Rackspace Technology, Inc. (RXT)

NASDAQ: RXT · IEX Real-Time Price · USD
2.070
-0.010 (-0.48%)
At close: Feb 27, 2024, 4:00 PM
2.100
+0.030 (1.45%)
After-hours: Feb 27, 2024, 7:25 PM EST
-0.48%
Market Cap 447.96M
Revenue (ttm) 3.02B
Net Income (ttm) -1.08B
Shares Out 216.41M
EPS (ttm) -5.06
PE Ratio n/a
Forward PE 38.61
Dividend n/a
Ex-Dividend Date n/a
Volume 894,382
Open 2.080
Previous Close 2.080
Day's Range 2.060 - 2.170
52-Week Range 1.050 - 3.100
Beta 1.91
Analysts Hold
Price Target 2.11 (+1.93%)
Earnings Date Mar 12, 2024

About RXT

Rackspace Technology, Inc. operates as a multi cloud technology services company the Americas, Europe, the Middle East, Africa, and The Asia-Pacific region. It operates through two segments, Multicloud Services and Apps & Cross Platform. The 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. The App... [Read more]

Sector Technology
IPO Date Aug 5, 2020
Employees 6,800
Stock Exchange NASDAQ
Ticker Symbol RXT
Full Company Profile

Financial Performance

In 2022, RXT's revenue was $3.12 billion, an increase of 3.75% compared to the previous year's $3.01 billion. Losses were -$804.80 million, 268.7% more than in 2021.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for RXT stock is "Hold." The 12-month stock price forecast is $2.11, which is an increase of 1.93% from the latest price.

Price Target
$2.11
(1.93% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Rackspace Technology Participates in ViVE 2024 to Discuss Healthcare Technology Interoperability and Revolutionizing Digital Health Strategies

Curated event for digital health decisions focusing on the business of healthcare to seamlessly orchestrate a patient-centric ecosystem Curated event for digital health decisions focusing on the busin...

6 days ago - GlobeNewsWire

Rackspace Technology Named a Major Player in IDC MarketScape: Canadian Managed Multicloud Services 2024 Vendor Assessment

SAN ANTONIO, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, hybrid multicloud technology solutions company, today announced it has been positioned in the...

6 days ago - GlobeNewsWire

Foundry for AI by Rackspace Launches a Two-step Flight Plan for Copilot for Microsoft 365

AI-powered companion streamlines tasks, boosts productivity, and unlocks new possibilities AI-powered companion streamlines tasks, boosts productivity, and unlocks new possibilities

14 days ago - GlobeNewsWire

Rackspace Technology Appoints Experienced and Seasoned Executive Mark Gross to Board of Directors

Gross brings over 25 years of business experience and executive leadership to Rackspace Gross brings over 25 years of business experience and executive leadership to Rackspace

19 days ago - GlobeNewsWire

Rackspace Technology Releases Commitment to Sustainability Report

2023 progress includes reducing carbon footprint, advancing the company's sustainable technology partnerships, workforce empowerment, and impactful community contributions 2023 progress includes reduc...

5 weeks ago - GlobeNewsWire

Rackspace Technology and Google Cloud AI Enable BMG to Process Royalties Ten Times Faster than Before

Groundbreaking service enhancements for artists and songwriters can track music 50% faster Groundbreaking service enhancements for artists and songwriters can track music 50% faster

5 weeks ago - GlobeNewsWire

Rackspace Technology Introduces AI Anywhere, a Cutting-edge Private Cloud Solution Harnessing the Power of Artificial Intelligence and Machine Learning in a Secure Hosting Environment

AI Anywhere is a state-of-the-art offering enabling organizations to harness the power of Artificial Intelligence AI Anywhere is a state-of-the-art offering enabling organizations to harness the power...

5 weeks ago - GlobeNewsWire

Rackspace Technology Promotes Mark Marino to Chief Financial Officer

SAN ANTONIO, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, hybrid multicloud technology solutions company, today announced the appointment of Mark Marino...

6 weeks ago - GlobeNewsWire

Rackspace Technology Launches SDDC Enterprise and Business for SAP with VMware Virtualized Compute, Storage, Networking and Cloud Management

The enterprise-grade solution and SAP-certified pre-configuration based on Dell VxRail is a turnkey experience ready to power innovation The enterprise-grade solution and SAP-certified pre-configurati...

2 months ago - GlobeNewsWire

Artificial Intelligence (AI) and Cloud Transformation Dominate IT Investment Priorities for 2024, According to the New Rackspace Technology Survey, in Association with VMware

Businesses continue to grapple with IT recruitment and training challenges as they seek to keep up with accelerating technology advancements Businesses continue to grapple with IT recruitment and trai...

2 months ago - GlobeNewsWire

Rackspace Technology Participates in Microsoft Ignite to Showcase the Company's Microsoft Offerings and Partnerships

Rackspace Technology and Microsoft cutting-edge Generative AI Services and Solutions using the FAIR Practice will be on display

3 months ago - GlobeNewsWire

Rackspace Technology Named CRN 2023 IoT Innovator Award Winner for Fueling the Real-World Data Revolution

CRN's seventh annual IoT Innovators Awards honors solution providers that are driving IoT innovation forward CRN's seventh annual IoT Innovators Awards honors solution providers that are driving IoT i...

3 months ago - GlobeNewsWire

Rackspace Technology Reports Third Quarter 2023 Results

SAN ANTONIO, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end, hybrid multicloud technology solutions company, today announced results for its third qua...

4 months ago - GlobeNewsWire

Rackspace Technology Launches Rackspace Managed Cloud, Revolutionizing Multi and Hybrid Cloud Management

Comprehensive service powered by Rackspace Cloud Management Platform designed to empower customers by fully outsourcing the management and operations of their cloud environments Comprehensive service ...

4 months ago - GlobeNewsWire

Rackspace Technology to Announce Third Quarter 2023 Earnings on Tuesday, November 7, 2023

SAN ANTONIO, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT) — a leading end-to end, hybrid multicloud technology solutions company, today announced that it will release its thi...

4 months ago - GlobeNewsWire

Foundry for AI by Rackspace Partners with Straits Interactive to Launch AI Data Protection Officer on Microsoft Azure OpenAI Service

Development of the APJ's first AI Data Protection Officer Assistant with Rackspace Technology's secure multicloud solutions and integration with Microsoft Azure OpenAI Service Development of the APJ's...

4 months ago - GlobeNewsWire

Rackspace Technology Appoints Leading Investment Banking Executive Thomas Cole to Board of Directors

Cole brings over 37 years of Wall Street experience and wealth of executive leadership to Rackspace Cole brings over 37 years of Wall Street experience and wealth of executive leadership to Rackspace

5 months ago - GlobeNewsWire

Artificial Intelligence (AI) Initiatives Driving Increased Focus on Cybersecurity, According to New Rackspace Technology Survey, in Association with Microsoft

AI seen as both potential vector for cyberattacks and enabler of resiliency; Organizations prioritize investment in cloud-native security but lack internal expertise AI seen as both potential vector f...

5 months ago - GlobeNewsWire

Rackspace Technology Taps Palo Alto Networks for Comprehensive Cybersecurity Solutions

Strengthening customers' ability to stay ahead of evolving cyber threats Strengthening customers' ability to stay ahead of evolving cyber threats

5 months ago - GlobeNewsWire

Rackspace Technology Launches Intelligent Co-worker for the Enterprise to Make Generative Artificial Intelligence Accessible Worldwide

Game-changing AI/ML solution to easily leverage available data sources to create new insights, increase productivity, and enable better customer outcomes Game-changing AI/ML solution to easily leverag...

6 months ago - GlobeNewsWire

Rackspace Technology is Named Inspiring Workplaces Winner in EMEA, North America, and Australasia – All Three of the Program's Award Regions

SAN ANTONIO, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT) — a leading end-to-end, multicloud solutions company, today announced being named the winner of the Inspiring Workpl...

6 months ago - GlobeNewsWire

Rackspace Technology Launches FAIR AI Diagnostic, Allowing Organizations to Baseline AI Readiness and Receive Tailored Recommendations on Next Steps in Minutes

The free AI solution distills key AI best practices gleaned from hundreds of customer use cases and collective technology experience

6 months ago - GlobeNewsWire

Rackspace Technology Participates in Google Cloud Next to Showcase the Company's Google Cloud Offerings and Partnerships

Rackspace Technology and Google Cloud's cutting-edge Generative AI Services and Solutions using the FAIR Practice will be on display Rackspace Technology and Google Cloud's cutting-edge Generative AI ...

6 months ago - GlobeNewsWire

Rackspace Technology Announces New Professional Services Collaboration with Google Cloud to Accelerate VM Migrations

Ongoing collaboration between Rackspace and Google Cloud reinforces partner strategy Ongoing collaboration between Rackspace and Google Cloud reinforces partner strategy

6 months ago - GlobeNewsWire

Rackspace Technology Participates in VMware Explore to Showcase the Company's Private Cloud Portfolio

For over 15 years, Rackspace Technology and VMware have worked together to empower the future of the cloud For over 15 years, Rackspace Technology and VMware have worked together to empower the future...

6 months ago - GlobeNewsWire