Free Trial
Notice: This company has been marked as potentially delisted and may not be actively trading.
NYSE:RHT

Red Hat (RHT) Stock Price, News & Analysis

About Red Hat Stock (NYSE:RHT)

Key Stats

Today's Range
$187.60
$187.81
50-Day Range
$187.71
$187.76
52-Week Range
$115.31
$189.14
Volume
999,351 shs
Average Volume
1.59 million shs
Market Capitalization
$33.43 billion
P/E Ratio
67.28
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

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.

Receive RHT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Red Hat and its competitors with MarketBeat's FREE daily newsletter.

RHT Stock News Headlines

Are You Ready for a Small-Cap Rally?
Jeff Bezos has just made a bold move into Quantum Computing as a Service (QaaS), a technology set to disrupt industries worth over $46 trillion. What's even more intriguing?
Fate of Red Hat Amphitheater decided
See More Headlines

RHT Stock Analysis - Frequently Asked Questions

Red Hat Inc (NYSE:RHT) posted its quarterly earnings results on Thursday, June, 20th. The open-source software company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.14. The firm's quarterly revenue was up 14.8% on a year-over-year basis.

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

Company Calendar

Last Earnings
6/20/2019
Today
9/20/2024

Industry, Sector and Symbol

Industry
Computer Programming, Data Processing, & Other Computer Related
Sub-Industry
Systems Software
Previous Symbol
NASDAQ:RHAT
CUSIP
75657710
Fax
N/A
Employees
13,360
Year Founded
N/A

Profitability

Net Income
$433.99 million
Pretax Margin
N/A

Debt

Sales & Book Value

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

Miscellaneous

Free Float
N/A
Market Cap
$33.43 billion
Optionable
Optionable
Beta
0.45
The Best High-Yield Dividend Stocks for 2024 Cover

Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.

Get This Free Report

Should I Buy Red Hat Stock? RHT Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 10, 2024. Please send any questions or comments about these Red Hat pros and cons to contact@marketbeat.com.

Red Hat
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Red Hat Inc:

  • Red Hat Inc has a strong presence in providing open source software solutions for various enterprises worldwide, offering a wide range of technologies including operating systems, virtualization, cloud, and storage.
  • Recent collaboration with Juniper Networks Expand to provide a unified solution for enterprises can potentially enhance Red Hat Inc's market position and offerings.
  • Red Hat Inc's software solutions, such as Red Hat Enterprise Linux and Red Hat JBoss Middleware, are widely used in hybrid cloud environments, showcasing the company's relevance in modern IT infrastructures.
  • Red Hat Inc's consulting, support, and training services provide additional value to customers, potentially leading to long-term relationships and revenue streams.
  • Current stock price of Red Hat Inc is stable and has shown resilience in the face of recent legal challenges, indicating investor confidence in the company's future prospects.

Red Hat
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Red Hat Inc for these reasons:

  • Red Hat Inc recently filed a lawsuit after being targeted by a tech firm, which could lead to legal uncertainties and potential financial implications for the company.
  • Competition in the open source software market is intense, with other major players like IBM, Google, and Amazon also offering similar solutions, posing a challenge to Red Hat Inc's market share.
  • While Red Hat Inc has a strong product portfolio, rapid technological advancements in the industry may require continuous innovation and adaptation to maintain competitiveness.
  • Market volatility and economic uncertainties can impact the demand for Red Hat Inc's software solutions, affecting the company's revenue and growth prospects.
  • Investors should carefully monitor industry trends and regulatory changes that could impact Red Hat Inc's operations and financial performance in the future.

This page (NYSE:RHT) was last updated on 9/20/2024 by MarketBeat.com Staff
From Our Partners