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Red Hat Inc (RHT) Files 10-K for the Fiscal Year Ended on February 28, 2017

- By insider

Red Hat Inc (RHT) files its latest 10-K with SEC for the fiscal year ended on February 28, 2017. Red Hat Inc is a provider of open source software solutions, using a community-powered approach to develop and offer reliable and high-performing operating system, middleware, virtualization, storage and cloud technologies. Red Hat Inc has a market cap of $15.44 billion; its shares were traded at around $87.71 with a P/E ratio of 63.54 and P/S ratio of 6.65. Red Hat Inc had annual average EBITDA growth of 15.20% over the past ten years. GuruFocus rated Red Hat Inc the business predictability rank of 5-star.


For the last quarter Red Hat Inc reported a revenue of $628.8 million, compared with the revenue of $543.5 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $2.4 billion, an increase of 17.5% from last year. For the last five years Red Hat Inc had an average revenue growth rate of 16.1% a year.

The reported diluted earnings per share was $1.39 for the year, an increase of 29.9% from previous year. Over the last five years Red Hat Inc had an EPS growth rate of 12.4% a year. The Red Hat Inc had a decent operating margin of 13.78%, compared with the operating margin of 14.04% a year before. The 10-year historical median operating margin of Red Hat Inc is 14.01%. The profitability rank of the company is 10 (out of 10).

At the end of the fiscal year, Red Hat Inc has the cash and cash equivalents of $1.1 billion, compared with $927.8 million in the previous year. The long term debt was $745.6 million, compared with $723.9 million in the previous year. The interest coverage to the debt is at a comfortable level of 13.9. Red Hat Inc has a financial strength rank of 6 (out of 10).

At the current stock price of $87.71, Red Hat Inc is traded at 13.7% discount to its historical median P/S valuation band of $101.64. The P/S ratio of the stock is 6.65, while the historical median P/S ratio is 7.71. The intrinsic value of the stock is $30.76 a share, according to GuruFocus DCF Calculator. The stock gained 17.62% during the past 12 months.

CEO Recent Trades:

  • CEO & President James M Whitehurst sold 26,250 shares of RHT stock on 04/20/2017 at the average price of $86.85. The price of the stock has increased by 0.99% since.
  • CEO & President James M Whitehurst sold 4,780 shares of RHT stock on 04/18/2017 at the average price of $85.81. The price of the stock has increased by 2.21% since.
  • CEO & President James M Whitehurst sold 12,000 shares of RHT stock on 04/03/2017 at the average price of $86.56. The price of the stock has increased by 1.33% since.
  • CEO & President James M Whitehurst sold 12,000 shares of RHT stock on 03/28/2017 at the average price of $86.5. The price of the stock has increased by 1.4% since.

Directors and Officers Recent Trades:

  • EVP, Products & Technologies Paul J Cormier sold 18,482 shares of RHT stock on 04/20/2017 at the average price of $87.43. The price of the stock has increased by 0.32% since.
  • EVP, Chief People Officer Delisa Alexander sold 7,670 shares of RHT stock on 04/20/2017 at the average price of $86.76. The price of the stock has increased by 1.09% since.
  • EVP, General Counsel Michael Cunningham sold 8,000 shares of RHT stock on 04/20/2017 at the average price of $87.15. The price of the stock has increased by 0.64% since.
  • EVP, Chief People Officer Delisa Alexander sold 1,440 shares of RHT stock on 04/18/2017 at the average price of $85.81. The price of the stock has increased by 2.21% since.
  • EVP, Global Sales & Service Arun Oberoi sold 15,000 shares of RHT stock on 04/05/2017 at the average price of $84.65. The price of the stock has increased by 3.61% since.

For the complete 20-year historical financial data of RHT, click here.

This article first appeared on GuruFocus.