Lowest-Rated StocksLowest-RatedNASDAQ:RXT Rackspace Technology (RXT) Stock Forecast, Price & News $1.76 +0.17 (+10.69%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$1.59▼$1.8050-Day Range$1.08▼$2.2452-Week Range$1.05▼$9.12Volume1.75 million shsAverage Volume1.64 million shsMarket Capitalization$378.54 millionP/E RatioN/ADividend YieldN/APrice Target$3.42 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Rackspace Technology MarketRank™ ForecastAnalyst RatingHold1.90 Rating ScoreUpside/Downside94.2% Upside$3.42 Price TargetShort InterestBearish16.78% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.89Based on 4 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.20) to ($0.13) 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.1.54 out of 5 starsBusiness Services Sector290th out of 332 stocksComputer Programming, Data Processing, & Other Computer Related Industry49th out of 60 stocks 3.0 Analyst's Opinion Consensus RatingRackspace Technology has received a consensus rating of Hold. The company's average rating score is 1.90, and is based on 1 buy rating, 7 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $3.42, Rackspace Technology has a forecasted upside of 94.2% from its current price of $1.76.Amount of Analyst CoverageRackspace Technology has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted16.78% 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 3.00%, indicating that investor sentiment is decreasing. 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 2.7 News and Social Media Coverage News SentimentRackspace Technology has a news sentiment score of 0.89. 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 0.47 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 0% compared to the previous 30 days.MarketBeat Follows6 people have added Rackspace Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Rackspace Technology insiders have not sold or bought any 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 grow in the coming year, from ($0.20) to ($0.13) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Rackspace Technology is -0.27, 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 -0.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioRackspace Technology has a P/B Ratio of 16.00. P/B Ratios above 3 indicate that a company could be overvalued 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 HeadlinesMay 18, 2023 | marketbeat.comThe 10 Top-Rated Stocks by Wall Street Analysts in August 2021 (RXT)Analyst ratings reflect the sentiment of individuals who have significant knowledge of a company’s operations. For a company to be included on MarketBeat’s top-rated list they must have received at least five ratings within the last 12 months. Here are the 10 companies that have received the highest average rating by Wall Street analysts in August 2021.June 2, 2023 | americanbankingnews.comRackspace Technology, Inc. (NASDAQ:RXT) Receives Average Rating of "Reduce" from BrokeragesJune 4, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...May 31, 2023 | finance.yahoo.comRackspace Technology Attending AWS Summit in Washington D.C.May 31, 2023 | finance.yahoo.comRackspace Technology Wins Excellence in Server and Storage Sales, Americas AwardMay 30, 2023 | finance.yahoo.comRackspace Technology Awarded a New Cloud Cooperative Services Contract by Texas Department of Information ResourcesMay 23, 2023 | tmcnet.comRackspace Technology Works with CCS Presentation Systems toMay 23, 2023 | finance.yahoo.comRackspace Technology Works with CCS Presentation Systems to Complete Complex Cloud Transition and Improve Security, Scalability, and Productivity for the Leading Audio-visual IntegratorJune 4, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...May 22, 2023 | finance.yahoo.comRackspace Object Storage Built on DELL ECS Storage Systems Helps Organizations Securely Store and Utilize Large Pools of Unstructured DataMay 17, 2023 | finance.yahoo.comNew EMEA Research by Rackspace Technology Finds Artificial Intelligence (AI) and Machine Learning (ML) Have Increased Productivity, Innovation, Intelligent Applications, and ResultsMay 17, 2023 | americanbankingnews.comBarclays Lowers Rackspace Technology (NASDAQ:RXT) Price Target to $1.00May 16, 2023 | americanbankingnews.comRackspace Technology (NASDAQ:RXT) PT Lowered to $1.25May 15, 2023 | finance.yahoo.comInsider Purchases Worth US$546k See Losses As Rackspace Technology Market Value Drops To US$247mMay 15, 2023 | finance.yahoo.comInsider Purchases Worth US$546k See Losses As Rackspace Technology Market Value Drops To US$247m \May 15, 2023 | finance.yahoo.comRackspace Technology CEO Amar Maletira to Speak at 20th Annual MIT Sloan CIO SymposiumMay 14, 2023 | americanbankingnews.comRackspace Technology (NASDAQ:RXT) PT Lowered to $1.50 at Deutsche Bank AktiengesellschaftMay 13, 2023 | markets.businessinsider.comBarclays Remains a Sell on Rackspace Technology (RXT)May 12, 2023 | msn.comRBC Capital Maintains Rackspace Technology (RXT) Sector Perform RecommendationMay 10, 2023 | finance.yahoo.comRackspace (RXT) Reports Q1 Loss, Tops Revenue EstimatesMay 9, 2023 | finanznachrichten.deRackspace Technology, Inc.: Rackspace Technology Reports First Quarter 2023 ResultsMay 9, 2023 | finance.yahoo.comRackspace Technology Reports First Quarter 2023 ResultsMay 9, 2023 | finanznachrichten.deRackspace Technology, Inc.: Rackspace Technology Appoints Leading Technology Executives Betsy Atkins and Tony Scott to Board of DirectorsMay 9, 2023 | finance.yahoo.comRackspace Technology Appoints Leading Technology Executives Betsy Atkins and Tony Scott to Board of DirectorsMay 8, 2023 | americanbankingnews.comRackspace Technology (RXT) to Release Quarterly Earnings on TuesdayMay 6, 2023 | americanbankingnews.comAnalysts Set Rackspace Technology, Inc. (NASDAQ:RXT) Price Target at $4.14May 2, 2023 | finance.yahoo.comSustainableIT.org Announces Rackspace Technology CTO Srini Koushik as Honoree of Inaugural Impact Awards for Technology Contributions to ESG InitiativesSee More Headlines RXT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RXT Company Calendar Last Earnings5/09/2023Today6/04/2023Next Earnings (Estimated)8/08/2023Fiscal 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/AEmployees6,800Year FoundedN/APrice Target and Rating Average Stock Price Forecast$3.42 High Stock Price Forecast$6.10 Low Stock Price Forecast$1.00 Forecasted Upside/Downside+94.2%Consensus RatingHold Rating Score (0-4)1.90 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)($6.50) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-804,800,000.00 Net Margins-44.38% Pretax Margin-47.90% Return on Equity9.29% Return on Assets1.16% Debt Debt-to-Equity Ratio149.63 Current Ratio1.23 Quick Ratio1.23 Sales & Book Value Annual Sales$3.12 billion Price / Sales0.12 Cash Flow$5.18 per share Price / Cash Flow0.34 Book Value$0.11 per share Price / Book16.00Miscellaneous Outstanding Shares215,080,000Free Float210,563,000Market Cap$378.54 million OptionableOptionable Beta1.33 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 CompetitorsSystem1NYSE:SSTViant TechnologyNASDAQ:DSPOutbrainNASDAQ:OBTiga AcquisitionNYSE:TINVTremor InternationalNASDAQ:TRMRView All CompetitorsInsiders & InstitutionsAmeriprise Financial Inc.Bought 211,106 shares on 5/22/2023Ownership: 0.112%JPMorgan Chase & Co.Bought 517,630 shares on 5/18/2023Ownership: 0.282%Thrivent Financial for LutheransBought 101,546 shares on 5/17/2023Ownership: 0.047%Geode Capital Management LLCBought 60,922 shares on 5/16/2023Ownership: 0.572%State Street CorpBought 20,602 shares on 5/16/2023Ownership: 0.517%View All Insider TransactionsView All Institutional Transactions RXT Stock - Frequently Asked Questions Should I buy or sell Rackspace Technology stock right now? 10 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, 7 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? 10 analysts have issued 1 year price targets for Rackspace Technology's shares. Their RXT share price forecasts range from $1.00 to $6.10. On average, they expect the company's share price to reach $3.42 in the next year. This suggests a possible upside of 94.2% 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 on January 1st, 2023. Since then, RXT stock has decreased by 40.3% and is now trading at $1.76. 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, August 8th 2023. View our RXT earnings forecast. How were Rackspace Technology's earnings last quarter? Rackspace Technology, Inc. (NASDAQ:RXT) issued its quarterly earnings data on Tuesday, May, 9th. The company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.01. The firm had revenue of $758.10 million for the quarter, compared to the consensus estimate of $757.27 million. Rackspace Technology had a negative net margin of 44.38% and a positive trailing twelve-month return on equity of 9.29%. The business's quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.22 earnings per share. What ETFs hold Rackspace Technology's stock? ETFs with the largest weight of Rackspace Technology (NASDAQ:RXT) stock in their portfolio include Direxion Work From Home ETF (WFH), First Trust Cloud Computing ETF (SKYY), ProShares Ultra Nasdaq Cloud Computing ETF (SKYU), Wedbush ETFMG Global Cloud Technology ETF (IVES).Pacer Data and Digital Revolution ETF (TRFK), What guidance has Rackspace Technology issued on next quarter's earnings? Rackspace Technology updated its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (EPS) guidance of -$0.09--$0.07 for the period, compared to the consensus earnings per share estimate of -$0.01. The company issued revenue guidance of $725.00 million-$735.00 million, compared to the consensus revenue estimate of $749.49 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 IPO 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." Who are Rackspace Technology's major shareholders? Rackspace Technology's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Apollo Management Holdings L.P. (60.26%), Mackenzie Financial Corp (3.28%), First Trust Advisors LP (2.33%), BlackRock Inc. (1.99%), AQR Capital Management LLC (1.28%) and Geode Capital Management LLC (0.57%). 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 $1.76. How much money does Rackspace Technology make? Rackspace Technology (NASDAQ:RXT) has a market capitalization of $378.54 million and generates $3.12 billion in revenue each year. The company earns $-804,800,000.00 in net income (profit) each year or ($6.50) on an earnings per share basis. How many employees does Rackspace Technology have? The company employs 6,800 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 6/4/2023 by MarketBeat.com Staff 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. 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