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.
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Industry, Sector and Symbol
Industry Computer programming, data processing, & other computer related
Sub-IndustrySystems Software
SectorComputer and Technology
Phone919-754-3700
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.36 billion
Profitability
Miscellaneous
Employees13,360
Next Earnings Date9/18/2019 (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 announced that its Board of Directors has initiated a stock 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 stock through open market purchases. Stock repurchase plans are often 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 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.14. The open-source software company earned $934.10 million during the quarter, compared to analyst estimates of $931.58 million. Red Hat had a net margin of 13.26% and a return on equity of 36.67%. The business's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. View Red Hat's Earnings History.
When is Red Hat's next earnings date?
What price target have analysts set for RHT?
18 brokerages have issued 12-month target prices 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 $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 headlines about RHT stock have been trending positive on Thursday, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Red Hat earned a media sentiment score of 2.5 on InfoTrie's scale. They also assigned news stories about the open-source software company a news buzz of 6.0 out of 10, meaning that recent media coverage is somewhat 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?
Some companies that are related to Red Hat include Baidu (BIDU), Twitter (TWTR), IHS Markit (INFO), Zoom Video Communications (ZM), Match Group (MTCH), Snap (SNAP), Yandex (YNDX), Trade Desk (TTD), FactSet Research Systems (FDS), Weibo (WB), Line (LN), 58.com (WUBA), Wix.Com (WIX), Sabre (SABR) and InterXion (INXN).
What other stocks do shareholders of Red Hat own?
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 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 purchased 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?
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.
