Rackspace Technology, Inc. (RXT)

Market Cap	576.89M
Revenue (ttm)	2.77B
Net Income (ttm)	-774.20M
Shares Out	227.57M
EPS (ttm)	-3.49
PE Ratio	n/a
Forward PE	n/a
Dividend	n/a
Ex-Dividend Date	n/a

Volume	381,272
Open	2.620
Previous Close	2.650
Day's Range	2.470 - 2.620
52-Week Range	1.340 - 3.409
Beta	2.00
Analysts	Hold
Price Target	2.47 (-2.56%)
Earnings Date	Nov 12, 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
• Website: https://www.rackspace.com

Financial Performance

In 2023, Rackspace Technology'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 6 analysts, the average rating for RXT stock is "Hold." The 12-month stock price forecast is $2.47, which is a decrease of -2.56% from the latest price.

Price Target

$2.47

(-2.56% downside)

Analyst Consensus: Hold