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 Date3/23/2020 (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 stock buyback plan on Thursday, June 21st 2018, which authorizes the company to buyback $1,000,000,000.00 in outstanding 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 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) released its quarterly earnings results on Thursday, June, 20th. The open-source software company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate 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 return on equity of 36.67% and a net margin of 13.26%. The company's revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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?
1 equities research analysts have issued 1-year price objectives for Red Hat's shares. Their forecasts range from $188.30 to $188.30. On average, they anticipate Red Hat's stock price to reach $188.30 in the next twelve months. This suggests a possible upside of 0.3% from the stock's current price. View Analyst Price Targets for Red Hat.
What is the consensus analysts' recommendation for Red Hat?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Hat in the last year. There are currently 1 hold rating 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 trended very negative recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Red Hat earned a daily sentiment score of -3.1 on InfoTrie's scale. They also assigned news headlines about the open-source software company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the near 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 Microsoft (MSFT), Oracle (ORCL), ServiceNow (NOW), VMware (VMW), Fortinet (FTNT), Symantec (SYMC), Proofpoint (PFPT), Qualys (QLYS), CommVault Systems (CVLT), Progress Software (PRGS), TiVo (TIVO) and FalconStor Software (FALC).
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)
What is Red Hat's stock price today?
One share of RHT stock can currently be purchased for approximately $187.70.
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.
