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Rackspace Hosting (NYSE:RAX) was the recipient of unusually large options trading activity on Monday. Investors purchased 11,336 call options on the company, AnalystRatings.Net reports. This represents an increase of approximately 250% compared to the average volume of 3,241 call options.

A number of analysts have recently weighed in on RAX shares. Analysts at Davidson upgraded shares of Rackspace Hosting to a “neutral” rating in a research note on Monday, July 14th. Separately, 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. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $40.58.

Rackspace Hosting (NYSE:RAX) traded up 3.10% on Monday, hitting $31.31. 4,802,988 shares of the company’s stock traded hands. 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 $32.74 and its 200-day moving average is $33.75. The company has a market cap of $4.448 billion and a P/E ratio of 50.62.

Rackspace Hosting (NYSE:RAX) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $441.10 million for the quarter, compared to the consensus estimate of $437.00 million. Analysts expect that Rackspace Hosting will post $0.69 EPS for the current fiscal year.

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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