Rackspace Hosting, Inc. (RAX) Set to Announce Quarterly Earnings on Monday
Rackspace Hosting (NYSE:RAX) last released its quarterly earnings data on Tuesday, February 16th. The hosting company reported $0.24 EPS for the quarter, beating the Zacks' consensus estimate of $0.23 by $0.01. The business earned $522.80 million during the quarter, compared to analyst estimates of $521.53 million. During the same quarter in the previous year, the company posted $0.26 EPS. The firm's revenue was up 10.7% on a year-over-year basis. On average, analysts expect Rackspace Hosting to post $0.96 EPS for the current fiscal year and $1.17 EPS for the next fiscal year.
Shares of Rackspace Hosting, Inc. (NYSE:RAX) opened at 22.59 on Thursday. Rackspace Hosting, Inc. has a 12-month low of $15.05 and a 12-month high of $54.34. The firm has a market cap of $2.96 billion and a P/E ratio of 25.10. The firm has a 50-day moving average of $22.73 and a 200-day moving average of $23.37.
A number of research firms have recently commented on RAX. RBC Capital reissued a "buy" rating on shares of Rackspace Hosting in a research report on Saturday, January 16th. Bank of America reissued a "buy" rating on shares of Rackspace Hosting in a research report on Sunday, March 27th. Zacks Investment Research reissued a "hold" rating on shares of Rackspace Hosting in a research report on Monday, February 1st. FBN Securities raised shares of Rackspace Hosting from an "underperform" rating to a "sector perform" rating and dropped their target price for the stock from $30.00 to $21.00 in a research report on Wednesday, February 17th. Finally, Credit Suisse lowered shares of Rackspace Hosting from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $50.00 to $22.00 in a research report on Wednesday, February 17th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. The company has a consensus 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.
This story was originally published by Daily Mail Times (http://www.dailymailtimes.com) and is the sole property of Daily Mail Times. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://www.dailymailtimes.com/rackspace-hosting-inc-rax-set-to-announce-quarterly-earnings-on-monday/23735/
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) Set to Announce Quarterly Earnings on Monday
0 comments:
Post a Comment