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Business Wire (May 9, 2013)
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Business Wire (May 8, 2013)
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Business Wire (May 1, 2013)
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Business Wire (Apr 29, 2013)
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Business Wire (Apr 23, 2013)
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Bear Of The Day: RackspaceZacks Investment Research • Tue, Apr 23
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Business Wire (Apr 23, 2013)
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Business Wire (Apr 16, 2013)
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Business Wire (Apr 15, 2013)
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Business Wire (Apr 9, 2013)
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Bear Of The Day: RackspaceZacks Investment Research • Tue, Apr 23
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Rackspace: A Beneficiary Of The Growth In Cloud ComputingQineqt • Mon, Oct 1, 2012 -
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Rackspace Finally Launches The Open Source CloudDana Blankenhorn • Wed, Aug 1, 2012
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Rackspace Hosting, Inc. Q4 2009 Earnings Call TranscriptWed, Feb 17, 2010
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Rackspace Hosting, Inc. Q2 2008 Earnings Call TranscriptWed, Sep 10, 2008 • 3 Comments
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at MarketWatch.com (May 9, 2013)
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Business Wire (May 9, 2013)
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at MarketWatch.com (May 8, 2013)
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at CNBC.com (May 8, 2013)
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Business Wire (May 8, 2013)
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Business Wire (May 1, 2013)
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Business Wire (Apr 29, 2013)
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Business Wire (Apr 23, 2013)
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Business Wire (Apr 23, 2013)
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Business Wire (Apr 16, 2013)
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Business Wire (Apr 15, 2013)
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Business Wire (Apr 9, 2013)
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Business Wire (Apr 8, 2013)
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Business Wire (Mar 13, 2013)
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Business Wire (Mar 6, 2013)
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Business Wire (Feb 27, 2013)
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Business Wire (Feb 22, 2013)
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Business Wire (Feb 13, 2013)
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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
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- | Earnings
- | Dividends
- | M&A
- | On the move
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Thursday, May 9, 12:46 PM
Midday top 10 gainers: TRMD +94%. OPTT +42%. VRML +32%. AFFY +28%. TSLA +27%. XOMA +26%. GMCR +25%. CTRP +24%. OWW +23%. CHYR +19%.
Midday top 10 losers: LPSN -34%. PZZI -33%. RAX -26%. KEM -25%. NSYS -23%. MNOV -22%. WG -20%. GV -18%. ORBT -16%. OFIX -16%. Comment! [On the Move] - Thursday, May 9, 12:45 PM Four downgrades are levied on Rackspace (RAX -26.3%) following yesterday's Q1 revenue miss, accompanied by worrying business metrics. Slowing growth and a slumping EBITDA margin (due to price cuts) are problems that will get worse as Microsoft and Google ramp their cloud offerings, argues CLSA, which has cut shares to Sell. The firm adds checks indicate "mid-tier to large firms" are increasingly migrating from hosting to cloud services, and expects OpenStack to be immaterial to RAX's bottom line for the next 1-2 years. Stephens, making a contrarian upgrade to Overweight, thinks "new contract wins are on the horizon," as Rackspace targets enterprises. EQIX -2.2%. COR -4.2%. INXN -3.3%. VMW -2.5%. (transcript) 1 Comment [Tech, Earnings, On the Move]
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Thursday, May 9, 9:10 AM
Premarket gainers: BKS +29%. TSLA +24%. CTRP +17%. GMCR +15%. GRPN +15%. XOMA +12%. TC +12%. OWW +7%. AFFY +7%. WAC +7%.
Losers: LPSN -22%. RAX -21%. PZZI -17%. GV -11%. MNST -10%. SSNC -7%. HEK -7%. 2 Comments [On the Move] -
Wednesday, May 8, 5:53 PM
After-hours top gainers, as of 5:30 p.m.: TSLA +17%. GMCR +12%. GRPN +10%. EOX +6%. EXAM +6%.
After-hours top losers: RAX -17%. OME -14%. LPSN -13%. MNST -12%. OFIX -9%. Comment! [On the Move] - Wednesday, May 8, 5:16 PM Rackspace (RAX) now -15.8% AH following its Q1 revenue miss. Server count rose 4% Q/Q to 95.1K, but average revenue/server fell $2 to $1,308 after steadily rising in 2012. Also, the net upgrade rate fell to 0.9% from Q4's 1.2% and Q3's 1.6%, and installed base growth fell to just 0.1% from Q4's 0.5% and Q3's 0.8%. Dedicated cloud (hosting) revenue +15% Y/Y (+18% in Q4) to $271.3M and still 75% of total. Public cloud (OpenStack) +40% (+49% in Q4) to $90.9M - investors might be looking for faster growth, given Amazon and Microsoft's growth rates. Capex was $125.4M (35% of revenue), +43% Q/Q and +52% Y/Y. (PR) 1 Comment [Tech, Earnings, On the Move]
- Wednesday, May 8, 4:06 PM Rackspace (RAX): Q1 EPS of $0.20 in-line. Revenue of $362.2M (+20% Y/Y) misses by $5M. Adjusted free cash flow of -$1M. Shares -3.8% AH. CC at 4:30PM ET (webcast). (PR) Comment! [Tech, Earnings, On the Move, Breaking News]
- Wednesday, May 8, 12:10 AM Notable earnings after Wednesday’s close: AHT, ALJ, ATLS, ATVI, AVNR, CF, CLNE, CLR, CTL, CTRP, CUZ, CXW, DEPO, DK, ERII, ETE, ETP, GMCR, GRPN, GSS, HALO, HEK, HNSN, JOE, LPSN, MBLX, MDR, MED, MIDD, MM, MNST, MNTX, MWE, NWSA, OSUR, PPO, PVA, QTM, RAX, RGP, RIG, RST, SGMO, SPRD, SSRI, STEC, SXL, SZYM, TCAP, TSLA, WR, XTEX Comment! [Earnings]
- Tuesday, May 7, 5:35 PM Notable earnings after Wednesday’s close: AHT, ALJ, ATLS, ATVI, AVNR, CF, CLNE, CLR, CTL, CTRP, CUZ, CXW, DEPO, DK, ERII, ETE, ETP, GMCR, GRPN, GSS, HALO, HEK, HNSN, JOE, LPSN, MBLX, MDR, MED, MIDD, MM, MNST, MNTX, MWE, NWSA, OSUR, PPO, PVA, QTM, RAX, RGP, RIG, RST, SGMO, SPRD, SSRI, STEC, SXL, SZYM, TCAP, TSLA, WR, XTEX Comment! [Earnings]
- Thursday, May 2, 12:54 PM Rackspace (RAX +3.1%) catches a bid on fresh speculation IBM is considering a bid for the company - a former IBM exec told GigaOm last month the IT giant has eyed both Rackspace and rival SoftLayer as M&A targets. Rackspace's Q1 report arrives on May 8; 12.3% of the float was shorted as of April 15. (also) Comment! [Tech, On the Move, M&A]
- Tuesday, April 16, 10:48 AM The cloud infrastructure price wars seem to have no end in sight: Microsoft (MSFT) responds to Amazon's (AMZN) neverending AWS price cuts - in last week's shareholder letter, Jeff Bezos bragged of cutting prices 27 times over the last 7 years - by promising its Azure service will match AWS cut for cut. Rackspace (RAX - previous) can't be too happy about that. The promise comes as Microsoft overhauls Azure to give clients a way to easily migrate Windows Server/Linux workloads to its public cloud with the help of virtualization software. (last fall: I, II) (Google) 3 Comments [Tech]
- Monday, April 15, 1:38 PM With cloud infrastructure competition as intense as ever, Rackspace (RAX -2%) is hoping telcos will prove a growth opportunity: the company is offering to "build and run interoperable public clouds" based on the OpenStack platform for service providers. Rackspace is betting telcos, many of whom have begun offering cloud services, will give it a cut in exchange for its technology and expertise, and the ability to leverage the resources and reach of program partners. It's an interesting value proposition, though Rackspace isn't alone in courting telcos. Last week, Rackspace rolled out a back-end solution aimed at mobile developers. Comment! [Tech]
- Wednesday, April 3, 5:34 PM One can safely add Amazon Web Services (AMZN) price cuts to life's short list of certainties. A few months after cutting storage prices for its popular S3 storage service by 24%-27%, AWS has cut S3 data retrieval prices by up to 60%. AWS has also been busy slashing prices for its EC2 computing service, DynamoDB database service, and much else, as it tries to maintain a pricing edge relative to Rackspace (RAX), Microsoft, Google, and others. Rackspace introduced cloud storage volume discounts last month. 6 Comments [Tech, Consumer]
- Tuesday, April 2, 10:17 AM A downgrade to Sector Perform from Wells Fargo leads Rackspace (RAX -3%) to fall below $48. "While we continue to believe that RAX is a great company ... we think the company is in a transition period which could limit stock appreciation ... for the next 6-12 months," writes analyst Gray Powell. He's worried about Rackspace's price cuts, and the cannibalizing effect cloud infrastructure services could have on hosting services growth. CLSA started coverage with an Underperform last week, and Pac Crest cut shares to Sector Perform the week before. Comment! [Tech, On the Move]
- Wednesday, March 27, 9:56 AM Rackspace (RAX -3.4%) falls towards $50 after CLSA starts coverage with an Underperform and $52 PT. Pac Crest downgraded Rackspace to Sector Perform last week. Shares -32% YTD. Comment! [Tech, On the Move]
- Monday, March 25, 11:23 AM eBay (EBAY) is reportedly providing a big vote of confidence for the OpenStack cloud infrastructure platform: an OpenStack Foundation board member tells BI PayPal and eBay plan to remove VMware's (VMW -2%) software from 80K servers in favor of OpenStack-based solutions. The fact OpenStack can lower license fees thanks to its use of open-source software could be a motivating factor. VMware has been aggressively promoting its vCloud Suite as an alternative to OpenStack, Amazon Web Services, and Microsoft's Azure. 2 Comments [Tech]
- 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]
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The Wall Street Transcript
Rackspace Hosting ( $RAX ) Faces Increased Competition and Growth Uncertainty- http://su.pr/1zMLrh - View all 0 replies
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Speeddymon: Remember though that Y/Y revenues are up. Shares are down because earnings missed the estimates. Its a better buy today now that prices fell
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Tony Kau
$TDC should follow $RAX - looks exhausted here, looking for rebound http://ow.ly/klFG2 http://ow.ly/i/1XgG1 - View all 0 replies
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LATEST REPLIES
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Speeddymon: Remember though that Y/Y revenues are up. Shares are down because earnings missed the estimates. Its a better buy today now that prices fell
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cheznazi: Yup, I gathered that but did not expect such a severe whipping. I hope people put a stop loss on this one! :)
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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.
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Closet Iguana: I'm not bitter about AMD it's the stock promoters that annoy me.
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Erick McKitterick: No I left the THC long back on Nov 7th. I both tweeted the trade and put it on SA.
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Erick McKitterick: Paid services are available such as LiveVol Pro or Bloomberg Trade station. I use LiveVolPro it's 250.00 a month.
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Maria Auziliadora: I am glad I down own this one thought about it though way overpriced and missed earnings TIBX better choice
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Bret Kenwell: Indeed, I learned quick if I'm going short, either cut the losses quick, or take gain early. Up until recently the market hasn't rewarded -
Bret Kenwell: the bears much, and if it did, it was only a moment. right now my only long is MSFT. looking to establish long in AAPL short in CRM though.
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Boatyzaffa: Oz, I don;t consider myself a buy and hold guy, but the price action last thursday caught my attention as RAX on a 40% increase in daily...
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