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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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Rackspace Hosting Builds Niche
"RAX is making a niche for itself in the hybrid cloud space; we think the company will have success bringing more enterprise customers on to its platform, which will be an important driver of economic profit growth and shareholder returns although we note RAX's key performance metrics have declined slightly," he explains.Want Private Access to Benzinga Analyst?
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Sales Growth Lower
The report highlights that sales growth decelerated year-over-year from 17.2 percent to 16.92 percent in 2014. EBITDAR and NOPAT margins also felt pressure from "increased competition fromEP Higher
On the other hand, Economic Profit rose from (negative $29.5 million) in 2013 to (negative $2.5 million) last year, "driving Economic Profit Momentum on Sales (ΔEP/Sales) higher. RAX's performance metrics currently rank in the 81st percentile of out our 2,220 company universe."
Overview
Feinseth continued to say that, while the firm still believes that Rackspace is "uniquely positioned to meet the needs of businesses looking for more hands-on cloud services," the substantial ascent in the share price makes the valuation less attractive, as it stands on higher end of the range.Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.