Rackspace Hosting, Inc. logo Zacks Investment Research reiterated its maintenance rating on shares of Rackspace Hosting, Inc. (NYSE: RAX), Ratings.Net in a report to investors Monday morning, analyst reports.
After Zacks “As the world leader and specialist in hosting, Rackspace Hosting change the way buy companies worldwide. Rackspace provides IT-as-a-service, the best technologies to be integrated into the industry a number of flexible services, most reliable computer manufacture and inexpensive. a reliable partner for companies of all sizes, Rackspace enables services to be more effective. Rackspace for its award-winning support, promoting the fanatical mission of the company distinguished displays one of the largest companies in the world services. Rackspace in the top 30, both working list of the Sunday times 100 best companies and the Financial times main square price portfolio 2008. Rackspace hosting services accommodation includes managed hosting email hosting and cloud “
In other news from Rackspace Hosting, Taylor Rhodes CEO sells 3,866 shares of company stock in a transaction of Monday, November 16. The shares were sold at an average price of $ 27.71, for a total value of $ 107,126.86. Following this transaction, the CEO directly now holds 261.674 shares of the company, valued at $ 7,250,986.54. The transaction was announced in a filing with the SEC, which can be accessed via this link. In addition, the vice president of Tiffany Torno sold 4500 shares of the company in a transaction Wednesday, November 11. The shares were sold at an average price of $ 29.66, for a total transaction of $ 133,470.00. Following this transaction, the Vice President now holds 35,564 shares of the company worth $ 1,054,828.24. The disclosure of this sale can be found here.
A number of hedge funds and institutional investors sold its shares in RAX recently added or reduced. CIBC Asset Management Inc. has increased its position in Rackspace Hosting 15.3% in the fourth quarter. CIBC Asset Management Inc. now owns 9993 shares of the hosting company is worth $ 253,000 after a 1326 additional shares in the last quarter to buy. Shelton Capital Management increased its position in Rackspace Hosting 3.4% in the fourth quarter. Shelton Capital Management now holds 12.202 shares of the hosting company is worth $ 309,000 to buy After another 400 shares in the last quarter. First Mercantile Trust Co. purchased a new position at Rackspace Hosting in the fourth quarter is $ 337,000. Fox Run management, a new position at Rackspace Hosting in the fourth quarter is $ 375,000. Finally Neuberger Berman Group LLC is increasing its position in Rackspace Hosting 16.3% in the fourth quarter. Neuberger Berman Group LLC now owns 16.821 shares of the hosting company is worth $ 426,000 after a 2354 additional shares in the last quarter to buy.
Rackspace Hosting (NYSE: RAX) increased 5.71% during the day on Monday, hitting $ 21.09. The shares of the company achieved a sales volume of 1,948,686 shares. The company has a market cap of $ 2.84 billion and P / E ratio of 22.92 market. 50 days moving average of $ 22.25 the action and its moving average at 200 days is $ 27.33. Rackspace Hosting has a minimum of 12 months of $ 17.22 and a maximum of 12 months $ 56.20.
Rackspace Hosting (NYSE: RAX) have latest quarterly results on Monday, November 9th. The hosting company reported $ 0.26 EPS for the quarter, beating estimates of $ 0.20 to $ 0.06 analysts. The company had sales of $ 509 million for the quarter, compared with estimates of $ 503.08 million analysts. In the same period last year, the company reported $ 0.18 EPS. Rackspace Hosting revenue in the quarter was 10.7% on an annual basis. On average, analysts predict that Rackspace Hosting posted $ 0.89 EPS for the current year.
Other stock analysts issued research reports on the action. Cowen and Company repeated buy recommendation and set a target price of $ 52.00 (up previously from $ 48.00) shares of Rackspace Hosting in a report Tuesday, November 10. Shares of Bank of America Rackspace updated a neutral rating to a hosting purchase and lowered its price target for the shares of $ 47.00 to $ 38.00 in a report Monday, 2nd prize in November. Oppenheimer initiated coverage on shares of Rackspace in a report Tuesday, November 10 accommodations. Ask. A buy recommendation and a target price of $ 43.00 on the stock Stifel Nicolaus reiterated its buy recommendation on the shares of Rackspace Hosting in a report Tuesday, November 10. Finally, Credit Suisse recommends buying shares of Rackspace Hosting in a report Tuesday, November 10 affirms instead. Three Equity Research analysts evaluated the action with a number of sales, a new recommendation to maintain talked attributed thirteen purchase and two a strong buy recommendation were given to the action. The company currently has an average rating of Buy and a target of an average price of $ 40.27.
Rackspace Hosting, Inc. (NYSE: RAX) is in the market segment reaches cloud technologies company information (IT). The company offers a portfolio of integrated IT solutions for common business needs, including e-commerce, web content management, web hosting, data services, office mail and collaboration, and cloud private.
12 Chart Month NYSE: RAX
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