Rackspace Technology (RXT) Expected to Release Earnings on Monday

Key Points

• Rackspace Technology is expected to report Q3 2026 earnings after the market closes Monday, November 9. Analysts project a loss of $0.0796 per share and revenue of approximately $573.96 million; the earnings call is scheduled for November 10 at 8:30 a.m. ET.
• In its previous quarter, Rackspace reported a loss of $0.08 per share, beating estimates of a $0.09 loss, while revenue of $670.1 million exceeded expectations of $646 million.
• Investor sentiment remains cautious: analysts rate the stock “Reduce,” with a $4.00 consensus price target, while insiders have sold 714,141 shares worth roughly $2.3 million over the past 90 days.

Rackspace Technology (NASDAQ:RXT - Get Free Report) is expected to be posting its Q3 2026 results after the market closes on Monday, November 9th. Analysts expect the company to post earnings of ($0.0796) per share and revenue of $573.96 million for the quarter. Investors can find conference call details on the company's upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Tuesday, November 10, 2026 at 8:30 AM ET.

Rackspace Technology (NASDAQ:RXT - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. The company had revenue of $670.10 million during the quarter, compared to analysts' expectations of $646.00 million.

Rackspace Technology Stock Performance

Shares of Rackspace Technology stock opened at $2.62 on Monday. The company has a market capitalization of $667.76 million, a P/E ratio of -4.03 and a beta of 3.30. The stock has a fifty day simple moving average of $3.40 and a 200 day simple moving average of $3.20. Rackspace Technology has a 12-month low of $0.39 and a 12-month high of $8.60.

Insider Transactions at Rackspace Technology

In other Rackspace Technology news, Director Anthony Scott sold 48,780 shares of the firm's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $4.25, for a total value of $207,315.00. Following the completion of the sale, the director directly owned 180,215 shares of the company's stock, valued at $765,913.75. This trade represents a 21.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gajakarnan Kandiah sold 498,728 shares of the business's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $3.21, for a total value of $1,600,916.88. Following the completion of the sale, the chief executive officer owned 3,684,955 shares in the company, valued at approximately $11,828,705.55. The trade was a 11.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 714,141 shares of company stock worth $2,299,799 in the last ninety days. Company insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RXT. Wall Street Zen downgraded Rackspace Technology from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Weiss Ratings reissued a "sell (d-)" rating on shares of Rackspace Technology in a report on Friday, August 28th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $4.00.

About Rackspace Technology

Rackspace Technology, Inc is a technology services company that helps businesses design, build, operate and optimize information technology environments across public, private and hybrid clouds. Its offerings are intended to support organizations at various stages of cloud adoption, from migration and modernization to ongoing management and optimization.

The company provides managed cloud services for major cloud platforms, including Amazon Web Services, Microsoft Azure and Google Cloud.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.