NASDAQ:RXT Rackspace Technology (RXT) Stock Price, News & Analysis → He Is Giving Away Bitcoin (From Crypto Swap Profits) (Ad) Free RXT Stock Alerts $1.63 -0.05 (-2.98%) (As of 04/24/2024 ET) Add Compare Share Share Today's Range$1.60▼$1.6750-Day Range$1.48▼$2.2152-Week Range$1.05▼$3.10Volume428,763 shsAverage Volume1.33 million shsMarket Capitalization$358.21 millionP/E RatioN/ADividend YieldN/APrice Target$2.31 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Rackspace Technology alerts: Email Address Rackspace Technology MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside41.8% Upside$2.31 Price TargetShort InterestBearish12.97% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.00Based on 4 Articles This WeekInsider TradingSelling Shares$318,164 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.38) to $0.05 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.0.99 out of 5 starsBusiness Services Sector262nd out of 306 stocksComputer Programming, Data Processing, & Other Computer Related Industry55th out of 61 stocks 3.0 Analyst's Opinion Consensus RatingRackspace Technology has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 4 hold ratings, and 2 sell ratings.Amount of Analyst CoverageRackspace Technology has only been the subject of 4 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted12.97% of the float of Rackspace Technology has been sold short.Short Interest Ratio / Days to CoverRackspace Technology has a short interest ratio ("days to cover") of 4.5.Change versus previous monthShort interest in Rackspace Technology has recently decreased by 0.31%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldRackspace Technology does not currently pay a dividend.Dividend GrowthRackspace Technology does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for RXT. Previous Next 0.0 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 4 news articles for Rackspace Technology this week, compared to 3 articles on an average week.Search InterestOnly 1 people have searched for RXT on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Rackspace Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Rackspace Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $318,164.00 in company stock.Percentage Held by InsidersOnly 1.00% of the stock of Rackspace Technology is held by insiders.Percentage Held by Institutions82.48% of the stock of Rackspace Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Rackspace Technology are expected to grow in the coming year, from ($0.38) to $0.05 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Rackspace Technology is -0.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Rackspace Technology is -0.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad WealthPressThe system that called 2023’s top 7 stocks is at it again…Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.Just follow this link here! About Rackspace Technology Stock (NASDAQ: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; and managed hosting and colocation services. It also helps customers establish governance, operational, and architectural frameworks to mitigate risks and reduce inefficiencies to manage costs, achieve industry-specific compliance objectives, and enhance security. In addition, the company offers managed applications, including running large-scale SaaS applications for customers on its and public cloud infrastructure; managed security services in the areas of security threat assessment and prevention, threat detection and response, rapid remediation, governance, and risk and compliance assistance across multiple cloud platforms, as well as privacy and data protection services, including detailed access restrictions and reporting; data services; and professional services related to designing and implementing application, security, and data services. Rackspace Technology, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.Read More RXT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RXT Stock News HeadlinesApril 24, 2024 | globenewswire.comRackspace Technology to Announce First Quarter 2024 Earnings May 9, 2024April 24, 2024 | finance.yahoo.comWhy Rackspace Technology, Inc. (NASDAQ:RXT) Could Be Worth WatchingApril 25, 2024 | Insiders Exposed (Ad)The Hard Truth About Investing For RetirementHere’s the cold, hard truth about investing: The more capital you have, the more risk averse you can afford to be. But when you’re staring down the barrel of retirement and you’ve only got 5, 10, 50 or $100,000 saved, you’ve got to be more aggressive. In an exclusive online training, the Market expert Steven Place is revealing a powerful “roadmap” that’s leading everyday investors to easy, triple-digit wins, even if they don’t have a lot of experience in trading.April 23, 2024 | globenewswire.comFoundry for AI by Rackspace (FAIR) Partners with OhioX to Drive Responsible AI Adoption in OhioApril 20, 2024 | finance.yahoo.comRackspace Technology, Inc. (RXT)April 12, 2024 | globenewswire.comRackspace Technology Announces Final Results of the Exchange Offer Relating to its 3.50% First-Priority Senior Secured Notes due 2028April 7, 2024 | globenewswire.comGLP Works with Foundry for AI by Rackspace (FAIR) Experts to Integrate Microsoft Azure OpenAI Service to Drive Innovative Asset Management StrategiesApril 2, 2024 | globenewswire.comRackspace Technology Participates in Google Cloud Next as a Signature Sponsor to Showcase the Company's Google Cloud Offerings and PartnershipsApril 25, 2024 | Insiders Exposed (Ad)The Hard Truth About Investing For RetirementHere’s the cold, hard truth about investing: The more capital you have, the more risk averse you can afford to be. But when you’re staring down the barrel of retirement and you’ve only got 5, 10, 50 or $100,000 saved, you’ve got to be more aggressive. In an exclusive online training, the Market expert Steven Place is revealing a powerful “roadmap” that’s leading everyday investors to easy, triple-digit wins, even if they don’t have a lot of experience in trading.March 29, 2024 | finance.yahoo.comRackspace Technology Announces Increase to Late Exchange Consideration for Exchange Offer Relating to its 3.50% First-Priority Senior Secured Notes due 2028March 29, 2024 | globenewswire.comRackspace Technology Announces Increase to Late Exchange Consideration for Exchange Offer Relating to its 3.50% First-Priority Senior Secured Notes due 2028March 28, 2024 | globenewswire.comRackspace Technology Announces Early Tender Results of the Exchange Offer Relating to its 3.50% First-Priority Senior Secured Notes due 2028March 27, 2024 | globenewswire.comRackspace Technology Launches Rackspace UK Sovereign Services for Secure, Cost-Effective Workloads in the UK Public Sector and Regulated ServicesMarch 26, 2024 | globenewswire.comAI Transitioning from Ideation to Industrialization for Critical Business Operations, According to New Rackspace Technology FAIR 2024 AI ResearchMarch 20, 2024 | globenewswire.comRackspace Technology Migrates IFCO to Microsoft Azure for Cost Optimisation and Enhanced Flexibility to Support its Growth AgendaMarch 19, 2024 | globenewswire.comRackspace Technology Introduces Rackspace SPOT, Cloud Infrastructure Auctioned in a Real-time Open Market and Delivered as Turnkey, Fully Managed Kubernetes ClustersMarch 16, 2024 | finance.yahoo.comRXT Apr 2024 3.000 callMarch 14, 2024 | finanznachrichten.deRackspace Technology, Inc.: Rackspace Technology Announces Launch of Exchange Offer Relating to its 3.50% First-Priority Senior Secured Notes due 2028March 14, 2024 | globenewswire.comRackspace Technology Announces Launch of Exchange Offer Relating to its 3.50% First-Priority Senior Secured Notes due 2028March 14, 2024 | marketwatch.comRackspace Technology Shares Fall 13% on Private Debt ExchangeMarch 14, 2024 | finance.yahoo.comRackspace Technology Full Year 2023 Earnings: EPS Beats ExpectationsMarch 14, 2024 | msn.comRackspace revenue down after cloud computing restructuring; CEO expects 'slow start' in 2024March 13, 2024 | benzinga.comThese Analysts Revise Their Forecasts On Rackspace Technology After Q4 ResultsMarch 13, 2024 | finance.yahoo.comRackspace Technology, Inc. (NASDAQ:RXT) Q4 2023 Earnings Call TranscriptMarch 13, 2024 | msn.comRackspace Technology Non-GAAP EPS of -$0.03 beats by $0.01, revenue of $719.7M beats by $4.96MMarch 13, 2024 | finance.yahoo.comRackspace Technology Inc (RXT) Reports Decline in Q4 and Full Year 2023 RevenueMarch 12, 2024 | finanznachrichten.deRackspace Technology, Inc.: Rackspace Technology Announces Refinancing Transactions, Significantly Reducing Debt and Securing New Money InvestmentSee More Headlines Receive RXT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Rackspace Technology and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings3/12/2024Today4/24/2024Next Earnings (Estimated)5/14/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Computer programming, data processing, & other computer related Sub-IndustryN/A Current SymbolNASDAQ:RXT CUSIPN/A CIK1810019 Webwww.rackspace.com Phone210-312-4000FaxN/AEmployees5,800Year FoundedN/APrice Target and Rating Average Stock Price Target$2.31 High Stock Price Target$4.15 Low Stock Price Target$1.00 Potential Upside/Downside+41.8%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)($3.92) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-837,800,000.00 Net Margins-28.33% Pretax Margin-28.89% Return on Equity-10.18% Return on Assets-0.74% Debt Debt-to-Equity RatioN/A Current Ratio0.92 Quick Ratio0.92 Sales & Book Value Annual Sales$2.96 billion Price / Sales0.12 Cash Flow$5.09 per share Price / Cash Flow0.32 Book Value($0.71) per share Price / Book-2.30Miscellaneous Outstanding Shares219,760,000Free Float217,557,000Market Cap$358.21 million OptionableOptionable Beta1.94 The 10 Best AI Stocks to Own in 2024Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.Get This Free Report Key ExecutivesMr. Amar Maletira (Age 55)President, CEO & Director Comp: $1.62MMr. Srinivas Koushik (Age 60)Executive VP and President of Technology & Sustainability Comp: $1.48MMr. Dharmendra Kumar Sinha (Age 61)Executive VP & President of Public Cloud Business Unit Comp: $604.15kMr. Mark A. Marino (Age 47)Chief Financial Officer Sagar HebbarHead of Investor RelationsMr. Michael BrossChief Legal Officer, Senior VP & Corporate SecretaryMs. Kathleen SchneiderChief Marketing OfficerMs. Kellie Teal-GuessChief Human Resources OfficerMr. Brian J. Lillie (Age 60)Executive VP & President of Private Cloud Business Unit Mr. Joseph J. CrivelliVice President of Investor RelationsMore ExecutivesKey CompetitorsNexxen InternationalNASDAQ:NEXNTiga AcquisitionNYSE:TINVTremor InternationalNASDAQ:TRMRAdTheorentNASDAQ:ADTHDada NexusNASDAQ:DADAView All CompetitorsInsiders & InstitutionsAmar MaletiraSold 37,446 sharesTotal: $71,896.32 ($1.92/share)Governors Lane LPBought 680,000 shares on 2/16/2024Ownership: 0.000%Governors Lane LPBought 680,000 shares on 2/15/2024Ownership: 0.000%CastleKnight Management LPBought 600,400 shares on 2/14/2024Ownership: 0.277%Aristides Capital LLCBought 75,379 shares on 2/13/2024Ownership: 0.035%View All Insider TransactionsView All Institutional Transactions RXT Stock Analysis - Frequently Asked Questions Should I buy or sell Rackspace Technology stock right now? 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rackspace Technology in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RXT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RXT, but not buy additional shares or sell existing shares. View RXT analyst ratings or view top-rated stocks. What is Rackspace Technology's stock price target for 2024? 8 brokers have issued 1-year price targets for Rackspace Technology's shares. Their RXT share price targets range from $1.00 to $4.15. On average, they predict the company's stock price to reach $2.31 in the next year. This suggests a possible upside of 41.8% from the stock's current price. View analysts price targets for RXT or view top-rated stocks among Wall Street analysts. How have RXT shares performed in 2024? Rackspace Technology's stock was trading at $2.00 at the beginning of the year. Since then, RXT stock has decreased by 18.5% and is now trading at $1.63. View the best growth stocks for 2024 here. When is Rackspace Technology's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our RXT earnings forecast. How were Rackspace Technology's earnings last quarter? Rackspace Technology, Inc. (NASDAQ:RXT) announced its earnings results on Tuesday, March, 12th. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.01. The business earned $720 million during the quarter, compared to the consensus estimate of $714.74 million. Rackspace Technology had a negative trailing twelve-month return on equity of 10.18% and a negative net margin of 28.33%. Rackspace Technology's revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 earnings per share. What guidance has Rackspace Technology issued on next quarter's earnings? Rackspace Technology issued an update on its first quarter earnings guidance on Wednesday, April, 3rd. The company provided earnings per share guidance of ($0.14)-($0.12) for the period, compared to the consensus EPS estimate of ($0.13). The company issued revenue guidance of $680-$690 million, compared to the consensus revenue estimate of $684.21 million. What other stocks do shareholders of Rackspace Technology own? Based on aggregate information from My MarketBeat watchlists, some companies that other Rackspace Technology investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), DocuSign (DOCU), Marvell Technology (MRVL), QUALCOMM (QCOM), Block (SQ), CrowdStrike (CRWD), NIO (NIO), Alibaba Group (BABA) and Teladoc Health (TDOC). When did Rackspace Technology IPO? Rackspace Technology (RXT) raised $754 million in an IPO on Wednesday, August 5th 2020. The company issued 33,500,000 shares at a price of $21.00-$24.00 per share. Goldman Sachs, Citigroup, JPMorgan, RBC Capital Markets and Evercore ISI served as the underwriters for the IPO and Barclays, BMO Capital Markets, Credit Suisse, Deutsche Bank Securities, HSBC, LionTree, Siebert Williams Shank, Drexel Hamilton and Apollo Global Securities were co-managers. How do I buy shares of Rackspace Technology? Shares of RXT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:RXT) was last updated on 4/25/2024 by MarketBeat.com Staff From Our PartnersHe Is Giving Away BitcoinCrypto Swap ProfitsBitcoin Rockets To Record High But Buy THIS InsteadParadigm Presstop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)Traders AgencyUrgent Alert: Biden's IRS Targeting Your Money – Act Fast to Protect It!American AlternativeEmergency: Biden's $20 Trillion Mistake Could Cost YOU!GoldenCrest MetalsFed launches fourth dollar overhaulStansberry Research1970’s computer coder issues shocking A.I. warningTradeSmithExposed: 10 CENT Crypto to Explode April 20th?True Market Insiders Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Rackspace Technology, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
