Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
wrong board
Come on turn it around....
You still looking to get in at $47 or not?
Wow...looking to ? $48? PE 73 and no bottom in sight IMO...maybe $48 and then come back up some...
Wow...Market UP and RAX is DOWN PE 104 isn't helping...Looking to about 52 but if the market corrects, I'll be back in at 46-47 IMO!
Uh-Oh...insiders sellingand big market makers...cloud is growing but RAX has really outgrown the hype and will correct to about $47 now IMO. Then will be ripe to go back up IMO...
Rackspace Hosting is doing something right – many things, actually – as proven by its latest financial report that revealed hefty increases in customers, revenues, and profits.
----------------
The company started out small, and has only recently entered the ranks of large enterprises with its dedicated hosting and now cloud computing services based on the OpenStack cloud control freak. And it has not forgotten its own small-biz roots, as it is counting on SMBs from the world over to flock to its Rackspace Cloud for their computing, storage, and application services needs.
In the quarter ended in December, Rackspace had 205,538 customers, up 19.2 per cent from the year-ago period. Most of those customers are SMBs, even though the adoption of OpenStack in the Rackspace Cloud last year has the company getting its foot in the door for proofs-of-concept at large enterprises at a rate that was not possible two-and-a-half years ago, ahead of the formation of the OpenStack effort with NASA.
In a conference call with Wall Street analysts going over the fourth quarter and year-end numbers, CEO Lanham Napier said that the Rackspace Cloud has largely closed the gap with larger rival Amazon Web Services, and that was helping to drive business.
"We feel that we positioned ourselves well to lead the open cloud movement," Napier explained. "That's pretty powerful, and we think our path to greatness is open cloud and fanatical outcomes."
Rackspace's commitment to the "Open" part of OpenStack has been demonstrated with last year's formation of the OpenStack foundation, and the company has just made a commitment to use open source hardware based on modified Open Compute Project specs and manufactured by ODMs WiWynn, Quanta, and Delta.
As for fanaticism in tech support, Rackspace customers have to judge that for themselves. (For the record, El Reg is hosted at Rackspace, but I have no idea how well or poorly we are treated.)
In the fourth quarter, revenues at Rackspace rose even faster than customer count, jumping 24.6 per cent to $352.9m, but net income grew almost in synch with customer count growth, rising 19.5 per cent to $29.9m.
CFO Karl Pichler said that the profits would wiggle up and down more than in the past, when Rackspace was mostly involved in dedicated hosting, because cloud build-out is done ahead of demand but with dedicated hosting, and you buy the servers as you need them. People want cloud capacity instantly, and because the OpenStack variant of the Rackspace Cloud is new, the company has to build in some spare capacity.
Revenue will be a bit more wiggly, too, Napier warned.
"Growth in cloud is not linear," he explained. "It is a consumption model. And even though we have linear growth in the fourth quarter, it is not always going to be that way."
In the December quarter, dedicated cloud (which is what used to be called hosting and which is an annoying misnomer – but that's marketing for you) raked in $265.6m for Rackspace, up 18.1 per cent year-on-year. The public cloud, however, exploded by 49.4 per cent to $87.3m, and Napier said that most of that growth represented new customers adopting its new OpenStack-driven public cloud. Existing customers are gradually migrating to the new OpenStack platform from the quasi-proprietary cloud control freak used previously.
Employee count rose by 20.1 per cent to 4,852 in the past year, server count rose by only 13.4 per cent to 90,524, and average revenue per server increased for the 14th quarter in a row to $1,310 per box. That's a rise of 10 per cent in revenue per box, so you can see one of the effects of using virty infrastructure instead of dedicated hosting. Customer count outgrows server count, and as Rackspace shifts increasingly to what we presume are both denser and cheaper Open Compute machines, its cost per server should drop so its profit per server should rise – and its profit per customer should rise even faster.
For the full year, Rackspace brought in $1.31bn in sales, up 27.7 per cent, and net income rose even faster, shooting up 38 percent to $105.4m.
Rackspace doesn't do revenue guidance, but Pichler did say that the company was budgeting somewhere between $375m to $445m in capital expenditures for 2013. Of this, between $235m and $275m would be for IT equipment, $30m to $40m would be for expanding data center capacity (which costs about $5m per megawatt), $20m to $30m would be for expanding office space, and $90m to $100m would be for software development.
A lot of that software development has to do with OpenStack and related cloud services, of course, and there is probably some software that those of us on the outside don't know about that is not yet part of OpenStack – and may never be. ®
http://www.theregister.co.uk/2013/02/12/rackspace_q4_2012_numbers/
Uh-oh...200DMA broken to downside again PE 104...this will retrace about 10 dollars...at least... IMO...
200MA big support
Uh-oh. This isn't looking good They have leased machines! I'm not sure this will hold up IMO...looking for ~$52 next for support!
"Rackspace to Present at Investor Conferences in February and March"
They need better news than this headline.
Talk about being a good neighbor...
http://www.nytimes.com/2012/10/31/realestate/commercial/rackspace-revitalizes-a-defunct-mall-into-an-unorthodox-tech-campus.html?pagewanted=all&_r=0
"Rackspace agreed to pay $5 million for infrastructure improvements and also promised to make payments in lieu of property taxes to the local school district in an amount equivalent to what the district received when the mall was vacant. The Rackspace Foundation has also donated $2.5 million to the community, money that has gone primarily to the schools.
Moreover, the company has spent in excess of $100 million to transform the mall from an eyesore into an eccentric work space with a $40,000 two-story slide, a chessboard the size of a basketball court and conference rooms named after popular television game shows and breakfast cereals.
Shops and restaurants now encircle the mall, hoping to lure Rackspace employees, whose average salary is $69,000, far above the local average of $37,000. Stratford Land, a real estate development company based in Dallas, purchased 111 acres nearby in January, promising to build restaurants, shops and multifamily housing for Rackers."
---------
“Our headquarters is a representation of our values as a company,” Mr. Weston said. “We are ambitious, we are expansive, and we are unorthodox.”
Big RAX run today on the Cisco rumor. The air is getting kind of thin up here....
Nice steady rise throughout the day after investor presentation:
Rackspace® Hosting, Inc. (NYSE: RAX) has announced that Lanham Napier, Rackspace CEO, will present at the Credit Suisse Technology Conference Wednesday, November 28th at 11:30 a.m. MT in Scottsdale, Arizona. An audio webcast will be available at http://cc.talkpoint.com/cred001/112712a_ah/?entity=50_2NB3QV5.
Rackspace Q3 Profit Rises - Quick Facts
(RTTNews.com) - Rackspace Hosting Inc. (RAX) reported that its third-quarter net income rose to $27.20 million or $0.19 per share, from $19.98 million or $0.14 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.19 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenue for the third quarter of 2012 was $335.99 million, up 27% from $264.57 million in the third quarter of 2011. Seventeen analysts had consensus revenue estimate of $335.89 million for the quarter. Net revenue for the third quarter of 2012 was negatively impacted by currency exchange rates, when compared to the third quarter of 2011.
Total server count increased to 89,051 up from 84,978 servers at the end of the previous quarter, and total customers increased to 197,635, up from 190,958 at the end of the previous quarter.
07:03 EDT RAX, WMT Rackspace being used by Wal-Mart division, says William Blair
William Blair said its channel checks indicate Wal-Mart (WMT) is recruiting OpenStack engineers as it builds a global data analytics platform that will use OpenStack. William Blair believes the Wal-Mart division in charge of the project is using Rackspace (RAX), and thinks the opportunity can grow as the new platform is built out. The firm expects Rackspace management to comment on early OpenStack customer deployments when the company reports Q3 results in November and keeps an Outperform rating on the stock.
http://www.theflyonthewall.com/permalinks/entry.php/RAX;WMTid1716875/RAX;WMT-Rackspace-being-used-by-WalMart-division-says-William-Blair
New closing high today. Not seeing 'new' news to help account for today's move. RAX has been a great long term hold for me, and it will be interesting to see how Open Stack grows.
"The stock has gotten two upgrades today, that I can see, from Pacific Crest’s Michael Bowen, who raised his rating to Outperform from Sector Perform, with a $62 price target, and Jefferies & Co.’s Thomas Seitz raised his rating on the shares to Buy from Hold, and raised his price target to $65 from $54."
http://blogs.barrons.com/techtraderdaily/2012/08/08/rax-rises-10-pac-crest-jefferies-up-to-buy/?mod=yahoobarrons
Rackspace Hosting Reports Second Quarter 2012 Results
For the quarter ended June 30, 2012:
Net revenue of $319 million grew 29% year-over-year
Adjusted EBITDA (1) of $112 million grew 37% year-over-year
Achieved adjusted EBITDA margin of 35.1%, up from 33.0% year-over-year
Net income of $25 million grew 43% year-over-year
Rackspace's great OpenStack experiment nears lift-off
http://www.zdnet.com/rackspaces-great-openstack-experiment-nears-lift-off-7000000826/
Rackspace's move to the 2-year-old OpenStack cloud platform is poised to commence Aug. 1 and the transition is being closely watched as it'll affect everything from customer service to earnings to the company's position in the market.
RAX pr busy today
HeadlinesFilter
New Relic Joins the Rackspace Cloud Tools Marketplace to Support Open Cloud EcosystemMarketwire(Wed, Jul 18)
Xeround Cloud Database Joins the Rackspace Cloud Tools Marketplace to Support Open Cloud EcosystemMarketwire(Wed, Jul 18)
StillSecure Joins the Rackspace Cloud Tools Marketplace to Support Open Cloud EcosystemMarketwire(Wed, Jul 18)
Dome9 Makes Its Cloud Security Solution Available via the Enhanced Rackspace Cloud Tools MarketplaceMarketwire(Wed, Jul 18)
SendGrid Collaborates With Rackspace to Support Open Cloud EcosystemMarketwire(Wed, Jul 18)
Rackspace Launches New Marketplace to Extend Open Ecosystem of Cloud TechnologiesBusiness Wire(Wed, Jul 18
Clustrix Enters the Rackspace Partner ProgramMarketwire(Wed, Jul 18)
http://finance.yahoo.com/q?s=Rax&ql=1
RAX second quarter 2012 financial results on Tuesday, August 7, 2012 starting at 4:30 p.m. ET.
Jefferies downgraded Rackspace on expectations the company's growth could slow as it migrates to the OpenStack platform. The firm lowered its price target for shares to $54 from $64.
http://finance.yahoo.com/news/rackspace-downgraded-hold-buy-jefferies-101156175.html
05/15/12 Rackspace Hosting, Inc. at JMP Group Inc Research Conference
http://ir.rackspace.com/phoenix.zhtml?c=221673&p=irol-calendarpast
Rackspace Hosting's CEO Discusses Q1 2012 Results - Earnings Call Transcript
May 7, 2012 | about: RAX
http://seekingalpha.com/article/567711-rackspace-hosting-s-ceo-discusses-q1-2012-results-earnings-call-transcript
That author has hardly ever had a good thing to say about RAX, but I'm paying attention. I didn't listen to the call so I'll read the transcript later.
Here's another take, which talks about opening up OpenStack.
Rackspace Gets Punished for Being Smart
http://www.fool.com/investing/general/2012/05/08/rackspace-gets-punished-for-being-smart.aspx
Today's Disaster Could Just Be The Start
http://seekingalpha.com/article/569951-today-s-rackspace-disaster-could-just-be-the-start?source=email_rt_article&ifp=0
"Part of the problem is that market leader Amazon.com (AMZN) is determined to push new competitors to the side with highly-aggressive pricing that leaves little profit for anyone."
"Part of the problem is that Rackspace's OpenStack software isn't easy to connect with Amazon's. Amazon's APIs are practically an industry standard, and while OpenStack is promising its own AWS compatibility - Canonical's Ubuntu has already delivered - some analysts are beginning to wonder whether it can, indeed, take on competition from both Amazon and VMWare (VMW)."
Here’s Why Rackspace Shares Are Crashing 14%
http://wallstcheatsheet.com/stocks/heres-why-rackspace-shares-are-crashing-14.html/
Rackspace Hosting Earnings: Margins Expand, Misses Street Estimates
http://wallstcheatsheet.com/stocks/rackspace-hosting-earnings-margins-expand-misses-street-estimates.html/
Q1 2012 Rackspace Hosting, Inc. Earnings Conference Call
Monday, May 7, 2012 4:30 p.m. ET
consensus eps is 0.17 (high 0.19; low 0.15, by 17 analysts)
http://www.nasdaq.com/symbol/rax/earnings-forecast
"Rackspace briefly touched an all-time high on Tuesday, when it reached $59.43 a share. The same day, analysts at Canaccord Genuity initiated coverage with a "hold" rating. Anyone else mystified by that? Why initiate coverage and then fail to take a stand on behalf of investors?
Perhaps it doesn't matter. Both retail and institutional investors appear to be betting on a nice rally. Researcher optionMONSTER says deep-pocketed speculators bought more than 6,000 June calls with a strike price of $65 per share. The implication? Big Money bettors believe Rackspace will exceed $65 a share before summer is half over. As a shareholder, I'm hoping they're right."
http://www.fool.com/investing/high-growth/2012/03/31/5-more-tech-stocks-that-are-making-me-rich.aspx
March 31, 2012
well, there you go....back up to $58.85 or so...
RAX >> another nice plug on cnbc just now :)
==
4kids
all jmo
It figures. I bought yesterday at $58.10
:-/
Rackspace: Goldman Cuts Rating To Neutral On Valuation Basis
Goldman Sachs analyst Scott Goldman this morning cut his rating on Rackspace to Neutral from Buy on a valuation basis. He has a $57 target on the stock, which closed yesterday at $57.80.
“We remain positive on the opportunity in cloud computing and believe RAX is well positioned among peers, but we are disciplined on price given current valuation,” he writes in a research note. The stock is up 57.5% over the last 12 months, he points out.
“The long-term thesis for Rackspace remains intact as the company continues executing on its plan to drive cloud usage. With adoption still low, initiatives like OpenStack and Managed Cloud will broaden RAX’s addressable market to areas that are less susceptible to price competition from larger technology competitors,” he writes.
On the other hand, he contends that ” investors are less likely to be rewarded by further upside to Street numbers, as the gap between our estimates and consensus has narrowed meaningfully over the past two quarters and we believe investor expectations could be even more aggressive.”
Rackspace this morning is down $2.10, or 3.6%, to $55.70.
http://www.forbes.com/sites/ericsavitz/2012/03/22/rackspace-goldman-cuts-rating-to-neutral-on-valuation-basis/?partner=yahootix
Hidden Billionaires in Plain Sight Emerge As Stocks Rise
"American Graham Weston, 48,..... Weston owns about 15 percent of Rackspace Hosting Inc. (RAX), a provider of Web-based information-technology systems. His stock is worth almost $1.1 billion.
The company held its initial public offering in August 2008. Rackspace shares have surged more than 12-fold since hitting a low of $4 per share in February 2009, making Weston, the company’s largest shareholder, a billionaire.
Weston loathes talking about his wealth. After seeing glitzy dot-coms fail spectacularly a decade ago he, along with his Rackspace cohorts, decided to adopt what they call a no- stars policy.
“We said we wanted to be judged on our substance, not our flash,” Weston said in a telephone interview on March 14.
Weston has put some of his money -- he’s sold about $60 million of Rackspace stock since 2008 -- into helping entrepreneurs and local students. Weston and Rackspace employees have contributed $2 million in grants to spruce up local schools, fund mentoring programs and provide supplies.
“It’s a way for a corporation to interface in a philanthropic way, not just with money but with our own enthusiasm,” Weston said. “We really adopted a new model, which is the idea that a corporation takes accountability for the success of the schools around it and gets directly involved.”
http://www.bloomberg.com/news/2012-03-15/hidden-billionaires-in-plain-sight-emerge-as-stocks-rise.html?cmpid=yhoo
Rackspace Hosting Positioned as a Leader in the Leaders Quadrant of the Magic Quadrant for Managed Hosting Providers
“Magic Quadrant” Evaluation Based on Completeness of Vision and Ability to Execute
Rackspace Hosting (NYSE:RAX - News), the service leader in cloud computing, today announced that it has been positioned by Gartner, Inc. in the Leaders quadrant of the “Magic Quadrant for Managed Hosting.”1
The Gartner assessment, performed by the firm’s IT industry experts, evaluates providers based on the completeness of their vision and their ability to execute. It categorizes providers in quadrants labeled Niche Players, Challengers, Visionaries, and Leaders. Rackspace was among the 17 providers assessed by Gartner.
“The year 2011 has been fundamental in several major Rackspace initiatives with the formation of Rackspace Cloud Builders, providing consultative work around OpenStack, and the continued success and growth of RackConnect™, Rackspace’s hybrid hosting solution. We consider our leadership position in Gartner's Magic Quadrant for Managed Hosting providers as further confirmation that Fanatical Support provides great IT outcomes for our customers,” said Lanham Napier, CEO at Rackspace. “2012 is a critical and exciting year for us as we work to advance OpenStack and extend the quality of services we provide our customers. We are obsessed with building a great company, and we're doing the hard work to build the service leader in cloud computing.”
Rackspace is one of the few providers in the managed hosting market to offer hybrid hosting capabilities using its solution called RackConnect™. According to the report, “Most solutions for complex needs are hybrids, mixing different types of infrastructures to achieve cost-effectiveness, and to meet the customer's range of availability, performance, security and IT operations requirements. For instance, customers may need test and staging servers hosted on an IaaS platform, their front-end Web and application servers on utility hosting, and dedicated database servers. This has spurred providers to develop and productize hybrid hosting services that interconnect colocation, traditional hosting environments and cloud IaaS within unified networking and security contexts.”
http://ir.rackspace.com/phoenix.zhtml?c=221673&p=irol-newsArticle&ID=1671234&highlight=
Yesterday RAX at Ramond James Annual Institutional Investors Conference "...our touchstone event, and is one of the largest, oldest, and broadest investment conferences of its kind."
03/07/12 9:15 a.m. ET Rackspace Hosting, Inc. at Raymond James Institutional Investors Conference
Location Orlando, FL
http://ir.rackspace.com/phoenix.zhtml?c=221673&p=irol-irhome
Systech Integrators® Forms Strategic Relationship With Rackspace Hosting® to Offer Cloud Hosting Services for SAP® Enterprise Solutions
SAN JOSE, Calif., March 1, 2012 /PRNewswire/
http://www.prnewswire.com/news-releases/systech-integrators-forms-strategic-relationship-with-rackspace-hosting-to-offer-cloud-hosting-services-for-sap-enterprise-solutions-141039613.html
3 Top 'Cloud' Stocks to Own in 2012
(page 4 of article)
Although hardly a household name like rivals AT&T(T_) and Amazon(AMZN_), Rackspace has quietly carved out an impressive niche in the growing cloud market.
Unlike many of its competitors, Rackspace focuses solely on cloud computing, a strategy that has served it well. The San Antonio, Texas-based firm recently continued its run of strong quarterly results, putting out impressive fourth-quarter results.
Walravens of JMP Securities expects this upward trajectory to continue.
"Rackspace is poised for continued growth because the market opportunity is lightly penetrated (less than 5%) and because the 'cloud services leader' message continues to resonate with enterprises big and small," he said in a recent note. "We believe the company faces a massive market opportunity as companies look to a specialized cloud computing service provider to address their IT needs."
Around 80% of Rackspace's revenue comes from "dedicated" cloud services, or applications that the company hosts on servers devoted to specific customers. The remaining 20% of the firm's sales come from its pool of Rackspace hardware and software that's not specifically allocated to given customers.
Rackspace's total customers climbed to 172,510 at the end of the fourth quarter, up from 161,422 at the end of the prior quarter.
The company is also gearing up for a busy 2012, and is planning to launch a host of new products, such as server load balancing and database services, as well as a high-performance storage offering.
The cloud specialist clearly has plenty to offer investors in the future, as evidenced by its high price-to-earnings ratio of 97, indicating the potential for earnings growth. Rival AT&T, in contrast, has a price-to-earnings ratio of 46.
"The company's fanatical support message continues to resonate well with its customers," noted Walravens. The analyst, however, warned that Rackspace's biggest challenge is recruiting enough staff to support its growth.
Rackspace recently told TheStreet that it added 241 new hires during the fourth quarter, bringing its total workforce to around 4,000. The company is "hiring like crazy" at the moment, according to Bryan McGrath, the Rackspace vice president of finance.
TheStreeet Ratings rates Rackspace "buy."
--Written by James Rogers in New York.
http://investorshub.advfn.com/boards/post_new.aspx?board_id=16009
Rackspace can now supply Infrastructure-as-a-Service (IaaS) and higher level Platform-as-a-Service (PaaS) technologies to UK Government departments.
Rackspace is in the special position of being able to offer cloud services for both data processing and secure storage from its UK cloud data centre. As the government looks to address compliance and governance issues pertaining to the cloud, Rackspace also offers maximum levels of proximity with minimised latency.
http://ih.advfn.com/p.php?pid=nmona&article=51262269&symbol=RAX
Rackspace crossed the $1 billion revenue mark in 2011. "We are on pace to achieve another billion in a fraction of the time that it took our company to grow to its first billion," said CEO Lanham Napier.
http://beta.fool.com/erinannie/2012/02/14/two-words-buy-rackspace/1995/?source=eogyholnk0000001
SeekingAlpha: I Expect More From Rackspace Hosting
http://seekingalpha.com/article/365991-i-expect-more-from-rackspace-hosting?source=email_rt_article&ifp=0
BTW: I do not agree with the author's conclusion in this article. I post it only for information.
UPDATE: Rackspace Hosting 4Q Up 85% On Revenue, Margin Growth Date : 02/13/2012 @ 6:12PM
Source : Dow Jones News
Stock : Rackspace Hosting Inc. (RAX)
Quote : 49.23 0.72 (1.48%) @ 8:00PM
UPDATE: Rackspace Hosting 4Q Up 85% On Revenue, Margin Growth
PrintAlert
Rackspace Hosting, Common Stock (NYSE:RAX)
Today : Monday 13 February 2012
Rackspace Hosting Inc.'s (RAX) fourth-quarter earnings jumped 85% as it grew its customer base and sold more high-end offerings involving cloud computing.
The San Antonio-based data storage provider continued to benefit from businesses' push to manage technology resources more efficiently. Rackpace's cloud storage business--which allows companies to rent server capacity by the hour, paying only for what they use--again saw particular growth.
Looking to the current year, Rackspace expects "revenue growth and margin profile that is similar to our performance in 2011," Chief Executive Lanham Napier said on a conference call with analysts.
Shares jumped 5.8% to $52.10 in after-hours trading as the latest results beat analysts' expectations.
The company reported a profit of $25 million, or 18 cents a share, up from $13.5 million, or 10 cents a share, a year earlier. Revenue rose 32% to $283.3 million.
Analysts polled by Thomson Reuters most recently forecast a profit of 15 cents a share on revenue of $281 million.
"Dedicated cloud" revenue, which accounts for the bulk of the total, increased 23%. The smaller public cloud segment saw revenue jump 86%.
Rackspace ended the period with 172,510 customers, up from 130,291 a year earlier. Installed-base growth, a measure of revenue derived only from existing customers, was 1.2%, up from 0.6% a year earlier.
Operating margin rose to 36.1% from 33.5%.
Rackspace has added software and higher levels of service to its offering, seeking to stand out amid a crowded storage services field that includes rivals such as Amazon.com Inc. (AMZN) and Verizon Communications Inc. (VZ).
Napier said on the call that the company is benefiting from longtime customers taking on added services, which raises the company's profitability.
The stock, which hit an all-time high last week, is up 14% so far this year.
-By Matt Jarzemsky, Dow Jones Newswires, 212-416-2240; matthew.jarzemsky@dowjones.com
--Nathalie Tadena contributed to this article.
http://www.nasdaq.com/article/update-rackspace-hosting-4q-up-85-on-revenue-margin-growth-20120213-01392
Nice batch of headlines......
•Rackspace Hosting, Yingli rise after hoursat MarketWatch(Mon 6:06PM EST)
•Rackspace 4th quarter trumps Street estimatesat Reuters(Mon 5:27PM EST)
•RackSpace Up 5% on Q4 Beatat Barrons.com(Mon 5:19PM EST)
•Rackspace Hosting to Present at Investor Conferences in FebruaryBusiness Wire(Mon 5:14PM EST)
•Rackspace Up As Q4 EPS Jumps 80% On Cloud Servicesat Investor's Business Daily(Mon 5:07PM EST)
•Rackspace Revenue Growth Rolls Onat TheStreet(Mon 5:03PM EST)
•Rackspace Hosting Inc. Earnings: Beats EstimatesWall St. Cheat Sheet(Mon 4:59PM EST)
Rackspace Hosting Reports Fourth Quarter 2011 Results
For the quarter ended December 31, 2011:
Net revenue of $283 million grew 32% year-over-year and 7.1% from Q3 2011
Adjusted EBITDA (1) of $102 million grew 42% year-over-year and 16.2% from Q3 2011
Achieved adjusted EBITDA margin of 36.1%, up from 33.5% year-over-year and 33.3% in Q3 2011
Net income of $25 million grew 85% year-over-year and 25.3% from Q3 2011
http://finance.yahoo.com/news/Rackspace-Hosting-Reports-bwtmp-4159914625.html?x=0&.v=1&c=1
~ Monday! $RAX ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $RAX ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=RAX&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=RAX&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=RAX
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=RAX#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=RAX+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=RAX
Finviz: http://finviz.com/quote.ashx?t=RAX
~ BusyStock: http://busystock.com/i.php?s=RAX&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=RAX >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
Followers
|
9
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
306
|
Created
|
09/03/09
|
Type
|
Free
|
Moderators |
| ||||||||||||||||||
Fanatical Support® has made Rackspace the world's leading specialist in the hosting and cloud computing industry. We deliver enterprise-level hosting services to businesses of all sizes and kinds around the world. We got started in 1998 and since have grown to serve more than 130,000 customers, including over 110,000 cloud computing customers. Rackspace integrates the industry's best technologies for each customer's specific need and delivers it as a service via the company's commitment to Fanatical Support. Our core products include Managed Hosting, Cloud Hosting and Email & Apps. There are currently over 3,200 Rackers around the world serving our customers. | ||||||||||||||||||
Rackspace Leadership
|
The Fundamentals
Industry Leadership
Focus
| Expertise
Flexibility
Passion
|
Rackspace provides a portfolio of compute platforms, ranging from traditional Dedicated Managed Hosting to The Rackspace Cloud to Email & Apps. The best configuration for your business may span more than one platform. By mixing-and-matching compute platforms, Rackspace can help create the optimal compute solution for your business. About RackConnect™: How Does It Work?
Close Pane Every business has unique IT requirements, regardless of company size or type of organization. When considering hosting some element of your IT infrastructure, it is critical that your hosting provider's solution aligns well with the needs of your business and applications. Scalable Web Applications Dedicated Managed Hosting for high performance custom dedicated gear to handle intense database functions linked to Cloud Hosting to handle unpredictable traffic and storage needs.Major League Gaming SaaS Vendor/Reseller/Web Developer Combine Managed Hosting and Cloud Hosting to match your budget and all your customers' individual needs.Cramer Dev Dev/Test/Staging/Production Develop, test and stage code on the scalable and easy to deploy Cloud Hosting then promote code directly to your Dedicated Managed Hosting production environment.Inavero |
|
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |