BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith 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.
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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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