Tag Archives: lead tech

Rackspace Q1 Revenue Outlook Light On FX Headwinds

Rackspace Hosting late Tuesday reported Q4 earnings that topped views, but revenue and Q1 sales guidance missed estimates. Shares of Rackspace (RAX), which provides cloud computing and Web hosting services, were down 4% in after-hours trading after the earnings release. “Q1 looked a bit light on guidance,” Tim Horan, an analyst at Oppenheimer, told IBD via email. Rackspace said earnings rose 86% from the year-earlier quarter to 26 cents a share,

Sony Betting Streaming Video Puts Its Comeback Into Focus

Sony could be the comeback kid in a fighting video game: On Feb. 5, the company reported better-than-expected December-quarter results and upgraded its financial outlook for the fiscal year, which ends on March 31. Sony’s (SNE) U.S. stock bounced 11% on the news and is up more than 60% the past 12 months despite November’s cyberattack on its film studio. Friday, Sony stock touched a nearly four-year high. Questions over the restructuring linger,

New Relic Q3 Beats In Recent Cloud IPO’s First Report

New Relic showed some muscle in its first earnings report since the cloud software company made its initial public offering in December. The software maker late Thursday posted fiscal Q3 earnings and revenue that soundly beat analyst expectations, as it starts to compete more directly with larger rivals like Hewlett-Packard (HPQ) and IBM (IBM) in application performance management software. Its outlook also exceeded views. New Relic (NEWR) stock