What:Shares of Rackspace Holding jumped more than 12% Thursday after the managed cloud-computing specialist announced strong fourth-quarter 2015 results. So what:Quarterly revenue grew 2.7% ...
Commenting on the results, CEO Taylor Rhodes said in a press release: "We delivered on our promises in the first quarter and are better positioning ourselves to benefit from the rapid growth of the ...
As the cloud services company Rackspace Hosting's stock continues to trend lower, investors often get excited about the occasional pop that comes with merger and acquisition rumors. For the better ...
For investors in Rackspace Hosting , the past couple of years have been painful, with the share price having lost two-thirds of its value between its early 2013 highs and its 2014 low point. Since ...
On Monday, Rackspace Hosting will release its quarterly report, and shareholders have seen the stock plunge in response to new competitive pressures. With Google and Amazon.com among many companies ...
Rackspace Hosting CEO Lanham Napier retired suddenly this afternoon. He had led the company for a little more than seven of his 14 years with the company. Chairman and co-founder Graham Weston will ...
Perhaps the biggest problem Rackspace faces is that it is competing in a commoditized business without the inherent ability to compete on price. Mind you, Rackspace’s products compete directly with ...
Rackspace Hosting, Inc. (NYSE:RAX) shareholders have witnessed an increase in hedge fund interest in recent months. To most shareholders, hedge funds are viewed as underperforming, outdated investment ...
Cloud computing specialist Rackspace Hosting reported fourth-quarter results after the closing bell on Tuesday. Sales rose but profits declined, leaving investors cold. Rackspace shares fell as much ...