NEW YORK (
) hit a new 52-week high Thursday as it is currently trading at $46, above its previous 52-week high of $45.93 with 439,394 shares traded as of 10:47 a.m. ET. Average volume has been 1.7 million shares over the past 30 days.
Rackspace Hosting has a market cap of $5.7 billion and is part of the
industry. Shares are up 45.8% year to date as of the close of trading on Wednesday.
Rackspace Hosting, Inc. operates in the hosting and cloud computing industry. It provides information technology (IT) as a service, managing Web-based IT systems for small and medium-sized businesses, as well as large enterprises worldwide. The company has a P/E ratio of 125.5, equal to the average internet industry P/E ratio and above the S&P 500 P/E ratio of 16.9.
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TheStreet Ratings rates Rackspace Hosting as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full
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