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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$1.34 - $3.41
Previous Close$2.68
Volume911.63K
Average Volume (3M)718.33K
Market Cap
$609.88M
Enterprise Value$3.75B
Total Cash (Recent Filing)$157.10M
Total Debt (Recent Filing)$3.30B
Price to Earnings (P/E)―
Beta3.17
Next Earnings
Feb 19, 2025EPS Estimate
-$0.04Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-3.50
Shares Outstanding227,568,885
10 Day Avg. Volume1,484,191
30 Day Avg. Volume718,329
Standard Deviation0.22
R-Squared0.18
Alpha-0.04
Financial Highlights & Ratios
Price to Book (P/B)-0.56
Price to Sales (P/S)0.19
Price to Cash Flow (P/CF)2.60
P/FCF Ratio4.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.35
Enterprise Value/Gross Profit5.96
Enterprise Value/Ebitda-12.78
Forecast
1Y Price Target
$2.82Price Target Upside6.42% Upside
Rating ConsensusHold
Number of Analyst Covering5
Rackspace Technology News
PremiumCompany Announcements
Rackspace Technology Reports Decreased Q3 2024 Revenue
Bulls Say, Bears Say
Bulls Say
Bookings GrowthBookings in Public Cloud have grown quarter-over-quarter for three straight quarters and were at the highest level in two years.
Financial PerformanceOperating profit was modestly above forecast, as was free cash flow.
Revenue GrowthRackspace is gaining traction with healthcare clients specifically in the Private Cloud industry, with expected revenue growth of about 30% year-over-year in the healthcare sector.
Bears Say
Market DemandA softer demand environment continues to inhibit a top-line re-acceleration.
Profit MarginsRXT's adj. EBIT margins remain significantly lower than historical levels.
Revenue ForecastPublic Cloud decline is forecasted to worsen due to the runoff of infrastructure re-sale revenue.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
RXT FAQ
What was Rackspace Technology’s price range in the past 12 months?
Rackspace Technology lowest stock price was $1.34 and its highest was $3.41 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 Feb 19, 2025 which is in 59 days.
How were Rackspace Technology’s earnings last quarter?
Rackspace Technology released its earnings results on Nov 12, 2024. The company reported -$0.04 earnings per share for the quarter, beating the consensus estimate of -$0.074 by $0.034.
Is Rackspace Technology overvalued?
According to Wall Street analysts Rackspace Technology’s price is currently Undervalued.
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 -$0.04.
How many shares outstanding does Rackspace Technology have?
Rackspace Technology has 227,568,880 shares outstanding.
What happened to Rackspace Technology’s price movement after its last earnings report?
Rackspace Technology reported an EPS of -$0.04 in its last earnings report, beating expectations of -$0.074. Following the earnings report the stock price went up 5.944%.
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 546K.
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Rackspace Technology Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$2.82 (6.42% Upside)
$2.82 (6.42% Upside)
Blogger Sentiment
Bearish
RXT Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 222.7K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.6%
Last 30 Days ▲ 19.0%
Last 30 Days ▲ 19.0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
97.05%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-26.51%
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
Q3 2024
0:00 / 0:00
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RXT Stock 12 Month Forecast
Average Price Target
$2.82
▲(6.42% Upside)
Technical Analysis
Best Analysts Covering RXT
1 Year
1 Year Success Rate
5/15 ratings generated profit
1 Year Average Return
-22.31%
reiterated a sell rating last month
Copying Ramsey El Assal's trades and holding each position for 1 Year would result in 33.33% of your transactions generating a profit, with an average return of -22.31% per trade.
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