NASDAQ:RXT Rackspace Technology (RXT) Stock Price, News & Analysis $2.27 -0.01 (-0.44%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$2.25▼$2.3750-Day Range$1.85▼$3.0052-Week Range$1.15▼$3.18Volume648,427 shsAverage Volume1.30 million shsMarket Capitalization$508.14 millionP/E RatioN/ADividend YieldN/APrice Target$2.31 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Rackspace Technology alerts: Email Address Rackspace Technology MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside1.8% Upside$2.31 Price TargetShort InterestBearish12.07% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.62Based on 3 Articles This WeekInsider TradingSelling Shares$130,767 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.38) to $0.05 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.0.25 out of 5 starsBusiness Services Sector311th out of 317 stocksComputer Programming, Data Processing, & Other Computer Related Industry58th out of 60 stocks 1.0 Analyst's Opinion Consensus RatingRackspace Technology has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 4 hold ratings, and 2 sell ratings.Amount of Analyst CoverageRackspace Technology has received no research coverage in the past 90 days.Read more about Rackspace Technology's stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted12.07% of the float of Rackspace Technology has been sold short.Short Interest Ratio / Days to CoverRackspace Technology has a short interest ratio ("days to cover") of 6.2.Change versus previous monthShort interest in Rackspace Technology has recently increased by 7.28%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldRackspace Technology does not currently pay a dividend.Dividend GrowthRackspace Technology does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for RXT. Previous Next 2.0 News and Social Media Coverage News SentimentRackspace Technology has a news sentiment score of 0.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Rackspace Technology this week, compared to 3 articles on an average week.Search InterestOnly 4 people have searched for RXT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows3 people have added Rackspace Technology to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Rackspace Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $130,767.00 in company stock.Percentage Held by InsidersOnly 1.00% of the stock of Rackspace Technology is held by insiders.Percentage Held by Institutions82.48% of the stock of Rackspace Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Rackspace Technology's insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Rackspace Technology are expected to grow in the coming year, from ($0.38) to $0.05 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Rackspace Technology is -0.57, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Rackspace Technology is -0.57, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Read more about Rackspace Technology's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad DTIHow a $0.25 cent option contract makes my top traders feelIf you don’t know me, I’ve been in the markets for over 40 years… but recently, I’ve discovered a breakthrough that might be my favorite strategy of ALL time! While I kept the finer details of these $0.25 Cent Trades under wraps until recently…Click now to see for yourself what $0.25 Cent Trades is all about About Rackspace Technology Stock (NASDAQ:RXT)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. It also helps customers establish governance, operational, and architectural frameworks to mitigate risks and reduce inefficiencies to manage costs, achieve industry-specific compliance objectives, and enhance security. In addition, the company offers managed applications, including running large-scale SaaS applications for customers on its and public cloud infrastructure; 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; data services; and professional services related to designing and implementing application, security, and data services. Rackspace Technology, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.Read More RXT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RXT Stock News HeadlinesJuly 22, 2024 | globenewswire.comRackspace Technology to Announce Second Quarter 2024 Earnings August 8, 2024July 17, 2024 | americanbankingnews.comAnalyzing Rackspace Technology (NASDAQ:RXT) and CEVA (NASDAQ:CEVA)July 26, 2024 | MarketBeat (Ad)We just added a $300 account credit to your MarketBeat subscriptionMarketBeat All Access is our complete suite of portfolio monitoring software, research tools, stock screeners, proprietary reports, and more. Upgrade today and get $300 off your 2024-2025 subscription. Free for 30 days.July 16, 2024 | americanbankingnews.comShort Interest in Rackspace Technology, Inc. (NASDAQ:RXT) Increases By 21.6%July 16, 2024 | globenewswire.comBasware chooses Foundry for AI by Rackspace to Simplify Coding of Proprietary Data Integration Processing LanguageJuly 9, 2024 | globenewswire.comRackspace Technology Named a Major Player in IDC MarketScape for Worldwide Cloud Professional ServicesJune 25, 2024 | globenewswire.comRackspace Technology and Mendix Partnership Demonstrates Commitment to Leveraging Innovative Technologies to Transform Businesses and New Growth Opportunities for CustomersJune 19, 2024 | investorplace.com7 Russell 2000 Stocks to Buy Now: June 2024July 26, 2024 | MarketBeat (Ad)We just added a $300 account credit to your MarketBeat subscriptionMarketBeat All Access is our complete suite of portfolio monitoring software, research tools, stock screeners, proprietary reports, and more. Upgrade today and get $300 off your 2024-2025 subscription. Free for 30 days.June 12, 2024 | globenewswire.comRackspace Technology Recognized as a Leader in Frost Radar: Healthcare Enterprise Cloud Managed Services Providers, 2024 for Growth Potential and Innovation in Healthcare EnterpriseJune 4, 2024 | globenewswire.comRackspace Technology Enhances User Experience and Operational Performance for Sharestates through AWS Cloud ModernizationMay 28, 2024 | finanznachrichten.deRackspace Technology, Inc.: Rackspace Technology Cloud Solutions Transforms Video Content Management for Young HollywoodMay 28, 2024 | globenewswire.comRackspace Technology Cloud Solutions Transforms Video Content Management for Young HollywoodMay 23, 2024 | globenewswire.comRackspace Technology Further Establishes Market Leadership by Being Named Dell Technologies Global Alliances Service Provider of the Year, AmericasMay 16, 2024 | globenewswire.comRackspace Technology Epic Infrastructure Managed Services Increases Seattle Children's Epic Electronic Health Record AvailabilityMay 13, 2024 | msn.comTop 5 Tech Stocks That May Plunge In Q2May 10, 2024 | finance.yahoo.comRackspace Technology Inc. Reports First Quarter 2024 Earnings: A Detailed AnalysisMay 10, 2024 | finance.yahoo.comRackspace Technology, Inc. (NASDAQ:RXT) Q1 2024 Earnings Call TranscriptSee More Headlines Receive RXT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Rackspace Technology and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/15/2024Today7/26/2024Next Earnings (Confirmed)8/08/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Computer programming, data processing, & other computer related Sub-IndustryComputer Software Current SymbolNASDAQ:RXT CUSIPN/A CIK1810019 Webwww.rackspace.com Phone210-312-4000FaxN/AEmployees5,800Year FoundedN/APrice Target and Rating Average Stock Price Target$2.31 High Stock Price Target$4.15 Low Stock Price Target$1.00 Potential Upside/Downside+1.8%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)($3.96) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-837,800,000.00 Net Margins-29.99% Pretax Margin-30.35% Return on EquityN/A Return on Assets-1.28% Debt Debt-to-Equity RatioN/A Current Ratio1.05 Quick Ratio1.05 Sales & Book Value Annual Sales$2.96 billion Price / Sales0.17 Cash Flow$4.83 per share Price / Cash Flow0.47 Book Value($0.71) per share Price / Book-3.20Miscellaneous Outstanding Shares223,850,000Free Float221,612,000Market Cap$508.14 million OptionableOptionable Beta1.98 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report Key ExecutivesMr. Amar Maletira (Age 55)President, CEO & Director Comp: $1.62MMr. Dharmendra Kumar Sinha (Age 61)Executive VP & President of Public Cloud Business Unit Comp: $604.15kSagar HebbarHead of Investor RelationsMr. Michael BrossChief Legal Officer, Senior VP & Corporate SecretaryMs. Kathleen SchneiderChief Marketing OfficerMs. Kellie Teal-GuessChief Human Resources OfficerMr. Brian J. Lillie (Age 60)Executive VP & President of Private Cloud Business Unit More ExecutivesKey CompetitorsPaycor HCMNASDAQ:PYCREverCommerceNASDAQ:EVCMSprout SocialNASDAQ:SPTMagniteNASDAQ:MGNISemrushNASDAQ:SEMRView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpBought 32,468 shares on 7/26/2024Ownership: 0.100%Allspring Global Investments Holdings LLCBought 13,345 shares on 7/26/2024Ownership: 0.006%SG Americas Securities LLCSold 17,119 shares on 7/12/2024Ownership: 0.009%Walleye Trading LLCSold 10,000 shares on 5/17/2024Ownership: 0.000%Jacobs Levy Equity Management Inc.Sold 399,021 shares on 5/16/2024Ownership: 0.511%View All Insider TransactionsView All Institutional Transactions RXT Stock Analysis - Frequently Asked Questions How have RXT shares performed this year? Rackspace Technology's stock was trading at $2.00 at the beginning of the year. Since then, RXT stock has increased by 13.5% and is now trading at $2.27. View the best growth stocks for 2024 here. How were Rackspace Technology's earnings last quarter? Rackspace Technology, Inc. (NASDAQ:RXT) posted its earnings results on Wednesday, May, 15th. The company reported ($0.11) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.02. The firm's revenue for the quarter was down 8.9% compared to the same quarter last year. When did Rackspace Technology IPO? Rackspace Technology (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. Who are Rackspace Technology's major shareholders? Rackspace Technology's top institutional investors include Bank of New York Mellon Corp (0.10%), SG Americas Securities LLC (0.01%) and Allspring Global Investments Holdings LLC (0.01%). Insiders that own company stock include Amar Maletira, Kellie Teal-Guess, Srini Koushik, Casey L Shilling, Mark A Marino, Anthony C Roberts and Shashank Samant. View institutional ownership trends. How do I buy shares of Rackspace Technology? Shares of RXT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Rackspace Technology own? Based on aggregate information from My MarketBeat watchlists, some other companies that Rackspace Technology investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), DocuSign (DOCU), Marvell Technology (MRVL), QUALCOMM (QCOM), Block (SQ) and CrowdStrike (CRWD). This page (NASDAQ:RXT) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | SponsoredThis student turned $1,300 into $45,000 in just 4 Months!With the help of S.A.M. (my new AI-powered scanner) it's now easier than ever to find these unique trades... ...Monument Traders Alliance | SponsoredRare signal predicts 50% market drop - before electionThe market is near all-time highs, we're told that unemployment is low, AI's a gift to humanity, and the FED w...Behind the Markets | SponsoredMust-See: Elon’s New Invention is Absolutely InsaneCould Elon's New Device be Bigger than the iPhone? According to 30-year Silicon Valley and Wall Street vete...InvestorPlace | SponsoredElon to Transform U.S. Economy? A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” ...Porter & Company | Sponsored5 Stocks that could triple in a week Robinhood traders have piled $78 billion into this market... Driving tiny tech stock gains of 3,000%, 8,942...Traders Agency | SponsoredMusk’s new company could top a trillion?The investment legend who predicted the rise of Bitcoin, Facebook and streaming services like Netflix… Just...Paradigm Press | Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Rackspace Technology, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Share Rackspace Technology With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.