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Last $31.42 USD
Change Today +0.47 / 1.52%
Volume 642.3K
RAX On Other Exchanges
Symbol
Exchange
Berlin
As of 11:28 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

rackspace hosting inc (RAX) Key Developments

Brigade Powers Political App With Rackspace Onmetal(r) Cloud Servers

Rackspace Hosting, Inc. announced that Brigade, is using Rackspace OnMetal Cloud Servers powered by OpenStack(R). Cloud-like dedicated OnMetal servers allow Brigade to power its omnichannel app with speed, stability and reliability. Brigade uses the latest social and mobile technology to engage ordinary citizens in government through topics like issue advocacy and elections. The app helps people come together to declare their beliefs and values, get organized with likeminded people and take action together. Since moving its databases to Rackspace OnMetal Cloud Servers in November 2014, Brigade's query times have reduced more than 97%, from 7.3 seconds to 200 milliseconds. By using Rackspace OnMetal Cloud Servers, Brigade reduces cloud complexity by avoiding the need to compensate for multi-tenant performance limitations and increases reliability with SSD boxes. Brigade's application can easily process 25% more jobs/second with leaner resources on OnMetal compared to the company's previous infrastructure. And, with Fanatical SupportA(R), Brigade can focus on innovating and growing its core business while Rackspace experts manage the backend infrastructure.

Rackspace Reports Unaudited Consolidated Earnings for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter, Fourth Quarter and Full Year 2015

Rackspace reported unaudited consolidated earnings for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net revenue of $489.4 million compared to $441.2 million a year ago. Income from operations was $43.7 million compared to $33.9 million a year ago. Income before income taxes was $43.2 million compared to $33.5 million a year ago. Net income was $29.2 million or $0.20 per diluted share compared to $22.5 million or $0.16 per diluted share a year ago. Net cash provided by operating activities was $122.9 million compared to $124.5 million a year ago. Purchases of property and equipment were $104.7 million compared to $114 million a year ago. Adjusted EBITDA was $162 million, up 14.2% from the second quarter of 2014. For the six months, the company reported net revenue of $969.6 million compared to $862.2 million a year ago. Income from operations was $88.1 million compared to $73 million a year ago. Income before income taxes was $85.2 million compared to $72.4 million a year ago. Net income was $57.6 million or $0.40 per diluted share compared to $47.9 million or $0.33 per diluted share a year ago. Net cash provided by operating activities was $268.2 million compared to $266.2 million a year ago. Purchases of property and equipment were $197.2 million compared to $199 million a year ago. The company provided earnings guidance for the third quarter, fourth quarter and full year 2015. For the third quarter of 2015, the company expects revenue to grow between 2.0% and 3.5% on a constant currency basis and adjusted EBITDA margins to be between 33% and 34%. For the fourth quarter of 2015, the company expects revenue to grow between 2.0% and 3.5%, on a constant currency basis. The company expects adjusted EBITDA margins to be between 33% and 34%. For the full year, the company expects revenue to grow between 12% and 14%, on a constant-currency basis. The company expects adjusted EBITDA margins to be between 33% and 34%.

Rackspace Hosting, Inc., Q2 2015 Earnings Call, Aug 10, 2015

Rackspace Hosting, Inc., Q2 2015 Earnings Call, Aug 10, 2015

Rackspace Hosting, Inc. to Report Q2, 2015 Results on Aug 10, 2015

Rackspace Hosting, Inc. announced that they will report Q2, 2015 results at 4:30 PM, US Eastern Standard Time on Aug 10, 2015

Rackspace Expands Service Offering for Microsoft Product Portfolio with Fanatical Support® for Microsoft® Azure™

Rackspace announced that it has expanded its service offering for its Microsoft product portfolio with Fanatical Support® for Microsoft® Azure™. The company will work with customers to help them speed their deployment of Azure, minimize costs and optimize performance. Rackspace engineers will provide application and infrastructure architecture guidance, making it easy for customers to succeed with Azure. The company will also offer hybrid cloud solutions that combine Rackspace Private Cloud powered by Microsoft's Cloud Platform and Azure. Rackspace will work with customers to understand their requirements and create solutions that incorporate and maximize the latest Azure technologies.

 

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RAX

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Valuation RAX Industry Range
Price/Earnings 37.8x
Price/Sales 2.4x
Price/Book 3.6x
Price/Cash Flow 8.9x
TEV/Sales 2.1x
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