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S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
Instantly Find Hidden Trade Opportunities (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Greek authorities rescue 91 migrants from river islet on border with Turkey
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
Instantly Find Hidden Trade Opportunities (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Greek authorities rescue 91 migrants from river islet on border with Turkey
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
Instantly Find Hidden Trade Opportunities (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Greek authorities rescue 91 migrants from river islet on border with Turkey
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker

Rackspace Technology (RXT) Stock Forecast, Price & News

$1.76
+0.17 (+10.69%)
(As of 06/2/2023 ET)
Compare
Today's Range
$1.59
$1.80
50-Day Range
$1.08
$2.24
52-Week Range
$1.05
$9.12
Volume
1.75 million shs
Average Volume
1.64 million shs
Market Capitalization
$378.54 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.42

Rackspace Technology MarketRank™ Forecast

Analyst Rating
Hold
1.90 Rating Score
Upside/​Downside
94.2% Upside
$3.42 Price Target
Short Interest
Bearish
16.78% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.89mentions of Rackspace Technology in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.20) to ($0.13) Per Share

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 stars

Business Services Sector

290th out of 332 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

49th out of 60 stocks


RXT stock logo

About Rackspace Technology (NASDAQ:RXT) Stock

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; 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.

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RXT Stock News Headlines

The 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.
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%...
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%...
Rackspace Technology (NASDAQ:RXT) PT Lowered to $1.25
Barclays Remains a Sell on Rackspace Technology (RXT)
See More Headlines

RXT Price History

RXT Company Calendar

Last Earnings
5/09/2023
Today
6/04/2023
Next Earnings (Estimated)
8/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Current Symbol
NASDAQ:RXT
Fax
N/A
Employees
6,800
Year Founded
N/A

Price 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 Rating
Hold
Rating Score (0-4)
1.90
Research Coverage
10 Analysts

Profitability

Net Income
$-804,800,000.00
Pretax Margin
-47.90%

Debt

Sales & Book Value

Annual Sales
$3.12 billion
Cash Flow
$5.18 per share
Book Value
$0.11 per share

Miscellaneous

Free Float
210,563,000
Market Cap
$378.54 million
Optionable
Optionable
Beta
1.33

Key Executives

  • Mr. Amar MaletiraMr. Amar Maletira (Age 54)
    Pres, CFO, CEO & Director
    Comp: $1.43M
  • Ms. Holly B. Windham Esq.Ms. Holly B. Windham Esq. (Age 57)
    J.D., EVP, Chief Legal Officer, Chief Ethics & Compliance Officer, Sec. and Chief People Officer
    Comp: $933.15k
  • Mr. Greg Hrncir (Age 48)
    Chief Operations Officer
  • Mr. Mark A. Marino (Age 47)
    VP & Chief Accounting Officer
  • Robert Watson
    VP of Corp. Fin.
  • Mr. Srini Koushik (Age 59)
    Exec. VP & CTO
  • Mr. Joseph J. Crivelli
    VP of Investor Relations
  • Ms. 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













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?
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

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