Morgan Stanley Looks for Revenue Guidance from Rackspace Hosting

In a report published Friday, Morgan Stanley analyst Simon Flannery reiterated an Equal-Weight rating on Rackspace Hosting RAX. In the report, Morgan Stanley noted, “With over a year since the migration to OpenStack, the focus has returned to revenues, specifically the timing of a reacceleration. Though 4Q13 guidance suggests a reacceleration is imminent, providing guidance over a longer horizon will help investors assess the sustainability of growth.” Rackspace Hosting closed on Thursday at $37.70.