Last $50.47 USD
Change Today -0.28 / -0.55%
Volume 1.7M
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As of 3:14 PM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

rackspace hosting inc (RAX) Snapshot

Open
$50.75
Previous Close
$50.75
Day High
$51.72
Day Low
$48.70
52 Week High
02/18/15 - $52.45
52 Week Low
05/9/14 - $26.18
Market Cap
7.1B
Average Volume 10 Days
1.7M
EPS TTM
$0.78
Shares Outstanding
141.5M
EX-Date
--
P/E TM
64.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for RACKSPACE HOSTING INC (RAX)

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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: $374.9K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $359.6K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $363.3K
Consultant
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2013.

rackspace hosting inc (RAX) Key Developments

Rackspace Hosting, Inc. Announces Board Changes

On February 18, 2015, S. James Bishkin and Mark P. Mellin, both Class I Directors, provided notice to the company that they have decided not to run for reelection at the next annual meeting of the company's stockholders which is expected to be held in May of 2015. Both directors noted their desire that fresh perspectives and viewpoints continue to guide the company at the Board of Directors level, as well as their extended tenures, as the bases for their decisions.

Rackspace Hosting, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015

Rackspace Hosting, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. Net revenue for the fourth quarter of 2014 was $472 million, up 15.8% from the fourth quarter of 2013. On a constant currency basis, net revenue grew 16.4% from the fourth quarter of 2013. Adjusted EBITDA for the quarter was $165 million, up 25.3% from the fourth quarter of 2013. Net income for the fourth quarter was $36.9 million, for a margin of 7.8%, up from 5.1% in the fourth quarter of 2013. For the fourth quarter of 2014, cash flow from operating activities was $151 million, capital expenditures were $105 million, and Adjusted Free Cash Flow was a record $55 million. Return on Capital was 15.5% in the fourth quarter of 2014 compared to 9.6% in the fourth quarter of 2013. Income from operations was $50,005,000 against $27,157,000 a year ago. Income before income taxes was $49,304,000 against $26,906,000 a year ago. Diluted earnings per share for the period were $0.26 compared to $0.14 per share a year ago. Return on assets was 8.8% against 5.7% a year ago. For the full year, the company reported net revenue of $1,794,357,000 against $1,534,786,000 a year ago. Income from operations was $163,529,000 against $133,136,000 a year ago. Income before income taxes was $159,604,000 against $130,759,000 a year ago. Net income was $110,553,000 or $0.77 per diluted share against $86,737,000 or $0.61 per diluted share a year ago. Net cash provided by operating activities was $542,510,000 against $44,060,000 a year ago. Purchases of property and equipment were $430,335,000 against $452,596,000 a year ago. Adjusted EBITDA was $605,418,000 against $505,788,000 a year ago. Total capital expenditures were $435,139,000 against $472,089,000 a year ago. Return on capital was 12.2% against 11.0% a year ago. Return on assets was 6.9% against 6.2% a year ago. Adjusted free cash flow was $162,535,000 against $27,237,000 a year ago. For the full year 2015, the company expects revenue to grow between 14% and 18% on a constant currency basis. Based on foreign currency movements to date, the company anticipates a 200 basis point headwind to revenue growth for the full year of 2015, resulting in GAAP revenue in the range of $2.0 billion to $2.1 billion. The company expects adjusted EBITDA margins to be between 33% and 36% for the year. For the first quarter of 2015, the company expects the revenue to grow between 2% and 3.5% on a constant currency basis. Based on foreign currency movements to date, the company anticipates a 100 basis point headwind to revenue growth in the first quarter, resulting in GAAP revenue in the range of $477 million to $484 million. The company expects adjusted EBITDA margins to be between 32% and 34% for the first quarter.

Rackspace Appoints John Harper to the Board of Directors

Rackspace announced that John Harper has joined the company's board of directors. Harper brings more than 30 years of experience in the technology, healthcare and financial services industries. Most recently, Harper served as Vice President and Chief Financial Officer of Dell Services.

 

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RAX

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Valuation RAX Industry Range
Price/Earnings 66.2x
Price/Sales 4.0x
Price/Book 6.7x
Price/Cash Flow 15.1x
TEV/Sales 3.8x
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