Rackspace Reports First Quarter Results
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Rackspace (RAX) Quarter Was OK - Wells Fargo
May 10, 2016 7:07 AM EDTWells Fargo analyst, Gray Powell, thinks Rackspace (NYSE: RAX) posted a decent Q1 earnings report despite weak second quarter guidance. Q1 revenue was in line and EBITDA beat Street ests by 1%. Q2 guidance was slightly below Street expectations but management remained confident on... More
Raymond James Downgrades Rackspace (RAX) to Outperform
May 10, 2016 7:03 AM EDTRaymond James downgraded Rackspace (NYSE: RAX) from Strong Buy to Outperform with a price target of $25.00 (from $28.00).
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 $22.54 yesterday.
... MoreRackspace (RAX) Tops Q1 EPS by 12c, Offers Guidance
May 9, 2016 4:10 PM EDTRackspace (NYSE: RAX) reported Q1 EPS of $0.34, $0.12 better than the analyst estimate of $0.22. Revenue for the quarter came in at $518 million versus the consensus estimate of $518.95 million.
GUIDANCE:
Rackspace sees Q2 2016 revenue of $519-524 million, versus the consensus of... More
