Rackspace Hosting (RAX) Scheduled to Post Quarterly Earnings on Monday
Rackspace Hosting (NYSE:RAX) will issue its Q214 quarterly earnings data on Monday, August 11th. Analysts expect the company to announce earnings of $0.16 per share and revenue of $437.00 million for the quarter.
Shares of Rackspace Hosting (NYSE:RAX) opened at 29.94 on Friday. Rackspace Hosting has a 52 week low of $26.18 and a 52 week high of $54.20. The stock’s 50-day moving average is $32.92 and its 200-day moving average is $33.78. The company has a market cap of $4.254 billion and a P/E ratio of 50.20.
Several analysts have recently commented on the stock. Analysts at Davidson upgraded shares of Rackspace Hosting to a “neutral” rating in a research note on Monday, July 14th. On the ratings front, analysts at DA Davidson upgraded shares of Rackspace Hosting from an “underperform” rating to a “neutral” rating in a research note on Monday, July 14th. They now have a $33.00 price target on the stock, down previously from $43.00. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Rackspace Hosting has an average rating of “Hold” and an average target price of $40.69.
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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