Rackspace Technology, Inc. (RXT)
Market Cap | 401.05M |
Revenue (ttm) | 2.96B |
Net Income (ttm) | -837.80M |
Shares Out | 219.76M |
EPS (ttm) | -3.89 |
PE Ratio | n/a |
Forward PE | 38.61 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 752,447 |
Open | 1.800 |
Previous Close | 1.740 |
Day's Range | 1.785 - 1.870 |
52-Week Range | 1.050 - 3.100 |
Beta | 1.94 |
Analysts | Hold |
Price Target | 2.02 (+10.69%) |
Earnings Date | May 9, 2024 |
About RXT
Rackspace Technology, Inc. operates as a multi cloud technology services company in the Americas, Europe, the Middle East, Africa, and The Asia-Pacific region. It operates through three segments: Multicloud Services, Apps & Cross Platform, and OpenStack Public Cloud. The company provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; professional services related to designing and building multi cloud solutions and cloud-native applications; a... [Read more]
Financial Performance
In 2023, RXT's revenue was $2.96 billion, a decrease of -5.29% compared to the previous year's $3.12 billion. Losses were -$837.80 million, 4.10% more than in 2022.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for RXT stock is "Hold." The 12-month stock price forecast is $2.02, which is an increase of 10.69% from the latest price.
News
Rackspace Technology to Announce First Quarter 2024 Earnings May 9, 2024
SAN ANTONIO, April 24, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT)— the leading end-to-end, hybrid multicloud and AI technology solutions company, today announced that it will relea...
Foundry for AI by Rackspace (FAIR) Partners with OhioX to Drive Responsible AI Adoption in Ohio
Statewide nonprofit technology and innovation trade association promote ethical AI practices, fosters innovation, and drives economic growth in Ohio Statewide nonprofit technology and innovation trade...
Rackspace Technology Announces Final Results of the Exchange Offer Relating to its 3.50% First-Priority Senior Secured Notes due 2028
SAN ANTONIO, April 12, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT) (“Rackspace” or the “Company”), a leading end-to-end hybrid, multicloud, and AI technology solutions company, today ...
GLP Works with Foundry for AI by Rackspace (FAIR) Experts to Integrate Microsoft Azure OpenAI Service to Drive Innovative Asset Management Strategies
Generative AI chatbot integrated with Enterprise Data Lake generates high-quality, actionable answers to complex business queries Generative AI chatbot integrated with Enterprise Data Lake generates h...
Rackspace Technology Participates in Google Cloud Next as a Signature Sponsor to Showcase the Company's Google Cloud Offerings and Partnerships
Rackspace Technology and Google Cloud's cutting-edge Generative AI Services and Solutions on the Rackspace FAIR Practice will be on display Rackspace Technology and Google Cloud's cutting-edge Generat...
Rackspace Technology Announces Increase to Late Exchange Consideration for Exchange Offer Relating to its 3.50% First-Priority Senior Secured Notes due 2028
SAN ANTONIO, March 29, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT) (“Rackspace” or the “Company”), a leading end-to-end hybrid, multicloud, and AI technology solutions company, today ...
Rackspace Technology Announces Early Tender Results of the Exchange Offer Relating to its 3.50% First-Priority Senior Secured Notes due 2028
SAN ANTONIO, March 28, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT) (“Rackspace” or the “Company”), a leading end-to-end hybrid, multicloud, and AI technology solutions company, today ...
Rackspace Technology Launches Rackspace UK Sovereign Services for Secure, Cost-Effective Workloads in the UK Public Sector and Regulated Services
Next generation product set provides end-to-end, digitally sovereign cloud services Next generation product set provides end-to-end, digitally sovereign cloud services
AI Transitioning from Ideation to Industrialization for Critical Business Operations, According to New Rackspace Technology FAIR 2024 AI Research
Study Shows AI Investments Have Doubled in Past Year, Underscoring Accelerated Adoption Study Shows AI Investments Have Doubled in Past Year, Underscoring Accelerated Adoption
Rackspace Technology Migrates IFCO to Microsoft Azure for Cost Optimisation and Enhanced Flexibility to Support its Growth Agenda
MUNICH, Germany, March 20, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end hybrid, multicloud and AI technology services company, has today announced it fully trans...
Rackspace Technology Introduces Rackspace SPOT, Cloud Infrastructure Auctioned in a Real-time Open Market and Delivered as Turnkey, Fully Managed Kubernetes Clusters
SPOT offers cloud infrastructure auctioned in an open market model with a dynamic customer-driven bidding process that sets compute market price SPOT offers cloud infrastructure auctioned in an open m...
Rackspace Technology Announces Launch of Exchange Offer Relating to its 3.50% First-Priority Senior Secured Notes due 2028
SAN ANTONIO, March 14, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT) (“Rackspace” or the “Company”), a leading end-to-end hybrid, multicloud, and AI technology solutions company, throug...
Rackspace Technology Reports Fourth Quarter and Full Year 2023 Results
SAN ANTONIO, March 12, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end hybrid, multicloud, and AI solutions company, today announced results for its fourth quar...
Rackspace Technology Announces Refinancing Transactions, Significantly Reducing Debt and Securing New Money Investment
Company to Receive $275 Million of New Money to Advance Key Strategic Initiatives Company to Launch Public Exchange Offer to All Existing Term Loan Lenders and Secured Note Holders SAN ANTONIO, March ...
Rackspace Technology Participates in Cloud Nirvana Spring 2024 Conference on Designing, Implementing and Executing Enterprise Hybrid and Multicloud Strategies
Conference will explore hybrid and multicloud strategies and the transformative potential of AI, security, compliance, and FinOps challenges, and provide insights into cloud adoption Conference will e...
Rackspace Technology to Announce Fourth Quarter and Full Year 2023 Earnings on March 12, 2024
SAN ANTONIO, March 07, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT) — a leading end-to-end, hybrid, multicloud, and AI solutions company, today announced that it will release its fourt...
Rackspace Technology Participates in ViVE 2024 to Discuss Healthcare Technology Interoperability and Revolutionizing Digital Health Strategies
Curated event for digital health decisions focusing on the business of healthcare to seamlessly orchestrate a patient-centric ecosystem Curated event for digital health decisions focusing on the busin...
Rackspace Technology Named a Major Player in IDC MarketScape: Canadian Managed Multicloud Services 2024 Vendor Assessment
SAN ANTONIO, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, hybrid multicloud technology solutions company, today announced it has been positioned in the...
Foundry for AI by Rackspace Launches a Two-step Flight Plan for Copilot for Microsoft 365
AI-powered companion streamlines tasks, boosts productivity, and unlocks new possibilities AI-powered companion streamlines tasks, boosts productivity, and unlocks new possibilities
Rackspace Technology Appoints Experienced and Seasoned Executive Mark Gross to Board of Directors
Gross brings over 25 years of business experience and executive leadership to Rackspace Gross brings over 25 years of business experience and executive leadership to Rackspace
Rackspace Technology Releases Commitment to Sustainability Report
2023 progress includes reducing carbon footprint, advancing the company's sustainable technology partnerships, workforce empowerment, and impactful community contributions 2023 progress includes reduc...
Rackspace Technology and Google Cloud AI Enable BMG to Process Royalties Ten Times Faster than Before
Groundbreaking service enhancements for artists and songwriters can track music 50% faster Groundbreaking service enhancements for artists and songwriters can track music 50% faster
Rackspace Technology Introduces AI Anywhere, a Cutting-edge Private Cloud Solution Harnessing the Power of Artificial Intelligence and Machine Learning in a Secure Hosting Environment
AI Anywhere is a state-of-the-art offering enabling organizations to harness the power of Artificial Intelligence AI Anywhere is a state-of-the-art offering enabling organizations to harness the power...
Rackspace Technology Promotes Mark Marino to Chief Financial Officer
SAN ANTONIO, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, hybrid multicloud technology solutions company, today announced the appointment of Mark Marino...
Rackspace Technology Launches SDDC Enterprise and Business for SAP with VMware Virtualized Compute, Storage, Networking and Cloud Management
The enterprise-grade solution and SAP-certified pre-configuration based on Dell VxRail is a turnkey experience ready to power innovation The enterprise-grade solution and SAP-certified pre-configurati...