RHT - Red Hat, Inc.

NYSE - NYSE Delayed Price. Currency in USD
172.95
+0.07 (+0.04%)
At close: 4:01PM EST

173.50 +0.55 (0.32%)
After hours: 6:23PM EST

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Previous Close172.88
Open173.47
Bid0.00 x 800
Ask175.00 x 900
Day's Range172.91 - 173.50
52 Week Range115.31 - 177.70
Volume3,674,621
Avg. Volume2,762,687
Market Cap30.533B
Beta (3Y Monthly)0.22
PE Ratio (TTM)113.19
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • Could Red Hat deal be a 'distraction' for IBM? Unisys CEO hopes so
    American City Business Journals15 hours ago

    Could Red Hat deal be a 'distraction' for IBM? Unisys CEO hopes so

    The IBM-Red Hat deal could be the “distraction” competitors are looking for. Peter Altabef, CEO of Unisys, is one of several CEOs who talked about the deal on recent earnings calls. “After completing the bulk of its portfolio realignment and internal transformation initiatives, IBM Services risks being placed on autopilot while IBM shifts focus to making its largest purchase ever to bolster its software and cloud portfolio,” she says.

  • Icahn says VMWare should be worth $300 per share, cites Red Hat deal
    Reuters2 days ago

    Icahn says VMWare should be worth $300 per share, cites Red Hat deal

    Carl Icahn said on Monday VMWare should be worth $300 per share, the activist investor's latest bid to scuttle Dell's plan to go public by buying back shares tied to its interest in the software company. ...

  • Reuters2 days ago

    Icahn says VMWare should be worth $300 per share, cites Red Hat deal

    (Reuters) - Carl Icahn said on Monday VMWare (VMW.N) should be worth $300 per share, the activist investor's latest bid to scuttle Dell's plan to go public by buying back shares tied to its interest in ...

  • IBM Wins the Kyocera Cloud Contract
    Market Realist2 days ago

    IBM Wins the Kyocera Cloud Contract

    IBM (IBM) recently won a cloud computing contract from Kyocera. The contract, which was awarded after a competitive bidding process, calls for IBM to provide infrastructure on which Kyocera will run mission-critical applications. Kyocera said it chose IBM over competing bids because it believes IBM can provide it with a secure and flexible cloud environment.

  • Why you should let your stock winners run and dump your losers ASAP
    MarketWatch3 days ago

    Why you should let your stock winners run and dump your losers ASAP

    Many investors have heard the old saw that “it’s not a stock market, but a market of stocks.” The saying is meant to imply that while we talk a lot about the general direction of a bull or bear market, it’s just as important to acknowledge the qualities of individual stocks. It’s a mindset that’s worth remembering in 2018, when the S&P 500 Index (SPX) is sitting on a middling return of about 4% since Jan. 1, but there have been plenty of fireworks when you look at individual stocks across more focused time periods. Take blue-chip General Electric (GE) which has crashed and burned about 50% this year after yet another dividend cut, and compare it with perennial high-flier Netflix (NFLX) which is up more than 70% in the same period, thanks in part to big earnings in October.

  • How the Red Hat Deal Will Affect IBM’s Repurchase Program
    Market Realist4 days ago

    How the Red Hat Deal Will Affect IBM’s Repurchase Program

    The deal to acquire Red Hat (RHT) is expected to interfere with IBM’s (IBM) share repurchase program. IBM is financing the $34 billion Red Hat deal through a combination of cash on hand and loans. Since IBM’s debt is set to rise as a result of its borrowing to finance the Red Hat deal, the company is taking measures to ensure that its debt doesn’t grow to levels that could hurt its credit rating.

  • InvestorPlace4 days ago

    Does the Red Hat Deal Make IBM Stock Worth Buying?

    Late last month, International Business Machines (NYSE:IBM) agreed to pay $34 billion for software company Red Hat (NYSE:RHT), making it not only the biggest deal in Big Blue’s 107-year history, but the biggest software acquisition ever. In the days following the deal, IBM stock retreated, but IBM stock price has since risen, taking the shares back to roughly where they were before the transaction was announced. The time to pull the trigger on IBM stock — if it’s going to be pulled at all — is now.

  • How Will IBM Finance Its Red Hat Deal?
    Market Realist4 days ago

    How Will IBM Finance Its Red Hat Deal?

    IBM (IBM) is acquiring open-source software leader Red Hat (RHT) for $34 billion, which represents a 63% premium to Red Hat’s closing price the day before the deal was made public.

  • Bitcoin Pioneer Who Gave Away Over $100 Million Has No Regrets
    Bloomberg5 days ago

    Bitcoin Pioneer Who Gave Away Over $100 Million Has No Regrets

    Looking back 10 years after its creation, Garzik says he is proud, even though Bitcoin is not what he envisioned it would become. “As a father I enjoy watching my kids grow up, even as they make mistakes or grow in ways that I wouldn’t expect," said Garzik, who has given away Bitcoin valued at more than $100 million based on current prices. During the initial period, Garzik, 44, worked directly with Nakamoto, corresponding via private email and the Bitcointalk forum, until the token’s creator abruptly disappeared in 2011.

  • Why Red Hat Inc. Shares Jumped 26% Higher Last Month
    Motley Fool5 days ago

    Why Red Hat Inc. Shares Jumped 26% Higher Last Month

    The Linux vendor and general open-source software champion is joining forces with Big Blue in a $34 billion blockbuster of a buyout.

  • Barrons.com5 days ago

    With Red Hat, IBM Makes a Big Cloud Promise. The Reality Is Far More Hazy.

    In announcing the $34 billion acquisition, IBM said it’s “completely changing the cloud landscape.” The facts would seem to suggest otherwise.

  • Why International Business Machines Corporation Stock Tumbled 24% Last Month
    Motley Fool7 days ago

    Why International Business Machines Corporation Stock Tumbled 24% Last Month

    Shares of the tech giant plunged on a weak earnings report and a questionable acquisition. Here's what you need to know.

  • Wednesday’s Vital Data: General Motors, IBM and Wells Fargo
    InvestorPlace7 days ago

    Wednesday’s Vital Data: General Motors, IBM and Wells Fargo

    U.S. stock futures are trading broadly higher this morning after election results reveal the Democrats wrested back control of the House for the first time in eight years. In the options pits, the quiet trading day drove overall volume levels back toward average levels. General Motors (NYSE:GM) saw continued options interest following its recent earnings win.

  • Benzinga8 days ago

    Cramer: IBM CEO Rometty Signaled 'Real Commitment' To Stock

    IBM (NYSE: IBM) CEO Ginni Rometty purchased $3 million in IBM stock this week at a time when many investors are not pleased with the company's $34-billion acquisition of Red Hat Inc (NYSE: RHT), Cramer said during his daily "Mad Money" show Monday. What's even more notable is that two-thirds of Rometty's compensation is stock-based, and this week's insider buy is her first-ever on the open market, Cramer said.

  • TheStreet.com8 days ago

    IBM CEO Rometty Buys Almost $3 Million in Company Stock

    Chief Executive Virginia M. Rometty bought close to $3 million in company shares, according to filings made with the Securities and Exchange Commission. IBM shares were up around 4% to $120.22 on news of the buy. With a two-decade partnership with Red Hat, IBM has long worked with the Linux-based company on cloud products for its $19 billion hybrid cloud business.

  • IBM CEO Ginni Rometty Buys About $3 Million in Company Stock
    Bloomberg9 days ago

    IBM CEO Ginni Rometty Buys About $3 Million in Company Stock

    Rometty purchased roughly $1 million in the open market and $2 million through an IBM retirement fund. The CEO now owns more than 314,000 IBM shares. International Business Machines Corp. recently committed to buy back $4 billion worth of shares.

  • IBM CEO Ginni Rometty Buys About $3 Million in Company Stock
    Bloomberg9 days ago

    IBM CEO Ginni Rometty Buys About $3 Million in Company Stock

    Rometty purchased roughly $1 million in the open market and $2 million through an IBM retirement fund. The CEO now owns more than 314,000 IBM shares. International Business Machines Corp. recently committed to buy back $4 billion worth of shares.

  • IBM's $34B Red Hat deal is risky bid to boost cloud business
    Associated Press10 days ago

    IBM's $34B Red Hat deal is risky bid to boost cloud business

    IBM's plan to buy Red Hat is both the biggest acquisition in IBM's century-long history and a risky effort to position itself as a major player in cloud computing. The $34 billion stock deal translates to $190 per Red Hat share — a 63 percent premium to the closing price Friday for the Raleigh, North Carolina, company. The path for revitalization for IBM may be found in cloud technology, a driving force behind the blockbuster deal for Red Hat over the weekend.

  • Tech Stocks This Week: Fitbit Soars, Apple Falls, and More
    Motley Fool10 days ago

    Tech Stocks This Week: Fitbit Soars, Apple Falls, and More

    Here's a look at a major acquisition and why Fitbit and Apple stock moved in opposite directions.

  • The Wall Street Journal11 days ago

    [$$] Roof's Take: Tar Heel Tech Scene Makes a Splash

    Tar Heel tech is on a tear. Epic Games Inc., creator of the hit “Fortnite” videogames, on Oct. 26 announced a $1.25 billion venture investment in the Cary, N.C.-based company. For decades, the Research Triangle Park in North Carolina has been an important tech hub and point of pride in the Tar Heel State.

  • Red Hat CEO: 'There are no planned layoffs' with $34B IBM buyout
    American City Business Journals11 days ago

    Red Hat CEO: 'There are no planned layoffs' with $34B IBM buyout

    As Red Hat awaits the culmination of its pending $34 billion buyout by IBM, executives continue to try selling its developers on the deal.

  • Cover Story: How Red is Turning Blue: The effects of $34B IBM-Red Hat marriage
    American City Business Journals12 days ago

    Cover Story: How Red is Turning Blue: The effects of $34B IBM-Red Hat marriage

    Red Hat CEO Jim Whitehurst stood in front of hundreds of perplexed faces, telling colleagues – both online and in the folding seats – that the company, long known for its stand-alone culture, was about to go blue.

  • Editor's Notebook: Raleigh on the losing side of IBM-Red Hat monster deal
    American City Business Journals13 days ago

    Editor's Notebook: Raleigh on the losing side of IBM-Red Hat monster deal

    Raleigh will be on the losing side of the $34 billion IBM-Red Hat deal. Not only that, some argue, since a merged IBM and Red Hat will be stronger, we may have expansions from both entities, thereby accelerating the creation of new jobs in Raleigh and RTP. One of the most recent deals that comes to mind is when Connecticut-based IMS bought Durham’s Quintiles for about $9 billion two years ago.

  • Ex-Microsoft boss Steve Ballmer's reaction on hearing of IBM's $34B plan to buy Red Hat: 'Whoa'
    American City Business Journals13 days ago

    Ex-Microsoft boss Steve Ballmer's reaction on hearing of IBM's $34B plan to buy Red Hat: 'Whoa'

    The longtime Microsoft leader was surprised by last weekend's announcement and the $34 billion IBM is offering to acquire the cloud-software provider.