Tag Archives: rax

Google Cloud Push Hits Rackspace, Amazon Stocks

Shares of Rackspace Hosting (RAX), Amazon.com (AMZN) and Digital Realty Trust (DLR) fell on news Google (GOOG) has expanded its push into cloud computing services. Google announced commercial availability of its cloud computing service and price cuts in a blog post late Monday. Rackspace stock was down 2% in midday trading in the stock market today, while data center operator Digital Realty’s stock was down 4%. Amazon stock also was down nearly 2%

Rackspace EPS Miss, Capital Spending Hike Hits Stock

Rackspace Hosting (RAX) stock fell Tuesday after it missed Q3 EPS expectations and forecast higher capital spending. The provider of website hosting and cloud-computing services late Monday reported Q3 profit of 11 cents per share, down 42% from the year-earlier quarter, and below the 16 cents expected by analysts polled by Thomson Reuters. Rackspace stock was down 12% in midday trading on the market Tuesday, at a three-month low near 43.50.