MARKET

RXT

RXT

Rackspace Technology, Inc.
NASDAQ

Real-time Quotes | Nasdaq Last Sale

16.65
-0.43
-2.52%
After Hours: 16.95 +0.3 +1.80% 19:58 11/24 EST
OPEN
17.15
PREV CLOSE
17.08
HIGH
17.29
LOW
16.44
VOLUME
1.41M
TURNOVER
--
52 WEEK HIGH
22.75
52 WEEK LOW
15.25
MARKET CAP
3.31B
P/E (TTM)
-13.6891
1D
5D
1M
3M
1Y
5Y
News
Financial
Releases
Corp Actions
Analysis
Profile
Rackspace Technology to Present at the Credit Suisse 24th Annual Technology Conference
SAN ANTONIO, Nov. 23, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology Global, Inc. (NASDAQ: RXT) today announced that Kevin Jones, Chief Executive Officer, and Amar Maletira, Chief Financial Officer, will present at the Credit Suisse 24th Annual Technology Conference on Monday, November 30, 2020. Mr. Jones and Mr. Maletira will participate in a fireside chat at approximately 11:00am ET and be available for investor meetings. For more information, please visit the Events and Presentations section of our Investor Relations website at https://ir.rackspace.com/news-and-events/events-and-presentations.About Rackspace TechnologyRackspace Technology is a leading end-to-end multicloud technology services company. We design, build and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products and adopt innovative technologies.IR ContactJoe Crivelli Rackspace Technology Investor Relations IR@rackspace.comPR ContactNatalie Silva Rackspace Technology Corporate Communications publicrelations@rackspace.com
GlobeNewswire · 1d ago
Cramer Gives His Opinion On Workhorse, Rackspace Technology, More
On CNBC's "Mad Money Lightning Round," Cramer told a viewer to go ahead and buy Workhorse Group Inc (NASDAQ: WKHS).
Benzinga · 4d ago
Rackspace Technology Survey Sheds Light on the Shifting Application Build vs. Buy Equation
Building vs. buying applications: key research insights Tech leaders don't want to spend valuable developer resources building and maintaining applications that won't significantly set their brand apart.SAN ANTONIO, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, announced the results of a new survey, “To Build or To Buy?,” which reveals that while the ratio of building vs buying applications has not changed, the way that customers assess whether to build or buy has changed. Enterprises are consistently weighing the benefits and drawbacks of building their own solutions in-house or purchasing existing solutions to fit their individual needs. Over the past decade, this decision has been heavily driven by the accessibility and ease of each approach. Consequently, the build/buy equation has fluctuated back and forth, with organizational preferences leaning toward the method with the most accessible tools at the moment. The latest survey by Rackspace Technology takes a closer look at what the future of compute holds for the build/buy equation.The key findings from the “To Build or To Buy?” survey by Rackspace Technology include the following highlights: * The decision to build applications vs. buy applications is becoming more strategic — The research reveals that tech decision makers don’t plan to move strictly away from build and toward buy (or vice versa), but rather to shift in strategically choosing when to build and when to buy. For example, 72% of participants prioritize building customized applications for customer-facing purposes because it creates differentiation. With hiring and training skilled workers amongst the greatest business challenges today, it is essential that valuable developer hours be used to build applications that customers will notice and will eventually impact revenue. In fact, 67% of respondents agreed that digital transformation and the need for differentiation is driving the need to build applications in-house. * In cases where organizations choose to build, adoption of low-code/no-code solutions will increase — The high preference for low-code/no-code solutions appears to continue the trend of “working smarter” even within the build approach, democratizing application development and allowing organizations to leverage user-friendly build tools to bridge the gap in developer skill sets. When building applications, 72% of participants said their organization uses low-code/no-code platforms and 86% said they are satisfied or extremely satisfied with low-code/no-code developments. * In cases where organizations choose to buy, SaaS adoption will increase — SaaS products are rising in favor as they continue to become more robust in capabilities, highly customizable and easier to implement. Rackspace Technology’s research indicates a rise in SaaS as the preferred option when buying applications to enhance crucial but non-differentiating areas of business. Of survey respondents, 62% said ease of use and implementation is the main reason for buying software. Further, 65% of participants did say that with today’s SaaS advancements and customizations, it is possible to create differentiation in a pure SaaS world.“When it comes to the buy vs build dilemma, rather than one approach dominating the other, our research and experience tell us that both methods have immense value if implemented for the right reasons,” said Jeff DeVerter, Chief Technology Officer – Solutions at Rackspace Technology. “It’s clear that right now the trend is to reserve developers and their build time for the highest impact work while filling in the gaps with purchased technology. We look forward to continuing to support organizations of all types as they navigate both sides of this equation.”Download Rackspace Technology’s “To Build or To Buy?” white paper here.About Rackspace TechnologyRackspace Technology is a leading end-to-end multicloud technology services company. We can design, build and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products and adopt innovative technologies.Research MethodologyThe survey was conducted by Coleman Parkes in September 2020 and targeted 1,870 CIOs, CTOs, COOs, IT Directors and other senior IT decision makers in the USA, LATAM, EMEA and APJ markets at organizations across a range of industries, including: technology, manufacturing, retail, media, financial services and the public sector.Media Contact Natalie Silva Rackspace Corporate Communications publicrelations@rackspace.comA photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/72d48faf-f060-4d90-b96e-5443d4ff60d5
GlobeNewswire · 5d ago
Rackspace Technology Wins APN Migration Partner of the Year Award 2020 for UK and Ireland
GlobeNewswire · 6d ago
Rackspace Technology to Participate in the 2020 J.P. Morgan Ultimate Services Investor Conference
GlobeNewswire · 11/17 16:05
Rackspace Technology prices $550M notes offering
Rackspace Technology Global (RXT) has priced $550M of 5.375% senior notes due 2028 at an issue price of 100%.Closing date is December 1. Net proceeds together with cash on hand
Seekingalpha · 11/17 10:44
Rackspace Technology Global Announces Proposed $550 Million Notes Offering
SAN ANTONIO, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology Global, Inc. (the “Company”) today announced that is proposing to issue $550.00 million aggregate principal amount of senior notes due 2028 (the "Notes") in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The offering is subject to market conditions and other factors.The Company intends to use the net proceeds from the offering, together with cash on hand, to fund the refinancing of all of the Company’s outstanding 8.625% Senior Notes due 2024 and to pay related fees and expenses.The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act, and outside the United States, only to non-U.S. investors pursuant to Regulation S under the Securities Act. The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws.This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful.About Rackspace Technology Rackspace Technology is a leading end-to-end multicloud technology services company. We design, build and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products and adopt innovative technologies.Rackspace Technology Safe Harbor Statement: Some of the statements in this news release constitute “forward-looking statements” that do not directly or exclusively relate to historical facts. The forward-looking statements made in this release reflect the Company’s intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors, many of which are outside of the Company’s control. Known risks include, among others, the risks included in Rackspace Technology, Inc.’s filings with the U.S. Securities and Exchange Commission. Because actual results could differ materially from the Company’s intentions, plans, expectations, assumptions and beliefs about the future, you are urged to view all forward-looking statements contained in this press release with caution. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.ContactNatalie Silva Rackspace Technology Corporate Communications publicrelations@rackspace.com Joe Crivelli Rackspace Technology Investor Relations ir@rackspace.com
GlobeNewswire · 11/16 12:00
Rackspace Technology EPS beats by $0.01, beats on revenue
Rackspace Technology (RXT): Q3 Non-GAAP EPS of $0.19 beats by $0.01; GAAP EPS of -$0.54 misses by $0.41.Revenue of $682M beats by $9.57M.Raises FY Guidance: revenue growth 10-11%; core revenue
Seekingalpha · 11/10 21:07
More
Forecast
EPSBVPSCFPS
Actual (USD)
Estimate (USD)
Income StatementMore
Net IncomeTotal RevenueOperating Income
Net Income (USD)
YoY (%)
Balance SheetMore
Total Assets (USD)
Total Liabilities (USD)
Debt to Asset (%)
Cash FlowMore
OperatingInvestingFinancing
Operating (USD)
YoY (%)
Learn about the latest financial forecast of RXT. Analyze the recent business situations of Rackspace Technology, Inc. through EPS, BVPS, FPS, and other data. This information may help you make smarter investment decisions.
Analyst Rating

Based on 9 analysts

Buy

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

Analyst Price Target
The average RXT stock price target is 26.56 with a high estimate of 33.00 and a low estimate of 24.00.
EPS
Institutional Holdings
Institutions: 106
Institutional Holdings: 156.85M
% Owned: 78.80%
Shares Outstanding: 199.06M
TypeInstitutionsShares
Increased
0
0
New
106
156.85M
Decreased
0
0
Sold Out
0
0
  • Performance
  • Asset Allocation
  • Dividend History
No Data
Industry
IT Services & Consulting
+1.47%
Software & IT Services
+1.57%
Key Executives
Chairman/Director
David Sambur
Chief Executive Officer/Executive Director
Kevin Jones
Chief Financial Officer/Executive Vice President/Treasurer
Dustin Semach
Chief Operating Officer/Executive Vice President
Subroto Mukerji
Chief Human Resource Officer/Executive Vice President/Secretary
Holly Windham
Senior Vice President/General Manager
Stephen Mills
Senior Vice President
Thomas Wolf
Chief Technology Officer
Tolga Tarhan
Chief Marketing Officer
Amanda Samuels
Managing Director
Sandeep Bhargava
Managing Director
Martin Blackburn
Other
Matthew Stoyka
Director
Susan Arthur
Director
Jeffrey Benjamin
Director
Timothy Campos
Director
Dhiren Fonseca
Director
Mitchell Garber
Director
Darren Glatt
Director
Aaron Sobel
Director
Brian St. Jean
  • Dividends
  • Splits
  • Insider Activity
No Data
Access Level 2 Advance
Nasdaq TotalView
for Free
Get Now
About RXT
Rackspace Technology, Inc. is a multi-cloud technology services company. The Company designs, builds and operates cloud environments across technology platforms. The Company’s segments include Multicloud Services, Apps & Cross Platform and OpenStack Public Cloud. The Multi cloud Services segment includes public and private cloud managed services offerings, as well as professional services related to designing and building multi cloud solutions and cloud-native applications. The Apps & Cross Platform segment includes managed applications, managed security and data services, as well as professional services related to designing and implementing application, security and data services. OpenStack Public Cloud. Enables to run applications on a public cloud that is built on open-source technology. It delivers professional services across its entire portfolio, including multi cloud solutions, applications, security and data.
More
Hot Stocks
Symbol
Price
%Change

Webull offers kinds of Rackspace Technology, Inc. stock information, including NASDAQ:RXT real-time market quotes, financial reports, professional analyst ratings, in-depth charts, corporate actions, RXT stock news, and many more online research tools to help you make informed decisions.

You can practice and explore trading RXT stock methods without spending real money on the virtual paper trading platform.