Pacific Crest Downgrades Rackspace (RAX) to Sector Weight
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/14/2026
- Wall St futures mixed ahead of CPI, bank earnings; US-Iran tensions in focus
- IBM plunges 19% as memory capex squeeze derails Q2 earnings
- SK Hynix’s record plunge drags down global chip stocks
- Software stocks tumble: High memory prices cannibalize enterprise tech capex
- Oil up 9% to one-month high as US says it will blockade entire Iranian coastline, all vessels
- IBM misses Q2 targets as mainframe and software sales disappoint
- Goldman Sachs Upgrades NIO (NIO) to Buy
- Wall Street ends lower as Iran tensions dampen risk appetite; chipmakers drop
- BofA Securities on AppLovin: 'Current valuation appears reasonable'
- YPF Energía Eléctrica S.A. files for proposed NYSE IPO
Rackspace Reports Fourth Quarter Results
February 16, 2016 4:06 PM ESTSAN ANTONIO, TX -- (Marketwired) -- 02/16/16 -- Rackspace® (NYSE: RAX), the #1 managed cloud company, today announced financial results for the quarter that ended December 31, 2015.
On a GAAP basis, net revenue for the fourth quarter of 2015 was $523 million, up 10.7 percent from the fourth quarter of 2014. These results were adversely affected by shifts in currency exchange rates. On a constant currency basis, net revenue grew 12.0 percent from the fourth quarter of 2014.
Adjusted EBITDA for the fourth quarter of 2015 was $184 million, for a margin of 35.1 percent, up 11.0... More
