Rackspace Technology/$RXT

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About Rackspace Technology

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.

Ticker

$RXT
Primary listing

Industry

IT Services

Employees

5,100

ISIN

US7501021056

RXT Metrics

BasicAdvanced
$373M
-
-$1.28
2.14
-

What the Analysts think about RXT

Analyst ratings (Buy, Hold, Sell) for Rackspace Technology stock.

Bulls say / Bears say

Rackspace Technology's healthcare business is projected to grow by nearly 30% year-over-year in fiscal 2024, indicating strong momentum in this sector. (beyondspx.com)
The company's sovereign cloud vertical is expected to grow over 50% compared to the previous year, showcasing significant expansion in this area. (beyondspx.com)
Rackspace has launched 15 new products and enhanced 19 others during the third quarter, demonstrating a commitment to innovation and potential for increased market share. (beyondspx.com)
Rackspace reported a revenue decline of 8% year-over-year in Q3 2024, indicating potential challenges in maintaining growth. (beyondspx.com)
The company reported a net income loss of $186.6 million in the most recent quarter, raising concerns about profitability. (beyondspx.com)
Analyst recommendations show a trend towards 'Sell,' with 46% of analysts rating the stock as such, reflecting negative sentiment. (indmoney.com)
Data summarised monthly by Lightyear AI. Last updated on 16 Jul 2025.

RXT Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

RXT Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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