The Best And Worst Technology Company Stocks In The Third Quarter Of 2017

Red Hat

CEO: James Whitehurst

June 30, 2017: $95.75

Sept. 29, 2017: $110.86

Change: +15.78%

On July 31 open-source software developer Red Hat acquired the assets and technology of Permabit Technology, a developer of software for data deduplication, compression and thin provisioning. Red Hat is adding the technology to its enterprise Linux platform.

In September Red Hat reported that in its fiscal 2018 second quarter (ended Aug. 31) revenue reached $723.4 million, up 20.6 percent from $599.8 million in the same quarter one year earlier. Net income for the quarter was $96.9 million, up nearly 65 percent from $58.8 million one year before.

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