RAX: Rackspace (RAX) +3.1% following an upgrade to...

9:18 AM Rackspace (RAX) +3.1% following an upgrade to Outperform from Cowen; the firm's PT is unchanged at $46. Shares closed yesterday barely a dollar above their 52-week low of $33.91. Fidelity has confirmed it's now a Rackspace OpenStack client (previous); it's initially using OpenStack to build a private cloud, but wants to eventually create a hybrid cloud. Read comments

RAX price at time of publication: $35.12. Check RAX price now »

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Focus Articles on RAX

• Can IBM Save OpenStack? by Dana Blankenhorn
• Bear Of The Day: Rackspace Hosting by Zacks Investment Research
• Rackspace - As Long-Term Growth Story Remains Intact, Shares Should Find Support by The Value Investor

Press Releases on RAX

• Rackspace Hires New Sales Leader to Drive Customer Acquisition (Business Wire)
• Rackspace Fanatics Score 4th on UK's Great Place to Work List (Business Wire)
• Wearable Tech Will Drive the Rise of the 'Human Cloud' of Personal Data, Says Rackspace Study (Business Wire)

Related Articles on RAX

• Red Hat: Take Advantage Of Investors Being Offsides For 10%+ Move This Week by Josh Burwick
• SDN World Conference Notes by Edward Schneider
• Buy This Undervalued Growth Stock To Own A Legal Monopoly by Mike the PhD

StockTalk on RAX: RAX StockTalk | Twitter RAX | Twitter $RAX | RAX Instablogs

Recent Market Alerts on RAX: All currents | Earnings | Dividends | M&A | On the move

Transcripts on RAX

• Rackspace Hosting Management Discusses Q1 2013 Results - Earnings Call Transcript
• Rackspace Hosting, Inc. - Shareholder/Analyst Call
• Rackspace Hosting's Management Presents at Deutsche Bank's DbAccess 21st Annual Media and Telecom Conference (Transcript)

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