Rackspace Technology, Inc. (RXT)
| Market Cap | 1.37B +317.6% |
| Revenue (ttm) | 2.70B -0.5% |
| Net Income | -146.00M |
| EPS | -0.61 |
| Shares Out | 249.10M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 149,284,372 |
| Open | 3.86 |
| Previous Close | 3.52 |
| Day's Range | 3.75 - 6.00 |
| 52-Week Range | 0.39 - 6.00 |
| Beta | 2.24 |
| Analysts | Hold |
| Price Target | 1.89 (-65.57%) |
| Earnings Date | May 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]
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 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.
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.
Rackspace jumps 64% to $3.72 following earnings report
09:33 EDT Rackspace (RXT) jumps 64% to $3.72 following earnings report
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...
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.
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 ...
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...
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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
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
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
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.
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.
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
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.
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; ...
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’...
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...