By Guido Giacalone : In May Rackspace (NYSE: RAX )(or the "company") hired Morgan ..... managed hosting play was in the market. Rackspace is a San Antonio-based provider of ..... entry in the cloud computing market. Rackspace finds itself in a particularly testing
t as surprising or disappointing as Rackspace 's ( RAX -16.1% ) decision not to launch ..... disappointed in the lack of buyback and calls Rackspace 's decision to stay independent "prudent ..... revenue. "Further, we believe that Rackspace ’s chief competitor, Amazon Web Services
By Chris Lau : Rackspace (NYSE: RAX ) announced it would end the evaluation ..... repurchase plan at this time. Rackspace was never evaluated as a takeover ..... AMZN ), at 14.3 times book. Rackspace closed at Complete Story »
Sept 16 (Reuters) - Cloud management services provider Rackspace Hosting Inc said it would not sell itself, sending its shares down 16.5 percent in after-market trading.
"Based on Rackspace 's (NYSE: RAX ) reaccelerated revenue growth and its potential trajectory ..... board. Watson is now non-executive chairman. Rhodes joined Rackspace in 2007 and has been president since February. Shares -16
Well into the red earlier amid a downgrade from JPMorgan, Rackspace ( RAX +0.2% ) has popped into the green over the past few minutes. Perhaps a deal with CenturyLink ( CTL ) is near? Previously: Rackspace lower after JPMorgan downgrade Post your comment!
JPMorgan rings the register on Rackspace (NYSE: RAX ), pulling its Overweight rating after the big late-summer rally in the stock. Rackspace 's current price has baked in a purchase by CenturyLink, a deal JPMorgan is skeptical of ever happening
By Joe Panettieri : I'm long on Rackspace (NYSE: RAX ), the hosting provider that has pushed ..... Google (NASDAQ: GOOG ) have squeezed Rackspace 's business. And now there are rumors that CenturyLink is negotiating to buy Rackspace as part of the telecom giant's push
May, CenturyLink (NYSE: CTL ) is now looking to acquire Rackspace (NYSE: RAX ), Bloomberg reports . A deal would enable CenturyLink to ..... expanding its offerings of Internet and cloud services. Rackspace ’s sales climbed 17% in 2013 to $1.5B, with $415
NEW YORK, Sept 7 (Reuters) - Phone service provider CenturyLink Inc is seeking to acquire Rackspace Hosting Inc in order to expand its cloud-computing services, according to a Bloomberg report citing...