The reason for the rise in Rackspace’s stock price was the company’s announcement of a $1 billion stock buyback.
In fiscal 2Q15, Rackspace’s cash reserves stood at $317.1 million, as compared to the $213.5 million in fiscal 1Q15.
Rackspace leads the hosted private cloud space with a 20% market share. This market is a “highly fragmented market.”
On July 31, Rackspace (RAX) announced that it had made it to the leading quadrant of Gartner’s “Magic Quadrant for Cloud-Enabled Managed Hosting” in both Europe and North America.
Microsoft Azure is a public cloud platform. Public cloud services are the cloud services provided by the likes of Google to the general public over the Internet.
The primary reason for Rackspace’s slow revenue growth in spite of increased preference for the cloud,is a change in its strategy.
On August 10, Rackspace posted its fiscal 2Q15 results. It reported revenues and non-GAAP EPS of $489.4 million and $0.20, respectively.
In this series, we’ll look at Energy Transfer Partners’ 2Q15 operating results, contrast actual numbers against analyst estimates, and compare individual segment contributions.
Energy Transfer Equity (ETE) and Sonoco Logistics (SXL), which are part of the Energy Transfer group, have “buy” ratings from 88.9% and 73.3% of analysts surveyed, respectively.
Energy Transfer Equity (ETE), which hold the incentive distribution rights in Energy Transfer Partners, is currently trading at a distribution yield of 3.69%.
ETP and its general partner, Energy Transfer Equity (ETE), announced that the latter will acquire the general partner interest and IDRs in Sunoco LP that are currently held by ETP.
Energy Transfer Partner’s Liquids Transportation and Services segment, which provides NGL transportation and fractionation services, grew by 7.1% YoY in 2Q15.
Energy Transfer Partners rose ~3% on the day after its earnings announcement. It has returned -27.11% since the beginning of the year.
On August 7, Dish Network’s last trading price was $66.92. The firm was trading 2.75%, 4.81%, and 6.75% below the 20-day, 50-day, and 100-day moving averages.
In 2Q15, Dish Network (DISH) reported subscriber-related revenue of $3.801 billion—compared to $3.645 billion in 2Q14. This was a rise of $156 million.
In 2Q15, Dish Network (DISH) ended with 13.93 million pay-TV subscribers—compared to 14.05 million subscribers at the end of 2Q14.
In 2Q15, Dish activated around 638,000 gross new pay-TV subscribers—a 2.70% fall compared to 656,000 gross new pay-TV subscribers in 2Q14.
On August 5, 2015, Dish Network announced its 2Q15 results. It reported revenue of $3.83 billion—compared to revenue of $3.69 billion for 2Q14.
Due to the deteriorating leverage and liquidity position, Standard & Poors lowered Diamond Offshore’s credit rating from A- to BBB+ in April 2015.
Diamond Offshore’s management expects the total capital expenditure for 2015 to be ~$920 million.