Rackspace Earnings Preview: Will Short-Term Setbacks Hurt the Long-Term Picture?

After the market closes on Monday, Rackspace Hosting (NYSE: RAX ) will report its first quarter results. The current consensus expectation is for Rackspace to report an EPS of $0.14 and $404.86 million revenue. Investors will have high expectations for the company's earnings, as the cloud space has seen higher