Rackspace Hosting, Inc. (RAX) saw a big move in the last trading session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a …
Rackspace is having a rough day in the market today, and for good reason. After the closing bell yesterday, the company reported earnings. While earnings and revenue came in ahead of expectations, they also showed a …
Shares of Rackspace Hosting, Inc. (RAX) have been under pressure for most of 2016 but the stock saw a nice bounce Friday, rising 2.24% to a high of $22.34, ahead of the company's first quarter fiscal 2016 earnings …
This morning, one of the leading cloud computing hosting companies Rackspace Hosting Inc (NYSE:RAX) is declining sharply after reporting earnings. It seems that revenue came in below consensus and the street is …
Rackspace Hosting, Inc. (NYSE:RAX) stock surged more than 3% during pre-market hours today, after RBC Capital analyst Jonathan Atkin upgraded its rating to Outperform, based on accelerating revenue growth in the …
The equity market returns were very disappointing in the third quarter, “thanks” to the slowdown of China’s economy and the weaker-than-expected U.S. economic data. It was not entirely clear whether the broader …
Shares of Rackspace Hosting, Inc. (RAX) are up by 16.87% to $31.66 in early trading on Tuesday morning, after the cloud computing firm announced plans to offer $350 million aggregate principal amount of senior notes due …
Rackspace Hosting, Inc. (NYSE:RAX) stock surged a little over 4% in the last trading session, after the news regarding its potential buyout came to light. Apollo Global Management, U.S based private equity firm, …
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Chuck is an independent investor and have been involved with financial markets for 31 years. He writes articles on the markets and the economy, a mixture of commentary on current events as well as economic theory.