Rackspace Hosting’s (RAX) Q4 earnings are expected to rise 35% and revenue to rise 16% when the Amazon Web Services cloud rival reports after the close Tuesday, though currency exchange rates could impact its results and guidance. Many tech firms have faced currency headwinds as the euro and yen have weakened vs. the dollar. A higher-valued dollar makes U.S. products costlier — and thus less competitive — in foreign countries. And revenue that
Could Rackspace Hosting (RAX) partner with Google and/or Microsoft next year? Either scenario is a possibility for the cloud and Web hosting company, says Colby Synesael, an analyst for Cowen & Co., in a research report Wednesday. He called such a partnership one of his top potential surprises for 2015 in the telecom sector. Other possibilities on Synesael’s list include Dish (DISH) partnering with Sprint (S), and Level 3 Communications (LVLT)
Rackspace Hosting (RAX), which provides cloud computing and Web hosting services to more than 300,000 business customers around the world, received a downgrade on Friday. Although the San Antonio-based company can expect steady growth as it refocuses on core competencies, that growth has already been “more than adequately priced into the stock,” D.A. Davidson analyst Mark Kelleher said in a research report on Friday. Kelleher downgraded Rackspace