RXT Stock Overview Operates as a multi cloud technology services company in the Americas, Europe, the Middle East, Africa, and The Asia-Pacific region. More details
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Rackspace Technology, Inc. Competitors Price History & Performance
Summary of share price highs, lows and changes for Rackspace Technology Historical stock prices Current Share Price US$2.22 52 Week High US$3.41 52 Week Low US$1.45 Beta 2 1 Month Change -17.16% 3 Month Change -6.72% 1 Year Change 11.00% 3 Year Change -83.99% 5 Year Change n/a Change since IPO -86.46%
Recent News & Updates
Consensus EPS estimates fall by 14% Nov 19
Third quarter 2024 earnings: EPS misses analyst expectations Nov 13 Rackspace Technology, Inc. Reports Impairment Charges for the Third Quarter Ended September 30, 2024
Rackspace Technology, Inc. to Report Q3, 2024 Results on Nov 12, 2024 Oct 24
Rackspace Technology, Inc.'s (NASDAQ:RXT) Share Price Is Matching Sentiment Around Its Revenues Oct 09
Rackspace Technology Delivers on Long-standing Commitment to OpenStack Community with Launch of OpenStack Enterprise Aug 20 See more updates
Consensus EPS estimates fall by 14% Nov 19
Third quarter 2024 earnings: EPS misses analyst expectations Nov 13 Rackspace Technology, Inc. Reports Impairment Charges for the Third Quarter Ended September 30, 2024
Rackspace Technology, Inc. to Report Q3, 2024 Results on Nov 12, 2024 Oct 24
Rackspace Technology, Inc.'s (NASDAQ:RXT) Share Price Is Matching Sentiment Around Its Revenues Oct 09
Rackspace Technology Delivers on Long-standing Commitment to OpenStack Community with Launch of OpenStack Enterprise Aug 20
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Aug 13
High number of new directors Aug 13
Rackspace Technology, Inc. Provides Earnings Guidance for the Third Quarter of 2024 Aug 09
Rackspace Technology, Inc. to Report Q2, 2024 Results on Aug 08, 2024 Jul 23 Rackspace Technology, Inc. announced delayed 10-Q filing May 15
Rackspace Technology, Inc. Announces Impairment Charges for the First Quarter Ended March 31, 2024
Rackspace Technology, Inc., Annual General Meeting, Jun 14, 2024 May 01
Rackspace Technology, Inc. to Report Q1, 2024 Results on May 09, 2024 Apr 26
What Does Rackspace Technology, Inc.'s (NASDAQ:RXT) Share Price Indicate? Apr 24
Now 26% overvalued Mar 27
Rackspace Technology Launches Rackspace UK Sovereign Services for Secure, Cost-Effective Workloads in the UK Public Sector and Regulated Services Mar 27
Consensus EPS estimates fall by 21% Mar 22
Full year 2023 earnings: EPS exceeds analyst expectations Mar 13
Now 22% overvalued after recent price rise Mar 11
Improved Revenues Required Before Rackspace Technology, Inc. (NASDAQ:RXT) Stock's 28% Jump Looks Justified Mar 09
Rackspace Technology, Inc. to Report Q4, 2023 Results on Mar 12, 2024 Mar 08
Now 23% overvalued after recent price rise Feb 22
Rackspace Technology, Inc. Announces Board Changes Feb 08
Price target increased by 7.5% to US$2.25 Feb 04
Advisor notifies of intention to sell stock Jan 29
Now 21% overvalued after recent price rise Jan 23
A Look At The Fair Value Of Rackspace Technology, Inc. (NASDAQ:RXT) Jan 23
Rackspace Technology, Inc. Announces Resignation of Naushaza Molu as Executive Vice President Jan 15 Rackspace Technology, Inc. Reaffirms Its Financial Guidance for the Fourth Quarter 2023
Rackspace Technology, Inc. (NASDAQ:RXT) Held Back By Insufficient Growth Even After Shares Climb 33% Dec 22
President recently sold US$144k worth of stock Nov 30
Now 22% undervalued after recent price drop Nov 28
President recently sold US$144k worth of stock Nov 26 Rackspace Technology, Inc. Announces Impairment Charges for the the Third Quarter of 2023
New major risk - Negative shareholders equity Nov 10
Price target decreased by 11% to US$2.30 Nov 07
Rackspace Technology, Inc. to Report Q3, 2023 Results on Nov 07, 2023 Oct 24
Rackspace Technology Appoints Thomas Cole to Board of Directors Oct 06
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Aug 09
Rackspace Technology, Inc. Provides Financial Guidance for the Third Quarter of 2023 Aug 09
Rackspace Technology, Inc. to Report Q2, 2023 Results on Aug 08, 2023 Jul 25
These Return Metrics Don't Make Rackspace Technology (NASDAQ:RXT) Look Too Strong Jul 05
High number of new directors Jun 22
Consensus EPS estimates fall by 256% May 16
Price target decreased by 11% to US$3.00 May 11
First quarter 2023 earnings: EPS misses analyst expectations May 11 Rackspace Technology, Inc. Provides Earnings Guidance for the Second Quarter of Fiscal 2023
Price target decreased by 7.8% to US$3.36 May 03
Returns At Rackspace Technology (NASDAQ:RXT) Appear To Be Weighed Down Feb 28
Full year 2022 earnings: EPS misses analyst expectations Feb 27
Price target decreased by 25% to US$3.95 Feb 23
Rackspace Technology, Inc. to Report Q4, 2022 Results on Feb 22, 2023 Feb 09
Rackspace Technology, Inc. Appoints Anthony Roberts as Member of the Board of Directors Feb 02
Rackspace Technology, Inc. Appoints Michael Bross as Interim Chief Legal Officer Jan 22 Rackspace Technology Announces the Appointment of Brian Lillie as President of Private Cloud Business, Effective January 23, 2023
Price target decreased to US$5.00 Jan 14
Cole & Van Note Announces Filing of Rackspace Ransomware/Data Breach Class Action Against Rackspace Technology, Inc Dec 07
Independent Lead Director recently bought US$455k worth of stock Dec 02
Rackspace Technology, Inc. Appoints Naushaza Molu as Executive Vice President, Effective January 16, 2023 Nov 19
Rackspace Technology Announces Appointment of Bobby Molu as Chief Financial Officer, Effective January 16, 2023 Nov 18
Consensus forecasts updated Nov 16
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Nov 11 Rackspace Technology Announces the Appointment of Shashank Samant as the Lead Director of Its Board of Directors
Rackspace Technology, Inc. Announces That Martin Blackburn Leaves as EVP and Managing Director of the EMEA Region Nov 05 Rackspace Technology, Inc. to Report Q3, 2022 Results on Nov 09, 2022
Rackspace Technology (NASDAQ:RXT) Is Looking To Continue Growing Its Returns On Capital Oct 19
Price target decreased to US$6.13 Oct 11
Rackspace's Cloud Transformation Is Promising But The Risks Are High Oct 07
Rackspace Technology(R) Launches New, Dedicated Cybersecurity Micro Site Oct 07 Rackspace Technology, Inc. Announces CEO Changes
Rackspace Technology names finance chief as CEO Sep 26
Rackspace Launches Multi-Million Dollar Accelerated Migration Program to Move Customers to the Private Cloud Sep 09
No longer forecast to breakeven Aug 27
Consensus EPS estimates fall by 16% Aug 16
No longer forecast to breakeven Aug 11
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Aug 10
Rackspace Technology, Inc. Provides Earnings Guidance for the Third Quarter of 2022 Aug 10
Rackspace Technology Non-GAAP EPS of $0.17 beats by $0.01, revenue of $772M misses by $12.72M Aug 09
Rackspace Technology Announces the Appointment of Dharmendra (D K)Sinha as President Jul 21
Rackspace Technology, Inc. to Report Q2, 2022 Results on Aug 09, 2022 Jul 19
Price target decreased to US$10.94 Jul 15
Rackspace Technology and Oak9 Secure Infrastructure as Code and Cloud Operations Jul 14
Rackspace Technology Introduces a New Cloud DNS v2 API Jul 08
Rackspace Technology (NASDAQ:RXT) Might Have The Makings Of A Multi-Bagger Jul 07 Shareholder Returns RXT US IT US Market 7D 2.3% -1.2% 0.6% 1Y 11.0% 11.0% 23.7%
See full shareholder returns
Return vs Industry: RXT matched the US IT industry which returned 11% over the past year.
Return vs Market: RXT underperformed the US Market which returned 23.7% over the past year.
Price Volatility Is RXT's price volatile compared to industry and market? RXT volatility RXT Average Weekly Movement 9.4% IT Industry Average Movement 8.6% Market Average Movement 6.3% 10% most volatile stocks in US Market 17.5% 10% least volatile stocks in US Market 3.1%
Stable Share Price: RXT has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: RXT's weekly volatility (9%) has been stable over the past year.
About the Company 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.
Show more Rackspace Technology, Inc. Fundamentals Summary How do Rackspace Technology's earnings and revenue compare to its market cap? RXT fundamental statistics Market cap US$502.93m Earnings (TTM ) -US$774.20m Revenue (TTM ) US$2.77b
Earnings & Revenue Key profitability statistics from the latest earnings report (TTM) RXT income statement (TTM ) Revenue US$2.77b Cost of Revenue US$2.20b Gross Profit US$570.00m Other Expenses US$1.34b Earnings -US$774.20m
Last Reported Earnings
Sep 30, 2024
Earnings per share (EPS) -3.40 Gross Margin 20.57% Net Profit Margin -27.94% Debt/Equity Ratio -304.3%
How did RXT perform over the long term?
See historical performance and comparison
Company Analysis and Financial Data Status Data Last Updated (UTC time) Company Analysis 2024/12/30 00:17 End of Day Share Price 2024/12/30 00:00 Earnings 2024/09/30 Annual Earnings 2023/12/31
Data Sources The data used in our company analysis is from S&P Global Market Intelligence LLC . The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
Package Data Timeframe Example US Source * Company Financials 10 years Income statement Cash flow statement Balance sheet Analyst Consensus Estimates +3 years Forecast financials Analyst price targets Market Prices 30 years Stock prices Dividends, Splits and Actions Ownership 10 years Top shareholders Insider trading Management 10 years Leadership team Board of directors Key Developments 10 years
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here .
Analysis Model and Snowflake Details of the analysis model used to generate this report is available on our Github page , we also have guides on how to use our reports and tutorials on Youtube .
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Analyst Sources Rackspace Technology, Inc. is covered by 12 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
Analyst Institution Ramsey El-Assal Barclays Keith Bachman BMO Capital Markets Equity Research Ashwin Shirvaikar Citigroup Inc
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