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NYSE:RHTRed Hat Stock Price, Forecast & News

Notice: This company has been marked as potentially delisted and may not be actively trading.
$187.70
0.00 (0.00 %)
(As of 06/1/2020 02:20 PM ET)
Add
Compare
Today's Range
$187.70
Now: $187.70
$187.70
50-Day Range
$187.71
MA: $187.71
$187.76
52-Week Range
$115.31
Now: $187.70
$189.14
VolumeN/A
Average Volume1.59 million shs
Market Capitalization$33.43 billion
P/E Ratio67.28
Dividend YieldN/A
Beta0.45
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 3.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.21 out of 5 stars


Industry, Sector and Symbol

Industry Computer programming, data processing, & other computer related
Sub-IndustrySystems Software
SectorComputer and Technology
Previous SymbolNASDAQ:RHAT
CUSIP75657710
Phone919-754-3700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.36 billion
Cash Flow$3.63 per share
Book Value$9.13 per share

Profitability

Net Income$433.99 million

Miscellaneous

Employees13,360
Market Cap$33.43 billion
Next Earnings DateN/A
OptionableOptionable

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Red Hat (NYSE:RHT) Frequently Asked Questions

Do Wall Street analysts recommend investors buy shares of 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.

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 the 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 business's revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 EPS. View Red Hat's earnings history.

How will Red Hat's stock buyback program work?

Red Hat declared that its Board of Directors has approved a stock buyback plan on Thursday, June 21st 2018, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

What price target have analysts set for RHT?

1 analysts have issued twelve-month target prices for Red Hat's stock. Their forecasts range from $188.30 to $188.30. On average, they expect Red Hat's share price to reach $188.30 in the next year. This suggests a possible upside of 0.3% from the stock's current price. View analysts' price targets for Red Hat.

Has Red Hat been receiving favorable news coverage?

Media headlines about RHT stock have been trending somewhat positive recently, according to InfoTrie Sentiment. The research group rates the sentiment of news 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 closest to five being the most favorable. Red Hat earned a news impact score of 1.0 on InfoTrie's scale. They also gave media coverage about the open-source software company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutRed Hat.

Who are some of Red Hat's key competitors?

What other stocks do shareholders of Red Hat own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Red Hat investors own include Alibaba Group (BABA), NVIDIA (NVDA), salesforce.com (CRM), Netflix (NFLX), Adobe (ADBE), Intel (INTC), Micron Technology (MU), Broadcom (AVGO), Tesla (TSLA) and Boeing (BA).

Who are Red Hat's key executives?

Red Hat's management team includes the following 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 symbol?

Red Hat trades on the New York Stock Exchange (NYSE) under the ticker symbol "RHT."

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.

What is Red Hat's official website?

The official website for Red Hat is www.redhat.com.

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]

This page was last updated on 6/1/2020 by MarketBeat.com Staff

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