Lowest-Rated Stocks Positive News Sentiment NASDAQ:RXT Rackspace Technology - RXT Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $3.13 +0.02 (+0.64%) (As of 02/7/2023 12:00 AM ET) Add Compare Share Share Today's Range$3.02▼$3.1750-Day Range$2.55▼$4.9452-Week Range$2.51▼$13.62Volume1.21 million shsAverage Volume1.46 million shsMarket Capitalization$660.77 millionP/E RatioN/ADividend YieldN/APrice Target$7.40 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Rackspace Technology MarketRank™ ForecastAnalyst RatingHold1.91 Rating ScoreUpside/Downside136.4% Upside$7.40 Price TargetShort InterestBearish18.19% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.61Based on 4 Articles This WeekInsider TradingAcquiring Shares$455,000 Bought Last QuarterProj. Earnings Growth-81.48%From $0.54 to $0.10 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.70 out of 5 starsBusiness Services Sector263rd out of 322 stocksComputer Programming, Data Processing, & Other Computer Related Industry48th out of 61 stocks 3.0 Analyst's Opinion Consensus RatingRackspace Technology has received a consensus rating of Hold. The company's average rating score is 1.91, and is based on 1 buy rating, 8 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $7.40, Rackspace Technology has a forecasted upside of 136.4% from its current price of $3.13.Amount of Analyst CoverageRackspace Technology has only been the subject of 2 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted18.19% 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 4.1.Change versus previous monthShort interest in Rackspace Technology has recently increased by 10.71%, 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 2.6 News and Social Media Coverage News SentimentRackspace Technology has a news sentiment score of 1.61. 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 is a higher news sentiment than the 0.42 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Rackspace Technology this week, compared to 4 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 -50% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Rackspace Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Rackspace Technology insiders have bought more of their company's stock than they have sold. Specifically, they have bought $455,000.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 2.10% of the stock of Rackspace Technology is held by insiders. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Rackspace Technology are expected to decrease by -81.48% in the coming year, from $0.54 to $0.10 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Rackspace Technology is -0.98, 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 -0.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioRackspace Technology has a PEG Ratio of 3.39. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioRackspace Technology has a P/B Ratio of 0.50. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Rackspace Technology (NASDAQ:RXT) StockRackspace 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; 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 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 RXT Stock News HeadlinesFebruary 7, 2023 | finance.yahoo.comSaudi Data and AI Authority (SDAIA) and Rackspace Technology Sign Memorandum of UnderstandingFebruary 1, 2023 | finance.yahoo.comRackspace Technology Appoints Leading Technology Executive Anthony Roberts to Board of DirectorsFebruary 7, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...February 1, 2023 | finance.yahoo.comRackspace Technology Government Solutions Receives Authorization to Operate on AWS in Federal EnvironmentJanuary 31, 2023 | finance.yahoo.comCRN Recognizes Rackspace Technology as a Cloud 100 Company for 2023January 31, 2023 | finance.yahoo.comUPDATE: CRN Recognizes Rackspace Technology as a Cloud 100 Company for 2023January 28, 2023 | americanbankingnews.comBrokerages Set Rackspace Technology, Inc. (NASDAQ:RXT) Target Price at $5.50January 24, 2023 | finance.yahoo.comMulticloud Evolution, Strategic Data Practices, and Commoditization of AI Among Key Trends to Watch in 2023, According to Rackspace TechnologyFebruary 7, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...January 18, 2023 | finance.yahoo.comRackspace Technology Announces SDDC Enterprise, Business, and Flex to Help Organizations Manage Private Cloud Workloads and Meet Strategic GoalsJanuary 17, 2023 | finanznachrichten.deRackspace Technology, Inc.: Rackspace Technology Announces Rapid Global Expansion of Services and Solutions for Google CloudJanuary 17, 2023 | finance.yahoo.comRackspace Technology Announces Rapid Global Expansion of Services and Solutions for Google CloudJanuary 16, 2023 | finanznachrichten.deRackspace Technology, Inc.: Rackspace Technology Launches Modern Operations, A New Managed Service Offering for Public CloudJanuary 16, 2023 | finance.yahoo.comRackspace Technology Launches Modern Operations, A New Managed Service Offering for Public CloudDecember 29, 2022 | finance.yahoo.comInvestors Met With Slowing Returns on Capital At Rackspace Technology (NASDAQ:RXT)December 22, 2022 | finance.yahoo.comRackspace leaders depart as turbulent year comes to a closeDecember 22, 2022 | seekingalpha.comRackspace Technology: Wait Until It Proves It Can ExecuteDecember 17, 2022 | benzinga.comSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Rackspace Technology, Inc. - RXTDecember 16, 2022 | finance.yahoo.comAn expert weighs in on how property values around Windcrest will fare in the wake of Rackspace's departureDecember 15, 2022 | bizjournals.comChecking out: As Rackspace plans its HQ move Windcrest preps for what's nextDecember 15, 2022 | finance.yahoo.comRackspace Ransomware Outage Continues Nearly 2 Weeks After It StartedDecember 9, 2022 | finance.yahoo.comRackspace Ransomware Attack Reveals the Cloud’s VulnerabilityDecember 9, 2022 | finance.yahoo.comRackspace Says FBI Probing Outage Affecting Thousands of Small BusinessesDecember 9, 2022 | finance.yahoo.comUpdate on Recent Cybersecurity IncidentDecember 6, 2022 | 247wallst.comRackspace Security Issue Outage Weighs on Shares for Second DayDecember 6, 2022 | finance.yahoo.comRackspace Technology Hosted Exchange Environment UpdateDecember 6, 2022 | finance.yahoo.comRackspace Blames Ransomware Attack For Ongoing Email OutageSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 RXT Company Calendar Last Earnings11/09/2022Today2/07/2023Next Earnings (Estimated)2/28/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Computer programming, data processing, & other computer related Sub-IndustryN/A SectorBusiness Services Current SymbolNASDAQ:RXT CUSIPN/A CIK1810019 Webwww.rackspace.com Phone210-312-4000FaxN/AEmployees6,600Year FoundedN/APrice Target and Rating Average Stock Price Forecast$7.40 High Stock Price Forecast$18.00 Low Stock Price Forecast$2.00 Forecasted Upside/Downside+136.4%Consensus RatingHold Rating Score (0-4)1.91 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)($3.19) Trailing P/E RatioN/A Forward P/E Ratio5.80 P/E Growth3.39Net Income$-218,300,000.00 Net Margins-21.64% Pretax Margin-22.40% Return on Equity12.90% Return on Assets2.52% Debt Debt-to-Equity Ratio4.48 Current Ratio1.25 Quick Ratio1.25 Sales & Book Value Annual Sales$3.01 billion Price / Sales0.22 Cash Flow$3.40 per share Price / Cash Flow0.92 Book Value$6.32 per share Price / Book0.50Miscellaneous Outstanding Shares211,110,000Free Float206,677,000Market Cap$660.77 million OptionableOptionable Beta1.37 Key ExecutivesMr. Amar Maletira (Age 54)Pres, CFO, CEO & Director Comp: $1.43MMs. Holly B. Windham Esq. (Age 57)J.D., EVP, Chief Legal Officer, Chief Ethics & Compliance Officer, Sec. and Chief People Officer Comp: $933.15kMr. Greg Hrncir (Age 48)Chief Operations Officer Mr. Mark A. Marino (Age 47)VP & Chief Accounting Officer Robert WatsonVP of Corp. Fin.Mr. Srini Koushik (Age 59)Exec. VP & CTO Mr. Joseph J. CrivelliVP of Investor RelationsMs. Casey L. Shilling (Age 53)Chief Communications & Marketing Officer Mr. Sandeep Bhargava (Age 50)Sr. VP and MD of Asia Pacific & Japan Mr. Dharmendra Kumar Sinha (Age 60)Pres of Public Cloud Bus. Unit More ExecutivesKey CompetitorsVimeoNASDAQ:VMEOTremor InternationalNASDAQ:TRMRCyxtera TechnologiesNASDAQ:CYXTMicroCloud HologramNASDAQ:HOLOSystem1NYSE:SSTView All CompetitorsInsiders & InstitutionsRice Hall James & Associates LLCSold 1,283,841 shares on 1/27/2023Ownership: 0.266%Strs OhioBought 101,100 shares on 1/26/2023Ownership: 0.078%Counterpoint Mutual Funds LLCBought 32,585 shares on 1/19/2023Ownership: 0.027%Bank of New York Mellon CorpBought 8,489 shares on 12/8/2022Ownership: 0.193%Shashank SamantBought 100,000 shares on 11/29/2022Total: $455,000.00 ($4.55/share)View All Insider TransactionsView All Institutional Transactions RXT Stock - Frequently Asked Questions Should I buy or sell Rackspace Technology stock right now? 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rackspace Technology in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" RXT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RXT, but not buy additional shares or sell existing shares. View RXT analyst ratings or view top-rated stocks. What is Rackspace Technology's stock price forecast for 2023? 11 brokers have issued 1 year price objectives for Rackspace Technology's stock. Their RXT share price forecasts range from $2.00 to $18.00. On average, they predict the company's stock price to reach $7.40 in the next twelve months. This suggests a possible upside of 138.7% from the stock's current price. View analysts price targets for RXT or view top-rated stocks among Wall Street analysts. How have RXT shares performed in 2023? Rackspace Technology's stock was trading at $2.95 at the start of the year. Since then, RXT shares have increased by 5.1% and is now trading at $3.10. View the best growth stocks for 2023 here. When is Rackspace Technology's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023. View our RXT earnings forecast. How were Rackspace Technology's earnings last quarter? Rackspace Technology, Inc. (NASDAQ:RXT) posted its quarterly earnings data on Wednesday, November, 9th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The company earned $787.60 million during the quarter, compared to the consensus estimate of $773.42 million. Rackspace Technology had a positive trailing twelve-month return on equity of 12.90% and a negative net margin of 21.64%. What guidance has Rackspace Technology issued on next quarter's earnings? Rackspace Technology issued an update on its fourth quarter 2022 earnings guidance on Friday, December, 9th. The company provided earnings per share (EPS) guidance of $0.04-$0.06 for the period, compared to the consensus EPS estimate of $0.07. The company issued revenue guidance of $738.00 million-$746.00 million, compared to the consensus revenue estimate of $781.17 million. 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), Block (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 (IPO) 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 served 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 (0.27%), Strs Ohio (0.08%), Counterpoint Mutual Funds LLC (0.03%), Cutler Group LLC CA (0.00%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Amar Maletira, Dhiren R Fonseca, Holly B Windham, Kevin M Jones, Michael Karanikolas, Shashank Samant, Subroto Mukerji, Thomas Wolf, Timothy Campos and Tolga Tarhan. 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 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 $3.10. How much money does Rackspace Technology make? Rackspace Technology (NASDAQ:RXT) has a market capitalization of $654.44 million and generates $3.01 billion in revenue each year. The company earns $-218,300,000.00 in net income (profit) each year or ($3.19) on an earnings per share basis. How many employees does Rackspace Technology have? The company employs 6,600 workers across the globe. How can I contact Rackspace Technology? Rackspace Technology's mailing address is 1 FANATICAL PLACE CITY OF WINDCREST, SAN ANTONIO TX, 78218. The official website for the company is www.rackspace.com. The company can be reached via phone at 210-312-4000 or via email at ir@rackspace.com. This page (NASDAQ:RXT) was last updated on 2/7/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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