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 Date12/16/2019 (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 of Directors has authorized a stock repurchase 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 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 quarterly earnings data on Thursday, June, 20th. The open-source software company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.86 by $0.14. The open-source software company earned $934.10 million during the quarter, compared to the consensus estimate of $931.58 million. Red Hat had a net margin of 13.26% and a return on equity of 36.67%. The firm's quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share. View Red Hat's Earnings History.
When is Red Hat's next earnings date?
What price target have analysts set for RHT?
10 equities research analysts have issued 1-year price objectives for Red Hat's shares. Their predictions range from $188.30 to $190.00. On average, they anticipate Red Hat's share price to reach $189.81 in the next twelve months. View Analyst Price Targets for Red Hat.
What is the consensus analysts' recommendation for Red Hat?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Hat in the last year. There are currently 9 hold ratings and 1 buy 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?
News stories about RHT stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Red Hat earned a media sentiment score of 0.6 on InfoTrie's scale. They also assigned media stories 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 stock's share price in the next few days. 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), VMware (VMW), ServiceNow (NOW), Symantec (SYMC), Fortinet (FTNT), Proofpoint (PFPT), Qualys (QLYS), CommVault Systems (CVLT), Progress Software (PRGS), TiVo (TIVO), FalconStor Software (FALC) and Websense (WBSN).
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)
How big of a company is Red Hat?
Red Hat has a market capitalization of $0.00 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.
