Canaccord Genuity Remains Unconvinced About Rackspace (RAX) Recovery
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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 9:31 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
November 10, 2014 4:03 PM EST
Rackspace (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
