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Stock Market & Financial Investment News

News Breaks
May 13, 2014
07:31 EDTRAXRackspace reported solid Q1 results, says Wells Fargo
After Raxspace reported in-line Q1 revenue and higher than expected EBITDA, Wells Fargo thinks the company's slightly better than expected Q2 guidance was positive. The firm cut its price target range on the shares to $38-41 from $48-$51 but keeps an Outperform rating.
News For RAX From The Last 14 Days
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August 29, 2014
09:16 EDTRAXCowen says Rackspace most misunderstood stock firm covers
Cowen said Rackspace is the most misunderstood and mispriced stock in its coverage universe. They feel the company will not be sold but rather will partner with someone and will announce a stock buyback, which should offset some of the near term risk when the company announces it is not going to be sold. Cowen has an Outperform rating with a $57 price target on Rackspace.
August 26, 2014
07:29 EDTRAXRackspace growth improving, says Wells Fargo
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August 22, 2014
16:42 EDTRAXMarket finishes week higher on economic data, earnings
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16:20 EDTRAXOn The Fly: Closing Wrap
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13:40 EDTRAXRackspace off highs after Re/code says HP has no bid interest
The shares hit an intraday high at $34.75 and have moved lower after a report from Re/code said that HP (HPQ) has no interest in acquiring the company. Shares had moved up on a presumption of that interest. At the current price of $34.01 next support is at $33.17, the session low.
13:12 EDTRAXHP has no interest in acquiring Rackspace, Re/code reports
HP (HPQ) continues to have no interest in acquiring Rackspace (RAX), Arik Hesseldahl of Re/code reports, citing sources with direct knowledge of HP's plans. The move higher today in shares of Rackspace is being attributed to potential takeover interest from HP. Shares are off their highs, but remain up 2% to $33.90 in afternoon trading. Reference Link
13:09 EDTRAXHP has no interest in buying Rackspace, Re/code reports
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10:55 EDTRAXRackspace rallies 3%, or 86c, to $34.24
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10:34 EDTRAXRackspace management to meet with JMP Securities
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August 21, 2014
09:46 EDTRAXRackspace management to meet with JMP Securities
Group luncheon with management will be held in San Francisco on August 21 hosted by JMP Securities.
August 19, 2014
12:45 EDTRAXRackspace advances after Blue Harbour takes activist stake
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12:21 EDTRAXRackspace rises on activist stakes, levels to watch
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09:07 EDTRAXOn The Fly: Pre-market Movers
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08:35 EDTRAXRackspace may adopt more shareholder friendly structure, says Wells Fargo
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