Rackspace Technology, Inc.

RXT

US7501021056

IT Services & Consulting

Market Closed - Nasdaq Other stock markets 01:30:01 01/06/2024 am IST			5-day change	1st Jan Change
1.96 ^USD	+5.38%		+1.55%	-2.00%

16/05	Rackspace Technology® Epic Infrastructure Managed Services Increases Seattle Children's Epic Electronic Health Record Availability	CI
15/05	Rackspace Technology, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Rackspace Technology, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024

May 16, 2024 at 01:42 am IST

Rackspace Technology, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 690.8 million compared to USD 758.7 million a year ago. Net loss was USD 640.6 million compared to USD 612 million a year ago.

Basic loss per share from continuing operations was USD 2.91 compared to USD 2.87 a year ago. Diluted loss per share from continuing operations was USD 2.91 compared to USD 2.87 a year ago.

Latest news about Rackspace Technology, Inc.

Rackspace Technology® Epic Infrastructure Managed Services Increases Seattle Children's Epic Electronic Health Record Availability	16/05	CI
Rackspace Technology, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	16/05	CI
UBS Raises Price Target on Rackspace Technology to $1.80 From $1.65, Keeps Neutral Rating	10/05	MT
(RXT) RACKSPACE TECHNOLOGY Expects Q2 Revenue Range $668M - $678M	10/05	MT
Earnings Flash (RXT) RACKSPACE TECHNOLOGY Reports Q1 Revenue $691M, vs. Street Est of $684.3M	10/05	MT
Transcript : Rackspace Technology, Inc., Q1 2024 Earnings Call, May 09, 2024	10/05
Rackspace Technology, Inc. Announces Impairment Charges for the First Quarter Ended March 31, 2024	10/05	CI
Rackspace Technology, Inc. Provides Earnings Guidance for the Second Quarter of 2024	10/05	CI
Foundry for AI by Rackspace Partners with OhioX to Drive Responsible AI Adoption in Ohio	23/04	CI
Rackspace Technology Launches Rackspace UK Sovereign Services for Secure, Cost-Effective Workloads in the UK Public Sector and Regulated Services	27/03	CI
Rackspace Technology Offers to Exchange Senior Secured Notes due 2028	15/03	MT
Rackspace Technology's Q4 Results Reflect Continued Macro Pressures, Company's Transition, RBC Says	14/03	MT
Raymond James Trims Rackspace Technology's Price Target to $3 From $3.50, Maintains Outperform Rating	13/03	MT
BMO Capital Adjusts Price Target on Rackspace Technology to $2.50 From $1.50, Maintains Market Perform Rating	13/03	MT
Evercore ISI Trims Price Target on Rackspace Technology to $2 From $3, Maintains In-Line Rating	13/03	MT
Sector Update: Tech Stocks Lean Lower Pre-Bell Wednesday	13/03	MT
Rackspace Reports Q4 Loss, Lower Revenue; Strikes Refinancing Deals -- Shares Fall After-Hours	13/03	MT
Transcript : Rackspace Technology, Inc., Q4 2023 Earnings Call, Mar 12, 2024	13/03
Rackspace Technology Guides For Q1 Loss of $0.12-$0.14 on Revenue of $680-$690 Million, vs CIQ Analyst Consensus of $0.04/Share Loss on Revenue of $709 Million	13/03	MT
Earnings Flash (RXT) RACKSPACE TECHNOLOGY Posts Q4 Revenue $720M, vs. Street Est of $714.7M	13/03	MT
Rackspace Technology, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	13/03	CI
Rackspace Technology, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	13/03	CI
Rackspace Technology, Inc. Announces Board Changes	08/02	CI
Rackspace Technology Announces the Launch of Rackspace Intelligent Co-Work for the Enterprise Accelerator on AWS Marketplace	16/01	CI
Rackspace Technology Promotes Mark Marino to Chief Financial Officer	12/01	MT

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Company Profile

Rackspace Technology, Inc. is an end-to-end hybrid, multicloud, and artificial intelligence (AI) solutions company. The Company designs, builds, and operates its customersâ cloud environments across all technology platforms, irrespective of technology stack or deployment model. The Company operates through two segments. Its Public Cloud segment is a service-centric, capital-light model providing value-added cloud solutions through managed services, elastic engineering and professional services offerings for customer environments hosted on the Amazon Web Services (AWS), Microsoft Azure and Google Cloud public cloud platforms. Its Private Cloud segment is a technology-forward, capital-intensive model providing managed service offerings for customer environments hosted in one of its data centers as well as in those owned by customers or by third parties. Private Cloud product portfolio includes Programmatic Infrastructure, Cloud Operating Systems, Platform-as-a-Service and others.

Sector

IT Services & Consulting

Calendar

06/08/2024 - Q2 2024 Earnings Release (Projected)

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Ratings for Rackspace Technology, Inc.

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

1.96 USD

Average target price

2.217 USD

Spread / Average Target

+13.10%

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