Is Red Hat Ready to Rebound?
Linux provider Red Hat has taken a beating of late, as investors sold their shares following a sizable run in the stock. But with the stock up 2 percent on Monday, can investors assume the declines are finished?
Sure, businesses are again spending on information technology, and Red Hat itself has smartly moved into new markets, not the least of which is cloud computing. But any sane investor has to wonder if there’s still room left for this stock to run.
To find out, Cramer invited CEO Jim Whitehearst to “Mad Money.” Watch the video for the full interview.
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