'A stunning theme in big data and a company playing both direct premium services and the open source angles. We also have a x50s P/e…and more price competition coming?...
Competition, powerful structural themes and consolidation. Investors need to feel lucky to be active here. Get your timing right though and the rewards will be strong. On that basis, below US$35 I am buying a few'.
Rackspace's Q4/FY numbers came out yesterday after the US close. What did they say? Well, as Seeking Alpha noted:
Yes, the competition from companies such as Amazon and Google continue despite strong growth in public cloud revenues (which include the Rackspace-inspired OpenStack) and just about double digit growth in web hosting.