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
Industry Computer programming, data processing, & other computer related
Sub-IndustrySystems Software
SectorComputer and Technology
Phone919-754-3700
Debt
Current Ratio1.26
Quick Ratio1.26
Price-To-Earnings
Sales & Book Value
Annual Sales$2.92 billion
Price / Sales10.63
Price / Cash Flow57.00
Price / Book21.81
Profitability
Net Income$258.80 million
Net Margins8.66%
Return on Assets9.27%
Miscellaneous
Employees11,870
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 approved a stock repurchase plan on Thursday, June 21st 2018, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 4% of its stock through open market purchases. Stock repurchase plans are usually 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) posted its quarterly earnings data on Monday, December, 17th. The open-source software company reported $0.96 EPS for the quarter, beating the Zacks' consensus estimate of $0.87 by $0.09. The open-source software company earned $847 million during the quarter, compared to the consensus estimate of $852.79 million. Red Hat had a return on equity of 33.96% and a net margin of 8.66%. The business's revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm earned $0.73 EPS. View Red Hat's Earnings History.
When is Red Hat's next earnings date?
What price target have analysts set for RHT?
29 analysts have issued twelve-month price targets for Red Hat's shares. Their forecasts range from $84.00 to $190.00. On average, they expect Red Hat's stock price to reach $164.2963 in the next twelve months. This suggests that the stock has a possible downside of 6.4%. 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 third-quarter fiscal 2019 earnings and revenues witnessed year-over-year growth. Strong demand for hybrid cloud technology solutions and aggressive cross-selling primarily benefited the company’s results. Additionally, the company inked 100 deals worth more than $1 million in the quarter. Moreover, Red Hat OpenShift and Red Hat Ansible Automation experienced strong customer growth. However, heavy investments on new and emerging technology continued to drag down its operating margin. Red Hat has set a special meeting on Jan 16, 2019 for its stockholders to vote on the proposed merger with IBM. Notably, its shares have outperformed the industry on a year-to-date basis." (12/31/2018)
- 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 coverage about RHT stock has trended positive recently, InfoTrie Sentiment reports. The research firm scores the sentiment of news coverage by analyzing more than six thousand blog and news 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 2.8 on InfoTrie's scale. They also assigned news articles about the open-source software company a news buzz of 7.0 out of 10, meaning that recent news coverage is likely to have an impact on the stock's share price in the immediate future.
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), Match Group (MTCH), Weibo (WB), Yandex (YNDX), Line (LN), Snap (SNAP), 58.com (WUBA), FactSet Research Systems (FDS), Tripadvisor (TRIP), 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 number of of retail and institutional investors. Top institutional investors include Scout Investments Inc. (0.11%), Havens Advisors LLC (0.04%), Capital Investment Services of America Inc. (0.03%), Gofen & Glossberg LLC IL (0.03%), Moody National Bank Trust Division (0.03%) and Gulf International Bank UK Ltd (0.02%). 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 major investors are selling Red Hat stock?
RHT stock was sold by a variety of institutional investors in the last quarter, including Gulf International Bank UK Ltd, First Hawaiian Bank, Capital Investment Services of America Inc., TRUE Private Wealth Advisors, Sit Investment Associates Inc., Boltwood Capital Management, Bright Rock Capital Management LLC and Louisiana State Employees Retirement System. 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 major investors are buying Red Hat stock?
RHT stock was purchased by a variety of institutional investors in the last quarter, including Havens Advisors LLC, Scout Investments Inc., DNB Asset Management AS, CHICAGO TRUST Co NA, First Financial Corp IN, Cerebellum GP LLC, Intl Fcstone Inc. and Daiwa SB Investments Ltd.. 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 $175.61.
How big of a company is Red Hat?
Red Hat has a market capitalization of $30.91 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.
