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Stock Market & Financial Investment News

News Breaks
January 16, 2013
14:23 EDTRAXRackspace announces open source datacenter strategy
Rackspace Hosting unveiled plans to support and partner with Open Compute suppliers that provide open source datacenter solutions. Rackspace has contributed a server design to the Open Compute Project community and expects to announce plans later this year to purchase servers from Open Compute Project suppliers for one of the company’s new data centers. Rackspace is a founding member of the Open Compute Project and has worked closely with technology leaders who share a common vision for the future around open standards. As a founder of OpenStack, Rackspace’s work with the Open Compute Project aligns with this vision, the company said.
News For RAX From The Last 14 Days
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April 10, 2014
09:10 EDTRAXRackspace appoints Ryan Neading as Chief Information Officer
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April 4, 2014
10:19 EDTRAXRackspace calls active on renewed takeover chatter
Rackspace April weekly and traditional 33 calls are active on total call volume of 4,100 contracts (300 puts). April and May call option implied volatility is at 46, September is at 43; compared to its 26-week average of 43 according to Track Data. Active call option volume suggests traders taking positions for large price movement on renewed takeover chatter.
10:09 EDTRAXRumor: Rackspace moves up on renewed takeover chatter
April 2, 2014
07:51 EDTRAXSeveral communications companies could be bought, says Oppenheimer
Oppenheimer says that the following communications companies could become takeover targets: T-Mobile (TMUS), DirecTV (DTV), DISH (DISH), Level 3 (LVLT), tw telecom(TWTC), and Rackspace (RAX). The firm calls T-Mobile "a prime target," and thinks the company has several potential suitors and is best positioned to benefit from current trends. Oppenheimer expects the major surviving companies in the space to be Comcast (CMCSA), AT&T (T), Verizon (VZ), and Sprint (S). It keeps Outperform ratings on T-Mobile, Rackspace, Comcast, and Verizon. It has Perform ratings on Level 3, tw telecom, and Sprint.

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