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Stock Market & Financial Investment News

News For EQIX;RAX From The Last 14 Days
Check below for free stories on EQIX;RAX the last two weeks.
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September 17, 2014
09:36 EDTRAXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL WFM X YHOO TSLA TWTR RAX SHLD SPLS
09:35 EDTRAXRackspace tumbles after it concludes search for buyer, levels to watch
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09:10 EDTRAXOn The Fly: Pre-market Movers
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09:09 EDTRAXRackspace sell-off a buying opportunity, says Credit Suisse
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08:20 EDTRAX, RAXRackspace downgraded to Sell from Underperform at CLSA
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06:13 EDTRAXRackspace volatility expected to move on remaining independent, ends review
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September 16, 2014
18:30 EDTRAXOn The Fly: After Hours Movers
UP AFTER EARNINGS: Apogee Enterprises (APOG), up 5.6% after reporting second quarter results and raising fiscal 2015 guidance. ALSO HIGHER: InspireMD (NSPR), up 18.5% after reporting positive trial results for CGuard... Boeing (BA), up marginally after NASA awarded the company with a $4.2B contract for commercial spaceflight to the International Space Station... U.S. Steel (X), up 7.9%% after updating third quarter outlook. DOWN AFTER EARNINGS: Adobe (ADBE), down 4.5% following third quarter results. ALSO LOWER: Rackspace Hosting (RAX), down 16.7% after ending strategic review and deciding to stay independent... Sunoco Logistics Partners (SXL), down 3.9% after filing to sell 7.7M shares of common stock... Aratana Therapeutics (PETX), down 7.8% after filing to sell common stock.
16:56 EDTRAXRackspace says goal during evaluation was maximizing shareholder value
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16:53 EDTRAXRackspace says will not do share buybacks at this time
Company says wants to remain flexible and that will consider share buybacks in the future There are acquisitions out there that they may prefer doing in cash. Comments from Rackspace conference call.
16:26 EDTRAXRackspace says on track for 'strong' Q3, 'comfortable' with guidance ranges
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16:23 EDTRAXRackspace falls 17.5% after ending review, deciding to stay independent
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16:22 EDTRAXRackspace to remain independent, ends review of alternatives
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16:20 EDTRAXRackspace to remain independent, ends review of alternatives
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16:17 EDTRAXRackspace names Taylor Rhodes as CEO
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September 15, 2014
15:54 EDTRAXRackspace Hosting calls active, CenturyLink said to have financing says blog
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15:46 EDTRAXCenturyLink said to have lined up financing for Rackspace, says Betaville blog
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10:56 EDTRAXOptions with decreasing implied volatility
Options with decreasing implied volatility: TRW ULTA GTAT FIVE RH LULU LE RAX ARCP BKS
09:59 EDTRAXOn The Fly: Analyst Downgrade Summary
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09:16 EDTRAXOn The Fly: Pre-market Movers
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06:53 EDTRAXRackspace downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Rackspace (RAX) to Neutral citing a balanced risk/reward following last week's rally in shares. The firm is skeptical of a potential takeover by CenturyLink (CTL) and keeps a $37 price target for the stock. JPMorgan says the current valuation already assumes a deal happens.
September 12, 2014
16:44 EDTRAXMarket ends week lower as investors fret over Fed statement
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11:03 EDTRAXOptions with increasing implied volatility
Options with increasing implied volatility: ADHD VNET AVNO RAX VALE NLY EWZ BBBY SYY GGP
September 11, 2014
11:29 EDTRAXOptions with increasing implied volatility
Options with increasing implied volatility: VNET AVNR GPRO RAX FTR JDSU PSEC APD SYY GGP
September 10, 2014
11:23 EDTRAXOptions with increasing implied volatility
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September 9, 2014
19:32 EDTEQIXEquinix resumed with a Buy at Stifel
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12:08 EDTRAXOptions with increasing implied volatility
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10:18 EDTEQIXDollar General listed among 5 largest long positions by Jana Partners
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08:27 EDTRAXCenturyLink could buy Rackspace for under $50/share, says Citigroup
Citigroup believes CenturyLink (CTL) could "financially digest" a potential acquisition of Rackspace (RAX) under $50 per share, using up to 50% in cash. Citi says that based on its initial basis, it would take a neutral view for a possible buyout under $40 per share, while adding that CenturyLink could trade lower if it were to pay more than $50 for Rackspace. Citi has a Neutral rating on CenturyLink with a $40 price target.
07:52 EDTRAXCenturyLink could be interested in Rackspace at right price, says UBS
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September 8, 2014
16:18 EDTRAXOn The Fly: Closing Wrap
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11:24 EDTRAXRackspace trades higher following report CenturyLink in talks to buy company
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10:58 EDTRAXCenturyLink would need to issue stock, raise debt to buy Rackspace, Re/code says
Following a Bloomberg report that said CenturyLink (CTL) is interested in buying Raxspace (RAX), Re/code's Arik Hesseldahl noted that CenturyLink has "practically no cash" and would have to issue stock and likely take on "significant debt" to make such an acquisition, though the author also noted that CenturyLink has a history of structuring such deals. However, Hesseldahl believes Rackspace remaining independent is still the "more likely scenario" than the company being bought. Reference Link
10:24 EDTRAXRackspace moves to resistance test on takeover speculation report
Bloomberg yesterday said in a report that sources indicated CenturyLink (CTL) was looking to acquire Rackspace Hosting (RAX). At the current price of $39.21, the stock is just under the $40 level which has been overhead resistance in the trading range in place since late last year. Support is at $38.28. A breakout above $40 would be bullish for future price.
09:12 EDTRAXOn The Fly: Pre-market Movers
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08:58 EDTRAXRackspace risk/reward remains compelling, says Wells Fargo
Wells Fargo says that even with some takeout speculation being priced into Rackspace (RAX)shares today following reports that CenturyLink (CTL) is in talks to buy the company, the risk/reward on the stock remains compelling. Wells believes Rackspace either gets acquired at a premium or stays independent and announces a share buyback of $900M. The firm keeps an Outperform rating on the name.
08:36 EDTRAXRackspace Hosting volatility expected to move on acquisition report
Rackspace Hosting (RAX) volatility is expected to move on CenturyLink (CTL) looking to acquire says Bloomberg, citing sources. Overall option implied of 37 is below its 26-week average of 46 according to Track Data, suggesting decreasing price movement.
September 7, 2014
16:22 EDTRAXCenturyLink said to seek Rackspace acquisition, Bloomberg says
Louisiana-based landline phone service provider CenturyLink (CTL), is looking to acquire cloud computing company Rackspace Hosting (RAX), says Bloomberg, citing sources. Sources say a deal may not be reached for Rackspace Hosting, which currently has a stock market valuation of $5.33B, added Bloomberg. Reference Link
September 4, 2014
08:03 EDTEQIXEquinix and XO Communications partner for multi-cloud solutions
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September 3, 2014
09:00 EDTEQIXEquinix Cogent should be bought at current levels, says Pacific Crest
Pacific Crest expects Equinix and Cogent to benefit from an accelerating trend of enterprises moving to the cloud.
06:39 EDTRAXRackspace volatility at low end of historic range
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