The Best (And Worst) Third-Quarter Technology Vendor Stocks

Red Hat

CEO: James Whitehurst

June 28, 2013: $47.82
Sept. 30, 2013 $46.14
Change: -3.5%

While Red Hat is best known for its distribution of Linux, in the third calendar quarter the company continued its expansion into new areas such as virtualization and storage management. And the company's competition with virtualization technology giant VMware heated up when Red Hat hired away VMware executive Scott Musson to manage strategic relationships.

On Sept. 23 Red Hat announced that sales in its second fiscal quarter ended Aug. 31 increased 16 percent to $374 million.


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