Cowen & Co Initiates Coverage on Rackspace Hosting (RAX) with an Outperform
More News related to RAX
- Rackspace (RAX) Sees $2.5M To $3.5M In Service Credits For System Outage
- Rackspace Hosting to Participate in Investor Conference Call with Goldman Sachs
- Denim Group Teams with Rackspace Hosting
- Online Game Publisher, Uforia, Significantly Reduces IT Costs with Rackspace Email
- Thomas Weisel Initiates Coverage on Rackspace (RAX) with an Overweight
More News related to SVVS
- Gomez & SAVVIS Sign Channel Partner Agreement
- Workday Selects Savvis to Support Software-as-a-Service Delivery Model
- BATS Exchange Multicast Datafeed Now Available via Savvis Low Latency Extranet
- Savvis Achieves Cisco Powered Managed TelePresence, MPLS-VPN, Firewall & IDS/IPS Designations
- Thomas Weisel Initiates Coverage on SAVVIS (SVVS) with an Overweight
More News related to T
- AT&T Hosts 'Kids Day at PETCO Park' for 600 San Diego Area Kids
- AT&T Park Receives Upgrades to 'Giants Digital Dugout' Wi-Fi Portal to Enhance Fan Experience
- AT&T Connects San Francisco Giants Fans With Exclusive Wireless Content, Team Chatter, News, Sweeps and Special Offers Via AT&T Park Activities
- Piqqem Sentiment Market Movers 7/01/09: STP, ORCL, T, F
- AT&T 'Hands' Advertising Campaign Voted 'America's Favorite Magazine Ad' by Consumers
Cowen & Co initiates coverage on Rackspace Hosting (NYSE: RAX) with an Outperform.
Cowen analyst says, "Rackspace Hosting is the #1 provider of managed hosting services. RAX targets the small, medium business (SMB) segment and differentiates its product offerings by providing high-quality, 24 x 7x 365 customer support...With revenues of $362MM in 2007, RAX surpassed AT&T (NYSE: T), Verizon (NYSE: VZ) and Savvis (Nasdaq: SVVS) to be the #1 provider of managed hosting services in the U.S. RAX has grown revenue >50% annually since the company was founded in 1998."
Rackspace Hosting, Inc., formerly Rackspace, Inc. (Rackspace), delivers Websites, Web-based information technology (IT) systems, and computing as a service.
Related Categories
New CoverageStocks Mentioned
+12.14
-0.47Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
