Rackspace (RAX) Beating Low Expectations is a Good Start But Execution is Needed - Needham & Company

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Go back to Rackspace (RAX) Beating Low Expectations is a Good Start But Execution is Needed - Needham & Company

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

Rackspace (RAX) Strong Results and Better Outlook, Wells Fargo Notes; PT Lowered

November 10, 2015 7:29 AM EST

Rackspace (NYSE: RAX) reported better than expected Q3 results with about 1% upside on revenue and a 5% beat on EBITDA expectations. Most notably sequential revenue trends improved meaningfully from the pace of 1H'15 and were on-par with the level of growth seen in... More

Rackspace (RAX) Tops Q3 EPS by 6c

November 9, 2015 4:07 PM EST

Rackspace (NYSE: RAX) reported Q3 EPS of $0.26, $0.06 better than the analyst estimate of $0.20. Revenue for the quarter came in at $509 million versus the consensus estimate of $503.08 million.

For the fourth quarter of 2015, Rackspace expects revenue to grow between 2.0 percent and 3.0 percent quarter-over-quarter, on... More