4. As of noon trading, Rackspace Hosting ( RAX) is down $0.76 (-1.1%) to $66.60 on light volume Thus far, 555,656 shares of Rackspace Hosting exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $66.20-$67.30 after having opened the day at $67.13 as compared to the previous trading day's close of $67.36.

Rackspace Hosting, Inc. 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 $9.5 billion and is part of the technology sector. The company has a P/E ratio of 96.0, above the S&P 500 P/E ratio of 17.7. Shares are up 56.6% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Rackspace Hosting a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Rackspace Hosting as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Rackspace Hosting Ratings Report now.

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