Red Hat (RHT) Given Daily Media Impact Score of 0.18

Media stories about Red Hat (NYSE:RHT) have been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Red Hat earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the open-source software company an impact score of 46.3149702949549 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

Shares of Red Hat (NYSE:RHT) traded up $2.65 during mid-day trading on Friday, hitting $128.78. The stock had a trading volume of 2,184,787 shares, compared to its average volume of 1,368,080. Red Hat has a one year low of $68.54 and a one year high of $129.61. The firm has a market capitalization of $22,959.93, a price-to-earnings ratio of 70.76, a PEG ratio of 4.09 and a beta of 1.19. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.54.

Red Hat (NYSE:RHT) last issued its quarterly earnings results on Monday, September 25th. The open-source software company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.10. Red Hat had a return on equity of 25.27% and a net margin of 11.49%. The company had revenue of $723.60 million during the quarter, compared to analyst estimates of $699.56 million. During the same period in the previous year, the company earned $0.55 earnings per share. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. equities analysts expect that Red Hat will post 2 EPS for the current fiscal year.

Several equities research analysts have commented on the stock. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $117.00 price target (up from $110.00) on shares of Red Hat in a research report on Tuesday, September 26th. Drexel Hamilton reissued a “buy” rating and issued a $127.00 price target on shares of Red Hat in a research note on Tuesday, September 19th. KeyCorp reissued an “overweight” rating and issued a $125.00 price target (up previously from $121.00) on shares of Red Hat in a research note on Tuesday, September 26th. Sanford C. Bernstein reissued a “market perform” rating and issued a $136.00 price target (up previously from $115.00) on shares of Red Hat in a research note on Tuesday, September 26th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $98.00 price target (down previously from $120.00) on shares of Red Hat in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $115.74.

In other news, Director William S. Kaiser sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $114.79, for a total transaction of $1,607,060.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael A. Kelly sold 2,888 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $121.03, for a total value of $349,534.64. Following the sale, the insider now owns 8,751 shares in the company, valued at $1,059,133.53. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,172 shares of company stock worth $3,926,377. 0.66% of the stock is currently owned by company insiders.

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Red Hat Company Profile

Red Hat, Inc (Red Hat) provides open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, management, middleware, cloud, mobile and storage technologies. Red Hat operates through three geographical segments: the Americas, including the United States, Canada and Latin America; EMEA, including Europe, Middle East and Africa, and Asia Pacific.

Insider Buying and Selling by Quarter for Red Hat (NYSE:RHT)

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