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Last $73.93 USD
Change Today -0.88 / -1.18%
Volume 1.4M
RHT On Other Exchanges
New York
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

100 East Davie Street

Raleigh, NC 27601

United States

Phone: 919-754-3700


May 2014, Red Hat, Inc. and eNovance announced a new collaboration to drive Network Functions Virtualization (NFV) and telecommunications innovations into OpenStack. In May 2014, Red Hat, Inc. announced collaboration with NetApp to deliver an open hybrid cloud reference architecture based on OpenStack IceHouse. In September 2014, Nokia Networks and Red Hat, Inc. have extended their collaboration to enable mobile operators to create a more efficient and flexible telco cloud infrastructure. In September 2014, StackStorm announced a collaboration with Red Hat, Inc. StackStorm and Red Hat would work together to provide interoperability of their solutions as part of the Red Hat OpenStack Cloud Infrastructure Partner Network. Red Hat Enterprise Linux OpenStack Platform is a highly scalable Infrastructure-as-a-Service (IaaS) product that delivers an open, flexible and enterprise-ready private cloud foundation, built on OpenStack and integrated with and optimized for Red Hat Enterprise Linux. In November 2014, Wipro Ltd. and Red Hat, Inc. announced the global expansion of their alliance to accelerate the deployment of open hybrid cloud solutions. In November 2014, Applied Micro Circuits Corporation, announced collaboration with Red Hat and Cirrascale to deliver a high performance computing (HPC) cluster based on the world's first ARM 64-bit X-Gene Server on a Chip to Lawrence Livermore National Laboratory. History The company was founded in 1993. It was incorporated in Connecticut in 1993 as ACC Corp., Inc., which changed its name to Red Hat Software, Inc. Red Hat Software, Inc. was reincorporated in Delaware in 1998 and changed its name to Red Hat, Inc. in 1999.


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Industry Average

Valuation RHT Industry Range
Price/Earnings 77.6x
Price/Sales 7.6x
Price/Book 10.5x
Price/Cash Flow 75.2x
TEV/Sales 6.5x

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