Rackspace Hosting Inc
Why Is DBaas Preferred over Traditional Databases?
DBaaS makes it easier to build applications in the cloud. This is why DBaaS is expected to become a dominant deployment model for all databases.
Why Private Equity Firms Are Pursuing Rackspace
Increased competition in the cloud space has significantly impacted Rackspace’s growth.
With the StrongLoop Buyout, IBM Continues to Focus on Open Source
IBM, a founding member of Node.js Foundation, aims to strengthen its ties with the open source community through StrongLoop’s acquisition and its integration with the majority of its offerings.
What Factors Affected Rackspace’s Performance?
Growing competition between Amazon and Microsoft is also impacting Rackspace.
Rackspace Hosting sees activist interest from Blue Harbour
In September, after months of speculation that Rackspace could be acquired by CenturyLink, Inc. (CTL) and had interest from Hewlett-Packard, the company said it was no longer exploring merger and acquisition options. On the contrary, the company declared its commitment to remain independent.
Inside Rackspace’s Margins and Cash Flows
Given Rackspace’s eventual sale to Apollo Global, we can safely deduce that the former finally gave in to Blue Harbour’s pressure.
Revenues for VMware Increase 4% YoY in 2Q15
In this series, we will analyze the stocks in the First Trust ISE Cloud Computing Index ETF (SKYY) that comprise the Systems Software subsector. Since January 2015, SKYY generated returns of 2.42% to close at $29.18 on August 28.
Netflix Is Looking to Enter India in 2016
Netflix will enter Indian markets in 2016. It’s looking to expand into international markets and launch streaming services in more than 200 countries by 2017.
Why VMware’s Cross-Cloud Is a Bold Step in Cloud Migration Space
Players in the public cloud space such as Amazon (AMZN) and Microsoft (MSFT) will also benefit from VMware’s Cross-Cloud architecture.
Why Rackspace Revenue Growth Has Slowed Down
The primary reason for Rackspace’s slow revenue growth in spite of increased preference for the cloud,is a change in its strategy.
Shareholder Activism at Work with Oracle-NetSuite Deal
In accordance with its minimum tender condition, the majority of NetSuite stakeholders must vote in favor of the deal to make it happen.
JANA Partners starts a new position in Rackspace Hosting
JANA Partners added a stake in Rackspace Hosting Inc. (RAX). The position accounted for 1.18% of the fund’s total third-quarter portfolio.
PE Firms and the Current Acquisition Spree
The Apollo Global-Rackspace (RAX) deal is the latest deal indicating the growing interest of PE firms in the technology space.
Why Was Rackspace Destined to Lose in the Cloud Space?
The tech sector was the only S&P 500 sector that had more cash than debt per share in 2015, but the majority of cash was held by Microsoft, IBM, and Google.
Analyzing Informatica’s Leveraged Buyout Deal
In April 2015, it was announced that Informatica agreed to be bought by Canada Pension Plan Investment Board and Permira Advisors for $5.3 billion.
Why Public Cloud is being adopted more by enterprises
One of the important factors driving public cloud adoption is an organization’s preference and need to reduce overall expenditure on IT infrastructure.
Must-know positions traded by Blue Harbour Group
Blue Harbour Group was founded in 2004. It manages capital on behalf of pension funds, endowments, and other institutional investors.
Blue Harbour exits position in DeVry Education Group
DeVry University has seen revenue fall in previous fiscal years due to a decrease in new and total student enrollments. The decline is expected to continue into fiscal year 2015.
Rowan Companies sees activist interest from Blue Harbour
Rowan Companies plc is a global provider of contract drilling services in the ultra-deepwater and shallow water jack-up market. It has a fleet of 34 offshore drilling units, including four ultra-deepwater drillships, all of which are currently under long-term contracts.
Must-know: Why cloud storage is the key to rapid data growth
Organizations have used hard drives and external storage devices like compact discs. But the explosion in data generation and demand for storage has led to increased costs and challenges.
Was LifeLock’s Sale Profitable for Elliott Management?
LifeLock attracted the interest of private equity firms Earlier in this series, we discussed Elliott Management’s influence over Symantec (SYMC) and its subsequent strategic acquisitions of Blue Coat Systems and LifeLock. In early November 2016, LifeLock hired the services of Goldman Sachs (GS) to initiate its sale. Along with Symantec, PE (private equity) firms Permira […]
How Will IBM Compete with Intel in the Data Center Space?
In 2013, IBM decided to make its technology available to third parties and launched the OpenPower Foundation.
The Word on the Street: What Are Analysts Recommending for Rackspace’s Stock?
Of the 20 analysts covering Rackspace’s stock, only one issued a “sell,” while more than half of analysts issued “hold” recommendations.
How Did Rackspace’s Growth in the Public Cloud Space Contribute to Its Sale?
It’s estimated that Rackspace’s fiscal 2Q16 public cloud revenues grew by only 11% YoY. Amazon and Microsoft reported growth of 66% and 113%, respectively.
Why Rackspace Agreed to Be Bought Despite Strategic Divestment
In 2014, prior to its sale to Apollo Global Management, Rackspace (RAX) considered various alternatives, ranging from partnerships to acquisitions.
Why Could IBM Be Interested in Revel Systems?
IBM (IBM) is another company in the technology space that’s trying to be a part of the cloud growth story primarily through acquisitions.
Why Salesforce Is Acquiring Quip
Salesforce, which wants to expand its horizon in the cloud space, is also aggressively pursuing its acquisition strategy.
Rackspace Is the Latest to Yield to Rising Competition in Cloud Space
Rackspace and other smaller players are losing market share to large players in the cloud space.
What’s Rackspace’s Value Proposition in the Software Space?
Rackspace was trading at a forward EV-to-EBITDA multiple of ~4.02x on July 26, 2016.
Will Rackspace’s Fiscal 2Q16 Results Meet Analyst Estimates?
Rackspace (RAX) is scheduled to report its fiscal 2Q16 earnings on August 8, 2016.
Intel to Face Competition from IBM and ARM in Data Center Space
While Intel is preparing for the HPC (high-performance computing) market, IBM is competing with Intel head to head with its Power9 processors.
What Are Analyst Recommendations for Rackspace?
Rackspace’s stock price movement during the past month has been negative.
Why Is Rackspace Stock on a Decline in 2016?
Rackspace’s fiscal 1Q16 revenues, the growing competition in the cloud space, and the company’s tepid guidance for fiscal 2Q16 weighed heavily on Rackspace’s stock.
Why Is Rackspace Finding It Difficult to Grow in the Cloud Space?
In its own terms, Rackspace is a “managed cloud” company. In managed cloud hosting, companies share and access resources that include databases, hardware, and software.
Why Strong Growth in Cloud Space Isn’t Necessarily Good for Rackspace
Rackspace (RAX) is one such cloud company that is finding it difficult to meet market expectations despite growth in the cloud space.
How Is Rackspace Positioned in the Cloud Space?
Synergy Research estimates that quarterly cloud infrastructure service revenues have surpassed the $7 billion landmark in 1Q16.
Following Amazon’s Lead, Microsoft Slashes Prices of Azure
Following Amazon’s lead, Microsoft (MSFT) has announced cuts in the prices of its Azure platform.
Rackspace Hosting Broadens Its Partnership with Cloud Providers
In 3Q15, Rackspace broadened its partnership with Amazon Web Services, Intel, and Microsoft to assist businesses by leveraging the power of cloud computing.
Facebook Generated Year-to-Date Stock Returns of 33%
Facebook (FB) generated investor returns of 29.3% in the trailing-12-month period and 11.9% in the trailing-one-month period.
Gartner Positions Rackspace as a Leader in Its Magic Quadrant
Rackspace announced that it had made it to the leading quadrant of Gartner’s Magic Quadrant for Cloud-Enabled Managed Hosting in Europe and North America.
Rackspace Will Offer Its Cloud-Segment Expertise to Amazon
Rackspace announced an agreement to offer tools, application management, expertise, and operational support to customers on the Amazon Web Services cloud.
Turnaround Expected in Rackspace Hosting
Rackspace, VMware, and Teradata generated negative returns of -15.9%, -15.4%, and -4.7%, respectively, in the trailing-one-month period.
DDoS Attacks in the World of Cybersecurity
DDoS attacks are usually aimed at either disrupting the vulnerability of software applications, or at flooding traffic in order to exploit server resources.
Amazon Web Services Continues to Churn High Growth
Investors have been pleasantly surprised by the results of the Amazon Web Services business segment since Amazon started reporting its results in 1Q15.
Intense Competition and Lack of Cash Flow Haunt Rackspace
With a market capitalization of ~$4.5 billion, Rackspace (RAX) was considered a “pioneer” in the cloud space.
Rackspace Increases Its Stock Buyback Plan to $1 Billion
The reason for the rise in Rackspace’s stock price was the company’s announcement of a $1 billion stock buyback.
Rackspace Is the Leader in the Hosted Private Cloud Market
Rackspace leads the hosted private cloud space with a 20% market share. This market is a “highly fragmented market.”
Rackspace Is One of the Leaders in Gartner’s Magic Quadrant
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.
Rackspace Added Microsoft Azure to Its Managed Cloud Portfolio
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.
Blue Harbour Raises Its Stakes in Rackspace Hosting
Blue Harbour increased its position in Rackspace Hosting (RAX) in 4Q14. The company accounts for 13.72% of the fund’s portfolio in 4Q14.
Highlights of Blue Harbour’s Top Increased Positions in 4Q14
Blue Harbour’s top ten holdings include Rackspace Hosting at 13.42%, Akamai Technologies at 10.31%, and Babcock & Wilcox at 9.90%.
Steven Cohen and Point72 Asset Management’s 4Q14 Positions
Steven Cohen’s Point72 Asset Management disclosed new positions in its 13F filing last month. The fund’s portfolio increased by 7.25% to $14.25 billion in 4Q14.
Rackspace Hosting eliminated as D.E. Shaw position
D.E. Shaw exited a position in Rackspace Inc. (RAX), which accounted for 0.016% of the fund’s second-quarter portfolio.
D.E. Shaw opens new position in Alibaba
D.E. Shaw revealed a new position in Alibaba in 3Q14 that accounts for 0.49% of the fund’s total 3Q14 portfolio.
JANA Partners takes an activist position in Hertz Global Holdings
JANA Partners increased its stake in Hertz Global Holdings (HTZ) during the third quarter. The position accounted for 2.95% of the fund’s 3Q14 portfolio.
Highlights of activist fund JANA Partners’ 3Q 13F
This series will review the main positions that Barry Rosenstein’s JANA Partners traded during the third quarter, which ended in September.
Why hybrid cloud is considered the future of cloud computing
A hybrid model enables the organizations to derive maximum benefit from their cloud infrastructure.
Why private cloud is the security solution for organizations
In private cloud, cloud services are deployed and implemented on the client’s private networks.