This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

2 Stocks Hitting 52-Week Highs: Rackspace, Curtiss-Wright

NEW YORK ( TheStreet) -- Shares of Rackspace Hosting (RAX - Get Report) and Curtiss-Wright (CW - Get Report) reached 52-week highs on Tuesday.

Both of the companies received a buy rating from TheStreet Ratings.

Rackspace Hosting

The ccoud computing software maker reported fourth-quarter earnings Tuesday of $25 million, or 18 cents a share, on revenue of $283.3 million in revenue. Analysts were expecting earnings of 15 cents a share on revenue of $281 million.

The stock was upgraded to buy from hold by Benchmark analysts on Tuesday.

"Rackspace traded to $52 after-hours, or 16x 2012E [earnings before interest, taxes, depreciation and amortization]," Benchmark analysts wrote in a report Tuesday. "But as the pure-play cloud leader with robust operating momentum and 30% organic EBITDA growth, we believe the stock can go higher."

Shares of Rackspace hit a 52-week high Tuesday of $55.26. The stock's 52-week low of $30.34 was set on Oct. 4.

Rackspace has a forward P/E of 47.69; the average for Internet companies is 23.57. For comparison, Akamai (AKAM) and IAC/InterActiveCorp (IACI) both have lower forward P/Es of 20.65 and 14.08, respectively.

Thirteen of the 21 analysts have a buy rating on Rackspace. Seven analysts said it's a hold and one rated it a sell.

Rackspace gets a B grade from TheStreet Ratings and a $65.17 price target. The stock has increased 27.37% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CW $65.83 0.00%
RAX $19.94 0.00%
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs