Rackspace Technology Stock Forecast, Price & News

+0.09 (+0.53 %)
(As of 08/5/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume2.11 million shs
Average Volume1.64 million shs
Market Capitalization$3.56 billion
P/E RatioN/A
Dividend YieldN/A
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About Rackspace Technology

Rackspace Technology, Inc. operates as a multi cloud technology services company worldwide. It operates through Multicloud Services and Apps & Cross Platform segments. The company's 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. Its Apps & Cross Platform segment includes managed applications; 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 and data services; and professional services related to designing and implementing application, security, and data services. The company serves financial, government, healthcare, manufacturing, non-profit, education, consumer goods, oil and gas, media and entertainment, automotive and transportation, food and beverage, travel and hospitality, retail, and public sectors, as well as SaaS and ISV clients. Rackspace Technology, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.


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Industry, Sector and Symbol

Sales & Book Value






Overall MarketRank

2.75 out of 5 stars

Business Services Sector

16th out of 369 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

4th out of 78 stocks

Analyst Opinion: 3.5Community Rank: 5.0Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -
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Rackspace Technology (NASDAQ:RXT) Frequently Asked Questions

Is Rackspace Technology a buy right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rackspace Technology in the last twelve months. There are currently 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Rackspace Technology stock.
View analyst ratings for Rackspace Technology
or view top-rated stocks.

What stocks does MarketBeat like better than Rackspace Technology?

Wall Street analysts have given Rackspace Technology a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Rackspace Technology wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Rackspace Technology?

Rackspace Technology saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 8,270,000 shares, an increase of 22.9% from the June 15th total of 6,730,000 shares. Based on an average trading volume of 1,130,000 shares, the short-interest ratio is presently 7.3 days. Currently, 17.7% of the company's stock are short sold.
View Rackspace Technology's Short Interest

When is Rackspace Technology's next earnings date?

Rackspace Technology is scheduled to release its next quarterly earnings announcement on Wednesday, August 11th 2021.
View our earnings forecast for Rackspace Technology

How can I listen to Rackspace Technology's earnings call?

Rackspace Technology will be holding an earnings conference call on Wednesday, August 11th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Rackspace Technology's earnings last quarter?

Rackspace Technology, Inc. (NASDAQ:RXT) released its quarterly earnings results on Monday, May, 10th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.21 by $0.02. The company earned $725.90 million during the quarter, compared to analyst estimates of $724.67 million. Rackspace Technology had a positive trailing twelve-month return on equity of 14.18% and a negative net margin of 9.41%. The business's quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 earnings per share.
View Rackspace Technology's earnings history

What guidance has Rackspace Technology issued on next quarter's earnings?

Rackspace Technology issued an update on its second quarter 2021 earnings guidance on Thursday, August, 5th. The company provided earnings per share guidance of $0.220-$0.240 for the period, compared to the Thomson Reuters consensus estimate of $0.220. The company issued revenue guidance of $741 million-$744 million, compared to the consensus revenue estimate of $740.66 million.

What price target have analysts set for RXT?

12 brokerages have issued 1 year target prices for Rackspace Technology's shares. Their forecasts range from $24.00 to $44.00. On average, they expect Rackspace Technology's stock price to reach $27.95 in the next twelve months. This suggests a possible upside of 63.5% from the stock's current price.
View analysts' price targets for Rackspace Technology
or view top-rated stocks among Wall Street analysts.

Who are Rackspace Technology's key executives?

Rackspace Technology's management team includes the following people:
  • Mr. Kevin M. Jones, CEO & Director (Age 52, Pay $6.86M)
  • Mr. Amar Maletira, Pres & CFO (Age 52, Pay $1.15M)
  • Ms. Holly B. Windham Esq., J.D., EVP, Chief Legal Officer, Chief Ethics & Compliance Officer, Sec. and Chief People Officer (Age 55, Pay $1.1M)
  • Mr. Martin H. Blackburn, Managing Director of EMEA (Age 53, Pay $1.63M)
  • Mr. Subroto Mukerji, Exec. VP & COO (Age 60)
  • Mr. Tolga Tarhan, Chief Technology Officer (Age 38)
  • Mr. Joseph J. Crivelli, VP of Investor Relations
  • Ms. Zarina Lam Stanford, Chief Communications & Marketing Officer (Age 62)
  • Mr. Thomas Wolf, Sr. VP of Global Sales Strategy & Operations (Age 37)
  • Mr. Sandeep Bhargava, Managing Director of Asia Pacific & Japan (Age 48)

Who are some of Rackspace Technology's key competitors?

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), Square (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 a price of $21.00-$24.00 per share. Goldman Sachs, Citigroup, JPMorgan, RBC Capital Markets and Evercore ISI acted 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.

What is Rackspace Technology's stock symbol?

Rackspace Technology trades on the NASDAQ under the ticker symbol "RXT."

Who are Rackspace Technology's major shareholders?

Rackspace Technology's stock is owned by a variety of institutional and retail investors. Top institutional investors include Rice Hall James & Associates LLC (0.75%), Envestnet Asset Management Inc. (0.35%), Hosking Partners LLP (0.25%), Usca Ria LLC (0.05%), Los Angeles Capital Management LLC (0.05%) and Russell Investments Group Ltd. (0.04%). Company insiders that own Rackspace Technology stock include Amar Maletira, Dhiren R Fonseca, Holly B Windham, Kevin M Jones, Michael Karanikolas, Subroto Mukerji, Thomas Wolf, Timothy Campos and Tolga Tarhan.
View institutional ownership trends for Rackspace Technology

Which institutional investors are selling Rackspace Technology stock?

RXT stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Usca Ria LLC, Hosking Partners LLP, US Bancorp DE, Advisor Group Holdings Inc., Los Angeles Capital Management LLC, and Cutler Group LP. Company insiders that have sold Rackspace Technology company stock in the last year include Dhiren R Fonseca, Holly B Windham, Michael Karanikolas, Subroto Mukerji, Thomas Wolf, Timothy Campos, and Tolga Tarhan.
View insider buying and selling activity for Rackspace Technology
or view top insider-selling stocks.

Which institutional investors are buying Rackspace Technology stock?

RXT stock was bought by a variety of institutional investors in the last quarter, including Rice Hall James & Associates LLC, Russell Investments Group Ltd., Alliancebernstein L.P., Rhumbline Advisers, New York State Common Retirement Fund, DAVENPORT & Co LLC, and Ocean Capital Management LLC. Company insiders that have bought Rackspace Technology stock in the last two years include Amar Maletira, Kevin M Jones, and Subroto Mukerji.
View insider buying and selling activity for Rackspace Technology
or or view top insider-buying stocks.

How do I buy shares of Rackspace Technology?

Shares of RXT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Rackspace Technology's stock price today?

One share of RXT stock can currently be purchased for approximately $17.10.

How much money does Rackspace Technology make?

Rackspace Technology has a market capitalization of $3.55 billion and generates $2.71 billion in revenue each year. The company earns $-245,800,000.00 in net income (profit) each year or $0.83 on an earnings per share basis.

How many employees does Rackspace Technology have?

Rackspace Technology employs 7,200 workers across the globe.

What is Rackspace Technology's official website?

The official website for Rackspace Technology is

Where are Rackspace Technology's headquarters?

Rackspace Technology is headquartered at 1 FANATICAL PLACE CITY OF WINDCREST, SAN ANTONIO TX, 78218.

How can I contact Rackspace Technology?

Rackspace Technology's mailing address is 1 FANATICAL PLACE CITY OF WINDCREST, SAN ANTONIO TX, 78218. The company can be reached via phone at 210-312-4000 or via email at [email protected]

This page was last updated on 8/5/2021 by Staff
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