Rackspace Technology, Inc. (RXT)

Market Cap	651.41M
Revenue (ttm)	2.89B
Net Income (ttm)	-866.40M
Shares Out	223.85M
EPS (ttm)	-3.95
PE Ratio	n/a
Forward PE	n/a
Dividend	n/a
Ex-Dividend Date	n/a

Volume	894,243
Open	2.960
Previous Close	2.930
Day's Range	2.840 - 2.960
52-Week Range	1.150 - 3.179
Beta	1.87
Analysts	Hold
Price Target	2.02 (-30.58%)
Earnings Date	Aug 6, 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...

• Industry: Software - Infrastructure
• Sector: Technology
• IPO Date: Aug 5, 2020
• Employees: 5,800
• Stock Exchange: NASDAQ
• Ticker Symbol: RXT

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.

Analyst Forecast

According to 7 analysts, the average rating for RXT stock is "Hold." The 12-month stock price forecast is $2.02, which is a decrease of -30.58% from the latest price.

Price Target

$2.02

(-30.58% downside)

Analyst Consensus: Hold