- American City Business Journals•37 minutes ago
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 Journals•yesterday
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.
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 ...
Rackspace Hosting, Inc. (RAX)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||31.92 x 129700|
|Ask||31.93 x 44000|
|Day's Range||31.91 - 31.93|
|52wk Range||15.05 - 32.14|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||28.10|
|Avg Vol (3m)||3,846,710|
|Dividend & Yield||N/A (N/A)|