Rackspace Hosting (RAX) Tops Q1 EPS by 6c
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May 13, 2014 8:55 AM EDT
Nomura Securities analyst Adam Ilkowitz sees signs of relief at Rackspace (NYSE: RAX) following Q1 results but is renaming on the sidelines. The firm maintained a Neutral rating and cut its price target to $39.00 (from $42.00).
Ilkowitz notes, "1Q14 financial results were better... More
May 13, 2014 7:08 AM EDT
Piper Jaffray analyst Andrew Nowinski reiterated an Overweight rating but trimmed his price target on Rackspace (NYSE: RAX) to $45.00 (from $50.00) following 'solid' Q1 results and highlights from management about the value of its managed cloud... More
May 13, 2014 6:36 AM EDT
Needham & Company analyst Richard Kugele bumped estimates but reiterated a Hold on Rackspace (NYSE: RAX) following in-line Q1 revenue and a beat on EPS on lower OPEX.
Kugele comments, "Modest installed base growth continues at RAX, with 1Q upside driven by lower... More
