Rackspace Technology, Inc. (RXT)

NASDAQ: RXT · Real-Time Price · USD
0.9721
-0.0077 (-0.79%)
At close: Apr 1, 2026, 4:00 PM EDT
0.9303
-0.0418 (-4.30%)
Pre-market: Apr 2, 2026, 7:37 AM EDT
Market Cap240.03M -43.4%
Revenue (ttm)2.69B -1.9%
Net Income-225.80M
EPS-0.95
Shares Out 246.91M
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume5,999,689
Open0.9900
Previous Close0.9798
Day's Range0.9031 - 1.0150
52-Week Range0.3930 - 2.7400
Beta1.78
AnalystsHold
Price Target1.71 (+75.91%)
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 6 analysts, the average rating for RXT stock is "Hold." The 12-month stock price target is $1.71, which is an increase of 75.91% from the latest price.

Price Target
$1.71
(75.91% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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 days ago - Newsfile Corp

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...

15 days ago - GlobeNewsWire

Rackspace Stock Up On AI Partnership With Uniphore

The companies said the partnership will integrate Uniphore's Business AI Cloud with Rackspace's private cloud infrastructure to deliver a secure, governed AI private cloud for enterprises.

22 days ago - Benzinga

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

22 days ago - GlobeNewsWire

Rackspace Technology, Inc. (RXT) Q4 2025 Earnings Call Prepared Remarks Transcript

Rackspace Technology, Inc. (RXT) Q4 2025 Earnings Call Prepared Remarks Transcript

4 weeks ago - Seeking Alpha

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; ...

4 weeks ago - GlobeNewsWire

Rackspace Surges 217% From Lows As Stock Tests Key Long-Term Trend Barrier

Rackspace Technology, Inc (NASDAQ:RXT) has staged a sharp technical recovery, with shares climbing roughly 217% from their recent low near $0.40 to about $1.27, bringing the stock directly into contac...

5 weeks ago - Benzinga

Rackspace Soars on Palantir Deal: Will the Hail Mary Save the Stock?

In what could be described as a "Hail Mary" for a company currently treading water at penny-stock levels, Rackspace Technology, Inc. (NASDAQ: RXT) announced a strategic partnership Wednesday with data...

Other symbols: PLTR
6 weeks ago - Benzinga

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...

6 weeks ago - GlobeNewsWire

Rackspace Technology to Announce Fourth Quarter 2025 Earnings on February 26, 2026

SAN ANTONIO, Feb. 10, 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 fourth quarter ...

7 weeks ago - GlobeNewsWire

Joseph Vito Joins Rackspace Technology to Lead Strategic Alliance Partnerships

SAN ANTONIO, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced the appointment of Joseph Vito as Senior...

2 months ago - GlobeNewsWire

Rackspace Technology Secures VMware Sovereign Cloud Certification

LONDON, Jan. 14, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced its UK Sovereign Services has achieved the VM...

2 months ago - GlobeNewsWire

Rackspace Technology Positioned as a Leader in Three Categories of 2025 ISG Provider Lens™ Multi Public Cloud Services Report

SAN ANTONIO, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced it has been positioned as a leader in t...

3 months ago - GlobeNewsWire

Niterra Partners with Rackspace Technology to Accelerate Digital Transformation with Rapid Migration to Google Cloud

SAN ANTONIO, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology®, a leading end-to-end hybrid cloud and AI solutions company, today announced that Niterra EMEA GmbH (hereafter Niterra), a technica...

4 months ago - GlobeNewsWire

Rackspace Technology Receives 2025 AWS Collaboration Partner of the Year Award

LAS VEGAS, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end hybrid, multicloud, and AI solutions company, today announced it is a recipient of a 2025 Geograp...

4 months ago - GlobeNewsWire

Bitcoin could hit new highs by year-end, says Fundstrat's Tom Lee

CNBC's "Closing Bell" team discusses the setup for stocks going into year-end with Tom Lee of Fundstrat.

4 months ago - CNBC Television

Rackspace Technology Appoints Lata Varghese and Phani Kishore Burre to Senior Leadership Roles Driving Cloud and AI Transformation

SAN ANTONIO, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end hybrid, multicloud, and AI solutions company, today announced the appointment of  Lata Varghese...

4 months ago - GlobeNewsWire

Rackspace Technology Unveils AI Launchpad Service - Accelerating AI Adoption and Time to Value

Rackspace Technology announced Rackspace AI launchpad, a secure managed service designed to enable organizations to evaluate, pilot and deploy AI workloads

5 months ago - GlobeNewsWire

Rackspace Technology, Inc. (RXT) Q3 2025 Earnings Call Prepared Remarks Transcript

Rackspace Technology, Inc. ( RXT) Q3 2025 Earnings Call November 6, 2025 5:00 PM EST Company Participants Sagar Hebbar - Head of Investor Relations Gajen Kandiah - Chief Executive Officer Mark Marino...

5 months ago - Seeking Alpha

Rackspace Technology Reports Third Quarter 2025 Results

Revenue of $671 million in the Third Quarter, down 1% Year-over-Year Private Cloud Revenue was $250 million, down 3% Year-over-Year Public Cloud Revenue was $422 million, up 1% Year-over-Year Third Qu...

5 months ago - GlobeNewsWire

Rackspace Technology Releases 2025 Sustainability Report

SAN ANTONIO, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology®, a leading end-to-end hybrid cloud and AI solutions company, today announced the release of its 2025 Sustainability Report showcasi...

5 months ago - GlobeNewsWire

Rackspace Technology to Announce Third Quarter 2025 Earnings on November 6th, 2025

SAN ANTONIO, Oct. 17, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology®  (NASDAQ: RXT) a leading end-to-end hybrid cloud and AI solutions company, today announced that it will release its third quarter 2...

5 months ago - GlobeNewsWire

Total Wine & More Partners with Rackspace Technology to Optimize Performance and Accelerate Innovation Across Its Retail Operations

The retailer's strategic cloud adoption includes migrations to two public cloud platforms, backed by Rackspace managed services The retailer's strategic cloud adoption includes migrations to two publi...

6 months ago - GlobeNewsWire

Rackspace Technology Receives Silver Award from UK Armed Forces Covenant

LONDON, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading provider of end-to-end hybrid and AI technology solutions, today announced it has received the UK Armed Forces ...

6 months ago - GlobeNewsWire

Rackspace Technology Achieves AWS Automotive Competency

SAN ANTONIO, Texas, Sept. 12, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced it has achieved the Amazon Web ...

7 months ago - GlobeNewsWire