Rackspace Technology (RXT) Scheduled to Post Quarterly Earnings on Tuesday

Rackspace Technology (NASDAQ:RXT - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Rackspace Technology to post earnings of ($0.08) per share for the quarter. Rackspace Technology has set its Q3 guidance at $(0.08)-(0.06) EPS.Parties that wish to register for the company's conference call can do so using this link.

Rackspace Technology (NASDAQ:RXT - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.03. The business had revenue of $684.90 million during the quarter, compared to the consensus estimate of $669.10 million. On average, analysts expect Rackspace Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rackspace Technology Stock Up 6.7 %

RXT stock traded up $0.16 during trading hours on Tuesday, hitting $2.56. The company's stock had a trading volume of 358,660 shares, compared to its average volume of 1,086,442. The company has a market capitalization of $578.64 million, a PE ratio of -0.69 and a beta of 1.97. Rackspace Technology has a 12 month low of $1.22 and a 12 month high of $3.18. The stock has a 50 day moving average price of $2.46 and a two-hundred day moving average price of $2.33.

Analyst Ratings Changes

Separately, UBS Group upped their target price on shares of Rackspace Technology from $2.10 to $2.30 and gave the company a "neutral" rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Rackspace Technology presently has an average rating of "Hold" and an average target price of $2.34.

Insider Transactions at Rackspace Technology

In other Rackspace Technology news, CEO Amar Maletira sold 82,552 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $2.37, for a total transaction of $195,648.24. Following the sale, the chief executive officer now owns 4,983,984 shares of the company's stock, valued at $11,812,042.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have sold 227,321 shares of company stock valued at $542,103. 2.00% of the stock is owned by insiders.

Rackspace Technology Company Profile

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.