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Rackspace Technology (RXT)
NASDAQ:RXT
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RXT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$1.15 - $3.18
Previous Close$2.5
Volume598.01K
Average Volume (3M)1.14M
Market Cap
$565.08M
Enterprise Value$3.74B
Total Cash (Recent Filing)$190.20M
Total Debt (Recent Filing)$3.36B
Price to Earnings (P/E)―
Beta3.03
Next Earnings
Nov 12, 2024EPS Estimate
-$0.07Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-3.73
Shares Outstanding226,032,947
10 Day Avg. Volume580,938
30 Day Avg. Volume1,139,831
Standard Deviation0.23
R-Squared0.18
Alpha-0.04
Financial Highlights & Ratios
Price to Book (P/B)-0.72
Price to Sales (P/S)0.20
Price to Cash Flow (P/CF)5.90
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.32
Enterprise Value/Gross Profit5.95
Enterprise Value/Ebitda-17.32
Forecast
1Y Price Target
$2.08Price Target Upside-14.05% Downside
Rating ConsensusHold
Number of Analyst Covering4
Rackspace Technology News
Bulls Say, Bears Say
Bulls Say
BookingsBookings commentary was encouraging particularly for core professional services.
EarningsRackspace delivered June quarter results above guidance, consistent with previous quarters.
Financial PerformanceSeptember quarter guidance was modestly above consensus at the mid-point.
Bears Say
Company OutlookRackspace is still in the middle of a long recovery journey towards positive growth and meaningful profit improvement.
Financial PerformanceNet revenue (excluding infrastructure re-sale) declined by 11% year-over-year in Public Cloud.
Revenue DeclineNet revenue (ex-infrastructure re-sale) declined by 11% y/y in Public Cloud vs 20% y/y decline in the March quarter.
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Ownership Overview
18.46% Insiders
4.23% Mutual Funds
63.13% Other Institutional Investors
14.18% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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RXT FAQ
What was Rackspace Technology’s price range in the past 12 months?
Rackspace Technology lowest stock price was $1.15 and its highest was $3.18 in the past 12 months.
What is Rackspace Technology’s market cap?
Currently, no data Available
When is Rackspace Technology’s upcoming earnings report date?
Rackspace Technology’s upcoming earnings report date is Nov 12, 2024 which is in 54 days.
How were Rackspace Technology’s earnings last quarter?
Rackspace Technology released its earnings results on Aug 08, 2024. The company reported -$0.08 earnings per share for the quarter, beating the consensus estimate of -$0.106 by $0.026.
Is Rackspace Technology overvalued?
According to Wall Street analysts Rackspace Technology’s price is currently Overvalued.
Does Rackspace Technology pay dividends?
Rackspace Technology does not currently pay dividends.
What is Rackspace Technology’s EPS estimate?
Rackspace Technology’s EPS estimate is -$0.07.
How many shares outstanding does Rackspace Technology have?
Rackspace Technology has 226,032,940 shares outstanding.
What happened to Rackspace Technology’s price movement after its last earnings report?
Rackspace Technology reported an EPS of -$0.08 in its last earnings report, beating expectations of -$0.106. Following the earnings report the stock price went up 0.446%.
Which hedge fund is a major shareholder of Rackspace Technology?
Among the largest hedge funds holding Rackspace Technology’s share is Aristeia Capital LLC. It holds Rackspace Technology’s shares valued at N/A.
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Rackspace Technology Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$2.08 (-14.05% Downside)
$2.08 (-14.05% Downside)
Blogger Sentiment
Bearish
RXT Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 82.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 4.8%
Last 30 Days ▼ 4.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
62.33%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-27.24%
Trailing 12-Months
Company Description
Rackspace Technology
Rackspace Technology Inc is an end-to-end multicloud technology services company. It designs, builds and operates its customers' cloud environments across all technology platforms, irrespective of technology stack or deployment model. The company's solutions include Application Services; Data; Colocation; Managed Cloud; Managed Hosting; Professional Services; and Security & Compliance. It operates in three reportable segments Multicloud Services; Apps & Cross Platform; and OpenStack Public Cloud. It generates revenue through the sale of consumption-based contracts for its services offerings and from the sale of professional services related to designing and building customer solution.
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RXT Company Deck
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RXT Earnings Call
Q2 2024
0:00 / 0:00
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RXT Stock 12 Month Forecast
Average Price Target
$2.08
▼(-14.05% Downside)
Technical Analysis
Best Analysts Covering RXT
1 Year
1 Year Success Rate
4/13 ratings generated profit
1 Year Average Return
-22.80%
reiterated a sell rating last month
Copying Ramsey El Assal's trades and holding each position for 1 Year would result in 30.77% of your transactions generating a profit, with an average return of -22.80% per trade.
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