RXT icon

Rackspace Technology

2.59 USD
+0.00
0.00%
At close Jan 10, 4:00 PM EST
After hours
2.62
+0.03
1.16%
1 day
0.00%
5 days
13.60%
1 month
0.39%
3 months
-4.07%
6 months
-5.47%
Year to date
18.26%
1 year
44.69%
5 years
-84.20%
10 years
-84.20%
 

About: Rackspace Technology Inc is an end-to-end, hybrid, multi cloud technology services company. It designs, builds and operates its customers' cloud environments across all technology platforms, irrespective of technology stack or deployment model. The company's solutions include Application Services; Data; Colocation; Cloud; Managed Hosting; Professional Services; and Security & Compliance. It operates in segments namely, Private Cloud, and Public Cloud. It generates revenue through the sale of consumption-based contracts for its service offerings and from the sale of professional services related to designing and building custom solutions.

Employees: 5,800

0
Funds holding %
of 6,810 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

90% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 10

62% more call options, than puts

Call options by funds: $222K | Put options by funds: $137K

28% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 25

8% more funds holding

Funds holding: 88 [Q2] → 95 (+7) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

3.72% less ownership

Funds ownership: 78.5% [Q2] → 74.79% (-3.72%) [Q3]

21% less capital invested

Capital invested by funds: $524M [Q2] → $414M (-$110M) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target
$2
23%
downside
Avg. target
$2
23%
downside
High target
$2
23%
downside

1 analyst rating

positive
0%
neutral
0%
negative
100%
Barclays
Ramsey El-Assal
65% 1-year accuracy
35 / 54 met price target
23%downside
$2
Underweight
Maintained
18 Nov 2024

Financial journalist opinion

Positive
Zacks Investment Research
1 day ago
New Strong Buy Stocks for January 10th
HSBC, GP, RXT, AU and ICFI have been added to the Zacks Rank #1 (Strong Buy) List on January 10, 2024.
New Strong Buy Stocks for January 10th
Neutral
GlobeNewsWire
3 weeks ago
Rackspace Technology Signs UK Armed Forces Covenant, Reinforcing Commitment to Veterans and the UK Public Sector
Pledge highlights Rackspace dedication to supporting those who serve or have served in the Armed Forces, and their families Pledge highlights Rackspace dedication to supporting those who serve or have served in the Armed Forces, and their families
Rackspace Technology Signs UK Armed Forces Covenant, Reinforcing Commitment to Veterans and the UK Public Sector
Positive
Zacks Investment Research
1 month ago
Rackspace (RXT) Is Attractively Priced Despite Fast-paced Momentum
Rackspace (RXT) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Rackspace (RXT) Is Attractively Priced Despite Fast-paced Momentum
Neutral
GlobeNewsWire
1 month ago
Rackspace Technology to Participate in the UBS Global Technology and AI Conference
Amar Maletira, Chief Executive Officer, to Participate in a Fireside Chat Amar Maletira, Chief Executive Officer, to Participate in a Fireside Chat
Rackspace Technology to Participate in the UBS Global Technology and AI Conference
Neutral
GlobeNewsWire
1 month ago
Rackspace Technology Launches Adaptive Cloud Manager to Support Rapid Growth of Hybrid Cloud Deployments
New offering integrates hybrid cloud information in a centralized location to improve observability, licensing efficiency, and security monitoring across workloads New offering integrates hybrid cloud information in a centralized location to improve observability, licensing efficiency, and security monitoring across workloads
Rackspace Technology Launches Adaptive Cloud Manager to Support Rapid Growth of Hybrid Cloud Deployments
Positive
Zacks Investment Research
1 month ago
Rackspace (RXT) Shows Fast-paced Momentum But Is Still a Bargain Stock
Rackspace (RXT) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Rackspace (RXT) Shows Fast-paced Momentum But Is Still a Bargain Stock
Neutral
GlobeNewsWire
1 month ago
Rackspace Technology Delivers One of the Largest Third-Party Epic Cloud Deployments for AdventHealth, Covering 53 Hospitals across Nine States
Robust design and migration demonstrate Rackspace's Epic subject matter expertise, private cloud leadership, and innovation
Rackspace Technology Delivers One of the Largest Third-Party Epic Cloud Deployments for AdventHealth, Covering 53 Hospitals across Nine States
Neutral
GlobeNewsWire
1 month ago
JBi Digital chooses Rackspace Sovereign Government Cloud for its pursuit of new customers in the UK government services sector
Leading digital transformation agency strengthens its position in the government services sector with Rackspace Sovereign Government Cloud collaboration Leading digital transformation agency strengthens its position in the government services sector with Rackspace Sovereign Government Cloud collaboration
JBi Digital chooses Rackspace Sovereign Government Cloud for its pursuit of new customers in the UK government services sector
Negative
Zacks Investment Research
1 month ago
Rackspace (RXT) Reports Q3 Loss, Tops Revenue Estimates
Rackspace (RXT) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.04 per share a year ago.
Rackspace (RXT) Reports Q3 Loss, Tops Revenue Estimates
Neutral
Seeking Alpha
1 month ago
Rackspace Technology, Inc. (RXT) Q3 2024 Earnings Call Transcript
Rackspace Technology, Inc. (NASDAQ:RXT ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Sagar Hebbar - Head of Investor Relations Amar Maletira - President, Chief Executive Officer & Director Mark Marino - Executive Vice President & Chief Financial Officer Conference Call Participants Kevin McVeigh - UBS Operator Good day, and thank you for standing by. Welcome to the Rackspace Third Quarter 2024 Earnings Webcast.
Rackspace Technology, Inc. (RXT) Q3 2024 Earnings Call Transcript
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