Shares of Rackspace Hosting took an 11% leap to $54.73 on Tuesday getting a boost from upbeat results and bullish commentary on the data storage system company’s growth potential.
Rackspace also jumped over the $50 mark to reach an all-time high of $54.80 as analysts took note of its strong position in the cloud computing market.
**********************************************
The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.
Tags: cloud computing market, data storage system, growth potential, Rackspace Hosting
Exclusive Videos
Hot stocks to watch!
Las Vegas Sands Corp - LVS
Direxion Shs Etf Tr - FAS
SPDR S&P 500 ETF - SPY
Intel Corporation - INTC
Brocade Communications Systems Inc - BRCD
Comcast Corp New - CMCSA
Direxion Shs Etf Tr - TZA
iShares FTSE/Xinhua China 25 - FXI
Citigroup Inc - C
Altera Corp - ALTR
Mylan Laboratories Inc - MYL
Cleantech Transit, Inc. - CLNO.OB
Petroleo Brasileiro SA - PBR
Financial Select Sector SPDR ETF - XLF
Urban Outfitters Inc - URBN
Crown Equity Holdings Inc. - CRWE.OB
Lowe's Companies Inc - LOW
Fifth Third Bancorp - FITB
Isilon Systems Inc - ISLN
Symantec Corp - SYMC
Pfizer Inc - PFE
Corning Inc - GLW