|Last Update: 05/17/13 - 4:03 PM EDT|
|YTD Performance: -46.57%|
|Previous Close: $40.28|
|52 Week Range: $38.30 - $81.36|
|Oustanding Shares: 138,112,858|
|Market Cap: 5,563,185,920|
|Qtr (06/13)||Qtr (09/13)||FY (12/13)||FY (12/14)|
|Number of Analysts||14||13||14||13|
|Growth Rate (Year over Year)||-21.03%||-19.43%||-12.29%||31.43%|
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RAX estimates were reduced given significantly lower than expected guidance, said Canaccord Genuity. The company's product transition is taking longer than expected. Price target goes to $40.
Beware of cramming all your funds in one basket.
Shares of RAX were downgraded to Market Perform, said Wells Fargo. Impacting the company is cloud computing which is somewhat cannibalizing managed hosting growth, as is reduced bandwith prices. Valuation range is now $47 to $52.
RAX estimates were reduced through 2014, JMP Securities said. Company is seeing lower sales. Outperform rating and new $78 price target.
From a technical standpoint, I am concerned about Deere and Rackspace.
Setting my sights on retail, network and storage, food and social media.
Contributor Ken Shreve takes a look at upcoming economic data and some high-profile earnings reports.
Now's a good time to pare down risk, meanwhile, keep your expectations in check until the ball drops.
RAX was initiated with an Overweight rating, JP Morgan said. $83 price target. Cloud computing remains a strong area for secular growth.