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Rackspace loses $1 billion in market value

2015-05-14 05:16:18| Telecom - Topix.net

Rackspace Hosting Inc. lost more than $1 billion in market value this after the company reported lower-than-expected earnings earlier this week, Bloomberg reported . San Antonio-based Rackspace , a cloud computing and hosting company, saw its share price drop 14 percent to $45.96 per share at the New York Stock Exchange at the close of trading on Tuesday.

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Rackspace loses $1 billion in market value

2015-05-14 00:42:13| IT Services - Topix.net

Rackspace Hosting Inc. lost more than $1 billion in market value this after the company reported lower-than-expected earnings earlier this week, Bloomberg reported . San Antonio-based Rackspace , a cloud computing and hosting company, saw its share price drop 14 percent to $45.96 per share at the New York Stock Exchange at the close of trading on Tuesday.

Tags: value market billion loses

 
 

Rackspace Hosting Profit Rises 12%

2015-05-12 06:57:08| IT Services - Topix.net

Shares of cloud-computing company Rackspace Hosting Inc. plummeted 13% in after-hours trading Monday, after the company lowered revenue expectations for the coming quarter. Rackspace, which had closed the day at $53.13, said it expected revenue for its second quarter, which will end in June, to be between $487 million and $492 million.

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Rackspace Hosting (RAX) Stock Falls in After-Hours Trading on Revenue Miss

2015-05-12 02:05:56| Telecom - Topix.net

Rackspace reported revenue of $480.2 million for the first quarter, up 14.1% from the year-ago quarter, but below analysts' estimates of $481.57 million. The company reported earnings of 20 cents a share for the quarter, in line with analysts' estimates for the quarter.

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Rackspace offering full support for Office 365

2015-05-07 20:32:56| Telecom - Topix.net

The new offering will enable customers to buy Office 365 for Business and Enterprise directly from San Antonio-based Rackspace with migration assistance and tier-one support. "Massive-scale platforms for infrastructure-as-a-service and software-as-a-service are carving out a permanent piece of the competitive landscape and Microsoft's Office 365 is one of those gaining steady traction," said Philbert Shih , managing director of structure research at Rackspace.

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