Rackspace Technology, Inc. (RXT)
| Market Cap | 802.85M +177.2% |
| Revenue (ttm) | 2.70B +0.3% |
| Net Income | -159.00M |
| EPS | -0.65 |
| Shares Out | 254.87M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 5,686,004 |
| Open | 3.380 |
| Previous Close | 3.380 |
| Day's Range | 3.100 - 3.500 |
| 52-Week Range | 0.393 - 8.600 |
| Beta | 3.10 |
| Analysts | Hold |
| Price Target | 4.77 (+51.43%) |
| Earnings Date | Aug 10, 2026 |
About RXT
Rackspace Technology, Inc. operates as a hybrid cloud and artificial intelligence solutions company in the United States, the United Kingdom, and internationally. It operates through two segments, Public Cloud and Private Cloud. The company offers programmatic infrastructure, including hardware and services for datacenter compute, network, storage, and data protection; cloud operating systems; platform-as-a-service; private cloud solutions; and private cloud services, such as managed, professional, elastic engineering, and security services, as... [Read more]
Financial Performance
In 2025, Rackspace Technology's revenue was $2.69 billion, a decrease of -1.88% compared to the previous year's $2.74 billion. Losses were -$225.80 million, -73.69% less than in 2024.
Financial StatementsAnalyst Summary
According to 3 analysts, the average rating for RXT stock is "Hold." The 12-month stock price target is $4.77, which is an increase of 51.43% from the latest price.
News
Kaplan Fox Encourages Rackspace Technology, Inc. (RXT) Investors to Contact the Firm Before the Lead Plaintiff Deadline on September 28, 2026
New York, New York--(Newsfile Corp. - August 27, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Rackspace Technology, Inc. ("Rackspace" or the "Compan...
SueWallSt Reminds Shareholders of a Lead Plaintiff Deadline of September 28, 2026 in Rackspace Technology, Inc. Lawsuit - RXT
Chronology alert: between May 7 and July 9, 2026, Rackspace allegedly reaffirmed full-year revenue targets, cut 15% of its workforce, then slashed guidance by $150 million, according to the securities...
Rackspace Technology Launches Rackspace Cloud, Among the First Fully Managed Multitenant Cloud Platforms Built on VMware Cloud Foundation 9.1
New platform gives enterprises elastic VMware capacity ready for virtual machines, Kubernetes, and production AI workloads, with the governance and control regulated industries require New platform gi...
Kaplan Fox Notifies Rackspace Technology, Inc. (RXT) Investors of an Upcoming Lead Plaintiff Deadline on September 28, 2026
New York, New York--(Newsfile Corp. - August 24, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Rackspace Technology, Inc. ("Rackspace" or the "Compan...
Kaplan Fox Encourages Rackspace Technology, Inc. (NASDAQ: RXT) Investors to Contact the Firm Before the Deadline on September 28, 2026 for a Leadership Role
NEW YORK, Aug. 24, 2026 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Rackspace Technology, Inc. (“Rackspace” or the “Company”) (NASDAQ: ...
RXT Stock News: Rackspace Sued for Securities Fraud over Alleged Misrepresentations and Corresponding 33% Stock Drop
A securities fraud class action lawsuit has been filed on behalf of Rackspace investors after its stock plummeted 33.6% because Rackspace allegedly misled investors about its AI efforts and their impa...
Rackspace appoints Chetan Gupta as chief AI officer
Rackspace (RXT) announced the appointment of Chetan Gupta as chief AI officer. Gupta will lead the office of AI, with responsibility for Rackspace’s AI strategy, research, innovation, governance, and ...
RXT Stockholders Have Rights – If You Lost Money Investing in Rackspace Technology, Inc. Contact Robbins LLP for Information About Recovering Your Losses
SAN DIEGO--(BUSINESS WIRE)---- $RXT #AI--Robbins LLP informs investors that a securities class action has been filed on behalf of persons and entities that purchased or otherwise acquired Rackspace Te...
Kaplan Fox Urges Rackspace Technology, Inc. (NASDAQ: RXT) Investors to Contact the Firm Before the Deadline on September 28, 2026
NEW YORK, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Rackspace Technology, Inc. (“Rackspace” or the “Company”) (NASDAQ: ...
Rackspace Technology Appoints Chetan Gupta, Ph.D., as Chief AI Officer to Advance Enterprise and Sovereign AI
SAN ANTONIO, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, today announced the appointment of Chetan Gupta, Ph.D....
Rackspace Technology Earnings Call Transcript: Q2 2026
Q2 revenue grew 1% year-over-year to $670 million, driven by Private Cloud timing benefits, while Public Cloud declined 2%. Strategic AI partnerships and infrastructure investments are expected to drive high-margin growth, with full-year guidance reaffirmed and positive free cash flow projected.
Rackspace Technology Earnings release: Q2 2026
Rackspace Technology released its Q2 2026 earnings on August 11, 2026, summarizing the period's financial results.
Rackspace Technology Quarterly report: Q2 2026
Rackspace Technology has published its Q2 2026 quarterly earnings report on August 11, 2026.
Rackspace Technology Slides: Q2 2026
Rackspace Technology has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on August 11, 2026.
RXT Investor Announcement: Rackspace Sued on behalf of Investors to Recover Losses after AI Effort Issues Lead to 33% Stock Drop
A securities fraud class action lawsuit has been filed on behalf of Rackspace investors after its stock plummeted 33.6% because Rackspace allegedly misled investors about its AI efforts and their impa...
Kaplan Fox Urges Investors of Rackspace Technology, Inc. (RXT) with Significant Losses to Seek a Leadership Role Before September 28, 2026
New York, New York--(Newsfile Corp. - August 7, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Rackspace Technology, Inc. ("Rackspace" or the "Company...
Kaplan Fox Reminds Rackspace Technology, Inc. (NASDAQ: RXT) Investors with Significant Losses to Seek a Leadership Role Before Deadline on September 28, 2026
Kaplan Fox Alerts Rackspace Technology, Inc. (NASDAQ: RXT) Investors to a Securities Class Action Deadline on September 28, 2026 - Contact Kaplan Fox Today
Pranav Nambiar Joins Rackspace Technology to Scale Sovereign AI Infrastructure
SAN ANTONIO, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, today announced the appointment of Pranav Nambiar as S...
Kaplan Fox & Kilsheimer LLP Encourages Rackspace Technology, Inc. (NASDAQ: RXT) Investors to Contact the Firm Before September 28, 2026
Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Rackspace Technology, Inc. (NASDAQ: RXT) on behalf of investors.
Kaplan Fox Reminds Rackspace Technology, Inc. (RXT) Investors Seeking Recovery of the Lead Plaintiff Deadline on September 28, 2026
New York, New York--(Newsfile Corp. - August 5, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Rackspace Technology, Inc. ("Rackspace" or the "Company...
Rackspace Technology to Announce Second Quarter 2026 Earnings on August 11, 2026
SAN ANTONIO, July 30, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, today announced that it will release its second quarte...
Rackspace Technology Receives the Defence Employer Recognition Scheme Gold Award
Award Recognises Rackspace's Continued Commitment to Reservists, Veterans and Military Families Award Recognises Rackspace's Continued Commitment to Reservists, Veterans and Military Families
Rackspace Technology Recognized as a Leader in Two Categories of 2026 ISG Provider Lens®, Private/Hybrid Cloud — Data Center Services Report
Report validates Rackspace's leadership in AI-ready infrastructure, sovereign cloud services, and production-scale enterprise AI operations Report validates Rackspace's leadership in AI-ready infrastr...
BMO sees better AI visibility for Rackspace despite guidance cut
BMO Capital says that while Rackspace’s (RXT) update last week brought a “meaningful reduction” to its fiscal 2026 guidance, the key takeaway is increased visibility into the company’s enterprise AI…
Rackspace Technology Investigation Notice: SueWallSt Notifies Investors of a Pending Investigation Into Rackspace Technology (RXT)
A securities investigation is examining whether Rackspace Technology misled investors regarding its FY2026 outlook before cutting revenue and earnings guidance on July 9, 2026. NEW YORK, July 9, 2026 ...