Rackspace Technology, Inc. (RXT)

NASDAQ: RXT · Real-Time Price · USD
5.49
+1.97 (55.97%)
At close: May 8, 2026, 4:00 PM EDT
6.17
+0.68 (12.39%)
After-hours: May 8, 2026, 7:59 PM EDT
Market Cap1.37B +317.6%
Revenue (ttm)2.70B -0.5%
Net Income-146.00M
EPS-0.61
Shares Out 249.10M
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume149,284,372
Open3.86
Previous Close3.52
Day's Range3.75 - 6.00
52-Week Range0.39 - 6.00
Beta2.24
AnalystsHold
Price Target1.89 (-65.57%)
Earnings DateMay 7, 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]

Sector Technology
IPO Date Aug 5, 2020
Employees 5,000
Stock Exchange NASDAQ
Ticker Symbol RXT
Full Company Profile

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 Statements

Analyst Summary

According to 5 analysts, the average rating for RXT stock is "Hold." The 12-month stock price target is $1.89, which is a decrease of -65.57% from the latest price.

Price Target
$1.89
(-65.57% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Rackspace Technology Stock (RXT) Soars on a New AI MOU With AMD

Rackspace Technology stock rallied after the company announced an AI MOU with AMD.

Other symbols: AMD
22 hours ago - TipRanks

Rackspace jumps 64% to $3.72 following earnings report

09:33 EDT Rackspace (RXT) jumps 64% to $3.72 following earnings report

1 day ago - TheFly

Rackspace, AMD to establish new category of enterprise AI infrastructure

Rackspace (RXT) and AMD (AMD) announced the signing of a memorandum of understanding establishing a framework for a multiyear strategic partnership to create an Enterprise AI Cloud purpose-built for r...

Other symbols: AMD
1 day ago - TheFly

Rackspace Technology Earnings Call Transcript: Q1 2026

Q1 revenue grew 2% year-over-year to $678M, driven by public cloud, while private cloud saw a 6% decline due to deal timing. The company reaffirmed 2026 guidance, expanded key partnerships, and focused on deleveraging, with a strong pipeline in regulated AI and healthcare.

1 day ago - Transcripts

Rackspace Technology and AMD Sign Memorandum of Understanding to Establish New Category of Governed Enterprise AI Infrastructure

SAN ANTONIO, May 07, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, and AMD today announced the signing of a Memorandum of ...

1 day ago - GlobeNewsWire

Rackspace Technology Reports First Quarter 2026 Results

Revenue of $678 million in the First Quarter, up 2% Year-over-Year Private Cloud Revenue was $235 million, down 6% Year-over-Year Public Cloud Revenue was $443 million, up 7% Year-over-Year First Quar...

1 day ago - GlobeNewsWire

Rackspace Technology to Announce First Quarter 2026 Earnings on May 7, 2026

SAN ANTONIO, April 16, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology®  (NASDAQ: RXT) a leading end-to-end hybrid cloud and AI solutions company, today announced that it will release its first quarter ...

22 days ago - GlobeNewsWire

Rackspace Technology Appoints Paul Soligon and Marco Tesini to Senior Leadership Roles

SAN ANTONIO, April 08, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced the appointments of Paul Soligon as Sen...

4 weeks ago - GlobeNewsWire

Largest borrow rate increases among liquid names

Latest data shows the largest indicative borrow rate increases among liquid option names include: Rackspace Technology (RXT) 14.06% +1.21, Olaplex Holdings (OLPX) 3.80% +1.02, 2x Solana ETF (SOLT) 6.6...

Other symbols: ASHRCPBOLPXSONYUPXI
6 weeks ago - TheFly

Cannell Capital tells Rackspace to sell equity to ease debt

Cannell Capital disclosed a letter sent to Rackspace’s (RXT) board, which states in part: “Accounts under the purview of Cannell Capital LLC have acquired sundry debt securities of Rackspace Technolog...

6 weeks ago - TheFly

Cannell Capital LLC Issues Statement About Rackspace Technology, Inc.

Alta, Wyoming--(Newsfile Corp. - March 26, 2026) - Cannell Capital LLC - Cannell Capital LLC ("CC") sends this letter to Rackspace and its shareholders. "That quirky investment company which has manag...

6 weeks ago - Newsfile Corp

Unusually active option classes on open March 25th

Unusual total active option classes on open include: Cadence Design (CDNS), Chewy (CHWY), Arm Holdings PLC (ARM), DHT Holdings (DHT), FS KKR Capital (FSK), Rackspace Technology (RXT), Eightco Holdings...

Other symbols: ARMCDNSCHWYCIFRDHTFSKM
6 weeks ago - TheFly

Rackspace Technology, Rubrik launch UK Sovereign Cyber Recovery Cloud

Rackspace Technology (RXT) and Rubrik, (RBRK) announced UK Sovereign Cyber Recovery Cloud, a new ransomware cyber recovery solution engineered to protect and restore UK public sector and regulated wor...

Other symbols: RBRK
7 weeks ago - TheFly

Rubrik and Rackspace Technology Launch UK Sovereign Cyber Recovery Cloud

LONDON, March 18, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end hybrid cloud and AI solutions company, and Rubrik , (NYSE: RBRK), the Security and AI Operations C...

7 weeks ago - GlobeNewsWire

Rackspace Technology announces partnership with Uniphore

Rackspace Technology (RXT) announced a strategic partnership with Uniphore to deliver the industry’s first Infrastructure-to-Agents architecture, offered as an outcomes-based service. “For the first t...

2 months ago - TheFly

Rackspace and Uniphore Announce Strategic Partnership to Define a New Category of Infrastructure-to-Agents Architecture Accelerating Enterprise AI Adoption

Rackspace and Uniphore Announce Strategic Partnership to Define a New Category of Infrastructure-to-Agents Architecture Accelerating Enterprise AI Adoption

2 months ago - GlobeNewsWire

Rackspace Stock (RXT) Pulls Back After 68% Surge — Here’s Why

Rackspace Technology ($RXT) shares fell about 10% in early Friday trading after soaring roughly 68% in the prior session, as investors locked in profits following the sharp rally. The surge

2 months ago - TipRanks

Rackspace Technology price target raised to $2.50 from $1.75 at RBC Capital

RBC Capital raised the firm’s price target on Rackspace Technology (RXT) to $2.50 from $1.75 and keeps a Sector Perform rating on the shares. The company’s Q4 results came in

2 months ago - TheFly

Rackspace Technology price target raised to $2 from $1.30 at UBS

UBS raised the firm’s price target on Rackspace Technology (RXT) to $2 from $1.30 and keeps a Neutral rating on the shares.

2 months ago - TheFly

Rackspace Technology Earnings Call Transcript: Q4 2025

Sharpened focus on enterprise AI and platform engineering drove public cloud outperformance and stabilized private cloud. 2026 guidance anticipates private cloud growth, public cloud services momentum, and improved profitability, despite contract transitions.

2 months ago - Transcripts

Rackspace Technology reports Q4 non-GAAP EPS (1c) vs. (2c) last year

Reports Q4 revenue $683M vs. $686M last year. Gajen Kandiah, Chief Executive Officer, stated, “Q4 capped a year of meaningful progress and marks a clear inflection point for Rackspace. We

2 months ago - TheFly

Rackspace Technology sees FY26 non-GAAP EPS (15c)-(20c), consensus (3c)

Sees revenue $2.6B-$2.7B, consensus $2.72B. Sees adjusted EBITDA $305M-$315M.

2 months ago - TheFly

Rackspace Technology Reports Fourth Quarter and Full Year 2025 Results

Fourth Quarter Revenue of $683 million, down 0.4% Year-over-Year; 2025 Revenue of $2,686 million, down 2% Year-over-Year Fourth Quarter Private Cloud Revenue of $241 million, down 10% Year-over-Year; ...

2 months ago - GlobeNewsWire

Unusually active option classes on open February 20th

Unusual total active option classes on open include: Kosmos (KOS), Reinvent Technology Partners (AUR), Denison Mines (DNN), Rackspace Technology (RXT), Advisorshares Pure Us Cannabis ETF (MSOS), Macy’...

Other symbols: AURCELHDNNGOSSKOSMMSOS
2 months ago - TheFly

Rackspace and Palantir Partner to Run Foundry and AIP in Production with Governed Managed Operations

SAN ANTONIO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a hybrid multicloud and AI solutions company, and Palantir Technologies Inc. (NASDAQ: PLTR), a global leader in oper...

2 months ago - GlobeNewsWire