Rackspace (RAX) Tops Q3 EPS by 2c, Q4 Revenue Guidance Light
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November 11, 2014 11:41 AM EST
Credit Suisse maintained an Outperform rating on Rackspace (NYSE: RAX) and raised its price target to $45.00 (from $40.00). The change follows Q3 results and guidance.
Analyst Sitikantha Panigrahi said, "Rackspace reported strong September quarter results with revenue and EBITDA margins exceeding consensus expectations, driven by strong sales execution and... More
November 11, 2014 9:46 AM EST
FBN Securities maintained an Underperform rating on Rackspace (NYSE: RAX) with a price target of $30. Analyst Shebly Seyrafi called Q3 a good start for new CEO Taylor Rhodes, but he thinks challenges remain.
"The company reported a slight revenue beat and a $.02... More
November 11, 2014 9:43 AM EST
Canaccord Genuity analyst analyst Greg Miller reiterated a Hold rating and $35 price target Rackspace (NYSE: RAX) following Q3, saying while better-than-expected they are not convinced they are on a complete road to recovery.
"Rackspace reported Q3/14 results that, when adjusted for... More
November 11, 2014 9:31 AM EST
Wells Fargo reiterated an Outperform rating on Rackspace (NYSE: RAX) and raised its price target to $50-$52 (from $42-$46). The change follows its Q3 print. Analyst Gray Powell noted strong results and evidence of an improving margin profile.
For an analyst ratings... More
