Rackspace Hosting Company Profile (NYSE:RAX)

About Rackspace Hosting (NYSE:RAX)

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
  • Symbol: NYSE:RAX
  • CUSIP: 75008610
  • Web: www.rackspace.com
Average Prices:
  • 50 Day Moving Avg: $31.99
  • 200 Day Moving Avg: $31.90
  • 52 Week Range: $19.65 - $31.99
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 30.47
  • P/E Growth: 0.00
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%
Misc:
  • Beta: 1.55
 

Frequently Asked Questions for Rackspace Hosting (NYSE:RAX)

What is Rackspace Hosting's stock symbol?

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

How were Rackspace Hosting's earnings last quarter?

Rackspace Hosting, Inc. (NYSE:RAX) posted its quarterly earnings data on Monday, May, 9th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.22 by $0.12. The firm earned $518 million during the quarter, compared to the consensus estimate of $519.08 million. Rackspace Hosting had a return on equity of 16.80% and a net margin of 7.39%. The firm's revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 EPS. View Rackspace Hosting's Earnings History.

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

13 brokers have issued 1-year price targets for Rackspace Hosting's stock. Their forecasts range from $25.00 to $33.00. On average, they anticipate Rackspace Hosting's stock price to reach $30.29 in the next year. View Analyst Ratings for Rackspace Hosting.

Who are some of Rackspace Hosting's key competitors?

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.

Analyst Ratings

Consensus Ratings for Rackspace Hosting (NYSE:RAX) (?)
Ratings Breakdown: 1 Sell Rating, 10 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.08)
Consensus Price Target: $30.29 (5.33% downside)

Analysts' Ratings History for Rackspace Hosting (NYSE:RAX)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
11/3/2016Deutsche Bank AGReiterated RatingEqual WeightN/AView Rating Details
8/30/2016Raymond James Financial, Inc.DowngradeMarket Perform -> Underperform$32.00N/AView Rating Details
8/29/2016Tigress FinancialDowngradeStrong-Buy -> NeutralN/AView Rating Details
8/29/2016Jefferies Group LLCBoost Price TargetHold$23.00 -> $32.00N/AView Rating Details
8/29/2016Wells Fargo & CoDowngradeOutperform -> Market PerformN/AView Rating Details
8/26/2016Cowen and CompanyDowngradeOutperform -> Market Perform$38.00 -> $32.00N/AView Rating Details
8/26/2016Needham & Company LLCReiterated RatingHoldN/AView Rating Details
8/26/2016William BlairDowngradeOutperform -> Market PerformN/AView Rating Details
8/26/2016JMP SecuritiesDowngradeOutperform -> Market PerformN/AView Rating Details
8/11/2016Royal Bank of CanadaReiterated RatingOutperform$26.00 -> $33.00N/AView Rating Details
8/10/2016Oppenheimer Holdings Inc.Reiterated RatingOutperform$30.00 -> $32.00N/AView Rating Details
8/9/2016FBN SecuritiesBoost Price TargetSector Perform$21.00 -> $26.00N/AView Rating Details
7/21/2016SunTrust Banks, Inc.Initiated CoverageNeutral$25.00N/AView Rating Details
5/10/2016Pacific CrestReiterated RatingHoldN/AView Rating Details
5/10/2016Credit Suisse Group AGReiterated RatingNeutral$20.00N/AView Rating Details
5/10/2016Morgan StanleyReiterated RatingEqual Weight$26.00N/AView Rating Details
3/27/2016Bank of America CorpReiterated RatingBuyN/AView Rating Details
2/17/2016JPMorgan Chase & Co.Lower Price TargetNeutral$34.00 -> $22.00N/AView Rating Details
2/17/2016Goldman Sachs Group IncLower Price TargetNeutral$24.00 -> $21.00N/AView Rating Details
2/17/2016Stifel NicolausDowngradeBuy -> HoldN/AView Rating Details
2/17/2016Barclays PLCDowngradeOverweight -> Equal Weight$35.00 -> $21.00N/AView Rating Details
11/10/2015Evercore ISIReiterated RatingHoldN/AView Rating Details
8/11/2015Canaccord GenuityReiterated RatingHold$42.00 -> $38.00N/AView Rating Details
8/11/2015KeyCorpLower Price TargetOverweight$58.00 -> $45.00N/AView Rating Details
(Data available from 5/27/2015 forward)

Earnings

Earnings History for Rackspace Hosting (NYSE:RAX)
Earnings by Quarter for Rackspace Hosting (NYSE:RAX)
Earnings History by Quarter for Rackspace Hosting (NYSE:RAX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
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)
2017 EPS Consensus Estimate: $1.25
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
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 and Institutional Ownership History for Rackspace Hosting (NYSE:RAX)
Insider Ownership Percentage: 15.50%
Institutional Ownership Percentage: 77.98%
Insider Trades by Quarter for Rackspace Hosting (NYSE:RAX)
Institutional Ownership by Quarter for Rackspace Hosting (NYSE:RAX)
Insider Trades by Quarter for Rackspace Hosting (NYSE:RAX)
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

Headline Trends for Rackspace Hosting (NYSE:RAX)
Latest Headlines for Rackspace Hosting (NYSE:RAX)
Source:
DateHeadline
finance.yahoo.com logoRackspace to acquire an East Coast tech company
finance.yahoo.com - May 26 at 6:21 AM
finance.yahoo.com logoSHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against Rackspace Hosting, Inc. (RAX) and Lead Plaintiff Deadline - July 10, 2017
finance.yahoo.com - May 24 at 7:50 PM
finance.yahoo.com logoRackspace names new CEO
finance.yahoo.com - May 24 at 7:50 PM
finance.yahoo.com logoFormer Rackspace CEO heads to the Windy City for new job
finance.yahoo.com - May 22 at 6:35 PM
businesswire.com logoINVESTOR ALERT: Brower Piven Encourages Shareholders Who Have Losses in Excess of $100,000 from Investment in Rackspace Hosting, Inc. to Contact Brower Piven before the Lead ...
www.businesswire.com - May 19 at 8:02 PM
finance.yahoo.com logoINVESTOR ALERT: Brower Piven Encourages Shareholders Who Have Losses in Excess of $100,000 from Investment in Rackspace Hosting, Inc. to Contact Brower Piven before the Lead Plaintiff Deadline in Class Action Lawsuit
finance.yahoo.com - May 19 at 8:01 PM
finance.yahoo.com logoEQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Rackspace Hosting, Inc.
finance.yahoo.com - May 19 at 12:17 PM
prnewswire.com logoSHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against Rackspace ... - PR Newswire (press release)
www.prnewswire.com - May 17 at 7:21 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have Losses In Excess Of $100,000 From Investment In Rackspace Hosting, Inc. (NYSE: RAX) To Contact Brower Piven Before The Lead Plaintiff Deadline
finance.yahoo.com - May 17 at 7:21 PM
finance.yahoo.com logoLabaton Sucharow LLP Files Class Action Lawsuit on Behalf of Rackspace Hosting, Inc. Investors
finance.yahoo.com - May 11 at 7:55 PM
feeds.benzinga.com logoLabaton Sucharow LLP Files Class Action Lawsuit on Behalf of Rackspace Hosting, Inc. Investors
feeds.benzinga.com - May 11 at 3:07 PM
americanbankingnews.com logoRackspace Hosting (RAX) Receiving Favorable Press Coverage, AlphaOne Reports
www.americanbankingnews.com - April 21 at 10:08 PM
americanbankingnews.com logoRackspace Hosting, Inc. (RAX) Downgraded by Vetr Inc. to "Buy"
www.americanbankingnews.com - April 17 at 9:51 PM
finance.yahoo.com logoIntel cuts funds for OpenStack at Rackspace
finance.yahoo.com - April 17 at 6:32 PM
bizjournals.com logoEmerus to Host Booth, Participate in Panel Discussion at Becker's Conference
www.bizjournals.com - April 12 at 1:36 PM
bizjournals.com logoRackspace co-founder and Geekdom Fund boosts Austin startup in new $15M round
www.bizjournals.com - March 27 at 3:19 PM
bizjournals.com logoNew Hulu corporate office could bring tech jobs to San Antonio
www.bizjournals.com - March 17 at 7:33 PM
bizjournals.com logoRackspace to sell customer support for Google's cloud offering
www.bizjournals.com - March 8 at 10:22 PM
benzinga.com logoWith Confidence In AWS Shaken, Who Could Benefit? - Benzinga
www.benzinga.com - March 2 at 8:26 AM
bizjournals.com logoEmail startup that helps businesses stay out of the spam folder spins out of Rackspace in $50M deal
www.bizjournals.com - February 22 at 9:30 AM
finance.yahoo.com logoMario Gabelli Comments on Rackspace Hosting Inc.
finance.yahoo.com - January 31 at 9:31 PM
bizjournals.com logoJungle Disk raises capital from investors to scale in San Antonio (Hint: Spurs)
www.bizjournals.com - January 18 at 8:06 PM
bizjournals.com logoRackspace promotes one executive to president as another retires
www.bizjournals.com - January 10 at 9:05 PM
finance.yahoo.com logoRackspace Expands Multi-Cloud Networking Capabilities with Connectivity Through Megaport
finance.yahoo.com - December 14 at 9:17 PM
bizjournals.com logoMayor Taylor to speak at 2016 Tech Titans awards
www.bizjournals.com - December 1 at 7:22 PM
bizjournals.com logoGuten Tag: Rackspace opening new data center in Germany
www.bizjournals.com - November 23 at 7:22 PM
finance.yahoo.com logoRackspace Opens First Data Centre In Continental Europe With New German Facility
finance.yahoo.com - November 23 at 10:15 AM
finance.yahoo.com logoRACKSPACE HOSTING, INC. Financials
finance.yahoo.com - November 17 at 6:47 PM
bizjournals.com logoRackspace's final public earnings report shows revenue is up, server count is down
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
www.bizjournals.com - November 10 at 6:58 PM
biz.yahoo.com logoRACKSPACE HOSTING, INC. Files SEC form 10-Q, Quarterly Report
biz.yahoo.com - November 9 at 7:03 PM
bizjournals.com logoA look at Rackspace's last earnings results before sale to private equity
www.bizjournals.com - November 9 at 7:03 PM
bizjournals.com logoBye bye, RAX: Rackspace completes sale to private equity firm
www.bizjournals.com - November 3 at 7:04 PM
finance.yahoo.com logo1:00 pm Index Changes Reminder: HealthSouth (HLS) will replace Rackspace
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
biz.yahoo.com - November 3 at 7:04 PM
wsj.com logo[$$] Midsize Is the New Mega: Blackstone's Team Health Buyout Is Among 2016's Largest
www.wsj.com - October 31 at 6:50 PM
bizjournals.com logoRackspace promotes new international leader, looks to Europe for growth
www.bizjournals.com - October 24 at 6:41 PM

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Rackspace Hosting (RAX) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by MarketBeat.com Staff