RXT Stock Overview
Operates as a multi cloud technology services company in the Americas, Europe, the Middle East, Africa, and The Asia-Pacific region.
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
Rackspace Technology, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$2.57 |
| 52 Week High | US$3.18 |
| 52 Week Low | US$1.15 |
| Beta | 1.98 |
| 11 Month Change | 11.26% |
| 3 Month Change | -13.76% |
| 1 Year Change | 12.23% |
| 33 Year Change | -81.93% |
| 5 Year Change | n/a |
| Change since IPO | -84.32% |
Recent News & Updates
Recent updates
What Does Rackspace Technology, Inc.'s (NASDAQ:RXT) Share Price Indicate?
Apr 24
Improved Revenues Required Before Rackspace Technology, Inc. (NASDAQ:RXT) Stock's 28% Jump Looks Justified
Mar 09A Look At The Fair Value Of Rackspace Technology, Inc. (NASDAQ:RXT)
Jan 23Rackspace Technology, Inc. (NASDAQ:RXT) Held Back By Insufficient Growth Even After Shares Climb 33%
Dec 22These Return Metrics Don't Make Rackspace Technology (NASDAQ:RXT) Look Too Strong
Jul 05Returns At Rackspace Technology (NASDAQ:RXT) Appear To Be Weighed Down
Feb 28Rackspace Technology (NASDAQ:RXT) Is Looking To Continue Growing Its Returns On Capital
Oct 19Rackspace's Cloud Transformation Is Promising But The Risks Are High
Oct 07Rackspace Technology names finance chief as CEO
Sep 26Rackspace Technology Non-GAAP EPS of $0.17 beats by $0.01, revenue of $772M misses by $12.72M
Aug 09Rackspace Technology (NASDAQ:RXT) Might Have The Makings Of A Multi-Bagger
Jul 07Rackspace Technology: Deep In Busted IPO Territory
Jun 03Shareholder Returns
| RXT | US IT | US Market | |
|---|---|---|---|
| 7D | 6.2% | 3.3% | 0.6% |
| 1Y | 12.2% | 23.0% | 32.1% |
Return vs Industry: RXT underperformed the US IT industry which returned 19.4% over the past year.
Return vs Market: RXT underperformed the US Market which returned 31.9% over the past year.
Price Volatility
| RXT volatility | |
|---|---|
| RXT Average Weekly Movement | 10.3% |
| IT Industry Average Movement | 7.7% |
| Market Average Movement | 6.4% |
| 10% most volatile stocks in US Market | 14.9% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: RXT's share price has been volatile over the past 3 months.
Volatility Over Time: RXT's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1998 | 5,800 | Amar Maletira | www.rackspace.com |
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.
Rackspace Technology, Inc. Fundamentals Summary
| RXT fundamental statistics | |
|---|---|
| Market cap | US$551.52m |
| Earnings (TTM) | -US$814.20m |
| Revenue (TTM) | US$2.83b |
0.2x
P/S Ratio-0.7x
P/E RatioIs RXT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RXT income statement (TTM) | |
|---|---|
| Revenue | US$2.83b |
| Cost of Revenue | US$2.24b |
| Gross Profit | US$588.90m |
| Other Expenses | US$1.40b |
| Earnings | -US$814.20m |
Last Reported Earnings
Jun 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | -3.60 |
| Gross Margin | 20.83% |
| Net Profit Margin | -28.79% |
| Debt/Equity Ratio | -391.1% |
How did RXT perform over the long term?
See historical performance and comparison