NEW YORK (TheStreet) -- Investors in Red Hat (RHT) can pat themselves on the back for having one of the best-performing stocks in 2014. At $70, shares are up 25% for the year to date, the highest level in 14 years.
Deciding on which software stock was the year's top performer was not easy. Based on stock returns alone it could have gone to a number of companies including Oracle (ORCL) (up 20%), Microsoft (MSFT) (up 27%) and Adobe (ADBE) (up 24%).
But will Red Hat's top performance continue into 2015? Oracle may have a say in that.RHT data by YCharts
Red Hat had a remarkable year. The enterprise and cloud services giant and the world's largest provider of open source solutions just reported its eleventh consecutive quarter of mid-to-high teens revenue growth. That's not an easy thing to do considering how tight corporations have been with their spending in 2014.
For some context, Red Hat's chief rivals VMware (VMW) and Citrix (CTXS) , which compete for the same corporate dollars, saw their respective share prices decline 6.04% and gain 9.6%, respectively. This occurred is in a market where both the Dow Jones Industrial Average (up 8.9%) and the S&P 500 (up 13.2%) are poised to end the year at near all-time highs.