Credit Suisse Downgrades Rackspace (RAX) to Neutral
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/15/2026
- Wall St set to open higher as investors weigh earnings; PayPal jumps
- U.S. headline producer inflation posts first one-month decrease since August 2025
- PayPal rallies 20% on report Stripe, Advent made $53 billion bid
- Oil prices rise as hostilities worsen in the Middle East
- ASML capacity upgrade soothes AI chip bottleneck fears
- IBM misses Q2 targets as mainframe and software sales disappoint
- Verizon planning new round of layoffs this week - Barron’s
- Kosovo bans Serb minister over ethnic cleansing remarks
- Lucid Group shares quickly cut in half on report of potential bankruptcy
- S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings
Rackspace (RAX) Sees Strong Early Upside
February 18, 2016 10:30 AM ESTRackspace (NYSE: RAX) is seeing share upside. Shares are up 9% Shares saw a sharp red-to-green reversal mid-day Thursday after reporting earnings after-the-close Wednesday. The stock is up for the fourth straight session.
... MoreRackspace (RAX) Sees Red-to-Green Reversal
February 17, 2016 10:54 AM ESTRackspace (NYSE: RAX) has now seen a complete red-to-green reversal following results and weak guidance after the close. Shares last traded up 0.4%.
... MoreRackspace (RAX) Pares Decline
February 17, 2016 10:13 AM ESTRackspace (NYSE: RAX) pared declines from 16% to 2%.
Oppenheimer Reiterates Outperform on Rackspace (RAX) Following 4Q
February 17, 2016 9:57 AM ESTOppenheimer maintained an Outperform rating on Rackspace (NYSE: RAX), and cut the price target to $30.00 (from $43.00), following the company's 4Q earnings report. Revenue grew 2.7% seq. and EBITDA margins of 35.1% beat Oppenheimer's estimate by 150bps, driven by lower than expected OPEX. EPS of $0.24 beat $0.19 estimates given the EBITDA beat and lower... More
Rackspace (RAX) PT Cut to $19 at UBS
February 17, 2016 8:23 AM ESTUBS analyst Steven Milunovich reiterated a Neutral rating and slashed his price target on Rackspace (NYSE: RAX) to $19.00 (from $28.00) following Q4 results and a weak outlook.
Milunovich,commented, "There probably were more positives than negatives in the quarter and outlook, but disappointing... More
Barclays Downgrades Rackspace (RAX) to Equalweight
February 17, 2016 6:47 AM ESTBarclays downgraded Rackspace (NYSE: RAX) from Overweight to Equalweight with a price target of $21.00 (from $35.00).
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 $18.17 yesterday.
... MoreStifel Downgrades Rackspace (RAX) to Hold
February 17, 2016 6:46 AM ESTStifel downgraded Rackspace (NYSE: RAX) from Buy to Hold and removed its price target (prior $30.00).
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 $18.17 yesterday.
... MoreRackspace (RAX) Tops Q4 EPS by 1c, FY16 Revenue Guidance Misses
February 16, 2016 4:11 PM ESTRackspace (NYSE: RAX) reported Q4 EPS of $0.24, $0.01 better than the analyst estimate of $0.23. Revenue for the quarter came in at $522.8 million versus the consensus estimate of $521.39 million.
GUIDANCE:
Rackspace sees Q1 2016 revenue of $517-521 million, versus the consensus of $530.68... More
