Research Analysts’ Weekly Ratings Changes for Rackspace Hosting (RAX)
Several analysts have recently updated their ratings and price targets for Rackspace Hosting (NYSE: RAX):
Rackspace Hosting, Inc. (NYSE:RAX) opened at 17.63 on Tuesday. The firm's 50-day moving average is $20.72 and its 200 day moving average is $26.51. Rackspace Hosting, Inc. has a 12 month low of $16.38 and a 12 month high of $56.20. The firm has a market capitalization of $2.37 billion and a P/E ratio of 19.16.
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.
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Source: Research Analysts' Weekly Ratings Changes for Rackspace Hosting (RAX)
Rackspace Hosting, Inc. (NYSE:RAX) Given Consensus Recommendation of “Buy†by Brokerages
A number of brokerages have weighed in on RAX. Zacks Investment Research cut Rackspace Hosting from a "hold" rating to a "sell" rating in a research note on Sunday, January 24th. RBC Capital reduced their price objective on Rackspace Hosting from $36.00 to $31.00 and set an "outperform" rating for the company in a research note on Friday, January 15th. Goldman Sachs reduced their price objective on Rackspace Hosting from $27.00 to $24.00 in a research note on Monday, February 1st. Bank of America upgraded Rackspace Hosting from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $47.00 to $38.00 in a research note on Monday, November 2nd. Finally, Needham & Company LLC restated a "hold" rating on shares of Rackspace Hosting in a research note on Tuesday, November 10th.
Rackspace Hosting (NYSE:RAX) traded up 5.19% on Monday, hitting $17.63. 1,448,684 shares of the stock were exchanged. Rackspace Hosting has a 52-week low of $16.38 and a 52-week high of $56.20. The stock's 50 day moving average price is $20.72 and its 200 day moving average price is $26.51. The firm has a market cap of $2.37 billion and a PE ratio of 19.16.
Other institutional investors have added to or reduced their stakes in the company. Fox Run Management acquired a new position in Rackspace Hosting during the fourth quarter valued at $375,000. Nordea Investment Management AB increased its position in Rackspace Hosting by 3,799.7% in the fourth quarter. Nordea Investment Management AB now owns 123,700 shares of the hosting company's stock valued at $3,132,000 after buying an additional 120,528 shares during the period. LGT Capital Partners acquired a new position in Rackspace Hosting during the fourth quarter valued at $9,879,000. Janus Capital Management increased its position in Rackspace Hosting by 1.6% in the third quarter. Janus Capital Management now owns 825,700 shares of the hosting company's stock valued at $20,378,000 after buying an additional 12,732 shares during the period. Finally, Acadian Asset Management increased its position in Rackspace Hosting by 3,208,917.7% in the fourth quarter. Acadian Asset Management now owns 1,989,591 shares of the hosting company's stock valued at $50,375,000 after buying an additional 1,989,529 shares during the period.
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.
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Source: Rackspace Hosting, Inc. (NYSE:RAX) Given Consensus Recommendation of "Buy" by Brokerages
Go4Hosting Gains Traction with its 1+1 VPS Hosting Offer
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Rackspace Hosting, Inc. (RAX) Upgraded at Zacks Investment Research
According to Zacks, "As the world's leader and specialist in hosting, Rackspace Hosting is changing the way businesses worldwide buy IT. Rackspace delivers computing-as-a-service, integrating the industry's best technologies into a flexible service offering, making computing more reliable and affordable. A trusted partner to companies of all sizes, Rackspace enables IT departments to be more effective. Rackspace is distinguished by its award-winning Fanatical Support, furthering the company's mission to be one of the world's greatest service companies. Rackspace featured in the top 30 of both the Sunday Times 100 Best companies to work for list and the Financial Times Great Place to Work Awards, 2008. Rackspace's portfolio of hosted services includes managed hosting, email hosting and cloud hosting "
Several other analysts also recently issued reports on RAX. Bank of America raised shares of Rackspace Hosting from a neutral rating to a buy rating and reduced their price target for the company from $47.00 to $38.00 in a research report on Monday, November 2nd. Cowen and Company reissued a buy rating and issued a $52.00 price target (up previously from $48.00) on shares of Rackspace Hosting in a research report on Tuesday, November 10th. Jefferies Group reduced their price target on shares of Rackspace Hosting from $38.00 to $33.00 and set a hold rating for the company in a research report on Tuesday, November 10th. William Blair reissued an outperform rating on shares of Rackspace Hosting in a research report on Tuesday, November 10th. Finally, Needham & Company LLC reissued a hold rating on shares of Rackspace Hosting in a research report on Tuesday, November 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $39.71.
In related news, CEO Taylor Rhodes sold 3,866 shares of the stock in a transaction on Monday, November 16th. The stock was sold at an average price of $27.71, for a total value of $107,126.86. Following the sale, the chief executive officer now owns 261,674 shares in the company, valued at $7,250,986.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of institutional investors have made changes to their positions in RAX. Janus Capital Management raised its position in shares of Rackspace Hosting by 1.6% in the third quarter. Janus Capital Management now owns 825,700 shares of the hosting company's stock worth $20,378,000 after buying an additional 12,732 shares in the last quarter. LGT Capital Partners acquired a new stake in shares of Rackspace Hosting during the fourth quarter worth about $9,879,000. Fox Run Management acquired a new stake in shares of Rackspace Hosting during the fourth quarter worth about $375,000. Acadian Asset Management increased its stake in shares of Rackspace Hosting by 3,208,917.7% in the fourth quarter. Acadian Asset Management now owns 1,989,591 shares of the hosting company's stock worth $50,375,000 after buying an additional 1,989,529 shares during the period. Finally, Nordea Investment Management AB increased its stake in shares of Rackspace Hosting by 3,799.7% in the four th quarter. Nordea Investment Management AB now owns 123,700 shares of the hosting company's stock worth $3,132,000 after buying an additional 120,528 shares during the period.
Rackspace Hosting (NYSE:RAX) opened at 17.63 on Friday. Rackspace Hosting has a 52 week low of $16.38 and a 52 week high of $56.20. The firm has a 50-day moving average of $20.72 and a 200-day moving average of $26.51. The company has a market cap of $2.37 billion and a price-to-earnings ratio of 19.16.
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.
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Source: Rackspace Hosting, Inc. (RAX) Upgraded at Zacks Investment Research
The basic bloggers guide to web hosting
The logistics of getting your own blog up and running are pretty simple and inexpensive. When it comes down to it, all you really need is an internet connection, a small sum of money to create it and keep it live, and a web host you can trust. That last point might well be the most difficult to grasp. So, what is web hosting, and how does it work?
A web host such as Midphase store web pages on servers, and then "serves" them up whenever they are requested by an internet user. An analogy in the 'real world' might well be to think of them as offering you a premises to let out.
Obviously it is, in reality, a little more technical than that, but that's really all it boils down to - servers that host websites. So when you pay for web hosting, you are paying for space on one of these servers.
You could, in theory, do it yourself, but the ability of your home web connection to be able to handle it is unlikely. Here's our guide, therefore, on what to look out for to ensure you are happy with your web hosting service:
Types of hosting
There are several types of hosting available:
Dedicated Servers - where one server hosts all the pages for one website.
Shared Servers - where multiple websites are hosted on one server.
Virtual Private Servers - where multiple websites are hosted on one server, but artificial, or virtual, walls are in place to give more functionality and flexibility than on a shared server.
Cloud Hosting - a newer form of hosting where capacity and functionality can easily be scaled up or down according to your needs.
If you're running a blog then it's most likely you'll only require space on a shared server, as you won't need a great deal of bandwidth or storage.
Different web hosts offer a multitude of packages for individuals and businesses, and the one you choose will be determined by your specific needs in relation to a number of factors, such as the level of bandwidth (this affects how quickly your pages load), the storage you need and how many email addresses you want for your website. Remember, just because a web hosting company appears to offer unlimited bandwidth or storage, that's not necessarily going to be the case. If you trip over a limit, then you site could temporarily go down, so it's always best to check the small-print, especially if you're hoping for high volumes of traffic.
Here are some other factors that you'll need to consider:
Domain Names
Your domain name is essentially your address on the internet, it's how people find you. If you're very lucky, you might be able to get the .com or the .co.uk that matches your company name exactly, but the chances are that it's already taken, or you'll need to pay to buy it from someone else who is sitting on it. So you may need to choose a variation on the name, such as yourcompanynameshop.com, or to look at alternative domains such as .biz or .co. Your web host will often help you to secure the domain name.
Security
The simple fact is that your blog could be hacked. That's annoying at best, but potentially damaging at worst, especially if they are able to get through your website to your home computer. So, to protect your website from security threats such as malware and viruses, you need to ensure your web host takes a proactive approach to monitoring things. Most good web hosts will be happy to shout about their credentials in this regard.
Support
Good support is vital. You need to be able to contact your web host, either by phone, email or a messenger app, 24 hours a day, every day of the year, in case you have a problem and need it solved straightaway. It can be useful to speak to other blog owners for their opinions of their hosts.
Uptime
Your uptime is, strangely enough, the amount of time you can expect your blog to be up, ie, available, to web users. If it's not hovering around the 99.9% mark, then you should be asking your web host why, and if they can't fix that, you should be looking elsewhere.
Website Construction
As mentioned above, it doesn't cost much nowadays to get a professional-looking blog online. Website builder software such as Wordpress is remarkably easy to use, and intuitive, so you can have a perfectly serviceable site within a couple of days without any particular skills required. Some web hosts will include this software as part of their package, making it an even better deal for you.
Source: The basic bloggers guide to web hosting