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- $820.7MMarket Cap
- 122.07%1-Year Change
- Software - InfrastructureIndustry
RACKSPACE TECH (RXT)
Key Performance
More- Earnings Score: 32
- Momentum Score: 45
- True Yield: N/A
- Financial Health Score: 68
Latest Research & News
A class action lawsuit has been filed against Rackspace Technology, Inc. alleging that company executives made materially false and misleading statements regarding the company's business operations and financial condition during the period of May 7, 2026 to July 8, 2026. The complaint claims Rackspace failed to disclose declining Public Cloud revenue, the need to redirect resources from its profitable Private Cloud segment to enterprise AI efforts, and the resulting impact on fiscal year 2026 revenue.
09/08/2026, 12:00 PM • GlobeNewswire
Rosen Law Firm has filed securities class action lawsuits against Rackspace Technology, Capricor Therapeutics, and Smartsheet Inc., alleging that company defendants made false or misleading statements regarding their business operations and financial prospects. Investors with losses exceeding $100,000 are encouraged to join the class actions before upcoming deadlines.
09/07/2026, 7:07 PM • GlobeNewswire
Rackspace Technology (RXT) shareholders are urged to file claims in a securities fraud class action lawsuit. The company allegedly failed to disclose that significant AI investments would require resource reallocation from its profitable Private Cloud segment and that Public Cloud revenue was declining. On July 9, 2026, Rackspace cut full-year revenue guidance by $150 million, causing the stock to plunge 33.6%. The deadline to file a lead plaintiff motion is September 28, 2026.
09/07/2026, 2:15 PM • GlobeNewswire
A securities fraud class action lawsuit has been filed against Rackspace Technology, Inc. (NASDAQ: RXT) for allegedly making material misstatements about its enterprise AI efforts and failing to disclose that AI investments would require significant resource reallocation from its profitable Private Cloud segment and declining Public Cloud revenue. On July 9, 2026, Rackspace reduced its full year 2026 revenue guidance by $150 million, causing its stock to plummet 33.6%. Investors who purchased RXT securities between May 7, 2026 and July 8, 2026 can seek lead plaintiff status by September 28, 2026.
09/05/2026, 10:00 AM • GlobeNewswire
Rosen Law Firm has filed securities class action lawsuits against GoDaddy Inc., Blaize Holdings Inc., and Rackspace Technology Inc., alleging materially false and misleading statements. GoDaddy is accused of misrepresenting customer growth strategy and average order size metrics, with a promotional campaign that contradicted public statements. Investors who purchased shares during specified class periods are encouraged to join the litigation before lead plaintiff deadlines.
09/04/2026, 7:38 PM • GlobeNewswire
Rosen Law Firm is notifying investors of securities class action lawsuits against Blaize Holdings, GoDaddy Inc., and Rackspace Technology. The lawsuits allege false statements, improper revenue recognition, and misleading disclosures. Investors have until specified deadlines to join as lead plaintiffs or class members.
09/04/2026, 7:27 PM • GlobeNewswire
Rosen Law Firm announced an important deadline of September 28, 2026 for investors who purchased Rackspace Technology, Inc. (RXT) securities between May 7 and July 8, 2026 to join a securities class action lawsuit. The lawsuit alleges that Rackspace made misleading statements regarding its AI initiatives, declining public cloud revenue, and overstated business prospects, resulting in investor losses.
09/04/2026, 6:47 PM • GlobeNewswire
Rosen Law Firm is notifying investors in Rackspace Technology, Inc. (RXT) of an important September 28, 2026 deadline to join a securities class action lawsuit. The lawsuit alleges that Rackspace made false statements regarding its enterprise AI efforts, declining Public Cloud revenue, and materially misleading statements about business prospects during the May 7 - July 8, 2026 period. Investors with losses exceeding $100,000 are encouraged to secure legal counsel.
09/04/2026, 6:47 PM • GlobeNewswire
Rosen Law Firm has filed securities class action lawsuits against Intuit Inc. (INTU) and Rackspace Technology Inc. (RXT). The Intuit lawsuit alleges the company made false statements about its positioning in generative AI and Mailchimp's turnaround, concealing competitive pressures and growth failures. Investors with losses exceeding $100K are encouraged to join before the September 8, 2026 lead plaintiff deadline.
09/04/2026, 6:36 PM • GlobeNewswire
Rosen Law Firm is notifying investors in EquipmentShare.com Inc (EQPT) and Rackspace Technology, Inc. (RXT) about ongoing securities class action lawsuits. EquipmentShare investors who purchased securities during the January-June 2026 period are being urged to act before the September 21, 2026 lead plaintiff deadline. The lawsuit alleges that EquipmentShare made materially false statements and failed to disclose undisclosed related party transactions and misleading financial statements. Similar allegations are being pursued against Rackspace Technology with a deadline in September 2026.
09/04/2026, 6:28 PM • GlobeNewswire
Rosen Law Firm is investigating potential securities claims against Flow Foundation for allegedly issuing materially misleading information about FLOW cryptocurrency. The firm is also pursuing a class action against Rackspace Technology, Inc. (RXT) for securities purchased between May 7 and July 8, 2026. Investors with losses are encouraged to join the prospective class actions through contingency fee arrangements.
09/04/2026, 6:28 PM • GlobeNewswire
Schall, Brown & Schwartz LLP announced a class action securities fraud lawsuit against Rackspace Technology, Inc. (NASDAQ: RXT) for violations of the Securities Exchange Act. The lawsuit alleges the company made false and misleading statements regarding its enterprise AI business, which diverted investment from its profitable Private Cloud business, causing revenue decline. The class period spans May 7, 2026 to July 8, 2026, with a September 28, 2026 deadline for investors to participate.
09/03/2026, 10:50 AM • GlobeNewswire
Kaplan Fox has filed securities class action lawsuits against Rackspace Technology, Bloom Energy Corporation, and PROCEPT BioRobotics Corporation on behalf of investors who suffered losses. The Rackspace lawsuit alleges the company made false statements about its AI initiatives, Public Cloud revenue decline, and fiscal year 2026 revenue impact. Lead plaintiff deadlines range from September 22-28, 2026.
09/02/2026, 8:45 AM • GlobeNewswire
Rosen Law Firm announces class action securities lawsuits against Capricor Therapeutics (CAPR) and Rackspace Technology (RXT). The CAPR lawsuit alleges the company made false statements regarding changes to statistical analysis plans for its Deramiocel treatment without FDA approval, creating regulatory risks. Investors who suffered losses exceeding $100,000 during the specified periods are encouraged to join the lawsuits before the September 28, 2026 deadline.
09/01/2026, 10:30 PM • GlobeNewswire
Rosen Law Firm announces class action securities lawsuits against Rackspace Technology (RXT) and Capricor Therapeutics (CAPR), alleging material misstatements regarding business operations and financial prospects. Investors who suffered losses exceeding $100,000 during specified periods are encouraged to join the lawsuits before September 28, 2026 deadline.
09/01/2026, 10:29 PM • GlobeNewswire
Peers
Statistics
MoreInformation as of 09/11/2026
Company Profile
Rackspace Technology, Inc. operates as a hybrid cloud and artificial intelligence solutions company in the United States, the United Kingdom, and internationally. It operates through two segments, Public Cloud and Private Cloud. The company offers programmatic infrastructure, including hardware and services for datacenter compute, network, storage, and data protection; cloud operating systems; platform-as-a-service; private cloud solutions; and private cloud services, such as managed, professional, elastic engineering, and security services, as well as an email platform for customers and carriers. It also provides a cloud platform that offers platform-related services, including cloud strategy and architecture, platform and infrastructure migrations, and modern cloud infrastructure; cloud apps that build and manage applications within a cloud technology stack; and cloud data, which helps accelerate the adoption of modern data solutions enabling business transformation. In addition, the company offers cloud security that provides security solutions in security threat assessment and prevention; proactive threat detection and response; rapid remediation; governance, risk, and compliance assistance across multiple cloud platforms; and privacy and data protection services, including detailed access restrictions and reporting. Further, it provides Rackspace AI, a portfolio of AI services and solutions to help organizations scale AI, as well as multi-cloud strategy, data and application modernization, cloud adoption, cloud-native enablement, SaaS lifecycle management, and data management services. The company serves the financial services, government, healthcare, manufacturing, non-profit, education, SaaS and ISV, consumer goods, oil and gas, and other industries. The company was formerly known as Rackspace Corp. and changed its name to Rackspace Technology, Inc. in June 2020. Rackspace Technology, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.
Key Executives
- Gajakarnan Vibushanan Kandiah
- Dharmendra Kumar Sinha
- Mark A. Marino
- Kellie Teal-Guess
- Kathleen Schneider
Current Ownership Distribution
- Institutions3.5B (91.09%)
- Mutual Funds269.8M (6.98%)
- Insiders74.3M (1.92%)
- Other0 (0.00%)