Posts for Ticker ‘RAX’

Top Analyst Upgrades, Downgrades, Initiations (ADBE, CETV, ENER, SOLR, KR, RL, RAX, SQNM)

These are this morning’s top analyst upgrades, downgrades, and initiations seen early this Tuesday morning from Wall Street research calls:

Adobe Systems Inc. (NASDAQ: ADBE) Raised to Buy at Janney Montgomery Scott.
Central Euro Media Enterprises Ltd. (NASDAQ: CETV) Raised to Buy at Goldman Sachs.
Energy Conversion Devices, Inc. (NASDAQ: ENER) Cut to Sell at Citigroup; Cut to Neutral at JPMorgan; Cut to Hold at Lazard.
GT Solar International, Inc. (NASDAQ: SOLR) Cut to Underweight at Piper Jaffray.
Kroger Co. (NYSE: KR) Raised to Conviction Buy List at Goldman Sachs.
Polo Ralph Lauren Corp. (NYSE: RL) Raised to Conviction Buy List at Goldman Sachs.
Rackspace Hosting, Inc. (NYSE: RAX) Raised to Outperform at Oppenheimer; Raised to Buy at Kaufman
Sequenom Inc. (NASDAQ: SQNM) Maintained Sell and $3 target at Auriga.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG

Posted on: November 10, 2009 – 7:35 am in Analyst Calls, Pre-Market Activity, , , , , , , ,

Top 10 Analyst Upgrades and Downgrades (ADBE, BRCM, EBAY, GS, LLL, MS, MWW, MOS, RAX, WFC)

These are this Thursday morning’s top 10 Wall Street research calls we have seen in the land of upgrades, downgrades, and initiations:

Adobe Systems (NASDAQ: ADBE) Raised to Outperform at RW Baird.
Broadcom (NASDAQ: BRCM) Cut to Neutral at RW Baird.
eBay (NASDAQ: EBAY) Raised to Buy at Kaufman Bros.
Goldman Sachs (NYSE: GS) Started as Buy at Deutsche Bank.
L-3 Communications (NYSE: LLL) Cut to Conviction Sell List from Neutral at Goldman Sachs.
Morgan Stanley (NYSE: MS) Started as Buy at Deutsche Bank.
Monster Worldwide (NYSE: MWW) Raised to Overweight at JPMorgan.
Mosaic (NYSE: MOS) Started as Outperform at RBC.
Rackspace (NYSE: RAX) Raised to Buy at Goldman Sachs.
Wells Fargo (NYSE: WFC) Started as Sell at UBS.

This top ten includes only some of the top financial sector analyst calls we saw this morning, where many “SELL” ratings were handed out.  You can join our open email distribution list to get updates each morning on analyst upgrades and downgrades, top day trader alerts, IPO’s and secondary offerings, Warren Buffett and other guru activity, M&A and more.

Jon C. Ogg
October 8, 2009

Posted on: October 8, 2009 – 7:53 am in Analyst Calls, Technology Companies, , , , , , , , , ,

Top Analyst Upgrades (ACN, APC, AAPL, CUB, IRF, NANO, PER, RAX, ZUMZ)

These are this morning’s top analyst upgrades and positive research calls seen from Wall Street analysts early this Thursday morning:

Accenture (ACN) Started as Outperform at Baird.
Anadarko Petroleum (APC) Raised to Outperform at FBR.
Apple (AAPL) Started as Outperform at William Blair.
Cubic (CUB) Raised to Overweight at JPMorgan.
International Rectifier (IRF) Started as Buy at Merriman Curhan Ford.
Nanometrics (NANO) Started as Overweight at Piper Jaffray.
Perot Systems (PER) Started as Outperform at Baird.
Rackspace (RAX) Started as Buy at ThinkEquity.
Zumiez (ZUMZ) Raised to Outperform at William Blair.

If you wish to be notified by email when the top analyst calls hit, along with each morning’s top day trader alerts, along with news of IPO’s, key offerings, guru investor data on Buffett and others, mergers, and more, you can join our open email distribution list which goes out several times per week.

Jon C. Ogg

Posted on: September 3, 2009 – 8:04 am in Analyst Calls, , , , , , , , ,

Top Analyst Downgrades (CTXS, DSCO, EV, FII, FPL, RAX)

These are this Monday’s top pre-market analyst downgrades and cautious research calls from Wall Street with more than two hours until the market opens:

Citrix Systems (CTXS) Cut to Perform at Oppenheimer.
Discovery Labs (DSCO) Cut to Underperform at Jefferies.
Eaton Vance (EV) Cut to Underweight at JPMorgan.
Federated Investors (FII) Cut to Underweight at JPMorgan.
FPL Group (FPL) Cut to Underperform at Credit Suisse.
Rackspace (RAX) Cut to Neutral at Goldman Sachs.

JON C. OGG

Posted on: July 6, 2009 – 6:31 am in Analyst Calls, , , , , ,

Russell Rebalance Including & Excluding Key IPO’s (BPI, DGI, OPEN, RST, RHIE, SWI, CYOU, LOPE, MJN, RAX)

money-stack-imageWe will have some changes or further additions and deletions coming today from Russell for the highly awaited Russell rebalance and reconstitution taking place late this month.  What is interesting about the group’s additions and deletions is that there are many of the hot (and not so hot) companies which came public via an IPO that are in the Russell index changes.

Bridgepoint Education Inc. (NYSE: BPI) is being added to Russell 3000 and to the Russell Global.  DigitalGlobal Inc. (NYSE: DGI) is actually trading as a busted IPO and it is being added to Russell 3000 and to the Russell Global.  OpenTable (NASDAQ: OPEN) is being added to Russell 3000 and to the Russell Global.  Rosetta Stone Inc. (NYSE: RST) is being added to Russell 3000 and to the Russell Global.  RHI Entertainment (NASDAQ: RHIE) was a distant IPO but it is being added to Russell 3000 and to the Russell Global.  SolarWinds Inc. (NYSE: SWI) is a very fresh IPO and is being added to Russell 3000 and to the Russell Global.  There is also a list of other key IPOs which were not included for certain issues.
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Posted on: June 19, 2009 – 8:35 am in IPOs, Index, , , , , , , , , ,

52-Week Low Club (AXP, COF, NILE, CLX, RDEN, FDX, HOG, ISRG, KF, MSCC, PII, RAX, RNWK, STX)

Burning_money_pic_3Today’s market looked more like an advanced yo-yo session rather than a regular stock market trading day.  Since stocks gapped down so much, there were many new names on the list of 52-week lows.  What is interesting is that many other stocks hit 52-week lows but bounced back to being positive on the day.

  • American Express (NYSE: AXP) and Capital One (NYSE: COF) both graced the list of lows as GE’s consumer losses only added fuel to the fire.
  • Blue Nile Inc. (NASDAQ: NILE) tankola, again.  Forget Valentine’s Day this year.
  • Clorox Co. (NYSE: CLX) burns investors’ eyes as bad as it burns its client’s eyes.
  • Elizabeth Arden (NASDAQ: RDEN) keeps falling after the bad news from it and its peers over the last week and a half.  Brittney Spears can’t help.
  • FedEx Corp. (NYSE: FDX) keeps dropping. 
  • Harley Davidson (NYSE: HOG) caught another case of HAGS and is believed to be in trouble all year after earnings.
  • Intuitive Surgical (NASDAQ: ISRG) keeps getting pounded.  Down close to 70% from highs now.  Leonardo DaVinci would now sue over the use of his name.
  • The Korea Fund (NYSE: KF) was down almost 7%.  We don’t like to put country funds or ETF’s today, but that Kim Chee from last night just didn’t sit well today.
  • Microsemi (NASDAQ: MSCC) on earnings warning.
  • Polaris Industries (NYSE: PII)… weak HOG sales from Harley, weak motorcycle and snowmobile relative?  Works every time.
  • Rackspace Hosting (NYSE: RAX)… Racking the Rackers, in the server room….
  • RealNetworks (NASDAQ: RNWK), a surprise but think of peers.  And when was the last time you bought anything from them?
  • Seagate Technology (NYSE: STX) again… with the earnings it put up this week, you can call it Floodgate.

Jon C. Ogg
January 23, 2009

Posted on: January 23, 2009 – 4:14 pm in HI/LOW, Trading Alert, , , , , , , , , , , , , ,

Growing List of Damaged Post-IPO’s (SB, NM, RSOL, RAX, IPI, WES, PSE)

Down_arrow_redWe would be reporting the economic numbers from the government’s Department of Redundancy Department if we said it is an ugly bear market and if we told you that the IPO market was all but dead.  But what is amazing here is the absolute poor performance we have seen out of the 2008 post-IPO companies.  Many of these companies are still doing well, and some are not.  But in our screen of the big IPO’s there is an astonishing number of post-IPO’s that are trading much worse than just busted IPO’s by being under the IPO price. 

Our list of 2008 IPO’s here was 30% and a somewhat active stock volume.  Below is the list of post-IPO’s we track with shares down more than 30% from the IPO price:

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Posted on: October 7, 2008 – 4:17 pm in Uncategorized, , , , , , ,

Analysts Start Rackspace Coverage As Quiet Period Ends (RAX)

Rackspace_logoRackspace Hosting, Inc. (NYSE: RAX) is seeing its quiet period end after its IPO, which now allows analysts in the underwriting group to initiate research coverage of the stock.  So far this IPO has dropped from north of $11 after its August debut down to as low as $8.00 before coming back to close at $8.83 yesterday. 

Rackspace_ipo_chart_2We have also provided a chart from stockcharts.com to show how it has performed since coming public.

Below is a quick snapshot of research initiations we have seen today:

  • Credit Suisse started as OUTPERFORM
  • Goldman Sachs started as NEUTRAL
  • Jefferies started as BUY
  • Merrill Lynch started as BUY
  • RBC Capital started as OUTPERFORM

Shares are indicated slightly higher, but so far we have not yet seen any trades in Rackspace. 

Jon C. Ogg
September 17, 2008

Posted on: September 17, 2008 – 7:46 am in Analyst Calls, IPOs, Internet, Technology Companies, , ,

Rackspace Gets Ready For IPO (RAX)

Rackspace_logoThis week will mark another somewhat unusual mark for IPO’s as a technology and communications player with an established name is set to come public.  Rackspace Hosting, Inc. (NYSE: RAX) is coming public at a strange time, yet it has shown growth, has a solid name, and is profitable. 

As a reminder, this is coming under the auction format and bidding can be completed at rackspaceipo.com. Underwriters in the group are Goldman Sachs, Credit Suisse, Merrill Lynch, and WRHambrecht. 

Read More »

Posted on: August 4, 2008 – 7:54 am in IPOs, Internet, Technology Companies,

IPO FILING: Rackspace Inc. (RAX)

Rackspace, Inc. has submitted its IPO paperwork late Friday after the close. The filing shows a maximum aggregate offering of $400 million, although this number is for filing purposes only.

They have applied to trade on the New York Stock Exchange instead of the NASDAQ and it will trade under the ticker “RAX.”   The underwriters are listed as Goldman Sachs, Credit Suisse, Merrill Lynch, and WR Hambrecht and Co., although you will want to look below for the IPO process as it is not a normal underwriting.

Rackspace provides hosting services through its delivery of websites, web-based IT systems, and computing. The company has a huge focus on customer service through their Fanatical Support services. In 2007, the company generated net revenues of $362 million and a net income of $$17.8 million. According to Tier1Research, the world hosting market has a projected annual growth rate of 26% and in 2010, hosting is expected to grow into a $24.4 billion market. Over the last five years, Rackspace has shown a 59% annual revenue growth rate. Rackspace has aggressive global expansion goals in place and believes its customer focused Fanatical Support, low capital cost strategy, and long term focus will help them reach this goal.

While WR Hambrecht is a secondary on the deal, this is actually going to be an auction-based IPO that will go through their system.  Individual accounts can go through the underwriters to bid, but individuals with E*Trade accounts will also be able to bid for the IPO.  Institutions will be able to bid via a hyperlink available at the www.rackspaceipo.com site.

You can join our open email distribution list to hear about previews for other IPO’s, mergers, spin-offs, break-ups, and other special situations.

Rachel Lopez
April 28, 2008

Posted on: April 28, 2008 – 10:54 am in Uncategorized,