Seeking Alpha

Rackspace (RAX -12.7%) remains off sharply after missing Q1 EPS forecasts (hurt by hiring) and...

Rackspace (RAX -12.7%) remains off sharply after missing Q1 EPS forecasts (hurt by hiring) and reporting a slowdown in customer growth. During its earnings call, Rackspace blamed the slowdown on "downgrades" from enterprises only looking for short-term capacity. Benchmark (Buy) expects the launch of Rackspace's OpenStack cloud infrastructure services in Q3 to boost growth. But Canaccord (Hold) thinks "asset-intensive" data center owners such as EQIX are better plays.
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