorized a share repurchase plan on Thursday, June 21st 2018, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management 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 (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.14. The open-source software company had revenue of $934.10 million for the quarter, compared to the consensus estimate of $931.58 million. Red Hat had a net margin of 13.26% and a return on equity of 36.67%. The firm's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $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?

18 brokers have issued 1-year price targets for Red Hat's shares. Their predictions range from $145.00 to $190.00. On average, they expect Red Hat's stock price to reach $178.4563 in the next year. This suggests that the stock has a possible downside of 4.9%. View Analyst Price Targets for Red Hat.

What is the consensus analysts' recommendation for Red Hat?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Hat in the last year. There are currently 11 hold ratings and 7 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 negative on Monday, according to InfoTrie. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Red Hat earned a coverage optimism score of -2.3 on InfoTrie's scale. They also gave news coverage 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 impact on the company's share price in the next several days. 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), Netflix (NFLX), Adobe (adbe), Micron Technology (MU), Intel (INTC), Broadcom (AVGO), Visa (V) and Paypal (PYPL).

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 number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.49%), BlackRock Inc. (7.38%), Price T Rowe Associates Inc. MD (1.75%), UBS Oconnor LLC (1.66%), Northern Trust Corp (1.16%) and TIG Advisors LLC (1.15%). Company insiders that own Red Hat stock include Arun Oberoi, Charlene T Begley, Delisa Alexander, Eugene Beukman, James M Whitehurst, Michael A Kelly, Michael Cunningham 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 Price T Rowe Associates Inc. MD, Jennison Associates LLC, Jennison Associates LLC, Northern Trust Corp, Putnam Investments LLC, Janus Henderson Group PLC, Janus Henderson Group PLC and Bank of New York Mellon Corp. 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 institutional investors are buying Red Hat stock?

RHT stock was acquired by a variety of institutional investors in the last quarter, including UBS Oconnor LLC, Renaissance Technologies LLC, Nuveen Asset Management LLC, BlackRock Inc., Syquant Capital Sas, Alpine Associates Management Inc., Omni Partners LLP and TIG Advisors 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 $187.71.

How big of a company is Red Hat?

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.

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:  1,533 (Vote Outperform)
Underperform Votes:  714 (Vote Underperform)
Total Votes:  2,247
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 8/19/2019 by MarketBeat.com Staff

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