Rackspace Hosting (RAX) Reports In-Line Q2 EPS, Offers Guidance

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Canaccord Genuity Comments on Rackspace (RAX) Following Q2 Results

August 12, 2014 10:45 AM EDT

Canaccord Genuity maintained a Hold rating on Rackspace (NYSE: RAX) with a price target of $35. Comments follow Q2 results. Importantly, management provided no update on the strategic review process, noted analyst Greg Miller.

"Rackspace reported Q2/14 results after the close last night that... More