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February 13, 2013
15:42 EDTARUN, VMW, BCOV, RAXCloud computing stocks lower after Rackspace Q4 results disappoint
A number of names associated with the cloud computing space are trading lower after Rackspace (RAX) reported Q4 results that missed analyst expectations last night. Rackspace, an open cloud company that offers enterprise-level hosting services to businesses, reported Q4 EPS of 21c against analyst estimates of 22c, on revenue of $352.9M against analyst estimates of $355.42M. Although revenue rose 25% in Q4 year over year, the rate of growth is seen as decelerating for the company. Stifel Nicolaus downgraded the company this morning to Hold from Buy, citing the slowdown in growth. In late day trading, Rackspace is down over 20% to $59.87. Other cloud computing names trading lower today include Brightcove (BCOV), down 1.6% to $6.74; Aruba Networks (ARUN), down 4.7% to $21.16; and VMware (VMW), down 3.08% to $74.35.
News For RAX;VMW;ARUN;BCOV From The Last 14 Days
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October 2, 2015
09:36 EDTVMWVMware downgraded to Negative from Mixed at OTR Global
September 30, 2015
06:14 EDTRAXRackspace expected to partner with Amazon, WSJ reports
Rackspace Hosting (RAX) is expected to partner with Amazon (AMZN) to make it easier for corporate customers to move computing operations to Amazon Web Services from their own facilities, The Wall Street Journal reports. According to two sources, the partnership, which is similar to an agreement Rackspace signed with Microsoft (MSFT) in July, will be announced at a conference for AWS users next week. Reference Link
06:12 EDTVMWEMC's Goulden: Breaking off VMware 'wrong thing to do,' Re/code reports
EMC (EMC) president David Goulden said his firm will try to maintain its complex corporate structure amid pressure to spin off its stake in VMware (VMW), Re/code reports. "We believe strongly that breaking up is the wrong thing to do," Goulden said in an interview at Re/code's Code/Enterprise Series event. Reference Link
September 23, 2015
10:26 EDTVMWEMC standstill agreement with activist expired on Sept. 1, Re/code reports
The standstill agreement between EMC (EMC) and activist investor Elliott Management expired on September 1, Arik Hesseldahl of Re/code reports, citing people familiar with the terms. EMC may have asked Elliott for an informal extension of the agreement as its board weighs its options since Elliott has yet to resume its public campaign of pushing for a breakup, Hesseldahl adds. Reference Link
September 22, 2015
08:08 EDTVMWVMware expands relationship with SAP
VMware (VMW) announced the expansion of its relationship with SAP (SAP). SAP and VMware plan to integrate the ACE approach to enable secure, instant deployment and login of SuccessFactors and Concur mobile applications on iOS and Android devices. The ACE community also announced today 21 new members, growing more than seven-fold since its inception in March 2015.
08:08 EDTVMWVMware extends Samsung partnership to include AirWatch
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