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back to article Yee-haw! Rackspace shares soar on – gasp – healthy results

When Rackspace's chief executive Lanham Napier shocked analysts with his resignation last quarter, things looked bad for the company. But its latest financial results indicate that the company has weathered the transition. Napier's outgoing comments that the company's numbers looked "pretty darn formidable" have been borne out …

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soaring?

hardly soaring. a couple of months ago up to 38 and now down to 27 bucks. Yesterday was a tiny blip, unless you are a day trader.

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