RHT - Red Hat, Inc.

NYSE - NYSE Delayed Price. Currency in USD
182.30
-0.21 (-0.12%)
At close: 4:02PM EDT

182.30 0.00 (0.00%)
After hours: 5:15PM EDT

Stock chart is not supported by your current browser
Previous Close182.51
Open182.50
Bid182.00 x 1400
Ask182.58 x 1200
Day's Range182.23 - 182.70
52 Week Range115.31 - 183.58
Volume1,009,122
Avg. Volume1,331,756
Market Cap32.223B
Beta (3Y Monthly)-0.29
PE Ratio (TTM)78.24
EPS (TTM)2.33
Earnings DateJun 19, 2019 - Jun 24, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est185.41
Trade prices are not sourced from all markets
  • IBM Senior VP: Why Red Hat's future is so bright
    CNBC9 days ago

    IBM Senior VP: Why Red Hat's future is so bright

    Jim Cramer chats with IBM Senior Vice President of Global Markets Martin Schroeter to hear what plans the company has once its acquisition of Red Hat closes.

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  • GuruFocus.comyesterday

    Red Hat Inc (RHT) Files 10-K for the Fiscal Year Ended on February 28, 2019

    Red Hat Inc is a software company operating business across the world. Red Hat Inc had annual average EBITDA growth of 16.20% over the past ten years. GuruFocus rated Red Hat Inc the business predictability rank of 5-star.

  • Why Is Red Hat (RHT) Up 0.3% Since Last Earnings Report?
    Zacksyesterday

    Why Is Red Hat (RHT) Up 0.3% Since Last Earnings Report?

    Red Hat (RHT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Insider Monkey2 days ago

    Nancy Havens’ Havens Advisors’ Return, AUM, and Holdings (Part II)

    Read the beginning of this article here. Among the biggest Havens Advisors fourth quarter holdings that weren’t sold out in the meantime was Red Hat Inc (NYSE:RHT), a software company which offers a variety of open-source products, such as high performing Linux, container, cloud, and Kubernetes technologies. The fund purchased 70,324 Red Hat’s shares, establishing […]

  • From Iqvia to Bandwdith: These execs walked away with millions in Q1 insider stock sales
    American City Business Journals3 days ago

    From Iqvia to Bandwdith: These execs walked away with millions in Q1 insider stock sales

    Top executives in the Triangle walked away with millions of dollars in insider stock sales in the first quarter of 2019. Brian Bailey, a board member and Bandwidth and the cofounder and managing partner of one of its biggest stakeholders,  Carmichael Partners, walked away with about $8 million through multiple stock sell-offs. The largest individual stock seller in the quarter is a familiar name on the list – Iqvia’s John Connaughton.

  • IBM Served Up Some Surprises in Q1
    Motley Fool7 days ago

    IBM Served Up Some Surprises in Q1

    The computing titan is prepping for a $33 billion merger, and you won't hear management talking about "strategic imperatives" after this.

  • Business Wire8 days ago

    Leadership of OpenJDK 8 and OpenJDK 11 Transitions to Red Hat

    Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today announced that it will serve as the steward of the OpenJDK 8 and OpenJDK 11 projects following a transition of leadership from Oracle. With the transition, Red Hat is affirming its support of the Java community and following a similar path that led to its leadership of both the OpenJDK 6 and OpenJDK 7 projects. OpenJDK is an open source implementation of Java, one of the most widely-used programming languages for building enterprise-grade applications.

  • Reuters9 days ago

    IBM quarterly revenue misses on weak mainframe computer business

    International Business Machines Corp reported a bigger-than-expected drop in first-quarter revenue on Tuesday, hurt by tapering demand for its mainframe computers and a stronger dollar, sending its shares down about 3 percent. The technology giant's revenue at all its main business units except cloud, which has been the centerpiece of its turnaround strategy, missed analysts' estimates. IBM's cloud and cognitive segment, which includes analytics, cybersecurity and artificial intelligence, fell 1.5 percent to $5.04 billion in the quarter, but beat FactSet estimates of $4.18 billion.

  • Reuters9 days ago

    IBM quarterly revenue, full-year forecast disappoints

    By Sayanti Chakraborty (Reuters) - International Business Machines Corp reported a bigger-than-expected drop in first-quarter revenue on Tuesday, hurt by tapering demand for its latest mainframe computers ...

  • Reuters9 days ago

    UPDATE 1-IBM quarterly revenue, full-year forecast disappoints

    International Business Machines Corp reported a bigger-than-expected drop in first-quarter revenue on Tuesday, hurt by tapering demand for its latest mainframe computers and a stronger dollar. Shares of ...

  • IBM CFO: Red Hat deal is on track to close
    American City Business Journals9 days ago

    IBM CFO: Red Hat deal is on track to close

    IBM’s biggest buy yet - that of Raleigh-based Red Hat for $34 billion – is on track, says Big Blue’s top finance executive.

  • Reuters9 days ago

    IBM quarterly revenue misses estimates on weak cloud, services demand

    International Business Machines Corp reported a bigger-than-expected drop in quarterly revenue on Tuesday, an indication that its efforts to pivot to newer businesses such as cloud, analytics, software and services remained patchy at best. Under Ginni Rommetty's stewardship, the company has shed many of its traditional hardware businesses and beefed up the growth areas through deals such as its $34 billion deal for Red Hat Inc, by far the company's biggest acquisition. Shares of the technology services giant have gained about 18 percent since Jan.22, when it reported its fourth-quarter results.

  • IBM earnings: Short-term revenue pain needs to translate into services growth
    MarketWatch9 days ago

    IBM earnings: Short-term revenue pain needs to translate into services growth

    International Business Machines Corp. needs to show how the short-term pain of declining revenues is going to pay off as the company keeps shifting toward a more services oriented business.

  • Barrons.com10 days ago

    IBM Reports Earnings Today. Here’s What to Expect.

    Investors should look for specifics about IBM’s plans for the Red Hat deal, especially how it plans to pay down $25 billion in debt.

  • 5 of Billionaire George Soros’ Moves in the Tech Sector
    Insider Monkey10 days ago

    5 of Billionaire George Soros’ Moves in the Tech Sector

    Billionaire George Soros is one of the wealthiest and most successful investors of all time. Through a combination of intense research, good market instincts, a top-down approach to investing, and supreme intelligence, Soros has become a billionaire many times over and shown his wisdom in the forex market, futures market, as well as the U.S. stock market. […]

  • As IBM Faces Falling Revenue, Red Hat Deal May Change Narrative
    Bloomberg10 days ago

    As IBM Faces Falling Revenue, Red Hat Deal May Change Narrative

    The company in October announced that it would acquire Red Hat, and while the deal isn’t expected to close until the second half of the year, analysts are looking ahead to the prospects of the combined company, and whether Red Hat’s position in the fast-growing cloud-computing market will be enough to turn sentiment on IBM, which has lagged the overall technology sector for years. Credit Suisse cheered the Red Hat deal in a note published last week, starting coverage on IBM with an outperform rating and Street-high price target of $173. “IBM and Red Hat together form a powerful competitor to guide customers” into a “hybrid-first” world, analyst Matt Cabral wrote to clients.

  • IBM Stock Won’t Rise as Fast as Investors Expect
    InvestorPlace10 days ago

    IBM Stock Won’t Rise as Fast as Investors Expect

    Investors have spent the last three months buying the idea that IBM (NYSE:IBM) is fundamentally changing and about to become a growth company again. Credit Red Hat (NYSE:RHT), the open source software company IBM is in the process of acquiring for $34 billion. Red Hat's December quarter had revenues growing almost 14%, year over year, and non-GAAP earnings growing at 26%.Source: Shutterstock IBM is expecting revenue of $18.65 billion when it reports April 16. In last year's first quarter IBM had revenue of $19 billion. In its most recent earnings call, Red Hat reported $879 million for the quarter.Red Hat will not, by itself, solve IBM's problems.InvestorPlace - Stock Market News, Stock Advice & Trading Tips IBM ExpectationsInvestors buy IBM stock for the bottom line, not the top line. * 5 Semiconductor Stocks to Buy ... If You Have a Strong Stomach IBM is expected to bring in almost $2 billion in earnings for the March quarter. IBM is also expected to announce a hike to its dividend.IBM has been shrinking for years, achieving growth through IBM stock buybacks. The current $1.57 dividend now yields 4.39%. But optimism over the coming Red Hat merger has sent the stock up 26% this year. Top-line gains have been priced-in before they appear.That's why our Luke Lango wrote "sell, sell, sell" in his earnings preview. IBM reports earnings tomorrow after market close. On a near-term basis, IBM is overbought. Other analysts agree. The IBM RealityIBM is trying to transform itself from an old-line tech company into a hot young tech company, but its marketing of that has gotten ahead of reality.For years IBM has been expanding its profits by laying off its most productive workers. It's caught up in an embarrassing age discrimination lawsuit. One-third of its workforce is now located in India.About half of IBM's revenue is still in withering areas like mainframes, not in the "strategic imperatives" of cloud and artificial intelligence it's touting to investors. Last year its highly advertised Watson AI unit had to lay off workers after getting ahead of itself.IBM CEO Ginni Rometty came up through marketing, like her predecessors going back 100 years. That marketing focus is at the heart of IBM's current dilemma. What IBM Stock Investors WantWhat the people piling into IBM want is an immediate transfusion of Red Hat growth into the old-line company. Replacing Rometty with Red Hat CEO Jim Whitehurst would send the stock higher, faster than any other move the company could make right now.But that's not going to happen. Red Hat has only been promised autonomy within IBM. That could turn out to be a "pie crust" promise, easily broken down the road.Red Hat has a technical corporate culture, an "open organization" with lots telecommuting engineers. IBM still has a marketing culture built around business suits and hierarchies. Red Hat is built around collaborating with customers and their technical staffs. IBM was built on telling companies what to do.Red Hat must convince its own employees, customers and investors that it's going to transform IBM. At this writing that process has not even begun. The Bottom Line for IBM StockIf IBM were to become a growth story again, the stock would zoom. IBM still has 43% more annual revenue than Facebook (NASDAQ:FB), which has more than three times its market cap.IBM has staked its future on becoming a cloud company. But in doing that, it is going head-to-head with Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), and Alphabet (NASDAQ:GOOGL), each at least 50% bigger by revenue, and each about 8 times bigger by market cap. * 7 Mid-Cap Stocks to Find the Market's Sweet Spot If you buy IBM today, you're betting the former "Big Blue" is about to become a scrappy underdog and win. That's a speculation, not an investment.Dana Blankenhorn http://www.danablankenhorn.com is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family https://www.amazon.com/Reluctant-Detective-Finds-Her-Family-ebook/dp/B07FSRDR4Y/, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in MSFT and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post IBM Stock Won't Rise as Fast as Investors Expect appeared first on InvestorPlace.

  • 4 Stocks to Gain Traction From Cloud Computing Revolution
    Zacks13 days ago

    4 Stocks to Gain Traction From Cloud Computing Revolution

    Cloud computing's crucial role in improving business productivity and profitability makes it a leading space for growth and substantial investments.

  • Barrons.com14 days ago

    IBM’s Big-Ticket Purchase Gets a Vote of Confidence From Wall Street

    Credit Suisse initiated coverage of cloud providers and argued that IBM will become one of the best of the bunch after it closes its $34 billion acquisition of Red Hat.

  • Markit23 days ago

    See what the IHS Markit Score report has to say about Red Hat Inc.

    Red Hat Inc NYSE:RHTView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for RHT with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding RHT are favorable, with net inflows of $11.00 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, but is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Hedge Funds Flocked Into Red Hat, Inc. (RHT) Ahead of Its Merger With IBM
    Insider Monkey28 days ago

    Hedge Funds Flocked Into Red Hat, Inc. (RHT) Ahead of Its Merger With IBM

    With the fourth-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the first quarter. One of these stocks was Red Hat, Inc. (NYSE:RHT). Red Hat, Inc. (NYSE:RHT) was in […]

  • GuruFocus.comlast month

    Key Takeaways From Red Hat's 4th-Quarter Results

    Red Hat Inc. (RHT) released its fourth-quarter financial results after the market closed on March 25. The quarterly profit was aided by lower income tax provisions as well as robust customer growth and steady demand from the company's hybrid cloud technology solutions. Warning! GuruFocus has detected 1 Warning Sign with PRTY.

  • Red Hat Reports Double-Digit Growth Ahead of IBM Deal
    Motley Foollast month

    Red Hat Reports Double-Digit Growth Ahead of IBM Deal

    The open-source software company continues to perform well as it prepares to become a part of IBM.

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