Rackspace Hosting Inc. (RAX) downgraded to Hold by Stifel Nicolaus
Stifel Nicolaus rated Hold Rackspace Hosting Inc. (NYSE: RAX) on 02/13/2013. Previously Stifel Nicolaus rated Buy Rackspace Hosting Inc. (NYSE: RAX)
on 02/14/2012., when the stock price was $53.60. Since then, Rackspace Hosting Inc. has gained 21.12% as of 02/13/2013's recent price of $64.92. If you would have followed the previous Stifel Nicolaus's recommendation on RAX, you would have gained 21.11% of your investment in 365 days.
Rackspace Hosting, Inc. (Rackspace Hosting), incorporated on March 7, 2000, is engaged in the business of hosting and cloud computing. The Company?s services are sold to businesses in more than 120 countries. The Company sells a suite of hosting and cloud computing offerings, all backed by Fanatical Support.
research focuses on all market caps, but is a leader in small- and mid-cap research. The department is staffed predominately with industry professionals from outside Wall Street. In fact, approximately 50% of its analysts have hands-on work experience in the industry that they research. Stifel Nicolaus
believes industry experience, its opportunistic approach, and broad market cap coverage drive excess returns and its award-winning franchise.