Rackspace Technology Inc (RXT)

NASDAQ
Currency in USD
2.570
+0.150(+6.20%)
Closed
Pre Market
2.550-0.020(-0.78%)
RXT Scorecard
Full Analysis
Operates with a significant debt burden
Fair Value
Day's Range
2.3802.580
52 wk Range
1.4503.409
Key Statistics
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Prev. Close
2.57
Open
2.4
Day's Range
2.38-2.58
52 wk Range
1.45-3.409
Volume
820.24K
Average Vol. (3m)
846.39K
1-Year Change
33.85%
Book Value / Share
-4.2
Fair Value
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Fair Value Upside
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RXT Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
2.892
Upside
+12.52%
Members' Sentiments
Bearish
Bullish
ProTips
3 analysts have revised their earnings upwards for the upcoming period
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Rackspace Technology Inc 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. 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.

Employees
5800

Rackspace Technology Inc SWOT Analysis


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
Read full SWOT analysis

Rackspace Technology Inc Earnings Call Summary for Q1/2024

  • Rackspace exceeded Q1 guidance: revenue $691M, reduced debt by $300M+, annual interest costs down $11M+
  • Private Cloud bookings saw strong double-digit YoY growth; Public Cloud revenue declined 3% QoQ to $422M
  • Q2 guidance: GAAP revenue $668M-$678M, operating profit $20M-$22M; revenue expected to stabilize in Q3, increase in Q4
  • Focus on high-margin services, efficiency; new deals in healthcare, including partnership with Seattle Children's Health Hospital
  • Developing AI capabilities; 50% of master service agreements with large enterprises and mid-market customers already signed
Last Updated: 05/10/2024, 11:01 AM
Read Full Transcript

Compare RXT to Peers and Sector

Metrics to compare
RXT
Peers
Sector
Relationship
P/E Ratio
−0.8x−34.4x11.7x
PEG Ratio
−0.02−0.120.01
Price / Book
−0.6x6.5x2.4x
Price / LTM Sales
0.2x4.1x2.2x
Upside (Analyst Target)
16.7%8.6%23.2%
Fair Value Upside
Unlock12.4%4.2%Unlock

Analyst Ratings

1 Buy
4 Hold
1 Sell
Ratings:
6 analysts
Overall Consensus
Neutral

Analysts 12-Month Price Target:

Average 2.892
(+12.52% Upside)

Earnings

Latest Release
Nov 12, 2024
EPS / Forecast
-0.04 / -0.07
Revenue / Forecast
676.00M / 675.14M
EPS Revisions
Last 90 days

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FAQ

What Is the Rackspace (RXT) Stock Price Today?

The Rackspace stock price today is 2.57

What Stock Exchange Does Rackspace Trade On?

Rackspace is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for Rackspace?

The stock symbol for Rackspace is "RXT."

What Is the Rackspace Market Cap?

As of today, Rackspace market cap is 584.85M.

What is Rackspace Earnings Per Share?

The Rackspace EPS is -3.49.

What Is the Next Rackspace Earnings Date?

Rackspace will release its next earnings report on Feb 19, 2025.

From a Technical Analysis Perspective, Is RXT a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
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