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
Current SymbolNYSE:RHT
Previous SymbolNASDAQ:RHAT
CUSIP75657710
Phone919-754-3700
Debt
Debt-to-Equity Ratio0.40
Current Ratio1.23
Quick Ratio1.23
Price-To-Earnings
Trailing P/E Ratio76.88
Forward P/E Ratio68.80
P/E Growth4.58
Sales & Book Value
Annual Sales$2.92 billion
Price / Sales10.65
Cash Flow$3.0730 per share
Price / Cash Flow57.54
Book Value$8.31 per share
Price / Book21.28
Profitability
EPS (Most Recent Fiscal Year)$2.30
Net Income$258.80 million
Net Margins9.15%
Return on Equity31.80%
Return on Assets8.85%
Miscellaneous
Employees11,870
Outstanding Shares175,970,000
Market Cap$31.06 billion
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 authorized a share repurchase plan 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 reacquire up to 4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.
How were Red Hat's earnings last quarter?
Red Hat Inc (NYSE:RHT) released its earnings results on Wednesday, September, 19th. The open-source software company reported $0.85 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.82 by $0.03. The open-source software company had revenue of $822.75 million for the quarter, compared to analyst estimates of $828.12 million. Red Hat had a net margin of 9.15% and a return on equity of 31.80%. Red Hat's revenue was up 13.7% compared to the same quarter last year. 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?
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 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?
29 brokerages have issued 12 month target prices 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 $163.7857 in the next twelve months. This suggests that the stock has a possible downside of 7.4%. View Analyst Price Targets for Red Hat.
What is the consensus analysts' recommendation for Red Hat?
29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Hat in the last year. There are currently 1 sell rating, 15 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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)
Has Red Hat been receiving favorable news coverage?
News articles about RHT stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. 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 news sentiment score of 2.0 on InfoTrie's scale. They also gave media coverage about the open-source software company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next few days.
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), Weibo (WB), Match Group (MTCH), 58.com (WUBA), Yandex (YNDX), Tripadvisor (TRIP), FactSet Research Systems (FDS), Line (LN), Snap (SNAP), Sabre (SABR), Trade Desk (TTD), Stars Group (TSG) and Wix.Com (WIX).
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)
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 Vanguard Group Inc. (10.63%), Vanguard Group Inc (10.63%), Jennison Associates LLC (4.55%), Clearbridge Investments LLC (2.48%), Sustainable Growth Advisers LP (1.26%) and Janus Henderson Group PLC (1.19%). Company insiders that own Red Hat stock include Arun Oberoi, Charlene T Begley, Delisa Alexander, Eric Ryan Shander, Eugene Beukman, 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 Daiwa Securities Group Inc., Clearbridge Investments LLC, Marshall Wace North America L.P., Alliancebernstein L.P., FIL Ltd, Bank of Montreal Can, First Trust Advisors LP and Federated Investors Inc. PA. 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 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 Neuberger Berman Group LLC, Glenmede Trust Co. NA, Sumitomo Mitsui Asset Management Company LTD, Robeco Institutional Asset Management B.V., Robeco Institutional Asset Management B.V., Partner Fund Management L.P., Sustainable Growth Advisers LP and Marshall Wace LLP. 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 $176.82.
How big of a company is Red Hat?
Red Hat has a market capitalization of $31.06 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?
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.
