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RHT Buyback image

Red Hat, Inc. Buyback

OLI recorded this information on 6/22/2016

Company: Red Hat, Inc.
Buyback: RHT buyback
$Amount Authorized: $1,000,000,000
Buyback Details: Red Hat, Inc. (NYSE:RHT), the world's leading provider of open source solutions, today announced that its Board of Directors has authorized the repurchase of up to $1 billion of the Company's common stock from time to time on the open market or in privately negotiated transactions.

Red Hat is a provider of open source software solutions, using an approach to develop and provide operating system, virtualization, management, middleware, cloud and storage technologies. Co. uses the open source software development and licensing model to provide its offerings to customers primarily on a subscription basis. Subscriptions for its offerings are marketed and sold to customers directly and through business partners. Co.'s products and services include: infrastructure-related offerings, such as Red Hat Enterprise Linux technologies, Red Hat Satellite, and Red Hat Virtualization; and application development-related and other technology offerings, such as Red Hat Middleware.
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Company Name: 
Red Hat Inc
Stock buyback: 
RHT buyback
Website: 
www.redhat.com
Sector: 
Application Software
 

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Hold (2.33 out of 4)
100th percentile
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