Why RXT stock is down?
Is RXT stock a good buy?
Is Rackspace stock a good buy?
Will Rackspace stock go up?
The 9 analysts offering 12-month price forecasts for Rackspace Technology Inc have a median target of 11.00, with a high estimate of 16.00 and a low estimate of 9.00. The median estimate represents a +23.87% increase from the last price of 8.88.
Did Amazon invest in Rackspace?
Is Rackspace a good company to work for?
Is Rackspace Technology a buy right now?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rackspace Technology in the last twelve months. There are currently 5 hol...
When is Rackspace Technology's next earnings date?
Rackspace Technology is scheduled to release its next quarterly earnings announcement on Monday, May 9th 2022. View our earnings forecast for Rack...
How were Rackspace Technology's earnings last quarter?
Rackspace Technology, Inc. (NASDAQ:RXT) released its quarterly earnings data on Monday, February, 21st. The company reported $0.25 earnings per sha...
What guidance has Rackspace Technology issued on next quarter's earnings?
Rackspace Technology issued an update on its first quarter 2022 earnings guidance on Tuesday, March, 8th. The company provided earnings per share g...
What price target have analysts set for RXT?
10 brokers have issued twelve-month price objectives for Rackspace Technology's shares. Their forecasts range from $9.00 to $28.50. On average, the...
Who are Rackspace Technology's key executives?
Rackspace Technology's management team includes the following people: Mr. Kevin M. Jones , CEO & Director (Age 52, Pay $6.86M) ( LinkedIn Profil...
Who are some of Rackspace Technology's key competitors?
Some companies that are related to Rackspace Technology include IAC/InterActiveCorp (IAC) , Yandex (YNDX) , Switch (SWCH) , DigitalOcean (DOCN)...
What other stocks do shareholders of Rackspace Technology own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Rackspace Technology investors own include Advanced Micro...
When did Rackspace Technology IPO?
(RXT) raised $754 million in an initial public offering on Wednesday, August 5th 2020. The company issued 33,500,000 shares at a price of $21.00-$2...
Is Rackspace Technology a buy right now?
9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rackspace Technology in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock.
What stocks does MarketBeat like better than Rackspace Technology?
Wall Street analysts have given Rackspace Technology a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Rackspace Technology wasn't one of them.
Are investors shorting Rackspace Technology?
Rackspace Technology saw a increase in short interest in the month of August. As of August 13th, there was short interest totaling 9,940,000 shares, an increase of 12.6% from the July 29th total of 8,830,000 shares. Based on an average trading volume of 1,080,000 shares, the days-to-cover ratio is currently 9.2 days.
When is Rackspace Technology's next earnings date?
Rackspace Technology is scheduled to release its next quarterly earnings announcement on Tuesday, November 9th 2021.#N#View our earnings forecast for Rackspace Technology.
How were Rackspace Technology's earnings last quarter?
Rackspace Technology, Inc. (NASDAQ:RXT) posted its quarterly earnings results on Wednesday, August, 11th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01.
What guidance has Rackspace Technology issued on next quarter's earnings?
Rackspace Technology updated its third quarter 2021 earnings guidance on Wednesday, September, 8th. The company provided EPS guidance of $0.230-$0.250 for the period, compared to the Thomson Reuters consensus estimate of $0.260.
What price target have analysts set for RXT?
9 brokerages have issued 1 year price targets for Rackspace Technology's stock. Their forecasts range from $15.00 to $28.50. On average, they expect Rackspace Technology's stock price to reach $21.56 in the next twelve months.
Component Grades
We have 9 different ratings for every stock to help you appreciate its future potential. You can unlock it all now.
RXT POWR Grades
RXT scores best on the Momentum dimension, with a Momentum rank ahead of 93.73% of US stocks.
RXT Stock Summary
RXT's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 4.17 -- higher than just 15.11% of US-listed equities with positive expected earnings growth.
RXT Valuation Summary
In comparison to the median Technology stock, RXT's price/earnings ratio is 126.97% lower, now standing at -10.6.
RXT's Quality Factors
The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.
Latest RXT News From Around the Web
Below are the latest news stories about Rackspace Technology Inc that investors may wish to consider to help them evaluate RXT as an investment opportunity.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, August 19, 2021, and so far it has risen 10.35%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume is rising along with the price.
Support, Risk & Stop-loss
Rackspace Technology Inc. finds support from accumulated volume at $14.31 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is Rackspace Technology Inc. stock A Buy?
Rackspace Technology Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Rackspace Technology Media Sentiment
Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press.
Media Coverage
We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week.
Rackspace Technology (NASDAQ RXT) News Headlines Today
Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm.
AGU selected Rackspace Technology to Strengthen Infrastructure
SAN ANTONIO, Sept. 07, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced it worked with the American Geophysical Union (AGU) to improve the scalability and reliability of its IT infrastructure.
Holly Windham, Rackspace Technology Executive Vice President, Chief Legal and People Officer Receives Top General Counsel WIPL and TXDC Awards
SAN ANTONIO, Sept.
Rackspace Technology Simplifies Multicloud Security for the Future with Rackspace Elastic Engineering for Security
Dedicated pod of security experts operates as an extension of customer teams, providing a simplified, modern approach to solving complex security challenges Rackspace Technology Simplifies Multicloud Security for the Future with Rackspace Elastic Engineering for Security “Now more than ever it is critical for organizations to rapidly evolve and efficiently operationalize their cybersecurity capabilities,” said Gary Alterson, Rackspace Technology Vice President of Security Services.
Rackspace Technology Recognized as One of Achievers 50 Most Engaged Workplaces
SAN ANTONIO, Aug. 20, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced its recognition as one of the 2021 Achievers 50 Most Engaged Workplaces® Awards.
Rackspace Technology, Inc. (RXT) Q2 2021 Earnings Call Transcript
Kevin Jones, our chief executive officer; and Amar Maletira, our president and chief financial officer, join us today. Rackspace Technology assumes no obligation to update the information presented on the call except as required by law.
Rackspace Stock Drops as Adjusted Profit Beats, Outlook Disappoints
Cloud-services provider Rackspace reported higher revenue and a wider loss for the second quarter. Bookings for Q3 decelerated. The stock is lower.
CORRECTING and REPLACING - Rackspace Technology Reports Second Quarter 2021 Results
In a release issued under the same headline earlier today by Rackspace Technology, Inc. (Nasdaq: RXT), headers have been corrected and replaced in several financial tables. Complete corrected text follows.