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Rackspace Hosting (NYSE:RAX) will be issuing its Q114 quarterly earnings data on Monday, May 12th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $419.63 million for the quarter.

Rackspace Hosting (NYSE:RAX) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $408.00 million for the quarter, compared to the consensus estimate of $404.56 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, analysts expect Rackspace Hosting to post $0.62 EPS for the current fiscal year and $0.85 EPS for the next fiscal year.

Shares of Rackspace Hosting (NYSE:RAX) opened at 26.64 on Friday. Rackspace Hosting has a 52 week low of $26.47 and a 52 week high of $54.20. The stock’s 50-day moving average is $30.91 and its 200-day moving average is $36.9. The company has a market cap of $3.778 billion and a P/E ratio of 44.11.

A number of research firms have recently commented on RAX. Analysts at Morgan Stanley upgraded shares of Rackspace Hosting from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 25th. They now have a $45.00 price target on the stock. They noted that the move was a valuation call. On a related note, analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Rackspace Hosting in a research note on Thursday, March 20th. Finally, analysts at Jefferies Group cut their EPS estimates on shares of Rackspace Hosting in a research note on Tuesday. They now have a “hold” rating and a $38.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $46.04.

Rackspace Hosting, Inc, is the open cloud company. The Company offers a diverse portfolio of cloud computing services, including public, dedicated and private cloud, and hybrid hosting.

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