Why You Should Love Rackspace's Results
Nov 9th 2012 12:37PM
Updated Nov 9th 2012 12:40PM
For much of the year, Rackspace Hosting (NYS: RAX) has been one of 2012's big winners . Not this week. On Tuesday, the company reported revenue and earnings that met Street estimates, yet the stock is down nearly 7% over the past two days alone. Have investors forgotten how big a transformation the company is undergoing? A broad-based move to an open source infrastructure based on OpenStack could take profits to new heights in the years ahead. Find out more in the video below.
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The article Why You Should Love Rackspace's Results originally appeared on Fool.com.Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He owned shares of Rackspace Hosting at the time of publication. He also had a long-term call options position in Netflix. Check out Tim's web home, portfolio holdings and Foolish writings, or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.The Motley Fool owns shares of Netflix. Motley Fool newsletter services have recommended buying shares of Walt Disney and Netflix. Motley Fool newsletter services have recommended creating a bear put ladder position in Netflix. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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