Jim Cramer, a co-founder of TheStreet.com and host of “Mad Money” on CNBC, went one-on-one with Red Hat Chief Executive Officer Jim Whitehurst on Tuesday night. He calls Red Hat a “disruptive stock.”
“When it comes to tech,” Cramer said, “value destruction is far more important than value creation.”
In his own portfolio, Cramer lists Red Hat as a “Mad Money Stock Pick.”
Red Hat is trading near its new 52-week high of $41.74 Wednesday, that new high-water mark coming after Red Hat’s and an increase in financial guidance for the current quarter.
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