Rackspace Technology, Inc. (RXT)

NASDAQ: RXT · Real-Time Price · USD
1.360
-0.070 (-4.90%)
At close: Jun 12, 2025, 4:00 PM
1.380
+0.020 (1.47%)
After-hours: Jun 12, 2025, 7:46 PM EDT
-4.90%
Market Cap 322.85M
Revenue (ttm) 2.71B
Net Income (ttm) -289.10M
Shares Out 237.39M
EPS (ttm) -1.28
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 1,281,194
Open 1.430
Previous Close 1.430
Day's Range 1.310 - 1.440
52-Week Range 1.000 - 3.409
Beta 2.04
Analysts Hold
Price Target 1.63 (+19.85%)
Earnings Date Aug 7, 2025

About RXT

Rackspace Technology, Inc. operates as a cloud and artificial intelligence solutions company in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company operates in two segments, Public Cloud and Private Cloud. It offers programmatic infrastructure, including hardware and services for compute, network, storage, and data protection services; cloud operating systems; platform-as-a-service; private cloud solutions; and private cloud services, such as managed services, professional services, elastic engineering servic... [Read more]

Sector Technology
IPO Date Aug 5, 2020
Employees 5,100
Stock Exchange NASDAQ
Ticker Symbol RXT
Full Company Profile

Financial Performance

In 2024, Rackspace Technology's revenue was $2.74 billion, a decrease of -7.44% compared to the previous year's $2.96 billion. Losses were -$858.20 million, 2.43% more than in 2023.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for RXT stock is "Hold." The 12-month stock price forecast is $1.63, which is an increase of 19.85% from the latest price.

Price Target
$1.63
(19.85% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Rackspace Study Reveals AI Leaders Are Scaling Agents at 3x the Rate of Their Peers

New research indicates that early adopters with integrated AI strategies are outperforming their peers in terms of productivity, innovation, and business impact New research indicates that early adopt...

16 hours ago - GlobeNewsWire

Enterprises to Advance Cyber Resilience in Public Cloud with Rubrik and Rackspace Technology

SAN ANTONIO, May 21, 2025 (GLOBE NEWSWIRE) -- Rubrik (NYSE: RBRK), a leading cyber resilience company, and Rackspace Technology (NASDAQ: RXT), a leading end-to-end hybrid cloud and AI solutions compan...

Other symbols: RBRK
22 days ago - GlobeNewsWire

Rackspace: Shifting To Higher-Margin Cloud, Amid Risks (Rating Downgrade)

After its sustained decline, Rackspace Technology is now a penny stock, not far from the one-dollar-per-share threshold. This penny stock faces fierce competition from much bigger rivals, while its fi...

25 days ago - Seeking Alpha

Rackspace Technology, Inc. (RXT) Q1 2025 Earnings Conference Call Transcript

Rackspace Technology, Inc. (NASDAQ:RXT) Q1 2025 Earnings Conference Call May 8, 2025 5:00 PM ET Company Participants Sagar Hebbar - Head of IR Amar Maletira - CEO Mark Marino - CFO Conference Call Pa...

5 weeks ago - Seeking Alpha

Rackspace Technology Reports First Quarter 2025 Results

SAN ANTONIO, May 08, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end, hybrid cloud and AI solutions company, today announced results for its first quarter ended...

5 weeks ago - GlobeNewsWire

Enterprises to Redefine Cyber Resilience with Rackspace and Rubrik

SAN FRANCISCO, April 30, 2025 (GLOBE NEWSWIRE) -- LIVE! from RSAC, Rubrik (NYSE: RBRK), a leading cybersecurity company, and Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end hybrid cloud and...

Other symbols: RBRK
6 weeks ago - GlobeNewsWire

Rackspace Technology to Announce First Quarter 2025 Earnings on May 8, 2025

SAN ANTONIO, April 15, 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 first quarter ...

2 months ago - GlobeNewsWire

Rackspace Technology Receives Bronze Award from UK Armed Forces Covenant, Demonstrating Commitment to Veterans and the UK Public Sector

Rackspace receives award for supporting those who serve or have served in the Armed Forces and their families Rackspace receives award for supporting those who serve or have served in the Armed Forces...

2 months ago - GlobeNewsWire

Rackspace Technology Announces Rackspace AI Business, A Comprehensive AI-Ready Platform Engineered to Optimize Enterprise AI Workloads

Fully managed private AI solution combines cutting-edge AI capabilities with enterprise-grade security and privacy protections Fully managed private AI solution combines cutting-edge AI capabilities w...

2 months ago - GlobeNewsWire

10 Great Stocks This "Turnaround Master" Is Buying

One of the greatest truths in investing is that the best deals are often found in chaos. When the market panics, the savvy investor sharpens their knife.

3 months ago - Benzinga

Rackspace Technology Powers Expansion and Application First Customer Engagement with Hybrid Cloud for Domino's Pizza UK & Ireland

Domino's uses hybrid cloud to expand its store network, scale operations during peak demand, and deliver a majority of its orders through digital channels Domino's uses hybrid cloud to expand its stor...

3 months ago - GlobeNewsWire

Rackspace Technology, Inc. (RXT) Q4 2024 Earnings Call Transcript

Rackspace Technology, Inc. (NASDAQ:RXT) Q4 2024 Earnings Conference Call February 20, 2025 5:00 PM ET Company Participants Sagar Hebbar - Head of Investor Relations Amar Maletira - Chief Executive Of...

4 months ago - Seeking Alpha

Rackspace Technology Reports Fourth Quarter and Full Year 2024 Results

SAN ANTONIO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end, hybrid cloud and AI solutions company, today announced results for its fourth quarter and...

4 months ago - GlobeNewsWire

Seattle Children's Signs a Transformative Multi-Year Managed Cloud Agreement with Rackspace Technology

Rackspace's data center transformation program supports Seattle Children's focus on innovation and enhancing patient care Rackspace's data center transformation program supports Seattle Children's foc...

4 months ago - GlobeNewsWire

Rackspace Technology Scales Digital Capabilities and Enhances Customer Experiences for Dealer eProcess on Google Cloud

Leading automotive digital agency now supports dealership websites by managing millions of visitors monthly with a modernized cloud infrastructure Leading automotive digital agency now supports dealer...

4 months ago - GlobeNewsWire

Rackspace Technology Teams Up with Munster Technological University to Launch Ireland's First Quantum Cloud Platform on AWS, Advancing Collaborative Research

QCloud Connects 13 Research Institutes and Fuels 11 Major Quantum Computing Projects to Transform Ireland's Quantum Research Landscape QCloud Connects 13 Research Institutes and Fuels 11 Major Quantum...

4 months ago - GlobeNewsWire

Rackspace Technology Partners with American Logistics to Launch a Customized, Cloud-Native AWS Environment for Enhanced Efficiency and Customer Experience

Solution revolutions non-emergency medical transportation with scalable cloud platform Solution revolutions non-emergency medical transportation with scalable cloud platform

4 months ago - GlobeNewsWire

Rackspace Technology and Dubai Health Partner to Explore Establishing a Healthcare Digital Hub

Mr. Atif Al-Braiki: The Digital Hub will utilize AI and cloud technologies to provide Dubai Health with tailored solutions, enabling us to further optimize our operations and improve patient outcomes ...

4 months ago - GlobeNewsWire

Rackspace Technology to Announce Fourth Quarter 2024 Earnings on February 20, 2025

SAN ANTONIO, Texas, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology®  (NASDAQ: RXT) a leading end-to-end hybrid, multicloud, and AI technology solutions company, today announced that it will re...

5 months ago - GlobeNewsWire

Rackspace Technology Announces Board and Executive Transitions While Re-Affirming Guidance

New board appointment brings AI and data expertise to support Rackspace's growth strategy New board appointment brings AI and data expertise to support Rackspace's growth strategy

5 months ago - GlobeNewsWire

Rackspace Technology Signs UK Armed Forces Covenant, Reinforcing Commitment to Veterans and the UK Public Sector

Pledge highlights Rackspace dedication to supporting those who serve or have served in the Armed Forces, and their families Pledge highlights Rackspace dedication to supporting those who serve or have...

6 months ago - GlobeNewsWire

Rackspace Technology to Participate in the UBS Global Technology and AI Conference

Amar Maletira, Chief Executive Officer, to Participate in a Fireside Chat Amar Maletira, Chief Executive Officer, to Participate in a Fireside Chat

7 months ago - GlobeNewsWire

Rackspace Technology Launches Adaptive Cloud Manager to Support Rapid Growth of Hybrid Cloud Deployments

New offering integrates hybrid cloud information in a centralized location to improve observability, licensing efficiency, and security monitoring across workloads New offering integrates hybrid cloud...

7 months ago - GlobeNewsWire

Rackspace Technology Delivers One of the Largest Third-Party Epic Cloud Deployments for AdventHealth, Covering 53 Hospitals across Nine States

Robust design and migration demonstrate Rackspace's Epic subject matter expertise, private cloud leadership, and innovation

7 months ago - GlobeNewsWire

JBi Digital chooses Rackspace Sovereign Government Cloud for its pursuit of new customers in the UK government services sector

Leading digital transformation agency strengthens its position in the government services sector with Rackspace Sovereign Government Cloud collaboration Leading digital transformation agency strengthe...

7 months ago - GlobeNewsWire