Last $31.49 USD
Change Today -0.43 / -1.35%
Volume 1.3M
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rackspace hosting inc (RAX) Snapshot

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10/2/13 - $54.20
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rackspace hosting inc (RAX) Details

Rackspace Hosting, Inc., through its subsidiaries, provides cloud computing services and managing Web-based IT systems for small and medium-sized businesses and large enterprises worldwide. The company’s service offering combines hosting on dedicated hardware and on multi-tenant pools of virtualized hardware in a way that suits each customer’s requirements. Its public cloud services refer to pooled computing resources delivered on-demand over the Internet. The company offers cloud servers for computing; cloud sites for Website hosting; cloud block storage and cloud files for storage; cloud databases for hosting; cloud backup for file protection; cloud load balancers for traffic management; cloud monitoring for infrastructure control; cloud DNS for domain management; cloud networks for security enhancement; and cloud applications, including email, collaboration, and file back-ups. Its dedicated cloud services include customer management portal and other management tools for managing the data center, network, hardware devices, and operating system software; and private cloud services comprise a pool of computing resources for a particular customer. The company also provides hybrid hosting, which enables customers to utilize any combination of dedicated and pooled resources and to manage them through its RackConnect service. It sells its service suite through direct sales teams, third party channel partners, and online ordering. The company was founded in 1998 and is headquartered in San Antonio, Texas.

5,651 Employees
Last Reported Date: 03/3/14
Founded in 1998

rackspace hosting inc (RAX) Top Compensated Officers

Total Annual Compensation: $374.9K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $359.6K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $363.3K
Chief Accounting Officer
Total Annual Compensation: $248.6K
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2013.

rackspace hosting inc (RAX) Key Developments

Rackspace Hosting Appoints Ryan Neading as Chief Information Officer

Rackspace Hosting announced the appointment of Ryan Neading as chief information officer. Neading will be responsible for the Rackspace billing systems, internal IT systems and tools, technology operations, operational metrics and interfacing with external suppliers and resource providers, while reporting to Mark Roenigk, chief operating officer. Neading brings with him over a decade of leadership experience and specialization in the high tech industry. Prior to joining Rackspace, Neading's responsibilities were expanded to serve as the co-leader of eBay's development site in Austin.

Rackspace Hosting, Inc. Announces its DevOps Automation Service Helps Appboy Quickly Deploy and Scale Marketing Automation for Apps Platform

Rackspace(R) Hosting announced that Appboy is leveraging Rackspace DevOps Automation Services to quickly deploy and scale their application platform. This service, which launched in December, is gaining momentum, as it is allowing Appboy and a variety of other companies to automate the process of deploying and scaling hybrid cloud infrastructure for fast-growing applications. Prior to using Rackspace DevOps Automation Services, Appboy used a platform-as-a-service (PaaS) offering with mixed results. As the company grew and new customers created unpredictable spikes of traffic, some services were not performing as well as in the cloud. The PaaS solution lacked the ability to move CPU and memory intensive workloads to physical machines in conjunction with virtual machines. When building new virtual machines as peak traffic would hit, Appboy experienced lengthy server build times of almost thirty minutes. On top of this, Appboy had to rely on its PaaS provider for supporting the latest versions of core system components such as Ruby, which would not always be available on the PaaS directly after the public release.

Rackspace Hosting Appoints Will Knight as New Vice President of Channel Partner Sales

Rackspace Hosting announced that industry veteran Will Knight has been named the new Vice President of Channel Partner Sales. Mr. Knight is an international business leader with more than 20 years of experience in the IT industry across sales, marketing and channel strategies. At Rackspace, Knight is responsible for building strategic and competitive channel partner programs, while driving overall partner sales. Prior to joining Rackspace, Knight was an executive at Microsoft where he served in a range of partner- and customer-facing roles across the U.S., China and Singapore. During his tenure in Singapore as Microsoft's Cloud Sales and Geo Expansion Lead for Asia Pacific, Knight more than doubled the business in the first year and expanded operations throughout Southeast Asia. Most recently, he served as Microsoft's Small and Medium Business Leader for Asia Pacific, where he led sales, marketing and channel management for SMB across the region. In his new role at Rackspace, Knight will lead the company's enhanced partner network, which encompasses a variety of programs designed to help companies engage with Rackspace in a way that best meets their unique business needs. These programs emphasize specialization, Fanatical Support and support for hybrid cloud solutions to deliver short and long-term benefits to partners and to reward them more easily for their efforts.


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Valuation RAX Industry Range
Price/Earnings 51.9x
Price/Sales 2.9x
Price/Book 4.2x
Price/Cash Flow 11.2x
TEV/Sales 2.7x

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