RXT
RACKSPACE TECH (RXT)
NASDAQ
$3.24+$0.02 (+0.62%)
Price as of Sep 11, 2026 7:59 PM EDT
  • $820.7M
    Market Cap
  • 122.07%
    1-Year Change
  • Software - Infrastructure
    Industry

Key Performance

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  • Earnings Score: 32
  • Momentum Score: 45
  • True Yield: N/A
  • Financial Health Score: 68
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Latest Research & News

Bronstein, Gewirtz & Grossman LLC Urges Rackspace Technology, Inc. Investors to Act: Class Action Filed Alleging Investor Harm

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 PMGlobeNewswire

RXT FINAL DEADLINE: ROSEN, A TOP RANKED LAW FIRM, Encourages Rackspace Technology, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – RXT

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 PMGlobeNewswire

Deadline Alert: Rackspace Technology, Inc. (RXT) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit

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 PMGlobeNewswire

NASDAQ: RXT: Kessler Topaz Meltzer & Check, LLP Announces the Filing of a Securities Fraud Class Action Lawsuit Against Rackspace Technology, Inc.

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 AMGlobeNewswire

ROSEN, SKILLED INVESTOR COUNSEL, Encourages GoDaddy Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – GDDY

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 PMGlobeNewswire

ROSEN, NATIONALLY REGARDED INVESTOR COUNSEL, Encourages Blaize Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - BZAI

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 PMGlobeNewswire

RXT 截止日期通知:值得信賴的投資者法律顧問 ROSEN 建議虧損超過 10 萬美元的 Rackspace Technology, Inc. 投資者在該律師行對 RXT 提出證券集體訴訟的重要截止日期前聘請律師

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 PMGlobeNewswire

RXT DEADLINE NOTICE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Rackspace Technology, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – RXT

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 PMGlobeNewswire

INTU DEADLINE: ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Intuit Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important September 8 Deadline in Securities Class Action Filed by the Firm - INTU

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 PMGlobeNewswire

EQPT DEADLINE: ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages EquipmentShare.com Inc Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action - EQPT

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 PMGlobeNewswire

FLOW Cryptocurrency Investor News: If You Have Suffered Losses in FLOW Cryptocurrency, You Are Encouraged to Contact The Rosen Law Firm About Your Rights

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 PMGlobeNewswire

RXT Investors Have Opportunity to Lead Rackspace Technology, Inc. Securities Fraud Lawsuit with SBS Law

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 AMGlobeNewswire

Kaplan Fox Reminds Rackspace Technology, Inc. (NASDAQ: RXT) Investors to Seek a Leadership Role Before Deadline on September 28, 2026

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 AMGlobeNewswire

מועד אחרון לתביעה ייצוגית נגד CAPR: רוזן, המייצג משקיעים וזוכה להערכה רבה, קורא למשקיעי חברת Capricor Therapeutics, Inc שספגו הפסדים העולים על 100,000 דולר לשכור ייצוג משפטי לקראת מועד אחרון חשוב בתביעה ייצוגית בניירות הערך – CAPR

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 PMGlobeNewswire

מועד אחרון לתביעה ייצוגית נגד RXT: רוזן, משרד עורכי דין גלובלי ומוביל, קורא למשקיעי חברת Rackspace Technology, Inc. שספגו הפסדים העולים על 100,000 דולר, לשכור ייצוג משפטי לקראת המועד האחרון החשוב בתביעה ייצוגית בניירות ערך – RXT

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 PMGlobeNewswire

Peers

Statistics

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Day Range
$3.16
$3.39
$3.22
1-Year Range
$0.41
$7.53
$3.22
Latest Close$3.22
Change
+$0.09 (+2.80%)
Volume9,554,602
Market Cap$820.7M
Shares Outstanding254.9M
P/E (TTM)-4.98
Diluted EPS (TTM)-$0.65
Enterprise Value$3.5B

Information as of 09/11/2026

Company Profile

RACKSPACE TECHNOLOGY INC
RACKSPACE TECHNOLOGY INC
https://www.rackspace.com
$820.7M
Market Cap
-$159.0M
Net Income
Sector: Technology
Industry: Software - Infrastructure
19122 US Highway 281 N., San Antonio, TX, United States, 78258-7667
800 961 4454

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%)