Rackspace Hosting Company Profile (NYSE:RAX)

About Rackspace Hosting

Rackspace Hosting logoRackspace Hosting, Inc. (Rackspace) operates in the managed cloud segment of the business information technology (IT) market. The Company offers a portfolio of integrated IT solutions for common business needs. The Company offers services for certain applications, including e-commerce and Web content management sites, business-productivity applications, such as e-mail and collaboration, and data stores. The Company offers private, public and hybrid clouds in its approximately 10 data centers located on over four continents, in Microsoft Azure and Amazon Web Services data centers, as well as in customer-owned data centers. Its services include dedicated customer care and technical support, such as operating system patching, application monitoring, network and firewall configurations, and identity management. The Company has operations located in multiple cities across the United States, as well as in London, Amsterdam, Zurich, Hong Kong, Sydney and Mexico City.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Information Technology Services
  • Sub-Industry: Internet Software & Services
  • Exchange: NYSE
  • Symbol: RAX
  • CUSIP: 75008610
Key Metrics:
  • Previous Close: $31.99
  • 50 Day Moving Average: $31.99
  • 200 Day Moving Average: $31.57
  • 52-Week Range: $19.07 - $31.99
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 30.47
  • P/E Growth: 0.00
  • Market Cap: $N/A
  • Beta: 1.55
Profitability:
  • Net Margins: 7.39%
  • Return on Equity: 16.80%
  • Return on Assets: 8.52%
Debt:
  • Debt-to-Equity Ratio: 0.51%
  • Current Ratio: 3.11%
  • Quick Ratio: 3.11%
Additional Links:
Companies Related to Rackspace Hosting:

Analyst Ratings

Consensus Ratings for Rackspace Hosting (NYSE:RAX) (?)
Ratings Breakdown: 1 Sell Rating, 13 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.17)
Consensus Price Target: $29.10 (9.03% downside)

Analysts' Ratings History for Rackspace Hosting (NYSE:RAX)
Show:
DateFirmActionRatingPrice TargetDetails
11/3/2016Deutsche Bank AGReiterated RatingEqual WeightView Rating Details
8/30/2016Raymond James Financial, Inc.DowngradeMarket Perform -> Underperform$32.00View Rating Details
8/29/2016Tigress FinancialDowngradeStrong-Buy -> NeutralView Rating Details
8/29/2016Jefferies Group LLCBoost Price TargetHold$23.00 -> $32.00View Rating Details
8/29/2016Wells Fargo & CoDowngradeOutperform -> Market PerformView Rating Details
8/26/2016Cowen and CompanyDowngradeOutperform -> Market Perform$38.00 -> $32.00View Rating Details
8/26/2016Needham & Company LLCReiterated RatingHoldView Rating Details
8/26/2016William BlairDowngradeOutperform -> Market PerformView Rating Details
8/26/2016JMP SecuritiesDowngradeOutperform -> Market PerformView Rating Details
8/11/2016RBC Capital MarketsReiterated RatingOutperform$26.00 -> $33.00View Rating Details
8/10/2016Oppenheimer Holdings, Inc.Reiterated RatingOutperform$30.00 -> $32.00View Rating Details
8/10/2016Royal Bank of CanadaBoost Price TargetOutperform$26.00 -> $33.00View Rating Details
8/9/2016FBN SecuritiesBoost Price TargetSector Perform$21.00 -> $26.00View Rating Details
7/21/2016SunTrust Banks, Inc.Initiated CoverageNeutral$25.00View Rating Details
5/10/2016Pacific CrestReiterated RatingHoldView Rating Details
5/10/2016Credit Suisse GroupReiterated RatingNeutral$20.00View Rating Details
5/10/2016Morgan StanleyReiterated RatingEqual Weight$26.00View Rating Details
3/27/2016Bank of America CorpReiterated RatingBuyView Rating Details
2/17/2016J P Morgan Chase & CoLower Price TargetNeutral$34.00 -> $22.00View Rating Details
2/17/2016Goldman Sachs Group, Inc. (The)Lower Price TargetNeutral$24.00 -> $21.00View Rating Details
2/17/2016Stifel NicolausDowngradeBuy -> HoldView Rating Details
2/17/2016Barclays PLCDowngradeOverweight -> Equal Weight$35.00 -> $21.00View Rating Details
11/10/2015Evercore ISIReiterated RatingHoldView Rating Details
8/11/2015Canaccord GenuityReiterated RatingHold$42.00 -> $38.00View Rating Details
8/11/2015KeyCorpLower Price TargetOverweight$58.00 -> $45.00View Rating Details
(Data available from 2/27/2015 forward)

Earnings

Earnings History for Rackspace Hosting (NYSE:RAX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/9/2016        
5/9/2016Q116$0.22$0.34$519.08 million$518.00 millionViewN/AView Earnings Details
2/16/2016Q415$0.23$0.24$521.53 million$522.80 millionViewListenView Earnings Details
11/9/2015Q315$0.20$0.26$503.08 million$509.00 millionViewN/AView Earnings Details
8/10/2015Q215$0.20$0.20$490.54 million$489.00 millionViewListenView Earnings Details
5/11/2015Q115$0.20$0.20$481.00 million$480.20 millionViewListenView Earnings Details
2/17/2015Q414$0.19$0.14$474.50 million$408.10 millionViewN/AView Earnings Details
11/10/2014Q314$0.16$0.18$458.40 million$460.00 millionViewN/AView Earnings Details
8/11/2014Q214$0.16$0.16$437.00 million$441.10 millionViewN/AView Earnings Details
5/12/2014Q114$0.12$0.18$419.63 million$421.00 millionViewN/AView Earnings Details
2/10/2014Q413$0.14$0.14$404.56 million$408.00 millionViewN/AView Earnings Details
11/11/2013Q313$0.16$0.11$387.50 million$389.00 millionViewN/AView Earnings Details
8/8/2013Q2 2013$0.13$0.18$372.27 million$376.00 millionViewListenView Earnings Details
5/8/2013Q1 2013$0.20$0.19$367.20 million$362.20 millionViewListenView Earnings Details
2/12/2013Q4 2012$0.22$0.21$355.42 million$352.90 millionViewListenView Earnings Details
11/6/2012Q312$0.19$0.19$335.89 million$336.00 millionViewN/AView Earnings Details
8/7/2012$0.19$0.18ViewN/AView Earnings Details
5/7/2012$0.18$0.17ViewN/AView Earnings Details
2/13/2012$0.16$0.18ViewN/AView Earnings Details
11/7/2011$0.14$0.15ViewN/AView Earnings Details
8/4/2011$0.12$0.13ViewN/AView Earnings Details
5/9/2011$0.12$0.10ViewN/AView Earnings Details
2/10/2011$0.10$0.10ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Rackspace Hosting (NYSE:RAX)
Current Year EPS Consensus Estimate: $1.06 EPS
Next Year EPS Consensus Estimate: $1.05 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20164$0.19$0.23$0.22
Q2 20164$0.21$0.23$0.22
Q3 20165$0.23$0.26$0.24
Q4 20165$0.23$0.26$0.24
Q1 20172$0.25$0.29$0.27
Q2 20171$0.31$0.31$0.31
Q3 20171$0.32$0.32$0.32
Q4 20171$0.35$0.35$0.35
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Rackspace Hosting (NYSE:RAX)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Rackspace Hosting (NYSE:RAX)
Insider Ownership Percentage: 15.50%
Institutional Ownership Percentage: 77.98%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/17/2016Mark RoenigkCOOSell5,000$31.78$158,900.00View SEC Filing  
2/18/2016Eugene V DefeliceSVPBuy1,000$18.77$18,770.00View SEC Filing  
11/16/2015Taylor RhodesCEOSell3,866$27.71$107,126.86View SEC Filing  
11/11/2015Tiffany LatheVPSell4,500$29.66$133,470.00View SEC Filing  
8/25/2015Graham M WestonDirectorBuy85,500$29.24$2,500,020.00View SEC Filing  
4/27/2015Lew MoormanDirectorSell100,000$55.53$5,553,000.00View SEC Filing  
3/30/2015Karl PichlerCFOSell83,646$52.29$4,373,849.34View SEC Filing  
2/27/2015Mark RoenigkCOOSell12,000$49.70$596,400.00View SEC Filing  
1/2/2015Karl PichlerCFOSell7,604$47.13$358,376.52View SEC Filing  
12/10/2014George J Still JrDirectorSell55,009$46.12$2,537,015.08View SEC Filing  
11/18/2014Graham M WestonDirectorBuy58,480$42.75$2,500,020.00View SEC Filing  
8/13/2014Karl PichlerCFOSell181$29.60$5,357.60View SEC Filing  
8/13/2014Mark RoenigkCOOSell163$29.60$4,824.80View SEC Filing  
8/13/2014Tiffany LatheVPSell166$29.73$4,935.18View SEC Filing  
8/12/2014Karl PichlerCFOSell162$29.32$4,749.84View SEC Filing  
8/12/2014Tiffany LatheVPSell508$29.81$15,143.48View SEC Filing  
8/11/2014Joseph SaporitoCAOSell344$31.29$10,763.76View SEC Filing  
8/11/2014Karl PichlerCFOSell488$31.29$15,269.52View SEC Filing  
8/11/2014Mark RoenigkCOOSell379$31.29$11,858.91View SEC Filing  
3/10/2014Taylor RhodesPresidentSell1,154$37.59$43,378.86View SEC Filing  
2/14/2014Mark RoenigkCOOSell11,500$33.23$382,145.00View SEC Filing  
11/15/2013A Lanham NapierCEOSell902,238$42.36$38,218,801.68View SEC Filing  
10/8/2013Mark RoenigkCOOSell6,500$48.02$312,130.00View SEC Filing  
9/11/2013Taylor RhodesSVPSell1,298$50.41$65,432.18View SEC Filing  
9/4/2013Alan SchoenbaumVPSell14,952$46.88$700,949.76View SEC Filing  
9/4/2013Mark RoenigkCOOSell10,485$46.88$491,536.80View SEC Filing  
8/12/2013A Lanham NapierCEOSell2,463$47.22$116,302.86View SEC Filing  
8/12/2013Lew MoormanPresidentSell290,219$47.37$13,747,674.03View SEC Filing  
8/12/2013Mark RoenigkCOOSell5,594$48.29$270,134.26View SEC Filing  
7/24/2013Mark RoenigkCOOSell4,000$45.00$180,000.00View SEC Filing  
3/11/2013Alan SchoenbaumVPSell2,082$55.93$116,446.26View SEC Filing  
2/1/2013Patrick M MatthewsSVPSell12,500$76.01$950,125.00View SEC Filing  
1/15/2013Christopher CochranInsiderSell2,000$77.08$154,160.00View SEC Filing  
12/3/2012Lew MoormanInsiderSell90,000$68.22$6,139,800.00View SEC Filing  
12/3/2012Patrick M MatthewsSVPSell7,500$68.22$511,650.00View SEC Filing  
11/12/2012Fred ReichheldDirectorSell4,000$62.00$248,000.00View SEC Filing  
11/12/2012James LewandowskiSVPSell37,500$61.78$2,316,750.00View SEC Filing  
9/4/2012S. James BishkinDirectorSell2,000$61.96$123,920.00View SEC Filing  
9/4/2012Stephen F MillsVPSell5,000$64.45$322,250.00View SEC Filing  
8/9/2012George J Still JrDirectorSell20,000$53.56$1,071,200.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Rackspace Hosting (NYSE:RAX)
DateHeadline
News IconStock Perspective: Rackspace Hosting, Inc (NYSE:RAX) Company Earnings Watch - Aiken Advocate (NYSE:RAX)
aikenadvocate.com - February 26 at 6:31 PM
News IconBrokers Release Average Price Target Of 26.33 On Rackspace Hosting, Inc (NYSE:RAX) - UK Market News (NYSE:RAX)
www.ukmarketnews.co.uk - February 25 at 1:41 AM
News IconWhat are Brokerage Firms Saying About Rackspace Hosting, Inc (NYSE:RAX)? - Aiken Advocate (NYSE:RAX)
aikenadvocate.com - February 23 at 7:36 PM
bizjournals.com logoEmail startup that helps businesses stay out of the spam folder spins out of Rackspace in $50M deal (NYSE:RAX)
www.bizjournals.com - February 22 at 9:30 AM
News IconWill This Stock Move with Earnings? The Sell-side chimes in on Rackspace Hosting, Inc (NYSE:RAX) Shares - Aiken Advocate (NYSE:RAX)
aikenadvocate.com - February 18 at 8:14 AM
News IconAre Analysts Optimistic About Where Rackspace Hosting, Inc (NYSE:RAX) is Heading? - Winfield Review (NYSE:RAX)
winfieldreview.com - February 15 at 12:26 AM
News IconAetna INC New (AET) Holder Blackrock Advisors LLC Increased Position as Stock Value Declined (NYSE:RAX)
randolphguide.com - February 1 at 10:46 PM
finance.yahoo.com logoMario Gabelli Comments on Rackspace Hosting Inc. (NYSE:RAX)
finance.yahoo.com - January 31 at 9:31 PM
News IconRackspace Hosting, Inc (NYSE:RAX) Under Analyst Spotlight - UK Market News (NYSE:RAX)
www.ukmarketnews.co.uk - January 28 at 7:37 PM
News IconAnalyst Consensus Estimates & Projections are in For Shares of Rackspace Hosting, Inc (NYSE:RAX) - Aiken Advocate (NYSE:RAX)
aikenadvocate.com - January 28 at 7:37 PM
News IconWhat is the Sell-side Saying About Rackspace Hosting, Inc (NYSE:RAX)? - Aiken Advocate (NYSE:RAX)
aikenadvocate.com - January 24 at 8:19 AM
News IconEarnings in Full Force, Analysts Take Aim at Rackspace Hosting, Inc (NYSE:RAX) - Wall Street Beacon (NYSE:RAX)
wsbeacon.com - January 24 at 8:19 AM
4-traders.com logoRackspace Hosting : Company Veteran Jeff Cotten Named President of Rackspace (NYSE:RAX)
www.4-traders.com - January 23 at 9:08 AM
News IconGearing Up For a Bull Run? Analysts Weigh in on Rackspace Hosting, Inc (NYSE:RAX) - Wall Street Beacon (NYSE:RAX)
wsbeacon.com - January 21 at 2:48 AM
News IconAnalysts Take the Wheel on Rackspace Hosting, Inc (NYSE:RAX) Shares and Where They Might Be Headed - Aiken Advocate (NYSE:RAX)
aikenadvocate.com - January 21 at 2:48 AM
bizjournals.com logoJungle Disk raises capital from investors to scale in San Antonio (Hint: Spurs) (NYSE:RAX)
www.bizjournals.com - January 18 at 8:06 PM
News IconWill The Needle Move For Rackspace Hosting, Inc (NYSE:RAX) Shares This Earnings Season? - Wall Street Beacon (NYSE:RAX)
wsbeacon.com - January 17 at 7:50 PM
News IconOwnership Action Alert: Institutional Investor's Anti-Rackspace Hosting Inc (NYSE:RAX) Sentiment In Q3 2016 - Baxley Report (NYSE:RAX)
baxleyreport.com - January 17 at 7:50 PM
bizjournals.com logoRackspace promotes one executive to president as another retires (NYSE:RAX)
www.bizjournals.com - January 10 at 9:05 PM
News IconAnalysts Watch Rackspace Hosting, Inc (NYSE:RAX) And Issue New Targets - NewsDen (NYSE:RAX)
newsden.net - January 6 at 8:13 PM
finance.yahoo.com logoRackspace Expands Multi-Cloud Networking Capabilities with Connectivity Through Megaport (NYSE:RAX)
finance.yahoo.com - December 14 at 9:17 PM
News IconRackspace Hosting, Inc (NYSE:RAX) Valuation According To Analysts - UK Market News (NYSE:RAX)
www.ukmarketnews.co.uk - December 14 at 12:51 AM
insidermonkey.com logoHas F.N.B. Corp (FNB) Become A Good Stock To Buy? (NYSE:RAX)
www.insidermonkey.com - December 5 at 9:33 AM
bizjournals.com logoMayor Taylor to speak at 2016 Tech Titans awards (NYSE:RAX)
www.bizjournals.com - December 1 at 7:22 PM
marketrealist.com logoWas LifeLock’s Sale Profitable for Elliott Management? (NYSE:RAX)
marketrealist.com - November 30 at 12:29 PM
bizjournals.com logoGuten Tag: Rackspace opening new data center in Germany (NYSE:RAX)
www.bizjournals.com - November 23 at 7:22 PM
finance.yahoo.com logoRackspace Opens First Data Centre In Continental Europe With New German Facility (NYSE:RAX)
finance.yahoo.com - November 23 at 10:15 AM
4-traders.com logoRackspace Hosting : Earns AWS Partner Network Distinction with 500 AWS Technical Certifications (NYSE:RAX)
www.4-traders.com - November 22 at 11:38 AM
publicnow.com logoRackspace Earns AWS Partner Network Distinction with 500 AWS Technical Certifications (NYSE:RAX)
www.publicnow.com - November 22 at 11:38 AM
finance.yahoo.com logoRACKSPACE HOSTING, INC. Financials (NYSE:RAX)
finance.yahoo.com - November 17 at 6:47 PM
News IconWhat are Research Firms Saying About Rackspace Hosting, Inc (NYSE:RAX)? - CSZ News (NYSE:RAX)
cincysportszone.com - November 11 at 9:56 AM
bizjournals.com logoRackspace's final public earnings report shows revenue is up, server count is down (NYSE:RAX)
www.bizjournals.com - November 10 at 6:58 PM
bizjournals.com logoHow much was Rackspace's Cloud Sites worth? — the price tag for Liquid Web (NYSE:RAX)
www.bizjournals.com - November 10 at 6:58 PM
News IconOutshines Stocks with Rosy Profitability Scores: Rackspace Hosting, Inc. (NYSE:RAX), Vonage Holdings Corporation ... - Street Wise Report (press release) (blog) (NYSE:RAX)
streetwisereport.com - November 10 at 10:15 AM
biz.yahoo.com logoRACKSPACE HOSTING, INC. Files SEC form 10-Q, Quarterly Report (NYSE:RAX)
biz.yahoo.com - November 9 at 7:03 PM
bizjournals.com logoA look at Rackspace's last earnings results before sale to private equity (NYSE:RAX)
www.bizjournals.com - November 9 at 7:03 PM
bizjournals.com logoBye bye, RAX: Rackspace completes sale to private equity firm (NYSE:RAX)
www.bizjournals.com - November 3 at 7:04 PM
News IconInvestor News: Lawsuit against Buyout of Rackspace Hosting, Inc. (NYSE:RAX) filed (NYSE:RAX)
www.groundreport.com - November 3 at 7:04 PM
finance.yahoo.com logo1:00 pm Index Changes Reminder: HealthSouth (HLS (NYSE:RAX)
finance.yahoo.com - November 3 at 7:04 PM
biz.yahoo.com logoRACKSPACE HOSTING, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Termination of a Material Def (NYSE:RAX)
biz.yahoo.com - November 3 at 7:04 PM
News IconNoticeable Stocks in the Spotlight: Columbia Pipeline Partners LP (NYSE:CPPL), Rackspace Hosting, Inc. (NYSE:RAX) - Investors News (NYSE:RAX)
newsemerging.com - November 3 at 11:18 AM
istreetwire.com logoStocks Under Review: SLM Corporation (SLM) Rackspace Hosting, Inc. (RAX) Potash Corporation of Saskatchewan ... - iStreetWire (NYSE:RAX)
istreetwire.com - November 3 at 11:18 AM
publicnow.com logoRackspace Completes Previously Announced Transaction with Affiliates of Funds Affiliated with Apollo Global Management to Become a Private Company (NYSE:RAX)
www.publicnow.com - November 3 at 11:18 AM
wsj.com logo[$$] Midsize Is the New Mega: Blackstone's Team Health Buyout Is Among 2016's Largest (NYSE:RAX)
www.wsj.com - October 31 at 6:50 PM
News IconEarnings According to Analysts for Rackspace Hosting, Inc (NYSE:RAX)? - CSZ News (NYSE:RAX)
cincysportszone.com - October 30 at 7:08 PM
wallstrt24.com logoTrend Analysis Report Ascena Retail Group Inc (NASDAQ:ASNA), Rackspace Hosting, Inc. (NYSE:RAX) - Wall Street 24 (NYSE:RAX)
wallstrt24.com - October 25 at 12:09 PM
News IconWell known Mover to Watch-Rackspace Hosting, Inc.'s (RAX) | Hot ... - Hot Stocks Point (NYSE:RAX)
www.hotstockspoint.com - October 25 at 12:09 PM
bizjournals.com logoRackspace promotes new international leader, looks to Europe for growth (NYSE:RAX)
www.bizjournals.com - October 24 at 6:41 PM
News IconRackspace Hosting, (NYSE:RAX), Opko Health, (NASDAQ:OPK) (NYSE:RAX)
canalcncarauca.com - October 22 at 11:01 AM
News IconHot Fact Under Analysts Views: Himax Technologies, Inc. (NASDAQ:HIMX), Rackspace Hosting, Inc. (NYSE:RAX) - Street Wise Report (press release) (blog) (NYSE:RAX)
streetwisereport.com - October 21 at 7:02 PM

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What is Rackspace Hosting's stock symbol?

Rackspace Hosting trades on the New York Stock Exchange (NYSE) under the ticker symbol "RAX."

Where is Rackspace Hosting's stock going? Where will Rackspace Hosting's stock price be in 2017?

18 equities research analysts have issued 12-month price targets for Rackspace Hosting's stock. Their predictions range from $20.00 to $33.00. On average, they anticipate Rackspace Hosting's stock price to reach $29.10 in the next twelve months.

When will Rackspace Hosting announce their earnings?

Rackspace Hosting is scheduled to release their next quarterly earnings announcement on Wednesday, November, 9th 2016.

How do I buy Rackspace Hosting stock?

Shares of Rackspace Hosting can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Rackspace Hosting stock cost?

One share of Rackspace Hosting stock can currently be purchased for approximately $31.99.

Rackspace Hosting (NYSE:RAX) Chart for Monday, February, 27, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Rackspace Hosting (NYSE:RAX)

Earnings History Chart

Earnings by Quarter for Rackspace Hosting (NYSE:RAX)

Dividend History Chart

Dividend Payments by Quarter for Rackspace Hosting (NYSE:RAX)

Last Updated on 2/27/2017 by MarketBeat.com Staff