Scalper1 News
Rackspace Hosting (RAX) was downgraded by Morgan Stanley and received several price target cuts following its disappointing first-quarter earnings and guidance late Monday. After the market close Monday, Rackspace reported Q1 revenue that missed estimates. Its Q2 revenue forecast also missed views. Rackspace stock was down 14%, at a three-month low near 45.50, in afternoon trading on the stock market today. Morgan Stanley analyst Simon Flannery Scalper1 News
Scalper1 News