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Last $55.39 USD
Change Today +0.75 / 1.37%
Volume 2.2M
RAX On Other Exchanges
New York
As of 8:04 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

rackspace hosting inc (RAX) Snapshot

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04/27/15 - $56.20
52 Week Low
05/9/14 - $26.18
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rackspace hosting inc (RAX) Details

Rackspace Hosting, Inc., through its subsidiaries, provides cloud computing services and managing Web-based IT systems for small and medium-sized businesses and large enterprises worldwide. The company’s service offering combines hosting on dedicated hardware and on multi-tenant pools of virtualized hardware in a way that suits each customer’s requirements. Its public cloud services refer to pooled computing resources delivered on-demand over the Internet. The company offers cloud servers for computing; cloud sites for Website hosting; cloud block storage and cloud files for storage; cloud databases for hosting MySQL instances; cloud backup for file protection; cloud load balancers for traffic management; cloud monitoring for infrastructure control; cloud DNS for domain management; cloud networks for security enhancement; and cloud applications, including email, collaboration, and file back-ups. Its dedicated cloud services include customer management portal and other management tools for managing the data center, network, hardware devices, and operating system software; and private cloud services comprise a pool of computing resources for a particular customer. The company also provides hybrid hosting, which enables customers to utilize any combination of dedicated and pooled resources and to manage them through its RackConnect service. It sells its service suite through direct sales teams, third party channel partners, and online ordering. The company was founded in 1998 and is headquartered in San Antonio, Texas.

5,936 Employees
Last Reported Date: 03/2/15
Founded in 1998

rackspace hosting inc (RAX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $571.5K
Co-Founder, Executive Chairman, and Member of...
Total Annual Compensation: $375.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $531.5K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $396.2K
Vice President and General Counsel
Total Annual Compensation: $403.7K
Compensation as of Fiscal Year 2014.

rackspace hosting inc (RAX) Key Developments

Rackspace Launches UK Data Centre

Rackspace has unveiled its new UK data centre. Based in Crawley, West Sussex, the 130,000 square foot data centre will help to meet the growing demand for managed cloud services in the UK and Europe. The facility has been designed with the specific needs of Rackspace customers in mind, encompassing top speeds, availability and energy efficiency. The Crawley data centre was designed to maximise compatibility to and compliance with Open Compute Project standards. By using Open Compute Project designs, Rackspace has been able to realise outstanding scalability and energy efficiency opportunities in the hardware it deploys. The data centre delivers less weight, less waste and less wattage than traditional server designs. The new data centre, which is the size of two football fields and holds up to 50,000 physical servers, occupies a 15 acre site. The initial build was constructed in 15 months and took approximately 500,000 man hours. It provides 6MW capacity across two data suites, and will eventually comprise of four data suites with a total 12MW capacity. The site allows for further expansion up to 30MW, and a staggered build approach maximises year-on-year advances in technology and efficiency gains.

Rackspace Appoints Scott Crenshaw as Senior Vice President of Strategy and Product

Rackspace Hosting, Inc. named Scott Crenshaw as senior vice president of strategy and product, effective April 6, 2015. Crenshaw, who joins Rackspace from VeriSign, Inc., will oversee the company's corporate strategy, business development and product and engineering portfolio. He reports to Taylor Rhodes, president and CEO of Rackspace.

Rackspace Hosting Inc. Settles Lawsuit Involving its Corporate Headquarters

A high-profile lawsuit involving the corporate headquarters of Rackspace Hosting Inc., has ended quietly in a settlement. The lawsuit spurred a Texas Rangers raid and a highly publicized trial that resulted in the acquittal of developer Gary Cain. This month, Rackspace reached a mediated settlement of its 2009 lawsuit that alleged it was defrauded in a deal involving its headquarters at the former Windsor Park Mall by Gary Cain and his partners on the project, businessman Michael White and lawyer Jeremy Hebert, both of Louisiana, and their companies. Gary Cain was accused in the suit of using some of the $2.8 million for various personal expenses, including for items at Victoria's Secret, jewelry, veterinary charges, doctor bills and marina charges. He also bought a Sunset Road office condominium for nearly $267,000, the suit said. Rackspace also alleged that a parcel of land, dubbed the Firestone tract, was shifted to a company controlled by Gary Cain while the cost of the property was passed on to Rackspace. The Bexar Appraisal District website shows the property is currently owned by Windcrest Firestone LLC. Buddin Properties LLC, a company headed by White and named in the Rackspace suit, is listed as an officer of Windcrest Firestone. The civil action sparked a criminal investigation that included the Texas Rangers and the Bexar County district attorney's office executing a search warrant at Gary Cain's Sunset Road condominium in 2010. Rackspace's lawsuit spawned a web of litigation, including a defamation suit filed by Gary Cain against Windcrest seeking at least $400 million in damages. He ultimately dropped the claim.


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Price/Earnings 71.4x
Price/Sales 4.3x
Price/Book 7.2x
Price/Cash Flow 16.3x
TEV/Sales 4.1x

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