Rackspace Reports Second Quarter Results
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UBS Cuts Price Target on Rackspace (RAX) Following 2Q Results and Guidance
August 11, 2015 10:30 AM EDTUBS reiterated a Neutral rating on Rackspace (NYSE: RAX), and cut the price target to $36.50 (from $43.00), following the company's 2Q15 earnings report and guidance. Analyst Steven Milunovich said that the 2Q results came in as expected, but revenue and EBITDA margin guidance... More
CLSA Downgrades Rackspace (RAX) to Underperform
August 11, 2015 7:46 AM EDTCLSA downgraded Rackspace (NYSE: RAX) from Outperform to Underperform.
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 $31.73 yesterday.
... MoreRaymond James Upgrades Rackspace (RAX) to Strong Buy
August 11, 2015 6:45 AM EDTRaymond James upgraded Rackspace (NYSE: RAX) from Outperform to Strong Buy with a price target of $48.00.
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 $31.73 yesterday.
... MoreRackspace (RAX) PT Cut to $48 at Cowen; 'Outpeform' Maintained as Bar Reset
August 11, 2015 6:36 AM EDTCowen analyst Colby Synesael cut the price target on Rackspace (NYSE: RAX) to $48.00 (from $74.00) but maintained an Outperform rating following lackluster 2Q15 results and reduced guidance. The firm said the large buyback was a nice surprise. The firm said the bar has been... More
Rackspace (RAX) Raises Buyback Plan to $1B
August 10, 2015 5:10 PM EDTIn addition to earnings after the close, the Rackspace (NYSE: RAX) board of directors has increased the company's existing share buyback authorization up to $1 billion, in addition to the $200 million of repurchases already carried out. Rackspace expects to fund this buyback... More
