Rackspace Hosting

Rackspace Shares Slide as Cloud Revenue Moderates

cloud-revenue-4q-2012

Shares of Rackspace Hosting are down nearly 20 percent in afternoon trading after the company’s earnings raised concerns that the rate of adoption for cloud computing services may be moderating. The slide reflects Wall Street’s high expectations for Rackspace, which saw its shares rise 72 percent in 2012 amid investor enthusiasm for cloud computing. Read More

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