Rackspace Hosting, Inc. (RAX) Jumps: Stock Rises 6.9%

Rackspace Hosting, Inc. (RAX) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock is now up 34.88% since Aug 12.

None of the estimates for this stock were revised over the past 7 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Rackspace Hosting carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

However, some better ranked stocks in the Internet services industry include Baidu, Inc. (BIDU), Inuvo, Inc. (INUV) and Borderfree, Inc. (BRDR). While Baidu and Inuvo sport a Zacks Rank #1 (Strong Buy), Borderfree holds a Zacks Rank #2 (Buy).

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RACKSPACE HOSTG (RAX): Free Stock Analysis Report

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