Rackspace Hosting Inc. (RAX): Today's Featured Technology Winner
(
) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.1%. By the end of trading, Rackspace Hosting rose $1.32 (3.2%) to $42.01 on average volume. Throughout the day, 2,225,265 shares of Rackspace Hosting exchanged hands as compared to its average daily volume of 2,457,800 shares. The stock ranged in a price between $40.65-$42.37 after having opened the day at $40.73 as compared to the previous trading day's close of $40.69. Other companies within the Technology sector that increased today were:
(
), up 19.3%,
(
), up 19.0%,
(
), up 15.1% and
(
), up 13.8%.
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 $5.6 billion and is part of the computer software & services industry. Shares are down 45.2% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Rackspace Hosting a buy, 2 analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates Rackspace Hosting as a
. 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.
- You can view the full Rackspace Hosting Ratings Report.
On the negative front,
(
), down 30.0%,
(
), down 25.0%,
(
), down 8.9% and
(
), down 8.7% , were all laggards within the technology sector with
(
) being today's technology sector laggard.
- Use our technology section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider
(
) while those bearish on the technology sector could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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