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Last $39.48 USD
Change Today -0.61 / -1.52%
Volume 6.5M
RAX On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

rackspace hosting inc (RAX) Snapshot

Open
$40.36
Previous Close
$40.09
Day High
$40.50
Day Low
$39.09
52 Week High
04/27/15 - $56.20
52 Week Low
08/12/14 - $28.80
Market Cap
5.6B
Average Volume 10 Days
3.2M
EPS TTM
$0.80
Shares Outstanding
142.8M
EX-Date
--
P/E TM
49.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for RACKSPACE HOSTING INC (RAX)

rackspace hosting inc (RAX) Related Businessweek News

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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.

5,964 Employees
Last Reported Date: 05/11/15
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 Extends its Contributor Agreement with CERN to Continue Creation of Reference Architecture and Operational Model for Federated Cloud Services

Rackspace has extended its contributor agreement with CERN to continue creation of a reference architecture and operational model for federated cloud services. Having previously developed identity authentication over multiple OpenStack clouds, the agreement extension will see Rackspace and CERN openlab extend the identity authentication concept to develop standardised templates for OpenStack cloud orchestration. It will allow customers to take a single action to spin up an environment across multiple cloud platforms. The agreement involves the creation of full multi-cloud open standard orchestration capability, dependent on shared installation images, to facilitate management of virtual machines in remote clouds. The CERN data centre presently stores more than 30 petabytes of data per year that is generated by the experiments on the Large Hadron Collider (LHC). The data is then made available to physicists through CERN's distributed computing infrastructure. With the agreement, Rackspace will be able to test future technology solutions in CERN's computing environment, which will help the company boost the development of future technology solutions to address real business and IT challenges. Rackspace said that it would continue funding a full time research fellow at CERN to help with the federation project and CERN would conduct service testing using Rackspace Public Cloud.

Rackspace Hosting, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Tax Rate Guidance for the Full Year of Fiscal 2015

Rackspace Hosting, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net revenue of $480.2 million against $421.0 million a year ago. Income from operations was $44.4 million against $39.1 million a year ago. Income before income taxes was $42.0 million against $38.9 million a year ago. Net income was $28.4 million or $0.20 per share basic and diluted against $25.4 million or $0.18 per share basic and diluted a year ago. Net cash provided by operating activities was $145.3 million against $141.7 million a year ago. Purchases of property and equipment were $92.5 million against $85.0 million a year ago. Adjusted EBITDA was $161.3 million against $139.6 million a year ago. Return on assets was 6.9% against 6.7% a year ago. Total capital expenditures were 90.2 million against $100.7 million a year ago. Adjusted free cash flow was $67 million and its cash balance increased by $62 million. The company provided earnings guidance for the second quarter and tax rate guidance for the full year of fiscal 2015. The company estimates its 2015 effective tax rate to increase to 33%, mainly due to the expiration of federal R&D tax credits. For the second quarter, the company announced that adjusted EBITDA margins are expected to be within the range of 32% to 34%. The company expects that its sales activities will improve during the second quarter and create higher revenue growth in the second half of the year. The company expects that its sales activities will improve during the second quarter and create higher revenue growth in the second half of the year.

Rackspace Hosting Opens New Data Centre and Expands Existing Data Centre in Australia

Rackspace Hosting announced the development of a new data centre and existing data hall expansion to serve growing demand from customers in Australia and New Zealand. The new data centre site will open in Sydney this May. In addition, Rackspace will secure a further data hall in their Sydney data centre, expected to open in late September. Based at a separate Sydney colocation facility, the new Rackspace offering will deliver onshore options for redundancy, backup and reduced latency for Australian and New Zealand based customers. The new environment also allows customers to set their own recovery point objective which delivers flexibility when backup occurs, either immediately or a specified frequency.

 

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Industry Analysis

RAX

Industry Average

Valuation RAX Industry Range
Price/Earnings 51.1x
Price/Sales 3.1x
Price/Book 5.0x
Price/Cash Flow 11.7x
TEV/Sales 2.9x
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