Rackspace Reports Solid First Quarter Revenue and Margins

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Go back to Rackspace Reports Solid First Quarter Revenue and Margins

CLSA Downgrades Rackspace (RAX) to Outperform

May 12, 2015 7:39 AM EDT

CLSA downgraded Rackspace (NYSE: RAX) from Buy to Outperform.

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 $53.13 yesterday.

... More

Morgan Stanley Downgrades Rackspace (RAX) to Equalweight

May 12, 2015 6:53 AM EDT

Morgan Stanley downgraded Rackspace (NYSE: RAX) from Overweight to Equalweight with a price target of $49.00 (from $55.00).

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 $53.13 yesterday.

... More

Rackspace (RAX) Posts Q1 EPS of 20c

May 11, 2015 4:02 PM EDT

(Updated - May 11, 2015 4:32 PM EDT)

Rackspace (NYSE: RAX) reported Q1 EPS of $0.20, versus the analyst estimate of $0.20. Revenue for the quarter came in at $480.2 million versus the consensus estimate of $481 million.

Adjusted EBITDA for the quarter was $161 million, up 15.5 percent from... More