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- $983.8MMarket Cap
- 177.70%1-Year Change
- Software - InfrastructureIndustry
RACKSPACE TECH (RXT)
Key Performance
More- Earnings Score: 32
- Momentum Score: 87
- True Yield: N/A
- Financial Health Score: 69
Latest Research & News
A securities class action lawsuit has been filed against Rackspace Technology for allegedly misleading investors about the financial impact of its AI strategy, declining Public Cloud revenue, and reduced infrastructure resale business. The company reduced its full year 2026 revenue guidance by $150 million on July 9, 2026, causing its stock to fall 33.6%. The deadline to seek lead plaintiff status is September 28, 2026.
09/26/2026, 8:44 AM • GlobeNewswire
Rosen Law Firm reminds Rackspace Technology (RXT) investors who purchased securities between May 7, 2026 and July 8, 2026 of the September 28, 2026 lead plaintiff deadline in an ongoing securities class action. The lawsuit alleges that Rackspace made false statements regarding its enterprise AI efforts, declining Public Cloud revenue, and materially misleading statements about business prospects and fiscal year 2026 revenue projections.
09/25/2026, 5:57 PM • GlobeNewswire
A class action lawsuit has been filed against Rackspace Technology, Inc. alleging that company executives made materially false and misleading statements regarding business operations and financial condition during May-July 2026. The complaint claims Rackspace failed to disclose that enterprise AI efforts would require significant reallocation of resources from its profitable Private Cloud segment, that Public Cloud revenue was declining, and that fiscal year 2026 revenue would be significantly impacted. Investors who purchased Rackspace securities during the class period are encouraged to join the lawsuit.
09/25/2026, 12:00 PM • GlobeNewswire
Rosen Law Firm is soliciting investors for multiple securities class action lawsuits. The primary case involves Dun & Bradstreet Holdings (DNB), alleging false and misleading statements regarding its merger with Clearlake Capital Group, including omissions about executive interests and financial advisor conflicts. Additional cases involve York Space Systems (YSS) and Rackspace Technology (RXT). The lead plaintiff deadline for DNB is November 10, 2026.
09/23/2026, 8:13 PM • GlobeNewswire
A class action lawsuit has been filed against Rackspace Technology for allegedly misleading investors about its enterprise AI efforts and their impact on profitability. The lawsuit claims Rackspace failed to disclose that AI initiatives would require significant reallocation of resources from its profitable Private Cloud segment, that Public Cloud revenue was declining due to customer migration to hyperscale platforms, and that these factors would materially impact fiscal year 2026 revenue. Investors who purchased shares between May 7, 2026 and July 8, 2026 can apply to be lead plaintiff by September 28, 2026.
09/21/2026, 5:34 PM • GlobeNewswire
Rackspace Technology (RXT) faces a securities fraud class action lawsuit after the company revealed on July 9, 2026 that its AI investments would require significant resource reallocation, leading to a $150 million reduction in full-year 2026 revenue guidance and a 33.6% stock price decline. The lawsuit alleges defendants made materially false statements and failed to disclose that enterprise AI efforts would impact the profitable Private Cloud segment and that Public Cloud revenue was declining.
09/21/2026, 2:35 PM • GlobeNewswire
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.
09/18/2026, 12:00 PM • GlobeNewswire
A securities class action lawsuit has been filed against Rackspace Technology, Inc. for allegedly making false and misleading statements regarding its business operations. The lawsuit claims defendants failed to disclose that enterprise AI efforts would require significant reallocation of resources from the profitable Private Cloud segment, that Public Cloud revenue was declining, and that fiscal year 2026 revenue would be significantly impacted. Investors who purchased securities between May 7, 2026 and July 8, 2026 may be eligible for compensation. The lead plaintiff deadline is September 28, 2026.
09/15/2026, 8:22 PM • GlobeNewswire
Law firm Kirby McInerney LLP announced pending securities class action lawsuits against Rackspace Technology for allegedly making false statements about its business transition to enterprise AI. The lawsuit covers investors who purchased RXT securities between May 7, 2026 and July 8, 2026. Rackspace's stock fell 33.6% on July 9, 2026 after the company revealed significant revenue guidance cuts of $150 million and disclosed that AI investments would require major resource reallocation away from profitable segments.
09/15/2026, 6:00 PM • GlobeNewswire
Law firm Kirby McInerney LLP announced pending securities class action lawsuits against Bloom Energy Corporation for allegedly making false statements about its reliance on Chinese scandium supplies. A short-seller report on July 8, 2026 revealed that Bloom Energy sourced scandium from China through intermediaries despite claiming minimal China supply chain dependence, causing the stock to fall 5.7%. The firm is seeking lead plaintiffs with a September 28, 2026 deadline.
09/15/2026, 6:00 PM • GlobeNewswire
Law firm Kirby McInerney LLP is alerting investors about pending securities fraud class action lawsuits against Capricor Therapeutics, Rackspace Technology, and Bloom Energy. The primary focus is on Capricor, which faces allegations of making false statements regarding changes to its statistical analysis plan for the Deramiocel drug candidate without FDA approval. The FDA subsequently rejected the drug, causing Capricor's stock to plummet 64% on July 27, 2026, and an additional 36% on July 30, 2026. The lead plaintiff deadline is September 28, 2026.
09/15/2026, 6:00 PM • GlobeNewswire
A securities fraud class action lawsuit has been filed against Rackspace Technology (NASDAQ: RXT) for allegedly making material misstatements about its enterprise AI efforts. The company failed to disclose that AI investments would require significant resource reallocation from its profitable Private Cloud segment and that Public Cloud revenue was declining. On July 9, 2026, Rackspace reduced its full year 2026 revenue guidance by $150 million, causing the 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.
09/12/2026, 2:20 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
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MoreInformation as of 10/01/2026
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
- Sagar Hebbar
Current Ownership Distribution
- Institutions3.5B (90.84%)
- Mutual Funds280.7M (7.25%)
- Insiders74.3M (1.92%)
- Other0 (0.00%)