Rackspace Hosting, Inc. (RAX)

NYSE - NYSE Real Time Price. Currency in USD
31.94+0.02 (+0.06%)
At close: 4:00 PM EDT
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Prev Close31.92
Bid31.93 x 195000
Ask31.94 x 45500
Day's Range31.92 - 31.94
52wk Range15.05 - 32.14
1y Target EstN/A
Market Cap4.04B
P/E Ratio (ttm)28.12
Avg Vol (3m)3,860,764
Dividend & YieldN/A (N/A)
Earnings DateN/A
Trade prices are not sourced from all markets
  • American City Business Journals2 days ago

    Rackspace board pushed back on $386M in cuts, compromised at $100M

    More than $100 million in cost reductions proposed for Rackspace Hosting Inc. by the private equity company buying it may be just the beginning, records on file with the U.S. Securities and Exchange Commission show. In September, New York City-based Apollo Global Management LLC suggested cuts of $100 million to $120 million could be reached by April 2017 if such a process was launched right away. During a late September presentation, that consultant suggested to Rackspace's board of directors up to $386 million of cuts in operating and capital expenditures to reduce expenses and boost the tech company's profits.

  • American City Business Journals3 days ago

    Rackspace promotes new international leader, looks to Europe for growth

    San Antonio technology company Rackspace Hosting Inc. promoted a new leader to oversee business development for its managed cloud computing services outside the U.S., the company announced recently. Reinhard Waldinger has worked for Rackspace in its finance operations for more than a decade and previously was vice president of finance for its international division in Zurich, Switzerland. Beyond the U.S., Rackspace (RAX) has operations in London, Amsterdam, Hong Kong, Sydney and Mexico City.

  • Marketwired3 days ago

    Despite Security Fears, Open Source Is Fuelling Innovation and Cost Savings in UK Businesses

    External security threats cited as top challenge to open source adoptionHowever, vast majority that use some form of open source; almost all say it has become more professional over the past three years ...