RHT - Red Hat, Inc.

NYSE - NYSE Delayed Price. Currency in USD
181.94
-0.62 (-0.34%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close182.56
Open182.60
Bid182.02 x 900
Ask182.02 x 800
Day's Range181.87 - 182.75
52 Week Range115.31 - 183.58
Volume1,659,234
Avg. Volume1,363,772
Market Cap32.16B
Beta (3Y Monthly)-0.29
PE Ratio (TTM)78.09
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
    CNBC4 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.

  • Cramer: Put to rest any concerns that the Fed should raise interest rates
    CNBC Videos4 days ago

    Cramer: Put to rest any concerns that the Fed should raise interest rates

    Jim Cramer takes a look at the freight and transport sector to explain why worries about inflation are now over.

  • IBM Served Up Some Surprises in Q1
    Motley Fool2 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 Wire3 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.

  • Reuters4 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.

  • Reuters4 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 ...

  • Reuters4 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 Journals4 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.

  • Reuters4 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
    MarketWatch4 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.com4 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 Monkey5 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
    Bloomberg5 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
    InvestorPlace5 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
    Zacks8 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.com9 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.

  • Markit18 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 Monkey23 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.com25 days ago

    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 Fool25 days ago

    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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    Zacks25 days ago

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  • Red Hat Rises Slightly on Mixed 4th-Quarter Results
    GuruFocus.com25 days ago

    Red Hat Rises Slightly on Mixed 4th-Quarter Results

    Shares of Red Hat Inc. (RHT) jumped 0.18% to $181.79 in after-hours trading on Monday after beating consensus estimates on non-GAAP earnings for the last quarter of fiscal 2019 by 15 cents, having posted $1.16 per diluted share or a 26.1% increase year-over-year. GAAP earnings were 75 cents per diluted share, reversing from the prior-year quarter loss of 7 cents per diluted share. Warning! GuruFocus has detected 6 Warning Signs with GPC.

  • Red Hat (RHT) Q4 Earnings Beat Estimates, Revenues Up Y/Y
    Zacks25 days ago

    Red Hat (RHT) Q4 Earnings Beat Estimates, Revenues Up Y/Y

    Red Hat (RHT) fourth-quarter fiscal 2019 results benefit from strong cross-selling and robust demand for Ansible and OpenShift, but increasing expenses hurt.

  • InvestorPlace26 days ago

    Red Hat Earnings: RHT Stock Edges Higher After Turning Q4 Profit

    Red Hat (NYSE:RHT) announced its latest quarterly earnings results late on Monday, bringing in a profit that proved to be significant as the business posted a loss during the same period a year ago, yet shares were mostly unmoved after hours today.The Raleigh, North Carolina-based company announced that for its fourth quarter of the fiscal 2018, it managed to bring in net income of $139.5 million, or 75 cents per share. The figure was stronger than the company's loss of $12.16 million, or 7 cents per share from its fourth quarter of 2017.On an adjusted basis, Red Hat brought in earnings of $1.16 per share, about 15 cents higher than the Wall Street consensus estimate of $1.01 per share. The business added that its revenue for the period tallied up to $879 million, topping the Wall Street guidance of $883.85 million.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSales were up about 14% when compared to the same period in its fiscal 2017, or up 17% on a constant currency basis. Red Hat added that its subscription revenue for the period tallied up to $774 million, about 13% higher than in the year-ago period, or 16% better on a constant currency basis.The company's quarter benefited from lower income taxes provision, as well as positive customer growth and stable demand from its hybrid cloud tech solutions.RHT stock was down about 0.2% during regular trading Monday, then gained a fraction after hours despite the company managing to bring in a profit for its last period of the fiscal 2018. More From InvestorPlace * 7 Marijuana Stocks to Play the CBD Trend * 10 Stocks on the Rise Heading Into the Second Quarter * 7 Beaten-Up Stocks to Buy as They Reverse Course Compare Brokers The post Red Hat Earnings: RHT Stock Edges Higher After Turning Q4 Profit appeared first on InvestorPlace.

  • Associated Press26 days ago

    Red Hat: Fiscal 4Q Earnings Snapshot

    The Raleigh, North Carolina-based company said it had profit of 75 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to $1.16 per share. The results beat Wall Street ...