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Cloud Computing Stocks on the Rise

By Edward F. Moltzen CRN
4:00 PM ET Wed. Jan. 26, 2011
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Rackspace Hosting

Rackspace has been one of the most aggressive hosting providers in the world, fighting for both enterprise-based customers as well as individual, consumer-oriented customers. In addition to hosting infrastructure, Rackspace provides turnkey application solutions like hosted Microsoft SharePoint and web-based email services. It continues to add servers to its infrastructure at a rate of thousands per quarter, and investors have rewarded Rackspace’s tenacity by almost doubling its share price – pumping its value in our fake portfolio by more than 95 percent between Nov. 27, 2009 and Jan. 19, 2011.

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