Thread by @peregreine

1) is a profitable company that Apollo bought out a couple of years ago to take private. It performed well under Apollo's deep pockets and re-focus of providing services as well as hardware. The IPO's first earnings were reported today and was down in the post-market.

2) I added to #PeregrineBreakout as the stock took off during the day yesterday on 9 analyst initiations with price targets over the current price. To flesh out that story, here's Motley Fool's Rich Smith:

fool.com/premium/covera…

3) "For the second quarter ended June 30, posted revenue of $657 million, up 9% from a year earlier and about in line with Wall Street estimates. Non-GAAP profit was 21 cents a share, ahead of the analyst consensus at 15 cents. Bookings were $288 million, up 107%."

4) "For the full year, Rackspace sees revenue rising 9% to 10%, with adjusted earnings per share of 75 to 81 cents a share, bracketing the current Street consensus at 77 cents."

archive.is/ppfmw

6) “The quarter was highlighted by accelerating revenue growth driven by our ramping sales bookings growth over the past year,” CEO Kevin Jones said in a statement.

7) "Rackspace shares jumped 10.5% to $21.35 in Monday’s regular session, on a day the Dow Jones Industrial Average slipped 0.8%. But the stock was off 3.7% to $20.55 around 5:20 p.m. Eastern time."

8) Alert! rallied the further analysts went with their questions to the CEO in the CC. ended the post-market session above yeterday's close. closed at $21.92 in after-market, or up 2.67% over yesterday's close of $21.35.

9) PREVIOUS CLOSE19.33
DAY RANGE20.35 - 22.06
52-WEEK RANGE15.25 - 22.06
ALL-TIME HIGH22.06
AVG. VOLUME (50-DAY)5,450,511

10) PRICE TO BOOK5.47

TOTAL SALES (TTM)2.484 B
REVENUE PER SHARE (TTM)12.17
SHARES OUTSTANDING204.08 M
SHARE FLOAT (%)34.09 M (17.13%)

11) +/- EMA(20)17.80 (+16.63%)
+/- SMA(50)17.80 (+16.63%)
+/- SMA(200)17.80 (+16.63%)
5-DAY PERF.+16.29%

RSI(14)55.89
ATR(14)1.33
ADX(14)43.18
BETA (5Y)7.34

12) One more note of my own: I am going to be watching this one like a Peregrine Falcon, especially the Accumulation/Distribution. I got a feeling the Big Boys on Wall Street will take note of all these analyst initiations with higher price targets.

13) Regardless, tomorrow, this stock will probably continue the breakout, even if it has a fade at the open. I am waiting on a Motley Fool transcription of the earnings call and once I have that, I'll add more notes to this thread.