CLSA Downgrades Rackspace (RAX) to Underperform
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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
Raymond 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) Raises Buyback Plan to $1B
August 10, 2015 5:10 PM EDTIn addition to earnings after the close, the Rackspace (NYSE: RAX) board of directors has increased the company's existing share buyback authorization up to $1 billion, in addition to the $200 million of repurchases already carried out. Rackspace expects to fund this buyback... 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
