Articles Tagged with AT&T

CloudComputing

Stacking Up Rackspace Options

CloudComputing

Rackspace’s future has been in question since CEO Lanham Napier stepped down in February of 2014. While Rackspace is a profitable company, it must be feeling the squeeze from larger players like Amazon Web Services, Microsoft, and Google. Amazon and Google in particular have slashed prices for their Platform as a Service (PaaS) products, leaving Rackspace struggling to compete. About a month ago, Rackspace’s shares plunged 25% in one day due to a disappointing earnings report with a tepid next-quarter outlook; its stock has lost more than half its value since January.

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