Rackspace Technology, Inc. (RXT)

NASDAQ: RXT · IEX Real-Time Price · USD
5.46
-0.02 (-0.36%)
At close: Aug 18, 2022 4:00 PM
5.39
-0.07 (-1.28%)
After-hours: Aug 18, 2022 7:26 PM EDT
-0.36%
Market Cap 1.15B
Revenue (ttm) 3.09B
Net Income (ttm) -196.80M
Shares Out 210.58M
EPS (ttm) -0.92
PE Ratio n/a
Forward PE 10.31
Dividend n/a
Ex-Dividend Date n/a
Volume 631,392
Open 5.43
Previous Close 5.48
Day's Range 5.38 - 5.53
52-Week Range 5.32 - 18.50
Beta 0.86
Analysts Buy
Price Target 7.78 (+42.5%)
Earnings Date Aug 9, 2022

About RXT

Rackspace Technology, Inc. operates as a multi cloud technology services company worldwide. It operates through Multicloud Services and Apps & Cross Platform segments. The company's Multicloud Services segment provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; and professional services related to designing and building multi cloud solutions and cloud-native applications. Its Apps & Cross Platform segment includes managed applications; ma... [Read more...]

Industry Software-Infrastructure
IPO Date Aug 5, 2020
Employees 6,600
Stock Exchange NASDAQ
Ticker Symbol RXT
Full Company Profile

Financial Performance

In 2021, RXT's revenue was $3.01 billion, an increase of 11.17% compared to the previous year's $2.71 billion. Losses were -$218.30 million, -11.19% less than in 2020.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for RXT stock is "Buy." The 12-month stock price forecast is 7.78, which is an increase of 42.49% from the latest price.

Price Target
$7.78
(42.49% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Rackspace Technology has been named a Leader in the 2022 ISG Provider Lens – Microsoft Ecosystems Partners US Report ...

SAN ANTONIO, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), the leader in end-to-end multicloud solutions, today announced that the company has been recognized as a leader in the...

Rackspace Technology Named a Top 15 Sourcing Standout by ISG

SAN ANTONIO, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT)— a leading end-to-end, multicloud technology solutions company, today announced it has been named a Top 15 Sourcing St...

Rackspace Slides as Profits Miss Estimates. The Company Is No Longer for Sale.

The company said it wrapped up a strategic review and decided to go it alone. Two analysts cut their ratings.

Rackspace Shares Slides as Earnings Miss Estimates

The company appears to have wrapped up a strategic review and decided to go it alone, Wall Street has concluded. Two analysts cut their ratings.

Rackspace Technology Enables Konesh Mission Critical Operation for Certified Accounting and Tax Management

SAN ANTONIO, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), the leader in end-to-end multicloud solutions, today announced that Konesh ®, a company that provides managed services...

Rackspace (RXT) Q2 Earnings Surpass Estimates

Rackspace (RXT) delivered earnings and revenue surprises of 6.25% and 1.59%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Rackspace Technology Reports Second Quarter 2022 Results

SAN ANTONIO, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end multicloud technology solutions company, today announced results for its second quarter ende...

Rackspace Technology becomes a Qualified Security Assessor Company with the Payment Card Industry Security Standards ...

LONDON, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), the leader in end-to-end multicloud solutions, today announced it has achieved Qualified Security Assessor Company (QSAC) st...

Rackspace Technology Ranked as a Leader in Two ISG Provider Lens™ Google Cloud Partner Ecosystem U.S. Reports

SAN ANTONIO, July 27, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced it has been named a leader in the U.S. I...

Rackspace Technology Taps Industry Veteran Dharmendra (D K) Sinha as President, Public Cloud Business Unit

SAN ANTONIO, July 20, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced the appointment of the technology indu...

Rackspace Technology Announces GOLD Partnership with Datadog to Diagnose Problems in Application Environments

SAN ANTONIO, July 20, 2022 (GLOBE NEWSWIRE) --  Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced that it has been upgraded to a GOLD pa...

Rackspace Technology to Announce Second Quarter 2022 Earnings on Tuesday, August 9, 2022

SAN ANTONIO, Texas, July 18, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ: RXT) today announced that it will release its second quarter 2022 financial results after the market closes on T...

Rackspace Technology and oak9 Secure Infrastructure as Code and Cloud Operations

Offering automates cloud-native application security from design to production Offering automates cloud-native application security from design to production

Rackspace Technology Introduces a New Cloud DNS v2 API

Programming Interface is Faster, Easier, More Scalable and Accurate for Developers Programming Interface is Faster, Easier, More Scalable and Accurate for Developers

Rackspace Technology Recognized as a Leader in 2022 ISG Provider Lens™ Next-Gen Private/Hybrid Cloud – Data Center Se...

SAN ANTONIO, Texas, July 05, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced that the company has been recogn...

Rackspace Technology Migrates Grupo Milenio from Virtual Environment to Reliable AWS Cloud Architecture Providing Aud...

Move ensures the news organization can support the delivery of digital content to all regions across Mexico during periods of breaking news and high traffic on the website Move ensures the news organiza...

Rackspace Technology Recognized as a Top 50 Inspiring Workplace in EMEA and North America

SAN ANTONIO, June 28, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced receiving Inspiring Workplaces awards f...

Rackspace Technology Selected as Strategic Deployment Partner for Next Phase of VMware Secure Access Service Edge Pla...

VMware SASE To Be Deployed in 20 Global Markets with the Rackspace Technology “Data Center In a Box” Solution VMware SASE To Be Deployed in 20 Global Markets with the Rackspace Technology “Data Center I...

Rancho Valencia Works with Rackspace Technology on Migration to Office 365 to Strengthen Customer Service Standards a...

Upgraded email platform resulted in performance boost of 30% Upgraded email platform resulted in performance boost of 30%

Rackspace Technology Certified as a Most Loved Workplace

Most Loved Workplaces employees are happiest and most satisfied at work Most Loved Workplaces employees are happiest and most satisfied at work

acQyr eXchange (QX) Strategically Engages Rackspace Technology to Evolve the Public Exchange for Gamer Rewards

The QX online Partner Portal is for game developers and publishers to stream, process, and analyze events for offering rewards and incentives to gamers The QX online Partner Portal is for game developer...

Rackspace Technology Answers Government Cloud Professionals' Needs with Rackspace Elastic Engineering for Government

Dedicated pod of experts operates as an extension of internal teams, leveraging the National Institute of Standards and Technology's Five Essential Cloud Characteristics Dedicated pod of experts operate...

Global IT Leaders Wrestling with Cloud Transformation Talent Shortages, According to New Rackspace Technology Research

Organizations Exploring More Sophisticated Cloud Technologies, But are Hampered by Skill Shortages Organizations Exploring More Sophisticated Cloud Technologies, But are Hampered by Skill Shortages

Rackspace (RXT) Tops Q1 Earnings and Revenue Estimates

Rackspace (RXT) delivered earnings and revenue surprises of 4.76% and 0.06%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Rackspace Is for Sale. Again.

The "multi-cloud technology" company said a strategic review concluded the sum of its parts might be worth more than its public market valuation.