CLSA Downgrades Rackspace (RAX) to Underperform
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/24/2026
Go back to CLSA Downgrades Rackspace (RAX) to Underperform
August 11, 2015 10:30 AM EDT
UBS 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
August 11, 2015 6:45 AM EDT
Raymond 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.
...
More
August 10, 2015 5:10 PM EDT
In 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
August 10, 2015 4:04 PM EDT
Rackspace (NYSE: RAX) reported Q2 EPS of $0.16, $0.04 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $489 million versus the consensus estimate of $490.54 million.
For the third quarter of 2015, Rackspace expects revenue to grow between 2.0 percent and 3.5 percent on a... More
