Rackspace (RAX) Raises Buyback Plan to $1B
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UBS Cuts Price Target on Rackspace (RAX) Following 2Q Results and Guidance
August 11, 2015 10:30 AM EDTUBS reiterated a Neutral rating on Rackspace (NYSE: RAX), and cut the price target to $36.50 (from $43.00), following the company's 2Q15 earnings report and guidance. Analyst Steven Milunovich said that the 2Q results came in as expected, but revenue and EBITDA margin guidance... More
CLSA Downgrades Rackspace (RAX) to Underperform
August 11, 2015 7:46 AM EDTCLSA downgraded Rackspace (NYSE: RAX) from Outperform to Underperform.
For an analyst ratings summary and ratings history on Rackspace click here. For more ratings news on Rackspace click here.
Shares of Rackspace closed at $31.73 yesterday.
... MoreRaymond James Upgrades Rackspace (RAX) to Strong Buy
August 11, 2015 6:45 AM EDTRaymond James upgraded Rackspace (NYSE: RAX) from Outperform to Strong Buy with a price target of $48.00.
For an analyst ratings summary and ratings history on Rackspace click here. For more ratings news on Rackspace click here.
Shares of Rackspace closed at $31.73 yesterday.
... MoreRackspace (RAX) PT Cut to $48 at Cowen; 'Outpeform' Maintained as Bar Reset
August 11, 2015 6:36 AM EDTCowen analyst Colby Synesael cut the price target on Rackspace (NYSE: RAX) to $48.00 (from $74.00) but maintained an Outperform rating following lackluster 2Q15 results and reduced guidance. The firm said the large buyback was a nice surprise. The firm said the bar has been... More
Rackspace (RAX) Misses Q2 EPS by 4c
August 10, 2015 4:04 PM EDTRackspace (NYSE: RAX) reported Q2 EPS of $0.16, $0.04 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $489 million versus the consensus estimate of $490.54 million.
For the third quarter of 2015, Rackspace expects revenue to grow between 2.0 percent and 3.5 percent on a... More
