Quote & Headlines
Market Currents
StockTalk
Today
5d
1m
3m
1y
5y
10y
52wk high:
52wk low:
EPS:
PE:
Div Rate:
Yield:
Market Cap:
Volume:
3,420 people get RAX articles and Market Currents by email alert.
Get email alerts on RAX »
HEADLINES:
ALL
|
PRO
|
FOCUS
|
RELATED
|
TRANSCRIPTS
|
NEWS & PR
-
-
-
-
-
-
Business Wire (May 9, 2013)
-
Business Wire (May 8, 2013)
-
Business Wire (May 1, 2013)
-
Business Wire (Apr 29, 2013)
-
-
Business Wire (Apr 23, 2013)
-
Bear Of The Day: RackspaceZacks Investment Research • Tue, Apr 23
-
Business Wire (Apr 23, 2013)
-
-
Business Wire (Apr 16, 2013)
-
Business Wire (Apr 15, 2013)
-
Business Wire (Apr 9, 2013)
To learn more about Seeking Alpha Pro, click here.
-
-
-
-
Bear Of The Day: RackspaceZacks Investment Research • Tue, Apr 23
-
-
-
-
-
-
-
-
-
Rackspace: A Beneficiary Of The Growth In Cloud ComputingQineqt • Mon, Oct 1, 2012 -
-
-
-
-
Rackspace Finally Launches The Open Source CloudDana Blankenhorn • Wed, Aug 1, 2012
-
-
-
Rackspace Hosting, Inc. Q4 2009 Earnings Call TranscriptWed, Feb 17, 2010
-
Rackspace Hosting, Inc. Q2 2008 Earnings Call TranscriptWed, Sep 10, 2008 • 3 Comments
-
at MarketWatch.com (May 9, 2013)
-
Business Wire (May 9, 2013)
-
at MarketWatch.com (May 8, 2013)
-
at CNBC.com (May 8, 2013)
-
Business Wire (May 8, 2013)
-
Business Wire (May 1, 2013)
-
Business Wire (Apr 29, 2013)
-
Business Wire (Apr 23, 2013)
-
Business Wire (Apr 23, 2013)
-
Business Wire (Apr 16, 2013)
-
Business Wire (Apr 15, 2013)
-
Business Wire (Apr 9, 2013)
-
Business Wire (Apr 8, 2013)
-
Business Wire (Mar 13, 2013)
-
Business Wire (Mar 6, 2013)
-
Business Wire (Feb 27, 2013)
-
Business Wire (Feb 22, 2013)
-
Business Wire (Feb 13, 2013)
-
at CNBC.com (Feb 13, 2013)
RAX vs. ETF Alternatives
Company Description
Rackspace Hosting, Inc. was incorporated in Delaware on March 7, 2000 under the name Rackspace.com, Inc. However, our operations began in 1998 as a limited partnership, which became our subsidiary through a corporate reorganization completed on August 21, 2001. The company’s name was changed to... More
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Friday, March 22, 1:38 PM More on Pac Crest's downgrade of Rackspace (RAX -1.1%): Analyst Michael Bowen gives shares a "fair value estimate" of $45, and thinks enterprise OpenStack cloud infrastructure clients "will demand price concessions for larger or longer commitments and compress margins." He also makes note of Rackspace's embrace of tiered pricing for OpenStack services, an element of its recent price cuts. 1 Comment [Tech]
- Friday, March 22, 9:33 AM Pac Crest cuts Rackspace (RAX -1.1%) to Sector Perform, sending shares back towards $50. The firm upgraded Rackspace last August, following a strong Q2 report. FBN launched Rackspace at Sector Perform two days ago. Comment! [Tech]
- Wednesday, March 20, 12:34 PM FBN launches coverage on a slew of enterprise/cloud software and Web hosting/CDN service plays. Akamai (AKAM +1.9%), Equinix (EQIX +0.6%), VMware (VMW +1.3%), Citrix (CTXS +1.3%), Salesforce (CRM +0.7%), and NetSuite (N +1.7%) have been started at Outperform, while Rackspace (RAX +2.6%), Workday (WDAY), and Concur (CNQR -1.3%) have been started at Sector Perform. Comment! [Tech]
- Friday, March 15, 6:37 PM IBM has recently eyed both Rackspace (RAX) and SoftLayer as buyout targets, a former IBM exec tells GigaOm. Meanwhile, EMC is said to be uninterested in SoftLayer - Reuters reported yesterday both EMC and IBM have been in talks to buy the company. Rackspace (unlike SoftLayer) is a major backer of the OpenStack cloud infrastructure platform, which IBM just threw its weight behind. The former exec notes IBM's historical preference to flesh out its product lines via M&A. "IBM does not want to fund its own development because past history shows we’re not very good at it." Comment! [Tech, M&A]
- Friday, March 15, 10:27 AM After opening nearly unchanged, Rackspace (RAX -3.7%) is selling off in the wake of a report IBM and EMC (among others) are eying rival SoftLayer Technologies. Wells Fargo is arguing SoftLayer competes more with Amazon than Rackspace, and that investors should take the news in stride. But others on the Street are a little more concerned. Comment! [Tech, On the Move]
- Thursday, March 14, 5:42 PM IBM and EMC are among the companies in the running to buy Web hosting/cloud infrastructure provider SoftLayer Technologies in a deal that could sport a $2B+ price tag, Reuters reports. SoftLayer, locked in fierce competition with Rackspace (RAX) and Amazon, differentiates itself in part by offering hybrid solutions that feature both dedicated and virtual servers. The report comes as IBM targets $7B in 2015 cloud revenue, and EMC subsidiary VMware (VMW) launches a new cloud infrastructure service. Comment! [Tech, M&A]
- Wednesday, March 6, 1:51 PM Rackspace (RAX) tries to grow its enterprise cloud mindshare by launching OpenCenter, an interface/API for managing and automating private clouds. Rackspace undoubtedly hopes OpenCenter-run private clouds will be deployed in tandem with public clouds running on Rackspace's gear. The announcement comes shortly after the company mentioned at a Deutsche conference (transcript) it's intent on servicing "mission-critical" enterprise workloads over time, and sees a big opportunity in providing support for private cloud deployments. Comment! [Tech]
- Tuesday, March 5, 6:28 PM Still looking to produce $7B in cloud-related sales in 2015, IBM is fully embracing the OpenStack cloud infrastructure platform: Big Blue says it will dedicate 500 developers to OpenStack projects, and says the platform will serve as the foundation of its SmartCloud management platform for private and public clouds. Naturally, IBM wants to package SmartCloud with its servers and storage. Rackspace (RAX), Red Hat, H-P, and many others are already backing OpenStack in an effort to provide an open-source alternative to Amazon, VMware, and Micorosoft. Comment! [Tech]
- Wednesday, February 27, 11:08 AM Rackspace (RAX -0.2%) expands its cloud database offerings by acquiring ObjectRocket, a provider of hosted unstructured databases relying on the increasingly popular NoSQL structure. Rackspace already supports a variety of structured database platforms; NoSQL, often used in big data projects, can provide better scalability and support for unconventional data formats, at the expense of consistency. Terms aren't disclosed. Comment! [Tech, M&A]
- Friday, February 22, 1:20 PM A 33% bandwidth price cut from Rackspace (RAX -2.1%) for cloud infrastructure and CDN services is hurting CDN leader Akamai (AKAM -2.1%) and data center colocation/interconnection firms Equinix (EQIX -1.1%) and InterXion (INXN -2.2%). Rackspace's cuts, which also include volume discounts for storage, are eye-opening in light of past remarks about competing against Amazon (AMZN -0.5%) and other cloud rivals in ways other than price. Rackspace's move follows major cuts (I, II) from Amazon, Microsoft, and Google, and a Q4 miss that featured slowing server growth. (Barron's) Comment! [Tech]
-
Friday, February 22, 9:10 AM
Premarket gainers: WBMD +19%. ARUN +14%. FIRE +13%. JOEZ +11%. CYBX +8%. MRVL +5%. GLUU +5%. HPQ +5%.
Losers: ETRM -17%. RAX -6%. FRO -6%. Comment! [On the Move] - Friday, February 22, 8:13 AM Price wars. Rackspace (RAX) slashes cloud pricing by 33% and announces tiered pricing for its open cloud product portfolio. Shares +0.3% premarket, off 25% YTD. (PR) Update at 8:50: The news is now taking hold, shares -6%. 2 Comments [Tech, Breaking News]
- Sunday, February 17, 7:04 PM Rackspace (RAX) and Equinix (EQIX) could fall on Tuesday thanks to a critical Barron's column. The paper notes RAX and EQIX respectively trade at 58x and 62x 2013E EPS, and suspects this is justified by hopes of giant dividends after the firms convert into REITs (EQIX plans to do this by Jan. '15). However, each company's cash flow is largely eaten up by capex (partly to address booming data center demand), thus billions in debt might be needed to finance post-REIT dividends. Also criticized are peers DLR and DFT, which are already REITs. (RAX's Q4: I, II, III) 1 Comment [Tech, Quick Ideas]
-
Wednesday, February 13, 12:45 PM
Midday top 10 gainers: RSOL +76%. RCON +27%. TRLA +25%. PRLB +24%. RPXC +22%. PRO +18%. ICAD +17%. PES +13%. AMRI +12%. VG +11%.
Midday top 10 losers: LTRE -21%. EZCH -21%. RATE -19%. RAX -18%. CLF -18%. MPG -17%. FBN -17%. NAII -16%. ATOS -14%. ZN -13%. Comment! [On the Move] - Wednesday, February 13, 12:13 PM Rackspace (RAX -17.3%) is crashing thanks to a Q4 miss caused by slowing server growth and a declining upgrade rate. On the earnings call, management stated execution and macro issues caused the upgrade rate drop, but the transition to cloud services from traditional hosting has also been mentioned as a reason for slowing growth. Rackspace expects 2013 capex of $375M-$445M, up from 2012's $338M. Staples has been added as an OpenStack cloud customer, and management boasts of a major lead on IT giants supporting the platform. Comment! [Tech, Earnings, On the Move]
-
Wednesday, February 13, 9:10 AM
Premarket gainers: RCON +56%. PPHM +17%. EZCH +11%. WFR +9%. CMCSA +8%. GRPN +8%. VG +5%.
Losers: RATE -18%. CLF -14%. RAX -12%. AVEO -11%. AMX -6%. DF -6%. NICE -5%. Comment! [On the Move]
-
StockConsultant
$RAX very oversold and holding above recent support, bullish charts analysis http://goo.gl/T6Uvp - View all 0 replies
-
- View all 0 replies
-
Tony Kau
$RAX explosive reversal off Friday exhaustion signal - nice to see http://ow.ly/i/1I00X http://ow.ly/jaaej - View all 0 replies
-
Tony Kau
$RAX looked oversold, now climbing intraday on strong volume http://ow.ly/i/1H3K0 http://ow.ly/iZQ1w - View all 0 replies
-
Ryan Mallory
Morning Coffee, Day Trading Watchlist: $MW $AVP $RAX | SharePlanner http://bit.ly/150VDnT - View all 0 replies
-
Ryan Mallory
Morning Coffee, Day Trading Watchlist: $GPS $DECK $RAX | by @wallstreetnole http://bit.ly/YObINW - View all 0 replies
-
The Wall Street Transcript
Rackspace Hosting ($RAX) Expected to Sustain 20% Growth Levels in 2013 in Data Storage- http://su.pr/1GbhYL - View all 0 replies
-
- View all 0 replies
-
- View all 3 replies
-
cheznazi: Yup, I gathered that but did not expect such a severe whipping. I hope people put a stop loss on this one! :)
-
-
- View all 8 replies
-
Closet Iguana: The only reason I can see it going higher is the earnings estimates are too low. -0.17? Come on! Last yr it was -0.12 and last Q was -0.14.
-
Closet Iguana: I'm not bitter about AMD it's the stock promoters that annoy me.
LATEST REPLIES