Popular Posts
-
Special Halloween Promo from SEMJar: Reliable and Affordable PBN Hosting. Available on October 28-31SEMJar, a SEO company renowned for its affordable services, invites every business owner to celebrate Halloween by getting reliable PBN ...
-
CHICAGO, June 20, 2016 /PRNewswire/ -- Paper Source, a Chicago-based specialty retailer and web store, will be hosting a warehouse sale o...
-
This Web Hosting Service market research is an intelligence report with meticulous efforts undertaken to study the right and valuable in...
-
2017-08-22 Sports News of Tue, 22 Aug 20170 Tamale ready to host 2017 MTN FA Cup final - RFA Chairman File photo Mr. Abdoula...
-
wedmfm.com is a wordpress.ORG software install on paid hosting, hosted by Bluehost, not by wordpress.COM. Contact your web host. You are...
-
After more than 20 years as one of the foremost neo-Nazi and white supremacist websites in the U.S., it appears as if Sto...
-
Tweet Rackspace Hosting, Inc. (NYSE:RAX) – Analysts at Oppenheimer cut their Q3 2016 earnings per share ...
-
On a web slinging episode of Odin Makes, host Odin Abbott demonstrates how to make Spider-Man's web shooters based off of the desi...
-
SANTA FE, NM --(Marketwired - March 26, 2016) - CrowdReviews.com, a provider of web hosting reviews and ratings, has released a statement...
-
WebSite X5 – Evolution is a powerful application which makes it easy to create top-quality responsive websites, even if you've no desi...
Blog Archive
- December (19)
- November (25)
- October (28)
- September (26)
- August (28)
- July (31)
- June (26)
- May (27)
- April (28)
- March (30)
- February (28)
- January (31)
- December (31)
- November (30)
- October (31)
- September (29)
- August (44)
- July (56)
- June (53)
- May (54)
- April (48)
- March (55)
- February (44)
- January (3)
- December (5)
- November (5)
- October (26)
- September (25)
- August (29)
- July (26)
- June (18)
- September (1)
About Me
Total Pageviews
Rackspace Hosting, Inc. (RAX) Issues Earnings Results, Beats Expectations By $0.11 EPS
Rackspace Hosting, Inc. (NYSE:RAX) issued its quarterly earnings data on Monday. The hosting company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.23 by $0.11, Market Beat.com reports. The company had revenue of $518 million for the quarter, compared to the consensus estimate of $519.08 million.
Shares of Rackspace Hosting (NYSE:RAX) traded up 1.12% during midday trading on Monday, reaching $22.54. The company's stock had a trading volume of 3,071,904 shares. The stock has a market capitalization of $2.95 billion and a price-to-earnings ratio of 25.04. The company has a 50 day moving average of $22.82 and a 200-day moving average of $23.33. Rackspace Hosting has a 52 week low of $15.05 and a 52 week high of $54.07.
Several equities research analysts have weighed in on the company. Vetr cut Rackspace Hosting from a "strong-buy" rating to a "buy" rating and set a $22.01 price objective on the stock. in a research note on Thursday, February 18th. Goldman Sachs reduced their price objective on Rackspace Hosting from $24.00 to $21.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 17th. Stifel Nicolaus lowered Rackspace Hosting from a "buy" rating to a "hold" rating in a research report on Wednesday, February 17th. Zacks Investment Research upgraded Rackspace Hosting from a "sell" rating to a "hold" rating in a research report on Sunday, February 7th. Finally, JPMorgan Chase & Co. dropped their target price on Rackspace Hosting from $34.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, February 17th. Two equities research analysts have rated the stock with a sell rating, twelve have give n a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company's stock. The company currently has an average rating of "Buy" and a consensus price target of $33.48.
Rackspace Hosting, Inc (NYSE:RAX) operates in the managed cloud segment of the business information technology (IT) market. The Company offers a portfolio of integrated IT solutions for common business needs, including for e-commerce, Web content management, Website hosting, data services, office mail and collaboration, and private clouds.
Receive News & Ratings for Rackspace Hosting Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rackspace Hosting Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
Source: Rackspace Hosting, Inc. (RAX) Issues Earnings Results, Beats Expectations By $0.11 EPS
0 comments:
Post a Comment