News on Rackspace (Ticker: RAX) continually updated from thousands of sources around the net.
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Blue Harbour began buying Rackspace shares in late June; roughly a month after Rackspace said it hired Morgan Stanley to run a strategic review for the company.
Over the past several days, Microsoft 's public cloud platform Azure has had a number of significant issues ranging from users having trouble logging in to partial and full service interruptions.
Activist investor Blue Harbour Group LP has built up a roughly 6.5% stake in Rackspace Hosting Inc., as the cloud-computing company conducts a review of its strategic options, according to people familiar with the matter.
Free and open-source cloud computing platform OpenStack could reach an estimated market size of $1.7bn by 2016, according to a report from analyst firm 451 Research.
Rackspace Hosting VP Tiffany Lathe sold 508 shares of Rackspace Hosting stock on the open market in a transaction dated Tuesday, August 12th.
Rackspace Hosting COO Mark Roenigk sold 163 shares of the company's stock on the open market in a transaction that occurred on Wednesday, August 13th.
After announcing record results for Q2 2014 including $441 million in revenue, Rackspace share price has tumbled, as speculation about the cloud giant's future continues.
Billionaire Daniel Loeb's Third Point LLC hedge-fund firm amassed new stakes in cloud-computing provider Rackspace Hosting Inc. and IAC/InterActiveCorp., while exiting Verizon Communications Inc. and Google Inc. in the second quarter.
This article originally appeared as part of ongoing coverage in our premium Motley Fool Rule Breakers service... we hope you enjoy this complimentary peek! In prepared remarks, CEO Graham Weston relished a number of all-time record metrics.
Rackspace Hosting COO Mark Roenigk unloaded 379 shares of the company's stock on the open market in a transaction dated Monday, August 11th.
John Chambers, chairman and chief executive officer of Cisco Systems Inc., told analysts and investors that the company would be laying off 6,000 workers in 2015.
Updated: Tue Aug 19, 2014 09:13 pm
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