Red Hat (RHT)
Red Hat Altman Z-Score: 6.597
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RHT Altman Z-Score Rankings
| Overall | 85th percentile | 516 of 3552 |
| Sector | 79th percentile | 156 of 759 in Technology |
| Industry | 77th percentile | 18 of 80 in Application Software |
RHT Altman Z-Score Range, Past 5 Years
| Minimum | 1.830 | Nov 2008 |
| Maximum | 7.144 | Nov 2010 |
| Average | 4.796 |
About Altman Z-Score
CAUTION: The Altman Z-Score is meant to be applied only to manufacturing firms that are near bankruptcy. It was not based on a sample including non-manufacturing firms (service firms, banks, etc.). Use it at your own risk with those companies, but beware that bankruptcy probabilities may be misstated.
The Altman Z-Score helps investors to gauge the probability of a company going bankrupt. Generally, firms with a score above 3.00 have a low probability of bankruptcy, and those with a Z-Score of less than 1.81 have a relatively high probability of bankruptcy.
Note that this is a probabilistic model, so it will not classify perfectly.
The score was first published in a 1968 paper by Edward Altman titled "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy."
Altman re-tested the model in a 2000 paper titled "Predicting financial distress of companies: Revisiting the Z-score and Zeta models". The paper showed that the model still had utility for looking at manufacturers, though the number of misclassifications did increase over time.
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RHT News
May 29, 12:00PM Business Wire
May 29, 10:00AM Business Wire
May 29, 10:00AM Business Wire
about 6 days ago by WorldJazz59
about 7 days ago by investorsmosaic
May 24, 4:15PM Business Wire
about 8 days ago by howardlindzon
about 13 days ago by MPI
about 15 days ago by chuckykilo
May 17, 8:00AM Business Wire
about 17 days ago by tradewithpete
about 17 days ago by 1nvestor
May 15, 11:30AM Business Wire
about 18 days ago by tradewithpete
about 21 days ago by ogfomk
May 09, 10:30AM Business Wire
May 09, 9:30AM Business Wire
May 08, 9:10AM Benzinga
about 29 days ago by investorsmosaic
Apr 03, 8:00AM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| RHT | 51.38 | -0.15 | -0.29% | 9.953B |
| RHS | 65.58 | -0.11 | -0.17% | |
| RGR | 38.97 | -0.76 | -1.91% | 760.83M |
| RGP | 21.52 | -0.51 | -2.31% | 3.468B |
| RGLD | 67.64 | -1.06 | -1.54% | 4.040B |
| RGI | 53.10 | -0.28 | -0.52% | |
| RGEN | 4.09 | -0.18 | -4.22% | 131.22M |
| RGCO | 17.41 | -0.04 | -0.23% | 80.79M |
| RGC | 13.75 | -0.08 | -0.58% | 2.141B |
| RGA | 50.17 | -0.06 | -0.12% | 3.686B |
