1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

Baron Funds Comments on Rackspace Hosting Inc.

June 10, 2013 | About:

Rackspace Hosting, Inc. (NYSE:RAX) is a leading hosting and cloud computing service provider. During the quarter, Rackspace completed the transition of its infrastructure to "Open Stack," an open-source cloud orchestration project initiated by Rackspace and NASA. This transition impacted core business growth, causing Rackspace to miss revenue expectations. We have high regard for the Rackspace management team, but decided to exit our position as we continue to assess Rackspace's competitive positioning in the rapidly evolving cloud computing service provider space. (Gilad Shany)

From Baron Funds’ first quarter 2013 commentary.


Rating: 2.0/5 (1 vote)

Comments

Please leave your comment:


Performances of the stocks mentioned by


User Generated Screeners


wqecapitalscreening value growth
wqecapitalscreening 1 value growth
buddyswintAquirer's Multiple
HOLKLSUTrump Trade - Late Stage
rael2222M
HOLKLSUTrump Trade Group-Late Stage
rael2222L
jlhpersonalJason's Greenblatt - Updated L
dosowsky1Fast Revenue Growth
Kbannon77All Stocks US
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK