SocialPicks Sentiment:
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This Quarter's Sentiment:
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SocialPicks Community
RAX ready
RAX
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+35.67%
in
127 days
Tech firm that had an issue with some servers recently was climbing prior to the issues the issues have been resolved. Think they've hit bottom and are ready to climb again.
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Cloud Computing
RAX
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+66.96%
in
470 days
Not only does rackspace provide all the server solutins, they also are one of the main people who are getting involved in cloud computing. i am sure that i kind of one of the future in managing all these servers and spaces.
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Nice Pair Of RAX
RAX
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-6.42%
in
2 days
(closed on 08/10/08)
As a software developer and project manager myself, I was naturally attracted to this IPO. Rackspace has been around for years, they provide server management and hosting services. In short, they provide the physical location, security and data pipe for internet based applications and website of significance. They are pretty much the name brand. The Analyst target price is between 12-16 dollars, this is great since I now can buy at 10.50
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From the Blogosphere
Analyst upgrades, downgrades and initiations: ADBE, ANN, CCE, PIKE, RAX, RBS, WYNN ...
Filed under: Analyst reports, Analyst upgrades and downgrades, Analyst initiations  Analyst upgrades:
<> Janney Montgomery upgraded Adobe (ADBE) to buy from neutral on expectations for a strong CS5 product cycle in 2010. The firm raised its target on shares to $43 from $33. Kaufman Bros. upgraded Rackspace (RAX) to buy from hold to reflect the company's "strong" Q3 results and expectations growth will accelerate in 2010. The firm raised its target on shares to $22.50 from $16. Oppenheimer upgraded Rackspace to outperform from perform and established a $24 price target on the stock. <>St...
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Rackspace Gets A Pair Of Upgrades
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Rackspace (RAX) this morning is getting a lift from a pair of analyst upgrades one day after the Web hosting company posted Q3 results, sending the stock higher and reversing an after-hours drop last night. Oppenheimer analyst Srinivas Anantha upped his rating to Outperform from Perform, setting a price target of $24. (The stock closed yesterday at $18.32.) He cites four reasons for the more bullish stance:
- “Excellent position” to capitalize on rise of managed hosting services.
- Strong cloud services portfolio.
- Impressive scalability.
- Strong financial position.
<>Meanwhile, <>Kaufman Bros. an...
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Notable Analyst Rating Changes 11/10: ADBE, ANN, FRPT, RAX Upgraded; ALU, CPST, PIKE, TRW Downgraded
UPGRADES:Janney Montgomery Scott upgrades Adobe Systems (NASDAQ: ADBE) from Neutral to Buy. Fair value increased from $33 to $43. Click Here for more color.Stephens & Co upgrades Ann Taylor (NYSE: ANN) from Equalweight to Overweight. Price target increased from $12 to $17. FBR Capital upgrades Force Protection, Inc. (NASDAQ: FRPT) from Underperform to Market Perform with a $6 price target. Kaufman Bros. upgrades Rackspace Hosting (NYSE: RAX) to Buy. Price target increased from $16 to $22.50. For daily real-time Upgrades go to http://www.streetinsider.com/UpgradesDOWNGRADES:Exane BNP Parib...
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Rackspace Q3 Revs Beat; EPS Light; Stock Drops
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Rackspace Holdings (RAX) posted Q3 revenue of $162.4 million, up 17.4% year-over-year and 6.8% sequentially, and ahead of the Street at $159.1 million. The hosting and cloud-computing services provider reported diluted EPS of 4 cents a share, falling short of the Street consensus at 7 cents.
In late trading, RAX is down 90 cents, or 4.9%, to $17.42.
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Notable Analyst Rating Changes 10/8: RAX, CLX, EBAY, GME, MWW, AUY Upgrade; TTM, LLL, PLCM Downgrade
UPGRADES:
Goldman Sachs upgrades Rackspace (NYSE: RAX) from Neutral to Buy and raised its price target from $16 to $23. Click here for more color.
Deutsche Bank upgrades Clorox (NYSE: CLX) to Buy. Click here for more color.
Kaufman Bros. upgrades eBay (Nasdaq: EBAY) from Hold to Buy, raises PT to $29 (from $22). Click here for more color.
Wedbush Morgan upgrades GameStop (NYSE: GME) from Neutral to Outperform. Price target increased from $29 to $34. Click here for more color.
J.P. Morgan upgrades Monster Worldwide (NYSE: MWW) from Neutral to Overweight. Price target doubled
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