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Last $30.98 USD
Change Today -0.46 / -1.46%
Volume 3.4M
RAX On Other Exchanges
Symbol
Exchange
New York
As of 3:56 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

rackspace hosting inc (RAX) Snapshot

Open
$31.89
Previous Close
$31.44
Day High
$31.90
Day Low
$30.32
52 Week High
04/27/15 - $56.20
52 Week Low
08/24/15 - $26.87
Market Cap
4.4B
Average Volume 10 Days
3.9M
EPS TTM
$0.84
Shares Outstanding
142.3M
EX-Date
--
P/E TM
37.0x
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.

6,115 Employees
Last Reported Date: 08/10/15
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

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

 

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Industry Analysis

RAX

Industry Average

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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