RXT
RACKSPACE TECH (RXT)
NASDAQ
$3.35+$0.03 (+0.75%)
Price as of Aug 21, 2026 7:58 PM EDT
  • $846.2M
    Market Cap
  • 153.44%
    1-Year Change
  • Software - Infrastructure
    Industry

Key Performance

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  • Earnings Score: 34
  • Momentum Score: 38
  • True Yield: N/A
  • Financial Health Score: 75
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Latest Research & News

ROSEN, NATIONAL TRIAL LAWYERS, Encourages Rackspace Technology, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - RXT

Rosen Law Firm has filed securities class action lawsuits against Rackspace Technology, Hertz Global Holdings, and GPGI, Inc. (formerly CompoSecure). The lawsuits allege that defendants made false or misleading statements regarding their business operations and financial prospects. Investors who purchased securities during specified class periods are encouraged to secure legal counsel before the September 28, 2026 lead plaintiff deadline.

08/09/2026, 6:48 PMGlobeNewswire

Rackspace Technology, Inc. Investors: September 28, 2026, Deadline in Securities Fraud Class Action Lawsuit – Contact Kessler Topaz Meltzer & Check, LLP

A securities fraud class action lawsuit has been filed against Rackspace Technology (NASDAQ: RXT) for allegedly making materially false statements 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 revealed the strategic shift and reduced 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.

08/09/2026, 11:57 AMGlobeNewswire

ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Rackspace Technology, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – RXT

Rosen Law Firm has filed a class action lawsuit against Rackspace Technology, Inc. (NASDAQ: RXT) on behalf of investors who purchased securities between May 7, 2026 and July 8, 2026. The lawsuit alleges that Rackspace made false and misleading statements regarding its enterprise AI efforts, declining Public Cloud revenue, and the impact on fiscal year 2026 revenue. Investors who wish to serve as lead plaintiff must file by September 28, 2026.

08/06/2026, 2:02 PMGlobeNewswire

RACKSPACE TECHNOLOGY INVESTOR ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Rackspace Technology, Inc. and Encourages Investors to Contact the Firm

A class action lawsuit has been filed against Rackspace Technology (RXT) for securities purchased between May 7, 2026 and July 8, 2026. The lawsuit alleges that Rackspace misrepresented its enterprise AI efforts, which would require significant reallocation of resources from its profitable Private Cloud segment, while its Public Cloud revenue was declining due to customer migration to hyperscale platforms. These factors would materially impact fiscal year 2026 revenue.

08/05/2026, 3:25 PMGlobeNewswire

RXT Class Action Alert: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Rackspace Technology, Inc. Class Action Lawsuit

A securities class action has been filed against Rackspace Technology, Inc. (RXT) for allegedly making materially false or misleading statements regarding its business operations between May 7, 2026 and July 8, 2026. The company failed to disclose that enterprise AI efforts would require significant resource reallocation away from its profitable Private Cloud segment and that Public Cloud revenue was declining. Following the disclosure of these issues on July 9, 2026, RXT stock fell 33.6% to $4.37 per share. Investors who suffered losses during the class period may be eligible to participate in the lawsuit.

08/03/2026, 9:08 PMGlobeNewswire

ROSEN, A RANKED AND LEADING LAW FIRM, Encourages Photronics, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – PLAB

Rosen Law Firm has filed securities class action lawsuits against Photronics, Inc., Hertz Global Holdings, Inc., and Rackspace Technology, Inc. The firm is seeking lead plaintiffs with a September 4, 2026 deadline. Photronics is accused of making false statements about its product pipeline and demand stability, while concealing a critical bottleneck in design releases.

08/03/2026, 6:59 PMGlobeNewswire

Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Rackspace Technology, Inc. and Encourages Investors to Contact the Firm

A class action lawsuit has been filed against Rackspace Technology, Inc. for investors who purchased securities between May 7, 2026 and July 8, 2026. The lawsuit alleges that Rackspace misrepresented its enterprise AI efforts' impact on its profitable Private Cloud segment, declining Public Cloud revenue, and the resulting significant impact on fiscal year 2026 revenue. Investors have until September 28, 2026 to apply to be appointed as lead plaintiff.

07/31/2026, 2:30 PMGlobeNewswire

Rackspace Technology in zwei Kategorien des „2026 ISG Provider Lens®, Private/Hybrid Cloud – Data Center Services Report“ als führender Anbieter ausgezeichnet

Rackspace Technology has been named a leader in two categories of the 2026 ISG Provider Lens report for Private/Hybrid Cloud Data Center Services in the US and UK. The recognition highlights Rackspace's strengths in managed AI-enabled infrastructure services for mid-market enterprises and managed cloud hosting solutions, particularly for regulated industries requiring high governance and compliance standards.

07/14/2026, 9:54 AMGlobeNewswire

Why Rackspace Rallied Today

Rackspace stock surged up to 21% after announcing a partnership expansion with AMD to deploy 30 MW of compute capacity for enterprise customers in regulated industries through 2028. The company also announced a 15% workforce reduction to save $75-85 million annually and refocus on AI opportunities. Despite the rally, Rackspace remains well below its $21 IPO price from 2020.

06/16/2026, 4:14 PMThe Motley Fool

Why Is Rackspace Stock Surging Today?

Rackspace Technology (RXT) shares surged 11.41% after announcing a definitive agreement with AMD for phased deployment of 30 megawatts of AMD-based AI compute infrastructure. The partnership formalizes an earlier MOU and positions AMD as a core silicon partner in Rackspace's governed AI infrastructure stack, targeting regulated industries like healthcare. However, technical analysis shows fading momentum with MACD below its signal line, suggesting caution despite the stock's 334.93% gain over 12 months.

06/16/2026, 10:41 AMBenzinga

Micron And The Memory Trade Look Bulletproof: This Analyst Says A 5% Yield Cracks Them

Technical analyst John Roque warns that rising 2-year Treasury yields heading toward 5% pose a significant threat to momentum-driven tech and semiconductor stocks. After extreme valuations and parabolic advances in May-June, chip stocks like Micron, Marvell, and Dell face correction risks. The analyst also cautions on gold, silver, and Bitcoin, citing rising rates as a headwind for these assets.

06/08/2026, 3:47 PMBenzinga

شركة Rackspace Technology تؤسس مقرها الإقليمي في الرياض لتسريع نمو تقنيات الحوسبة السحابية والذكاء الاصطناعي

Rackspace Technology (NASDAQ: RXT) announced the establishment of its regional headquarters in Riyadh, Saudi Arabia, to strengthen its commitment to the Kingdom and broader Middle East region. The new hub will serve as a strategic center for operations and customer engagement, supporting digital transformation initiatives aligned with Saudi Vision 2030, with a focus on enterprise cloud adoption, sovereign cloud capabilities, and AI-driven transformation across GCC countries.

06/08/2026, 1:30 AMGlobeNewswire

Rackspace Technology Establishes Regional Headquarters in Riyadh to Accelerate Cloud and AI Growth

Rackspace Technology announced the establishment of its regional headquarters in Riyadh, Saudi Arabia, to strengthen its presence in the Middle East and support digital transformation initiatives aligned with Vision 2030. The office will focus on accelerating enterprise cloud adoption, expanding sovereign cloud capabilities, and supporting AI-driven transformation across the GCC region.

06/08/2026, 1:30 AMGlobeNewswire

Global Data Center Colocation Market to Reach USD 327.3 Billion by 2035, Expanding at a 14.5% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT Analysis)

The global data center colocation market is projected to grow from USD 84.5 billion in 2025 to USD 327.3 billion by 2035, expanding at a 14.5% CAGR. Growth is driven by increasing demand for edge computing, low-latency applications, government digitalization initiatives, and data localization requirements. North America currently holds the largest market share, while Asia Pacific is expected to grow at the highest CAGR during the forecast period.

06/04/2026, 12:30 AMGlobeNewswire

Micron And Dell Are Up 260%: These 5 Small Caps Nearly Doubled That

While Micron and Dell have surged 260% in 2026 driven by AI server demand, five Russell 2000 small-cap stocks have each rallied over 400%. Four are AI supply chain plays (optical components, semiconductor testing, networking chips), while one is an unrelated healthcare company. Applied Optoelectronics leads at +473%, followed by Rackspace at +461%, Aehr Test Systems at +436%, agilon health at +404%, and MaxLinear at +398%.

06/02/2026, 10:56 AMBenzinga

Peers

Statistics

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Day Range
$3.09
$3.44
$3.32
1-Year Range
$0.41
$7.53
$3.32
Latest Close$3.32
Change
+$0.07 (+2.11%)
Volume8,164,260
Market Cap$846.2M
Shares Outstanding254.9M
P/E (TTM)-5.14
Diluted EPS (TTM)-$0.65
Enterprise Value$3.5B

Information as of 08/21/2026

Company Profile

RACKSPACE TECHNOLOGY INC
RACKSPACE TECHNOLOGY INC
https://www.rackspace.com
$846.2M
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

  • Gajen Kandiah
  • Gajakarnan Vibushanan Kandiah
  • Dharmendra Kumar Sinha
  • Mark A. Marino
  • Kellie Teal-Guess

Current Ownership Distribution

  • Institutions3.5B (91.53%)
  • Mutual Funds250.7M (6.52%)
  • Insiders75.0M (1.95%)
  • Other0 (0.00%)