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Stock Market & Financial Investment News

News Breaks
August 18, 2014
17:41 EDTRAXBlue Harbour looks forward to ongoing dialogue with Rackspace on alternatives
Blue Harbour Group, which reported that it owns approximately 9.1M shares or 6.4% of Rackspace Hosting, issued the following statement: Todd R. Marcy, a Managing Director of Blue Harbour, stated, "Rackspace has built an incredibly valuable business with excellent long-term prospects that we believe are not reflected in the company's current share price. We believe the Board and management team are committed to closing this significant valuation gap. We look forward to a constructive, ongoing dialogue on the various alternatives Rackspace has to unlock and deliver meaningful shareholder value, whether as a standalone independent entity or pursuant to the current strategic review process."
News For RAX From The Last 14 Days
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October 27, 2014
10:00 EDTRAXOn The Fly: Analyst Upgrade Summary
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08:42 EDTRAXRackspace upgraded at BofA/Merrill
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06:53 EDTRAXRackspace upgraded to Buy from Neutral at BofA/Merrill

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