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Rackspace Technology NasdaqGS:RXT Stock Report

Last Price

US$1.96

Market Cap

US$424.2m

7D

-2.0%

1Y

-19.3%

Updated

24 Feb, 2024

Data

Company Financials +

Rackspace Technology, Inc.

NasdaqGS:RXT Stock Report

Market Cap: US$424.2m

RXT Stock Overview

Rackspace Technology, Inc. operates as a multi cloud technology services company the Americas, Europe, the Middle East, Africa, and The Asia-Pacific region.

RXT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

Rackspace Technology, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Rackspace Technology
Historical stock prices
Current Share PriceUS$1.96
52 Week HighUS$3.10
52 Week LowUS$1.05
Beta1.91
1 Month Change14.62%
3 Month Change46.27%
1 Year Change-19.34%
3 Year Change-90.68%
5 Year Changen/a
Change since IPO-88.04%

Recent News & Updates

A Look At The Fair Value Of Rackspace Technology, Inc. (NASDAQ:RXT)

Jan 23
A Look At The Fair Value Of Rackspace Technology, Inc. (NASDAQ:RXT)

Recent updates

A Look At The Fair Value Of Rackspace Technology, Inc. (NASDAQ:RXT)

Jan 23
A Look At The Fair Value Of Rackspace Technology, Inc. (NASDAQ:RXT)

Rackspace Technology, Inc. (NASDAQ:RXT) Held Back By Insufficient Growth Even After Shares Climb 33%

Dec 22
Rackspace Technology, Inc. (NASDAQ:RXT) Held Back By Insufficient Growth Even After Shares Climb 33%

These Return Metrics Don't Make Rackspace Technology (NASDAQ:RXT) Look Too Strong

Jul 05
These Return Metrics Don't Make Rackspace Technology (NASDAQ:RXT) Look Too Strong

Returns At Rackspace Technology (NASDAQ:RXT) Appear To Be Weighed Down

Feb 28
Returns At Rackspace Technology (NASDAQ:RXT) Appear To Be Weighed Down

Rackspace Technology (NASDAQ:RXT) Is Looking To Continue Growing Its Returns On Capital

Oct 19
Rackspace Technology (NASDAQ:RXT) Is Looking To Continue Growing Its Returns On Capital

Rackspace's Cloud Transformation Is Promising But The Risks Are High

Oct 07

Rackspace Technology names finance chief as CEO

Sep 26

Rackspace Technology Non-GAAP EPS of $0.17 beats by $0.01, revenue of $772M misses by $12.72M

Aug 09

Rackspace Technology (NASDAQ:RXT) Might Have The Makings Of A Multi-Bagger

Jul 07
Rackspace Technology (NASDAQ:RXT) Might Have The Makings Of A Multi-Bagger

Rackspace Technology: Deep In Busted IPO Territory

Jun 03

Estimating The Fair Value Of Rackspace Technology, Inc. (NASDAQ:RXT)

Apr 03
Estimating The Fair Value Of Rackspace Technology, Inc. (NASDAQ:RXT)

Rackspace Technology (NASDAQ:RXT) Is Looking To Continue Growing Its Returns On Capital

Mar 16
Rackspace Technology (NASDAQ:RXT) Is Looking To Continue Growing Its Returns On Capital

Rackspace Grows Revenue As It Seeks Focus Shift

Dec 21

We Like These Underlying Return On Capital Trends At Rackspace Technology (NASDAQ:RXT)

Nov 28
We Like These Underlying Return On Capital Trends At Rackspace Technology (NASDAQ:RXT)

Shareholder Returns

RXTUS ITUS Market
7D-2.0%-0.5%1.3%
1Y-19.3%42.1%25.6%

Return vs Industry: RXT underperformed the US IT industry which returned 37.9% over the past year.

Return vs Market: RXT underperformed the US Market which returned 23.3% over the past year.

Price Volatility

Is RXT's price volatile compared to industry and market?
RXT volatility
RXT Average Weekly Movement13.4%
IT Industry Average Movement7.5%
Market Average Movement6.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Stable Share Price: RXT's share price has been volatile over the past 3 months.

Volatility Over Time: RXT's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
19986,800Amar Maletirahttps://www.rackspace.com

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.

Rackspace Technology, Inc. Fundamentals Summary

How do Rackspace Technology's earnings and revenue compare to its market cap?
RXT fundamental statistics
Market capUS$424.16m
Earnings (TTM)-US$1.08b
Revenue (TTM)US$3.02b

0.1x

P/S Ratio

-0.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RXT income statement (TTM)
RevenueUS$3.02b
Cost of RevenueUS$2.33b
Gross ProfitUS$694.00m
Other ExpensesUS$1.77b
Earnings-US$1.08b

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)-4.99
Gross Margin22.95%
Net Profit Margin-35.70%
Debt/Equity Ratio-1,728.0%

How did RXT perform over the long term?

See historical performance and comparison
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