NASDAQ:RXT Rackspace Technology (RXT) Stock Price, News & Analysis → Move Your Money Before May 1 (From Stansberry Research) (Ad) Free RXT Stock Alerts $1.75 +0.07 (+4.17%) (As of 04/26/2024 ET) Add Compare Share Share Today's Range$1.66▼$1.7750-Day Range$1.48▼$2.2152-Week Range$1.05▼$3.10Volume506,333 shsAverage Volume1.32 million shsMarket Capitalization$384.58 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/Downside32.1% Upside$2.31 Price TargetShort InterestBearish12.35% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.27Based on 4 Articles This WeekInsider TradingSelling Shares$71,896 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.1.60 out of 5 starsBusiness Services Sector239th out of 310 stocksComputer Programming, Data Processing, & Other Computer Related Industry49th out of 60 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 Shorted12.35% 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 4.75%, 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 1.8 News and Social Media Coverage News SentimentRackspace Technology has a news sentiment score of 0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.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 $71,896.00 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 -0.45, 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 -0.45, 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 Prosper Trading AcademyThese AI trades triggered this morning (545% return)If you think a market crash is possible in 2024, I don't know why you're not using this yet. Click Here To Get Your Free Copy 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 26, 2024 | Prosper Trading Academy (Ad)These AI trades triggered this morning (545% return)If you think a market crash is possible in 2024, I don't know why you're not using this yet.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 26, 2024 | Prosper Trading Academy (Ad)These AI trades triggered this morning (545% return)If you think a market crash is possible in 2024, I don't know why you're not using this yet.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 Earnings3/12/2024Today4/26/2024Next Earnings (Confirmed)5/09/2024Fiscal 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+32.1%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 / Sales0.13 Cash Flow$5.65 per share Price / Cash Flow0.31 Book Value($0.71) per share Price / Book-2.46Miscellaneous Outstanding Shares219,760,000Free Float217,557,000Market Cap$384.58 million OptionableOptionable Beta1.94 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. 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 equities 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 equities 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 brokerages have issued 12 month price objectives for Rackspace Technology's shares. Their RXT share price targets range from $1.00 to $4.15. On average, they expect the company's stock price to reach $2.31 in the next twelve months. This suggests a possible upside of 32.1% 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 2024. Since then, RXT stock has decreased by 12.5% and is now trading at $1.75. 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 Thursday, May 9th 2024. View our RXT earnings forecast. How can I listen to Rackspace Technology's earnings call? Rackspace Technology will be holding an earnings conference call on Thursday, May 9th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link. How were Rackspace Technology's earnings last quarter? Rackspace Technology, Inc. (NASDAQ:RXT) posted its quarterly earnings data on Tuesday, March, 12th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. The firm earned $720 million during the quarter, compared to analysts' expectations of $714.74 million. Rackspace Technology had a negative net margin of 28.33% and a negative trailing twelve-month return on equity of 10.18%. The firm's revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.06 EPS. 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 EPS 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 initial public offering (IPO) on Wednesday, August 5th 2020. The company issued 33,500,000 shares at $21.00-$24.00 per share. Goldman Sachs, Citigroup, JPMorgan, RBC Capital Markets and Evercore ISI acted 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. 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