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. 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.
Market Outlook | Analyst price targets range from $1.00 to $3.00, reflecting mixed views on Rackspace's ability to navigate macroeconomic challenges and achieve profitability |
Competitive Edge | Explore how Rackspace's expertise in tailored cloud solutions for specific industries, particularly Healthcare, positions it for future expansion |
Financial Headwinds | Despite revenue challenges, Rackspace's stock has gained 21% year-to-date, outperforming peers. Analysts project negative EPS for FY24 and FY25 |
Cloud Transformation | Rackspace's shift to a services-first multi-cloud provider shows promise, with strong performance in Public Cloud and Healthcare verticals driving growth |
Metrics to compare | RXT | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipRXTPeersSector | |
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P/E Ratio | −0.8x | −34.4x | 11.7x | |
PEG Ratio | −0.02 | −0.12 | 0.01 | |
Price / Book | −0.6x | 6.5x | 2.4x | |
Price / LTM Sales | 0.2x | 4.1x | 2.2x | |
Upside (Analyst Target) | 16.7% | 8.6% | 23.2% | |
Fair Value Upside | Unlock | 12.4% | 4.2% | Unlock |