LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Rackspace Hosting, Inc. (“Rackspace” or the “Company”) (NYSE: RAX) investors concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the Rackspace investigation page on our website at www.glancylaw.com/case/rackspace-hosting-inc.
The investigation concerns whether Rackspace concealed the impending loss of an important contract with Vodafone, and whether the Company published misleading revenue guidance in 2015. Revelations surrounding the contract loss and guidance revisions caused multiple stock price declines in May and August of 2015, thereby injuring investors.
If you purchased Rackspace securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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