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NASDAQ:RXT

Rackspace Technology Stock Forecast, Price & News

$18.08
+0.20 (+1.12 %)
(As of 09/25/2020 10:59 AM ET)
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Compare
Today's Range
$17.74
Now: $18.08
$18.08
50-Day Range N/A
52-Week Range
$15.25
Now: $18.08
$22.75
Volume4,257 shs
Average Volume3.62 million shs
Market Capitalization$3.60 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
Rackspace Technology, Inc. operates as a multi cloud technology services company worldwide. It operates through Multicloud Services and Apps & Cross Platform segments. The 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. The Apps & Cross Platform segment includes managed applications, managed security, and data services, as well as professional services related to designing and implementing application, security, and data services. The company serves automotive, digital agencies, education, energy, financial services, gaming, government, healthcare, manufacturing, media and entertainment, non-profit, retail, and public sectors. Rackspace Technology, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.5Community Rank: 4.5Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.18 out of 5 stars


Industry, Sector and Symbol

Industry Computer programming, data processing, & other computer related
Sub-IndustryN/A
Current SymbolNASDAQ:RXT
CUSIPN/A
CIKN/A
Phone210-312-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Employees6,800
Market Cap$3.60 billion
Next Earnings Date11/30/2020 (Estimated)
OptionableOptionable
$18.08
+0.20 (+1.12 %)
(As of 09/25/2020 10:59 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Rackspace Technology (NASDAQ:RXT) Frequently Asked Questions

Do Wall Street analysts recommend investors buy shares of Rackspace Technology?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rackspace Technology in the last year. There are currently 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Rackspace Technology
.

When is Rackspace Technology's next earnings date?

Rackspace Technology is scheduled to release its next quarterly earnings announcement on Monday, November 30th 2020.
View our earnings forecast for Rackspace Technology
.

How were Rackspace Technology's earnings last quarter?

Rackspace Technology, Inc (NASDAQ:RXT) issued its earnings results on Monday, August, 31st. The company reported $0.21 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.16 by $0.05.
View Rackspace Technology's earnings history
.

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

Rackspace Technology issued an update on its FY 2020 After-Hours earnings guidance on Monday, August, 31st. The company provided earnings per share guidance of 0.75-0.81 for the period.

What price target have analysts set for RXT?

9 brokers have issued 12-month target prices for Rackspace Technology's shares. Their forecasts range from $24.00 to $44.00. On average, they anticipate Rackspace Technology's share price to reach $27.89 in the next year. This suggests a possible upside of 54.3% from the stock's current price.
View analysts' price targets for Rackspace Technology
.

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), QUALCOMM (QCOM), Marvell Technology Group (MRVL), NIO (NIO), Square (SQ), Walmart (WMT), Alibaba Group (BABA) and Slack (WORK).

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 $6.62M)
  • Mr. Dustin J. Semach, Exec. VP, CFO & Treasurer (Age 39, Pay $794.23k)
  • Mr. Subroto Mukerji, Exec. VP & COO (Age 59, Pay $852.33k)
  • Mr. Tolga Tarhan, Chief Technology Officer (Age 38)
  • Ms. Holly B. Windham Esq., J.D., EVP, Chief Legal Officer, Chief Ethics & Compliance Officer, Sec. and Chief People Officer (Age 54)

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 $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."

When did the company's quiet period expire?

Rackspace Technology's quiet period expired on Monday, September 14th. Rackspace Technology had issued 33,500,000 shares in its public offering on August 5th. The total size of the offering was $703,500,000 based on an initial share price of $21.00. During the company's quiet period, underwriters and any insiders that worked on the IPO were prevented from issuing any research reports for the company because of SEC regulations. Now that the company's quiet period has ended, brokerages that served as underwriters are now able to initiate research on the company.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Rackspace Technology's stock price today?

One share of RXT stock can currently be purchased for approximately $18.08.

How big of a company is Rackspace Technology?

Rackspace Technology has a market capitalization of $3.60 billion. Rackspace Technology employs 6,800 workers across the globe.

What is Rackspace Technology's official website?

The official website for Rackspace Technology is www.rackspace.com.

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 9/25/2020 by MarketBeat.com Staff

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