Rackspace Announces Proposed $350 Million Offering of Senior Notes

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Cowen Reiterates Outperform on Rackspace (RAX) Following 3Q Revenue Beat

November 10, 2015 9:03 AM EST

Cowen reiterated an Outperform rating on Rackspace (NYSE: RAX), and price target of $52.00 (from $48.00), following the company's 3Q earnings report. RAX reported solid 3Q15 results including rev/EBITDA that beat expectations largely driven by the previously announced enterprise deals that were pushed into 3Q... More