News articles about Red Hat (NYSE:RHT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Red Hat earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned headlines about the open-source software company an impact score of 46.9165011025435 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

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

Shares of Red Hat (RHT) traded down $1.13 during mid-day trading on Thursday, hitting $125.47. 1,431,813 shares of the company traded hands, compared to its average volume of 1,850,000. The company has a market cap of $22,200.00, a P/E ratio of 68.19, a price-to-earnings-growth ratio of 3.80 and a beta of 1.19. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.53. Red Hat has a 1-year low of $72.78 and a 1-year high of $130.93.

Red Hat (NYSE:RHT) last announced its earnings results on Tuesday, December 19th. The open-source software company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. The business had revenue of $747.98 million during the quarter, compared to the consensus estimate 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 was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 EPS. equities research analysts anticipate that Red Hat will post 2.08 earnings per share for the current fiscal year.

RHT has been the topic of several recent analyst reports. Robert W. Baird restated a “hold” rating on shares of Red Hat in a research note on Tuesday, September 26th. BTIG Research restated a “buy” rating and set a $120.00 price objective on shares of Red Hat in a research note on Wednesday, September 27th. BMO Capital Markets restated a “market perform” rating and set a $128.00 price objective (up from $107.00) on shares of Red Hat in a research note on Tuesday, September 26th. JPMorgan Chase & Co. restated an “overweight” rating and set a $117.00 price objective (up from $110.00) on shares of Red Hat in a research note on Tuesday, September 26th. Finally, Barclays boosted their price objective on shares of Red Hat from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $124.25.

In other Red Hat news, EVP Delisa Alexander sold 1,393 shares of the business’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 $173,943.91. Following the completion of the sale, the executive vice president now owns 36,420 shares of the company’s stock, valued at approximately $4,547,765.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James M. Whitehurst sold 5,593 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $124.87, for a total transaction of $698,397.91. Following the completion of the sale, the chief executive officer now directly owns 373,506 shares of the company’s stock, valued at approximately $46,639,694.22. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2018/01/18/red-hat-rht-earning-somewhat-positive-news-coverage-analysis-finds.html.

About Red Hat

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)

Receive News & Ratings for Red Hat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Hat and related companies with MarketBeat.com's FREE daily email newsletter.