Shares of Groupon Inc (NASDAQ:GRPN) ended Friday session in red amid volatile trading. The shares closed down -0.11 points or -2.03% at $5.32 with 2,873,575 shares getting traded. Post opening the session at $5.40, the shares hit an intraday low of $5.32 and an intraday high of $5.43 and the price vacillated in this range throughout the day. The company has a market cap of $2.99 billion and the numbers of outstanding shares have been calculated to be 572.78 million shares.
Groupon Inc (GRPN) operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America, Europe, the Middle East, Africa, and internationally. It also provides deals on products for which it acts as the merchant of record. The company offers deals in various categories, including food and drink, events and activities, beauty and spa, health and fitness, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.
Shares of Rackspace Hosting, Inc. (NYSE:RAX) ended Friday session in red amid volatile trading. The shares closed down -0.15 points or -0.47% at $31.56 with 2,850,375 shares getting traded. Post opening the session at $31.69, the shares hit an intraday low of $31.56 and an intraday high of $31.75 and the price vacillated in this range throughout the day. The company has a market cap of $3.95 billion and the numbers of outstanding shares have been calculated to be 125.81 million shares.
Rackspace Hosting, Inc. (RAX) on September 15, 2016 announced the release of Managed Application Services for Microsoft® Azure®. This new offering introduces Rackspace’s premium Fanatical Support® to customers operating the Sitecore Experience Platform on Azure. Managed Application Services for Microsoft Azure also supports a full range of other digital applications, including Magento®, SAP® Hybris®, Oracle® Commerce, Adobe® Experience Manager, and custom Java® and .Net applications running on Azure. Adding premium, 24x7x365 application expertise and operations support on top of the Azure platform helps Rackspace ensure customers’ ecommerce and web sites deliver optimal performance and reliability.
Managing digital and other mission-critical applications can be extremely complex and time intensive. Many businesses lack the internal resources and expertise needed to effectively architect the right solution for maximum performance, and to monitor and troubleshoot issues across the network, infrastructure and application layers. The new Managed Application Services offering will provide customers with 24×7 access to application and Microsoft Azure experts, which will help companies enhance their app’s performance. These new services allow customers to leverage the benefits of Azure, while receiving the results-obsessed Fanatical Support that they are used to across their Rackspace, Azure and hybrid cloud environments.
“Delivering Managed Application Services to a growing number of businesses running digital applications on top of Microsoft Azure allows us to address a significant need in the market,” said Kyle Metcalf, general manager for Rackspace Digital. “Managing the full range of digital applications requires deep expertise. By bringing our Fanatical Support up the stack to the application layer, we’re able to provide unprecedented value to digital customers on Azure. These customers can now sleep comfortably each night knowing that Rackspace is watching their sites and helping ensure their valuable applications are always operating optimally.”