Has Red Hat Become Too Cheap to Ignore?
While many think things in Europe, financial services and government spending are horrible right now, Red Hat CEO Jim Whitehurst told Cramer that business is booming in each of those areas for the software company.
Red Hat recently reported what the “Mad Money” host calls a “spectacular” quarter, and Tuesday the company announced the acquisition of a company called Gluster, which provides open-source storage solutions for managing unstructured data.
So, given that tech socks tend to bottom like clockwork at this time of year, has Red Hat become too cheap to ignore?
To see Cramer’s full interview with CEO Jim Whitehurst—watch the video!
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