1. As of noon trading, Rackspace Hosting ( RAX) is down $1.31 (-2.3%) to $55.98 on light volume Thus far, 727,667 shares of Rackspace Hosting exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $55.90-$57.69 after having opened the day at $57.52 as compared to the previous trading day's close of $57.29. 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 $7.9 billion and is part of the technology sector. The company has a P/E ratio of 76.1, above the S&P 500 P/E ratio of 17.7. Shares are down 22.9% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Rackspace Hosting a buy, no analysts rate it a sell, and 7 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 expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Rackspace Hosting Ratings Report now. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE If you are interested in one of these 4 stocks, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider iShares S&P NA Tech Software Idx ( IGV) while those bearish on the computer software & services industry could consider ProShares Ultra Short Technology ( REW). A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.