Analysts See $0.59 EPS for Red Hat, Inc. (RHT); Last Week Penumbra, Inc. (PEN) Coverage

February 25, 2018 - By Kurt Siggers

Analysts expect Red Hat, Inc. (NYSE:RHT) to report $0.59 EPS on March, 26 after the close.They anticipate $0.17 EPS change or 40.48% from last quarter’s $0.42 EPS. RHT’s profit would be $104.43M giving it 62.13 P/E if the $0.59 EPS is correct. After having $0.54 EPS previously, Red Hat, Inc.’s analysts see 9.26% EPS growth. The stock increased 1.35% or $1.96 during the last trading session, reaching $146.62. About 957,165 shares traded. Red Hat, Inc. (NYSE:RHT) has risen 18.97% since February 25, 2017 and is uptrending. It has outperformed by 2.27% the S&P500.

Among 5 analysts covering Penumbra (NYSE:PEN), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Penumbra had 9 analyst reports since October 13, 2015 according to SRatingsIntel. As per Thursday, May 11, the company rating was maintained by BMO Capital Markets. Canaccord Genuity initiated Penumbra, Inc. (NYSE:PEN) on Tuesday, October 13 with “Buy” rating. The stock of Penumbra, Inc. (NYSE:PEN) has “Outperform” rating given on Tuesday, October 13 by Wells Fargo. JP Morgan downgraded the stock to “Neutral” rating in Tuesday, January 2 report. Bank of America initiated it with “Buy” rating and $46 target in Wednesday, October 14 report. The stock of Penumbra, Inc. (NYSE:PEN) has “Overweight” rating given on Tuesday, October 13 by JP Morgan. As per Monday, November 30, the company rating was maintained by Canaccord Genuity. BMO Capital Markets maintained it with “Buy” rating and $86 target in Wednesday, April 12 report. See Penumbra, Inc. (NYSE:PEN) latest ratings:

02/01/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Neutral Downgrade

The stock increased 2.56% or $2.55 during the last trading session, reaching $102.15. About 115,507 shares traded. Penumbra, Inc. (NYSE:PEN) has risen 65.49% since February 25, 2017 and is uptrending. It has outperformed by 48.79% the S&P500.

Penumbra, Inc. designs, develops, manufactures, and markets medical devices in the United States, Europe, Canada, Australia, Japan, and internationally. The company has market cap of $3.47 billion. The firm offers neurovascular access systems designed to provide intracranial access for use in a range of neurovascular therapies under the Neuron, Neuron MAX, Select, BENCHMARK, DDC, PX SLIM, and Velocity brands; aspiration based thrombectomy systems and accessory devices under the Penumbra System brand; and revascularization device for mechanical thrombectomy under the 3D brand. It currently has negative earnings. It also provides neurovascular embolization coiling systems to treat patients with various sizes of aneurysms and other neurovascular lesions under the Penumbra Coil 400 and Penumbra SMART Coil brands; and neurovascular stents for stent-assisted coiling in large and wide-neck aneurysms under the LIBERTY Stent brand.

Investors sentiment decreased to 1.23 in 2017 Q3. Its down 0.02, from 1.25 in 2017Q2. It worsened, as 43 investors sold Red Hat, Inc. shares while 154 reduced holdings. 65 funds opened positions while 177 raised stakes. 157.62 million shares or 0.16% less from 157.87 million shares in 2017Q2 were reported. Wells Fargo And Mn stated it has 1.87 million shares or 0.06% of all its holdings. Ashfield Prtnrs Limited Company invested 0.43% in Red Hat, Inc. (NYSE:RHT). Baker Avenue Asset Mngmt Limited Partnership reported 19,383 shares. Lmr Prtn Limited Liability Partnership accumulated 5,086 shares. Needham Inv Management Limited Com holds 23,000 shares. Asset Mngmt reported 0.09% in Red Hat, Inc. (NYSE:RHT). Bremer Trust National Association invested in 0.11% or 3,711 shares. 134,582 were accumulated by Axa. Sumitomo Life Ins Com invested in 0.2% or 14,164 shares. Moreover, Arcadia Investment Corporation Mi has 0.03% invested in Red Hat, Inc. (NYSE:RHT) for 1,000 shares. D E Shaw And Inc stated it has 0.06% in Red Hat, Inc. (NYSE:RHT). 167 were reported by Greenleaf Trust. Sun Life Financial invested 0.01% of its portfolio in Red Hat, Inc. (NYSE:RHT). 121,069 are owned by Neuberger Berman Grp Incorporated Limited Liability Company. Dimensional Fund Advisors Ltd Partnership owns 426,663 shares.

Red Hat, Inc. provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, mobile, and storage technologies to various enterprises worldwide. The company has market cap of $25.95 billion. It offers infrastructure-related solutions, such as Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in hybrid cloud environments; Red Hat Satellite, a system management offering that helps to deploy, scale, and manage in hybrid cloud environments; and Red Hat Enterprise Virtualization, a software solution that allows clients to utilize and manage a common hardware infrastructure to run multiple operating systems and applications. It has a 79.21 P/E ratio. The firm offers application development-related and other technology solutions, such as Red Hat JBoss Middleware, a solution for developing, deploying, and managing applications; integrating applications, data, and devices; and automating business processes in hybrid cloud environments; Red Hat cloud offerings, a software solution that enables clients to build and manage various cloud computing environments; Red Hat Mobile, a software development platform that enables clients to develop, integrate, deploy, and manage mobile applications for enterprises; and Red Hat Storage, a software solution that enables clients to manage large, unstructured, or semi-structured data in hybrid cloud environments.