Separately, analysts at Stifel Nicolaus raised their price target on shares of Rackspace Hosting, Inc. from $45.00 to $50.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Also, analysts at The Benchmark Company raised their price target on shares of Rackspace Hosting, Inc. from $43.00 to $50.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock.
Shares of Rackspace Hosting, Inc. opened at 44.73 on Wednesday. Rackspace Hosting, Inc. has a 52 week low of $15.15 and a 52 week high of $46.49. The stock’s 50-day moving average is $42.21 and its 200-day moving average is $34.68. The company has a market cap of $5.717 billion and a price-to-earnings ratio of 127.80.
Rackspace Hosting, Inc. last announced its quarterly results on Monday, May 9th. The company reported $0.10 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.12 EPS by $0.02. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 28.60% on a year-over-year basis. On average, analysts predict that Rackspace Hosting, Inc. will post $0.13 EPS next quarter.
Rackspace Hosting, Inc. (Rackspace Hosting) operates in the hosting and cloud computing industry. The Company offers its products under the Fanatical Support brand. The Company’s services are sold to businesses in more than 120 countries. During the year ended December 31, 2009, the Company served more than 90,000 business customers and managed more than 56,000 servers, 1,600,000 e-mail accounts, and 259,000 cloud hosting domains. For the latest updates PRESS CTR + D or visit Stock Market news Today
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