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Rackspace Hosting, Inc. Kills Merger Plan, Stock Tumbles
Tuesday, September 16, 2014 - 4:53pm | 269Read More...Rackspace Hosting, Inc. (NYSE: RAX) tumbled in extended trading Tuesday after the company said it will remain independent despite "entertaining various proposals" from suitors. Rackspace traded recently down 16 percent to $32.92 per share. The company also said it won't...
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Rackspace's In-Line Q4 And Lanham Napier Departure Frustrates Investors
Monday, February 10, 2014 - 6:02pm | 684Read More...Rackspace (NYSE: RAX) is once again feeling the brunt of frustrated investors, plunging more than 14 percent Tuesday after news of its CEO departure overshadowed the company's inline results. By all accounts, Rackspace has shown improvement over the third quarter. The total server count increased...
