Tag Archives: rax

Video: Rackspace Revenue Tops, Execs Mum On Company Sale

Rackspace Hosting (RAX) late Monday reported Q2 profit flat from a year earlier, in line with views, as revenue rose 17%, ahead of expectations. Rackspace gave no update on a company sale on its earnings call. Shares in the cloud computing and Web hosting service company were little changed before the market open on the stock market today. San Antonio, Tex.-based Rackspace said it earned 16 cents per share, the same as a year earlier. Revenue

Rackspace Revenue Tops, Execs Mum On Company Sale

Rackspace Hosting (RAX) late Monday reported Q2 profit flat from a year earlier, in line with views, as revenue rose 17%, ahead of expectations. Rackspace gave no update on a company sale on its earnings call. Shares in the cloud computing and Web hosting service company were little changed before the market open on the stock market today. San Antonio, Tex.-based Rackspace said it earned 16 cents per share, the same as a year earlier. Revenue

Rackspace Said Better Off Selling Than Going Private

While Rackspace Hosting (RAX) reportedly is mulling going private, many investors continue to hope for a buyout, according to an analyst. Rackspace stock jumped 8% in midday trading Wednesday on a report early Wednesday from TechCrunch that Rackspace is considering going private after reviewing takeover bids from IBM (IBM) and Hewlett-Packard (HPQ). TechCrunch reported that the HP bid was for $43 a share. Rackspace is trading near 36.50 in the