NASDAQ:RXT Rackspace Technology (RXT) Stock Price, News & Analysis $2.48 -0.17 (-6.42%) (As of 12/3/2024 06:07 PM ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends About Rackspace Technology Stock (NASDAQ:RXT) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Rackspace Technology alerts:Sign Up Key Stats Today's Range$2.43▼$2.6350-Day Range$2.32▼$3.0352-Week Range$1.34▼$3.41Volume896,389 shsAverage Volume1.09 million shsMarket Capitalization$564.37 millionP/E RatioN/ADividend YieldN/APrice Target$2.47Consensus RatingHold Company OverviewRackspace 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. It also helps customers establish governance, operational, and architectural frameworks to mitigate risks and reduce inefficiencies to manage costs, achieve industry-specific compliance objectives, and enhance security. In addition, the company offers managed applications, including running large-scale SaaS applications for customers on its and public cloud infrastructure; 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… Lock in this disruptor’s share price before 12/5 (Ad)Spencer Rascoff co-founded Zillow. Austin Allison sold his company to Zillow for $125M. Now they’ve joined forces to launch a venture transforming the $1.3T vacation home market – and the results are already turning heads. This company is leading the co-ownership revolution, offering buyers a chance to own a fraction of a luxury vacation home instead of the entire thing. It’s a model that’s unlocked new demand and earned them over $100M in gross profits in four years.Don’t miss your chance to maximize your stake in this co-ownership revolution. Rackspace Technology Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks15th Percentile Overall ScoreRXT MarketRank™: Rackspace Technology scored higher than 15% of companies evaluated by MarketBeat, and ranked 307th out of 331 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion1.0 / 5Analyst RatingHold Consensus RatingRackspace Technology has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 4 hold ratings, and 1 sell rating.Amount of Analyst CoverageRackspace Technology has only been the subject of 1 research reports in the past 90 days.Read more about Rackspace Technology's stock forecast and price target. Earnings and Valuation0.0 / 5Proj. Earnings GrowthN/A Price to Earnings Ratio vs. the MarketThe P/E ratio of Rackspace Technology is -0.71, 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 -0.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Read more about Rackspace Technology's valuation and earnings. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted7.56% 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 6.4.Change versus previous monthShort interest in Rackspace Technology has recently decreased by 15.07%, indicating that investor sentiment is improving significantly. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldRackspace Technology does not currently pay a dividend.Dividend GrowthRackspace Technology does not have a long track record of dividend growth. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted7.56% 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 6.4.Change versus previous monthShort interest in Rackspace Technology has recently decreased by 15.07%, indicating that investor sentiment is improving significantly. News and Social Media2.6 / 5News Sentiment0.72 News SentimentRackspace Technology has a news sentiment score of 0.72. 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 lower news sentiment than the 0.85 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Rackspace Technology this week, compared to 3 articles on an average week.Search Interest8 people have searched for RXT on MarketBeat in the last 30 days. MarketBeat FollowsOnly 2 people have added Rackspace Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Company Ownership2.5 / 5Insider TradingSelling Shares Insider Buying vs. Insider SellingIn the past three months, Rackspace Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $689,328.00 in company stock.Percentage Held by InsidersOnly 2.00% of the stock of Rackspace Technology is held by insiders.Percentage Held by Institutions82.48% of the stock of Rackspace Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Rackspace Technology's insider trading history. 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 HeadlinesBrokerages Set Rackspace Technology, Inc. (NASDAQ:RXT) PT at $2.47November 29, 2024 | americanbankingnews.comRackspace Technology's SWOT analysis: cloud provider's stock faces headwindsNovember 27, 2024 | uk.investing.comElon Musk’s chilling warning for humanityThe 'invasion' I've discovered has nothing to do with the border crisis. What's happening at our southern border is a travesty, but the 'invasion' I've found will have 10 times greater effects on our economy, and ultimately our way of life.December 4, 2024 | The Freeport Society (Ad)Rackspace Technology to Participate in the UBS Global Technology and AI ConferenceNovember 25, 2024 | globenewswire.comRackspace Technology Launches Adaptive Cloud Manager to Support Rapid Growth of Hybrid Cloud DeploymentsNovember 20, 2024 | globenewswire.comRackspace Technology price target raised to $2 from $1 at BarclaysNovember 19, 2024 | markets.businessinsider.comRackspace Technology (RXT) Gets a Sell from BarclaysNovember 19, 2024 | markets.businessinsider.comRackspace US, Inc.: JBi Digital chooses Rackspace Sovereign Government Cloud for its pursuit of new customers in the UK government services sectorNovember 14, 2024 | finanznachrichten.deSee More Headlines RXT Stock Analysis - Frequently Asked Questions How have RXT shares performed this year? Rackspace Technology's stock was trading at $2.00 at the start of the year. Since then, RXT stock has increased by 24.0% and is now trading at $2.48. View the best growth stocks for 2024 here. How were Rackspace Technology's earnings last quarter? Rackspace Technology, Inc. (NASDAQ:RXT) announced its earnings results on Tuesday, November, 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.03. The business's quarterly revenue was down 7.7% on a year-over-year basis. When did Rackspace Technology IPO? Rackspace Technology (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 acted 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. Who are Rackspace Technology's major shareholders? Rackspace Technology's top institutional investors include Geode Capital Management LLC (0.74%), Jacobs Levy Equity Management Inc. (0.36%), Jane Street Group LLC (0.34%) and Charles Schwab Investment Management Inc. (0.26%). Insiders that own company stock include Amar Maletira, Srini Koushik, Kellie Teal-Guess, Casey L Shilling, Mark A Marino, Anthony C Roberts and Shashank Samant. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Rackspace Technology own? Based on aggregate information from My MarketBeat watchlists, some other companies that Rackspace Technology investors own include Block (SQ), NVIDIA (NVDA), Meta Platforms (META), CrowdStrike (CRWD), Advanced Micro Devices (AMD), Palantir Technologies (PLTR) and Digital Turbine (APPS). Company Calendar Last Earnings11/12/2024Today12/03/2024Fiscal Year End12/31/2024Next Earnings (Estimated)3/11/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Computer programming, data processing, & other computer related Sub-IndustryComputer Software Current SymbolNASDAQ:RXT CUSIPN/A CIK1810019 Webwww.rackspace.com Phone210-312-4000FaxN/AEmployees5,800Year FoundedN/APrice Target and Rating Average Stock Price Target$2.47 High Stock Price Target$3.00 Low Stock Price Target$2.00 Potential Upside/Downside-0.5%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)($3.49) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-837,800,000.00 Net Margins-27.94% Pretax Margin-28.41% Return on EquityN/A Return on Assets-1.73% Debt Debt-to-Equity RatioN/A Current Ratio0.84 Quick Ratio0.84 Sales & Book Value Annual Sales$2.96 billion Price / Sales0.19 Cash Flow$4.86 per share Price / Cash Flow0.51 Book Value($0.71) per share Price / Book-3.49Miscellaneous Outstanding Shares227,570,000Free Float223,018,000Market Cap$564.37 million OptionableOptionable Beta1.99 Social Links 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? 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