rackspace

Rackspace Hosting, Inc. (NYSE: RAX) announced Monday that the company has joined the Microsoft Corporation (NASDAQ: MSFT) Cloud OS Network. The deal means that Fanatical Support will now be available for the Microsoft Cloud Platform, including Windows Server with Hyper-V, System Center and Azure...

U.S. stocks were mostly lower as the tense situation in Ukraine was brought back in the spotlight following a report from NATO who observed an alarming rise in Russian forces near the Ukraine border. Speaking at Jackson Hole, Fed Chair Janet Yellen stated that 19 labor market indicators the Fed...

U.S. stocks rose to close the day with moderate gains despite a larger than expected increase in jobless claims. “The end of 2015 Q1 is still my preferred liftoff date,” St. Louis Fed President Jim Bullard told The Wall Street Journal. The end of the first quarter is ahead of the...

Will Rackspace (NYSE: RAX) find a buyer in 2014? Analysts are very skeptical. Trip Chowdhry, one of the tech industry's most vocal analysts, does not believe that any company will want to buy Rackspace unless it is offered at a steep discount ($10 to $15 a share). "Not at these levels...

U.S. stocks were mixed with the NASDAQ index declining after the Fed's Chief Janet Yellen suggested that some sectors are characterized by "stretched" valuations. In prepared remarks to the Senate Banking Committee, Yellen also claimed that interest rates could rise sooner and at...

U.S. stocks were little changed despite an ADP jobs report showing better-than-expected numbers. The ADP report comes ahead of the non-farm payrolls due on Thursday. Analysts are expecting the payrolls to confirm 212,000 jobs were added in June. The markets will close at 1:00 p.m. on Thursday...

U.S. stocks were mildly higher as the second quarter comes to an end on Monday, before the markets pause for the Fourth of July holiday. Economic data was light as investors showed little interest as consumer sentiment improved in June from May. Recommended: Will The Markets Be Bullied By The...

Microsoft's (NASDAQ: MSFT) new tablet promised a world of innovation, but it wasn't necessarily the tablet that investors expected to see last week. Instead of a seven-inch Surface, the company unveiled a tablet that was somewhat bigger than any it had developed before. In addition to...

Rackspace (NYSE: RAX) became an intriguing tech stock after the company announced that it had hired Morgan Stanley to evaluate its strategic alternatives. No one knows if a merger will actually occur. And if it does, the buyer is still a question mark, as there are many possible suitors. Ivan...

U.S. stocks rose sharply after minutes from the Federal Reserve eased concerns over when the central bank would raise interest rates. The decision to let go of the 6.5 percent unemployment rate threshold for raising interest rates was finalized in early March. Additionally, the Fed's minutes...

U.S. stocks fell on Tuesday as investors found a decline in consumer confidence as reason enough to keep stocks from moving higher. The S&P 500 retreated from its record all time high set yesterday but took a run above the 1,850 level in the late morning. The all time high for the index is...

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...

Shares of Rackspace Hosting (NYSE: RAX) fell more than seven percent following the opening bell on Tuesday. The reason for the sell off was attributed to investors concerns that Google's (NASDAQ: GOOG) announcement of lowering pricing for most of its cloud and server-related services can be viewed...

Rackspace (NYSE: RAX) was down more than seven percent in after hours trading, after announcing its third quarter results. The IT hosting company reported a Q3 EPS of $0.11, which may not compare to the Street estimate of $0.16. Revenue came in at $388.6 million, which may not compare to the...

What happened to the good old days when stocks were priced in fractions, brokers had a telephone handset on each ear, and tech companies were growth stocks? All of that, including the latter, has changed—at least to some extent. Technology stocks are supposed to be a trader’s dream. If you’re...