Following previous ticker characteristics, Rackspace Hosting, Inc. Current price level places the company’s stock about -74.86% from the 52-week high and 576.47% away from the 52-week low. The company’s 50-day average is $25.81 and its two hundred day average is $23.12. The stock volatility for week was 4.82% while for month was 4.54%.The stock, as of last close, traded 109.30% to its 52 week low and was changed -1.99% from its 52 week high. The stock’s market capitalization is 3.96B.
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Additionally, the company has a PE ratio of 12.66 and has EPS of 13.71. The company earned $489.40 million during the quarter, compared to the consensus estimate of $521.07 million. The company’s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 14.13% in the last 1 week, and is up 34.44% in the past 4 weeks.
A number of other equities analysts also recently weighed in on the stock. Analysts at Wells Fargo remain confident on the aforementioned deal, as the research firm believes that the acquisition of Rackspace by the private equity firm actually makes ideal sense. Cowen and Company downgraded shares of Rackspace Hosting from an outperform rating to a market perform rating and decreased their target price for the company from $38.00 to $32.00 in a research note on Friday.
Rackspace Hosting, Inc had its “sector perform” rating reiterated by analysts at FBN Securities. Finally, Jefferies Group reaffirmed a hold rating and set a $23.00 price target on shares of Rackspace Hosting in a report on Wednesday, August 10th. We make no recommendation that the securities of the companies profiled or discussed in on our website should be purchased, sold or held by investors. The company now has a consensus rating of Hold and a consensus price target of $28.25. Advisory Services Network LLC boosted its position in Rackspace Hosting by 10.3% in the second quarter. Creative Planning now owns 9,530 shares of the hosting company’s stock valued at $199,000 after buying an additional 1,870 shares during the last quarter. Creative Planning increased its position in shares of Rackspace Hosting by 24.4% in the second quarter. The ratio worsened, as 32 funds sold all Rackspace Hosting, Inc. shares owned while 90 reduced positions. Finally, Parametrica Management Ltd acquired a new position in shares of Rackspace Hosting during the second quarter worth $216,000. Ramsey Quantitative Systems now owns 21,073 shares of the hosting company’s stock valued at $455,000 after buying an additional 2,034 shares in the last quarter.
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Rackspace Hosting, Inc. (Rackspace) operates in the managed cloud segment of the business information technology (IT) market.
