Headlines about Red Hat (NYSE:RHT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing 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 positive one, with scores closest to one being the most favorable. Red Hat earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media coverage about the open-source software company an impact score of 46.5704021843271 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern’s analysis:
- Red Hat Completes FIPS 140-2 Re-certification for Red Hat … – Business Wire (press release) (businesswire.com)
- Hot Stock under Review – Red Hat Inc (NYSE: RHT) – Stocks Pen (stockspen.com)
- Who is showing interest in Red Hat, Inc. (RHT) stock Buyer or Seller? – Wall Street Morning (wallstreetmorning.com)
- Red Hat -0.9% on analyst downgrade – Seeking Alpha (seekingalpha.com)
- Tintri Names Thomas Barton Chief Executive Officer (markets.financialcontent.com)
A number of research analysts recently commented on RHT shares. Zacks Investment Research cut Red Hat from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Northland Securities reissued a “buy” rating and issued a $150.00 target price on shares of Red Hat in a research note on Thursday, December 21st. Mizuho increased their target price on Red Hat from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, December 13th. Credit Suisse Group reissued a “neutral” rating and issued a $120.00 target price (up previously from $113.00) on shares of Red Hat in a research note on Wednesday, December 20th. Finally, Citigroup reissued a “buy” rating and issued a $148.00 target price on shares of Red Hat in a research note on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $127.29.
Red Hat (RHT) traded down $0.26 during trading on Friday, hitting $154.17. 1,667,207 shares of the stock were exchanged, compared to its average volume of 1,693,418. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $27,442.75, a price-to-earnings ratio of 84.25, a P/E/G ratio of 4.11 and a beta of 1.06. Red Hat has a one year low of $81.06 and a one year high of $157.22.
Red Hat (NYSE:RHT) last posted its earnings results on Tuesday, December 19th. The open-source software company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.03. The company had revenue of $747.98 million during the quarter, compared to analyst estimates of $734.69 million. Red Hat had a net margin of 12.14% and a return on equity of 26.23%. Red Hat’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. sell-side analysts anticipate that Red Hat will post 2.08 earnings per share for the current year.
In other Red Hat news, CEO James M. Whitehurst sold 5,593 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $124.87, for a total value of $698,397.91. Following the completion of the sale, the chief executive officer now directly owns 373,506 shares in the company, valued at $46,639,694.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William S. Kaiser sold 7,700 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $130.00, for a total transaction of $1,001,000.00. Following the completion of the sale, the director now owns 61,652 shares of the company’s stock, valued at $8,014,760. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,686 shares of company stock valued at $1,873,342. 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.
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