Scalper1 News
Rackspace Hosting (RAX) stock Tuesday fell after the Web hosting and cloud service provider late Monday lowered its revenue guidance and reported Q2 revenue and EBITDA slightly below consensus. Rackspace also increased its stock buyback authorization to $1 billion from $500 million, planning to make half of the buybacks within six to nine months. Rackspace dropped 6% to a 12-month low below 30 in morning trading in the stock market today. Shares Scalper1 News
Scalper1 News