New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 16, 2014
08:52 EDTRAXRackspace should be bought, says JMP Securities
JMP Securities said Rackspace should be bought following last night's disclosure the company is exploring strategic options. The analyst said this, combined with re-accelerating fundamentals and unique assets, should attract interest from multiple bidders and believes shares could more than double from current levels. The firm maintains its Buy rating and $67 price target.
News For RAX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 6, 2015
09:18 EDTRAXRackspace announces agreement with Amazon Web Services
Rackspace (RAX) announces an agreement with Amazon Web Services (AMZN), under which Rackspace will offer "tools, expertise, application management, and operational support" to customers on the AWS Cloud. The core offering, Fanatical Support for AWS, plus three additional beta offerings -- Managed Security for AWS, Compliance Assistance for AWS, and Managed Cloud for Adobe Experience Manager -- reflect Rackspace's "strategy of delivering best in class expertise and support for the world's leading technologies and platforms," it stated. Rackspace also has become an Amazon Web Services authorized reseller, completed the audit to become a Managed Services Partner, and is joining the AWS Partner Network at the Advanced Consulting Partner level with over 100 certified AWS engineers.
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

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use