19 days ago, on November 10th, 2014, Rackspace Hosting (NYSE:RAX) reported its earnings. Analysts, on average, expected earnings of $0.16 per share on sales of $458.3 million. The company actually reported EPS of $0.18 on sales of $459.8 million, beating EPS estimates by $0.02 and beating revenue estimates by $1.5 million. Since the company's report, shares of Rackspace Hosting have risen from $37.32 to $45.91, representing a gain of 23.0% in the past 19 days.
Rackspace Hosting, Inc. delivers websites, web-based IT systems, and provides related services.
Rackspace Hosting share prices have moved between a 52-week high of $46.35 and a 52-week low of $26.18 and closed Thursday at 75% above that low price at $45.91 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 2.2%.
Rackspace Hosting (NYSE:RAX) defies analysts with a current price ($45.91) 1.3% above its average consensus price target of $45.29. The stock should find initial support at its 50-day moving average (MA) of $37.26 and further support at its 200-day MA of $34.54.
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