Rackspace (RAX) Price Target Raised to $50-$52 at Wells Fargo
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Rackspace (RAX) Price Target Raised to $45 at Credit Suisse
November 11, 2014 11:41 AM ESTCredit 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
Rackspace (RAX) Underperform Rating Maintained at FBN Securities
November 11, 2014 9:46 AM ESTFBN 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
Canaccord Genuity Remains Unconvinced About Rackspace (RAX) Recovery
November 11, 2014 9:43 AM ESTCanaccord 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
Rackspace (RAX) Tops Q3 EPS by 2c, Q4 Revenue Guidance Light
November 10, 2014 4:03 PM ESTRackspace (NYSE: RAX) reported Q3 EPS of $0.18, $0.02 better than the analyst estimate of $0.16. Revenue for the quarter came in at $460 million versus the consensus estimate of $458.4 million.
Rackspace sees Q4 2014 revenue of $469-476 million, versus the consensus of $476.5 million.
This range includes an expected negative... More
