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

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$181.99 +0.05 (+0.03 %)
(As of 04/22/2019 03:02 PM ET)
Previous Close$181.94
Today's Range$181.88 - $182.40
52-Week Range$115.31 - $183.58
Volume659,662 shs
Average Volume1.23 million shs
Market Capitalization$32.17 billion
P/E Ratio65.23
Dividend YieldN/A
Beta0.54
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$3.36 billion
Cash Flow$3.6282 per share
Book Value$9.13 per share

Profitability

Net Income$433.99 million

Miscellaneous

Employees11,870
Market Cap$32.17 billion
Next Earnings Date6/20/2019 (Estimated)
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 has initiated a share buyback program on Thursday, June 21st 2018, which authorizes the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

How were Red Hat's earnings last quarter?

Red Hat Inc (NYSE:RHT) released its quarterly earnings data on Monday, March, 25th. The open-source software company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.15. The open-source software company earned $879 million during the quarter, compared to analysts' expectations of $885.64 million. Red Hat had a net margin of 12.91% and a return on equity of 35.35%. Red Hat's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 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 Thursday, June 20th 2019. View Earnings Estimates for Red Hat.

What price target have analysts set for RHT?

23 analysts have issued 1 year price objectives for Red Hat's shares. Their forecasts range from $84.00 to $190.00. On average, they expect Red Hat's share price to reach $167.1905 in the next year. This suggests that the stock has a possible downside of 8.1%. View Analyst Price Targets for Red Hat.

What is the consensus analysts' recommendation for Red Hat?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Hat in the last year. There are currently 13 hold ratings and 10 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 stories about RHT stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Red Hat earned a coverage optimism score of 1.7 on InfoTrie's scale. They also gave news coverage about the open-source software company a news buzz of 2.0 out of 10, indicating that recent media coverage is very 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 Alibaba Group (BABA), NVIDIA (NVDA), Micron Technology (MU), salesforce.com (CRM), Adobe (adbe), Netflix (NFLX), Intel (INTC), Visa (V), Boeing (BA) and Broadcom (AVGO).

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 Bristol John W & Co. Inc. NY (0.12%), Tibra Equities Europe Ltd (0.07%), Syquant Capital Sas (0.07%), FNY Investment Advisers LLC (0.05%), Retirement Systems of Alabama (0.05%) and Havens Advisors LLC (0.04%). 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 Westbourne Investment Advisors Inc., Sumitomo Life Insurance Co., FNY Investment Advisers LLC, DNB Asset Management AS, Hudson Valley Investment Advisors Inc. ADV, NuWave Investment Management LLC, Tibra Equities Europe Ltd and Gofen & Glossberg LLC IL. 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 Syquant Capital Sas, Selective Wealth Management Inc., Pacer Advisors Inc., Nisa Investment Advisors LLC, Havens Advisors LLC, Virtu Financial LLC, QUANTRES ASSET MANAGEMENT Ltd and 6 Meridian. 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 $181.98.

How big of a company is Red Hat?

Red Hat has a market capitalization of $32.17 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 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:  1,497 (Vote Outperform)
Underperform Votes:  699 (Vote Underperform)
Total Votes:  2,196
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 4/22/2019 by MarketBeat.com Staff

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