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The cloud and IT services provider agrees to be acquired and taken private by Apollo Global for $4.3 billion.
Rackspace (RAX) stock has surged in the past week and possesses very good energy, momentum and relative strength, according to TheStreet's Chris Versace and Bob Lang.
Rackspace's (RAX) stock earnings estimates were increased at Pacific Crest this morning after reporting higher-than-expected 2016 second-quarter results.