See allLatest Trade Alerts

Brokerage Partners

Facebook Frenzy Continues: Tech Weekly

Written by: Chris Ciaccia 05/12/12 - 9:30 AM EDT
Tickers in this article: YHOO AAPL CSCO PCLN RAX

Rackspace(RAX) reported weaker-than-expected earnings on Monday, as costs rose and foreign currency affected first-quarter revenue.

The cloud computing-hosting company reported earnings of 17 cents a share on $301 million in revenue. Wall Street analysts polled by Thomson Reuters were looking for earnings of 18 cents a share on $300.53 million in revenue. Rackspace said its total server count increased to 82,438, up from 79,805 in the prior quarter and total customers climbed to 180,866.

Shares plunged 10.3% this week to $52.36.

More Headlines

Next week brings earnings from Salesforce.com(CRM) , Intuit(INTU) and Applied Materials(AMAT) . Of course, the big event will be the Facebook IPO.

That's certainly something which may receive a few "likes" and comments.

Enjoy the weekend everyone.

Interested in more on salesforce.com? See TheStreet Ratings' report card for this stock.

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

-- Written by Chris Ciaccia in New York

>Contact by Email.