NASDAQ:RXT Rackspace Technology (RXT) Stock Price, News & Analysis → Claim Your Complimentary Bitcoin Reward (From Crypto Swap Profits) (Ad) Free RXT Stock Alerts $1.56 -0.03 (-1.89%) (As of 03/18/2024 ET) Add Compare Share Share Today's Range$1.55▼$1.6450-Day Range$1.53▼$2.2152-Week Range$1.05▼$3.10Volume1.59 million shsAverage Volume2.05 million shsMarket Capitalization$337.60 millionP/E RatioN/ADividend YieldN/APrice Target$2.33 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/Downside48.1% Upside$2.31 Price TargetShort InterestHealthy11.69% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.16Based on 29 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.2.55 out of 5 starsBusiness Services Sector111th out of 312 stocksComputer Programming, Data Processing, & Other Computer Related Industry23rd out of 56 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.Price Target Upside/DownsideAccording to analysts' consensus price target of $2.31, Rackspace Technology has a forecasted upside of 48.1% from its current price of $1.56.Amount of Analyst CoverageRackspace Technology has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted11.69% 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 4.4.Change versus previous monthShort interest in Rackspace Technology has recently decreased by 10.66%, indicating that investor sentiment is improving significantly. 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 2.3 News and Social Media Coverage News SentimentRackspace Technology has a news sentiment score of 0.16. 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 is a lower news sentiment than the 0.51 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 29 news articles for Rackspace Technology this week, compared to 4 articles on an average week.Search InterestOnly 5 people have searched for RXT on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.MarketBeat Follows2 people have added Rackspace Technology to their MarketBeat watchlist in the last 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 1.3 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 -0.40, 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 -0.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioRackspace Technology has a P/B Ratio of 0.52. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Colonial MetalsCentral Bank Gold Heist In ProgressWhen central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.That's why we have released our Free Precious Metals Investment Guide. 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 HeadlinesMarch 16, 2024 | finance.yahoo.comRXT Apr 2024 3.000 callMarch 15, 2024 | americanbankingnews.comRackspace Technology (NASDAQ:RXT) Releases Earnings Results, Beats Estimates By $0.01 EPSMarch 19, 2024 | Colonial Metals (Ad)Central Bank Gold Heist In ProgressWhen central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.March 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 19, 2024 | Crypto Swap Profits (Ad)Claim Your Complimentary Bitcoin RewardMany have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.March 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 InvestmentMarch 12, 2024 | benzinga.comRecap: Rackspace Tech Q4 EarningsMarch 12, 2024 | finanznachrichten.deRackspace Technology, Inc.: Rackspace Technology Reports Fourth Quarter and Full Year 2023 ResultsMarch 12, 2024 | investing.comAfter-hours movers: Coinbase and Rackspace decline, and moreMarch 12, 2024 | msn.comRackspace reports softer Q1 guidance after Q4 results beatMarch 12, 2024 | msn.comRackspace Technology announces refinancing transactions to reduce debtMarch 12, 2024 | globenewswire.comRackspace Technology Reports Fourth Quarter and Full Year 2023 ResultsMarch 12, 2024 | globenewswire.comRackspace Technology Announces Refinancing Transactions, Significantly Reducing Debt and Securing New Money InvestmentMarch 12, 2024 | msn.comOptions Volatility and Implied Earnings Moves Today, March 12, 2024March 12, 2024 | benzinga.comRackspace Nears $275M in Restructuring Plan with Creditors: ReportMarch 12, 2024 | msn.comRackspace Technology Likely To Report Q4 Loss; Here Are The Recent Forecast Changes From Wall Street's Most Accurate AnalystsMarch 11, 2024 | globenewswire.comRackspace Technology Participates in Cloud Nirvana Spring 2024 Conference on Designing, Implementing and Executing Enterprise Hybrid and Multicloud StrategiesMarch 11, 2024 | msn.comKingsoft soars 25% after J.P. Morgan upgrades to OverweightMarch 10, 2024 | americanbankingnews.comRackspace Technology (RXT) Set to Announce Earnings on TuesdaySee 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 Earnings3/12/2024Today3/18/2024Next 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/AEmployees6,800Year 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+49.3%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)($3.92) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-804,800,000.00 Net Margins-28.33% Pretax Margin-38.65% Return on Equity-10.18% Return on Assets-0.72% Debt Debt-to-Equity Ratio111.44 Current Ratio1.02 Quick Ratio1.02 Sales & Book Value Annual Sales$2.96 billion Price / Sales0.11 Cash Flow$5.03 per share Price / Cash Flow0.31 Book Value$2.98 per share Price / Book0.52Miscellaneous Outstanding Shares216,410,000Free Float214,243,000Market Cap$337.60 million OptionableOptionable Beta1.99 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.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 CompetitorsTremor InternationalNASDAQ:TRMRNexxen InternationalNASDAQ:NEXNTiga AcquisitionNYSE:TINVCardlyticsNASDAQ:CDLXDada NexusNASDAQ:DADAView All CompetitorsInsiders & InstitutionsVanguard Group Inc.Sold 1,342,648 shares on 3/11/2024Ownership: 1.982%Goldman Sachs Group Inc.Bought 244,748 shares on 3/1/2024Ownership: 0.330%Virtu Financial LLCBought 13,164 shares on 2/26/2024Ownership: 0.006%Amar MaletiraSold 37,446 sharesTotal: $71,896.32 ($1.92/share)Governors Lane LPBought 680,000 shares on 2/16/2024Ownership: 0.000%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 Wall Street research analysts have issued 12 month target prices for Rackspace Technology's shares. Their RXT share price targets range from $1.00 to $4.15. On average, they anticipate the company's stock price to reach $2.31 in the next twelve months. This suggests a possible upside of 48.1% 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 shares have decreased by 22.0% and is now trading at $1.56. 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) issued its earnings results on Tuesday, March, 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.01. The business had revenue of $720 million for 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%. The company's revenue was down 8.5% compared to the same quarter last year. During the same period last year, the business earned $0.06 EPS. What ETF holds Rackspace Technology's stock? Direxion Work From Home ETF holds 309,581 shares of RXT stock, representing 2.11% of its portfolio. What guidance has Rackspace Technology issued on next quarter's earnings? Rackspace Technology updated its first quarter 2024 earnings guidance on Tuesday, March, 12th. The company provided EPS guidance of -0.140--0.120 for the period, compared to the consensus estimate of -0.040. The company issued revenue guidance of $680.0 million-$690.0 million, compared to the consensus revenue estimate of $709.4 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? (RXT) raised $754 million in an initial public offering 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 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. Who are Rackspace Technology's major shareholders? Rackspace Technology's stock is owned by a variety of retail and institutional investors. Top institutional investors include Mackenzie Financial Corp (3.19%), Legal & General Group Plc (2.93%), Vanguard Group Inc. (1.98%), Vanguard Group Inc. (1.98%), Charles Schwab Investment Management Inc. (1.17%) and Governors Lane LP (0.00%). Insiders that own company stock include Amar Maletira, Anthony C Roberts, Brian Lillie, Casey L Shilling, Dharmendra Kumar Sinha, Dhiren R Fonseca, Holly B Windham, Kevin M Jones, Mark A Marino, Michael Karanikolas, Shashank Samant, Srini Koushik, Subroto Mukerji, Timothy Campos and Tolga Tarhan. View institutional ownership trends. 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 3/19/2024 by MarketBeat.com Staff From Our PartnersCentral Bank Gold Heist In ProgressColonial Metals8,788% Return Predicted For THIS Crypto (already up 40% in 6 months)Paradigm PressLike Tiny Crypto Retirement FundsCrypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceThe world’s greatest investmentPorter & CompanySHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academytop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)Traders Agency 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. 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