This news has killed Rackspace stock, RAX is down tremendously for the last week (although up today). Quarterly earnings come out next quarter, and those have been bad every first quarter so far if memory serves me. So probably not going to trend up. I don't own any rackspace stock and I'm not making predictions anyone should bet on. I'm just complaining because Rackspace has really good products and it's getting pummeled. Down more than 60ish% since its height a year or so ago.
In related news, rax being cheaper make it a bargain for an acquisition, P/E is around 40 now.
Comments
This news has killed Rackspace stock, RAX is down tremendously for the last week (although up today). Quarterly earnings come out next quarter, and those have been bad every first quarter so far if memory serves me. So probably not going to trend up. I don't own any rackspace stock and I'm not making predictions anyone should bet on. I'm just complaining because Rackspace has really good products and it's getting pummeled. Down more than 60ish% since its height a year or so ago.
In related news, rax being cheaper make it a bargain for an acquisition, P/E is around 40 now.