3. As of noon trading, Rackspace Hosting ( RAX) is down $1.33 (-3.5%) to $36.32 on average volume Thus far, 909,258 shares of Rackspace Hosting exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $36.16-$37.76 after having opened the day at $37.69 as compared to the previous trading day's close of $37.65. Rackspace Hosting, Inc., through its subsidiaries, provides cloud computing services, managing Web-based IT systems for small and medium-sized businesses, and large enterprises worldwide. Rackspace Hosting has a market cap of $4.9 billion and is part of the technology sector. The company has a P/E ratio of 46.2, above the S&P 500 P/E ratio of 17.7. Shares are down 49.3% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Rackspace Hosting a buy, 2 analysts rate it a sell, and 14 rate it a hold. TheStreet Ratings rates Rackspace Hosting as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity. Get the full Rackspace Hosting Ratings Report now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts