Pacific Crest Downgrades Rackspace (RAX) to Sector Weight
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February 18, 2016 10:30 AM EST
Rackspace (NYSE: RAX) is seeing share upside. Shares are up 9% Shares saw a sharp red-to-green reversal mid-day Thursday after reporting earnings after-the-close Wednesday. The stock is up for the fourth straight session.
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February 17, 2016 10:54 AM EST
Rackspace (NYSE: RAX) has now seen a complete red-to-green reversal following results and weak guidance after the close. Shares last traded up 0.4%.
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February 17, 2016 10:13 AM EST
Rackspace (NYSE: RAX) pared declines from 16% to 2%.
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February 17, 2016 9:57 AM EST
Oppenheimer maintained an Outperform rating on Rackspace (NYSE: RAX), and cut the price target to $30.00 (from $43.00), following the company's 4Q earnings report. Revenue grew 2.7% seq. and EBITDA margins of 35.1% beat Oppenheimer's estimate by 150bps, driven by lower than expected OPEX. EPS of $0.24 beat $0.19 estimates given the EBITDA beat and lower... More
February 16, 2016 4:11 PM EST
Rackspace (NYSE: RAX) reported Q4 EPS of $0.24, $0.01 better than the analyst estimate of $0.23. Revenue for the quarter came in at $522.8 million versus the consensus estimate of $521.39 million.
GUIDANCE:
Rackspace sees Q1 2016 revenue of $517-521 million, versus the consensus of $530.68... More
