|Day's Range||88.18 - 89.00|
|52 Week Range||68.54 - 90.01|
|PE Ratio (TTM)||63.97|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Raleigh-based open-source giant Red Hat (RHT) has signed a stock purchase agreement to acquire San Francisco cloud software developer Codenvy. Harry Mower, head of Red Hat's developer division, says the relationship between the companies has been building over the past year. Both worked on the same upstream project: Eclipse Che, an open-source cloud integrated development environment.
The next major Red Hat Enterprise Linux update is on its way.
Jim Cramer says it's more than just the cloud. There are some astounding moves in the broader tech sector, too.