Rackspace Technology, Inc. operates as a multi cloud technology services company worldwide. It operates through Multicloud Services and Apps & Cross Platform segments. The company's Multicloud Services segment provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; and professional services related to designing and building multi cloud solutions and cloud-native applications. Its Apps & Cross Platform segment includes managed applications; managed security services in the areas of security threat assessment and prevention, threat detection and response, rapid remediation, governance, and risk and compliance assistance across multiple cloud platforms, as well as privacy and data protection services, including detailed access restrictions and reporting and data services; and professional services related to designing and implementing application, security, and data services. The company serves financial, government, healthcare, manufacturing, non-profit, education, consumer goods, oil and gas, media and entertainment, automotive and transportation, food and beverage, travel and hospitality, retail, and public sectors, as well as SaaS and ISV clients. Rackspace Technology, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.
IPO Year: 2020
Exchange: NASDAQ
Website: rackspace.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/2/2025 | Outperform → Mkt Perform | Raymond James | |
| 11/7/2023 | $1.40 | Neutral | UBS |
| 9/19/2023 | $3.50 | Mkt Perform → Outperform | Raymond James |
| 7/25/2023 | $1.25 → $1.50 | Neutral → Sell | Citigroup |
| 10/11/2022 | $9.00 → $5.00 | Outperform → In-line | Evercore ISI |
| 8/16/2022 | $7.00 → $5.00 | Neutral → Underweight | JP Morgan |
| 8/11/2022 | $9.00 → $7.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 8/10/2022 | Outperform → Mkt Perform | William Blair | |
| 8/10/2022 | Outperform → Mkt Perform | Raymond James | |
| 7/15/2022 | $5.00 | Equal Weight → Underweight | Barclays |
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
8-K - Rackspace Technology, Inc. (0001810019) (Filer)
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10-Q - Rackspace Technology, Inc. (0001810019) (Filer)
8-K - Rackspace Technology, Inc. (0001810019) (Filer)
DEFA14A - Rackspace Technology, Inc. (0001810019) (Filer)
DEF 14A - Rackspace Technology, Inc. (0001810019) (Filer)
8-K - Rackspace Technology, Inc. (0001810019) (Filer)
10-K - Rackspace Technology, Inc. (0001810019) (Filer)
NT 10-K - Rackspace Technology, Inc. (0001810019) (Filer)
8-K - Rackspace Technology, Inc. (0001810019) (Filer)
Raymond James downgraded Rackspace Technology from Outperform to Mkt Perform
UBS initiated coverage of Rackspace Technology with a rating of Neutral and set a new price target of $1.40
Raymond James upgraded Rackspace Technology from Mkt Perform to Outperform and set a new price target of $3.50
Citigroup downgraded Rackspace Technology from Neutral to Sell and set a new price target of $1.50 from $1.25 previously
Evercore ISI downgraded Rackspace Technology from Outperform to In-line and set a new price target of $5.00 from $9.00 previously
JP Morgan downgraded Rackspace Technology from Neutral to Underweight and set a new price target of $5.00 from $7.00 previously
RBC Capital Mkts downgraded Rackspace Technology from Outperform to Sector Perform and set a new price target of $7.00 from $9.00 previously
William Blair downgraded Rackspace Technology from Outperform to Mkt Perform
Raymond James downgraded Rackspace Technology from Outperform to Mkt Perform
Barclays downgraded Rackspace Technology from Equal Weight to Underweight and set a new price target of $5.00
SAN ANTONIO, June 18, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® ("Rackspace") (NASDAQ:RXT), a leading hybrid cloud and AI solutions provider, today announced a strategic alliance with enterprise AI agent innovator Sema4.ai ("Sema4"). This collaboration integrates the Foundry for AI by Rackspace (FAIR™) services and Rackspace's application management expertise with Sema4.ai's advanced ‘SAFE' AI Agent Platform, combining the strengths of both companies in artificial intelligence, cloud and systems integration to accelerate the adoption of secure, enterprise-grade AI solutions. The partnership will enable the rapid deployment of scalable, production-ready AI agents across enterprise func
SAN ANTONIO, May 28, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end, hybrid multicloud, and AI solutions company, today announced it has been recognized by Dell Technologies with two regional Global Alliances Partner of the Year Awards: 2025 Global Alliances EMEA Innovation Partner of the Year and 2025 Global Alliances Americas Marketing Partner of the Year. These honors reflect Rackspace's commitment to innovation, market leadership, and a strong global culture that puts customers at the center of everything. The awards underscore the strength of the long-standing collaboration between Rackspace Technology and Dell Technologies. Together, the compan
SAN ANTONIO, May 21, 2025 (GLOBE NEWSWIRE) -- Rubrik (NYSE:RBRK), a leading cyber resilience company, and Rackspace Technology (NASDAQ:RXT), a leading end-to-end hybrid cloud and AI solutions company, have announced Rackspace Cyber Recovery Service – a new managed service for customers operating in public cloud. By combining Rubrik's orchestrated data protection and cyber recovery solutions with Rackspace's DevOps principles and managed services, enterprises can simplify and accelerate recovery from ransomware attacks. Automated workflows deliver clean data and workloads through immutable backups, zero-trust architecture and Infrastructure as Code. With Rackspace Cyber Recovery Service, cr
SAN ANTONIO, May 15, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced the successful migration of the Housing Authority of the City of Austin's (HACA) technology infrastructure to Microsoft Azure and Microsoft 365, significantly improving operational resilience and business continuity while strengthening security. HACA is a public-sector entity that assists low-income families by providing essential housing services to vulnerable populations. HACA manages housing assistance, voucher programs, and resident services through portals and digital platforms. With approximately 240 staff members and numerous
Revenue of $665 million in the First Quarter, down 4% Year-over-YearPrivate Cloud Revenue was $250 million, down 7% Year-over-YearPublic Cloud Revenue was $416 million, down 2% Year-over-YearFirst Quarter 2025 Cash Flow From Operating Activities was $13 million; Cash Flow From Operating Activities was $143 million on a Trailing-Twelve-Month Basis SAN ANTONIO, May 08, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ:RXT), a leading end-to-end, hybrid cloud and AI solutions company, today announced results for its first quarter ended March 31, 2025. Amar Maletira, Chief Executive Officer, stated, "Results in the first quarter of 2025 exceeded our expectations across all key metr
SAN FRANCISCO, April 30, 2025 (GLOBE NEWSWIRE) -- LIVE! from RSAC, Rubrik (NYSE:RBRK), a leading cybersecurity company, and Rackspace Technology® (NASDAQ:RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced a strategic partnership. The two companies will collaborate to deliver a fully managed isolated recovery service, Rackspace Cyber Recovery Cloud powered by Rubrik, to help enterprises achieve true cyber resilience and ensure business continuity in the event of a cyber attack. By combining Rubrik's data protection and cyber recovery software with Rackspace's hybrid cloud expertise and global data center footprint, this partnership addresses immediate cyber r
SAN ANTONIO, April 15, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced that it will release its first quarter 2025 financial results after the market closes on Thursday, May 8, 2025. Amar Maletira, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (May 8, 2025) at 5:00 PM ET to discuss the Company's financial results. Interested parties may access the conference call as follows: To listen to the live webcast or access the replay following the webcast, please visit our IR website at the following link: https://ir.rackspace.com/news
SAN ANTONIO, April 10, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end hybrid and AI solutions company, today announced the launch of Rackspace OpenStack Flex, an Enterprise-ready, on-demand, shared cloud service providing secure and open Infrastructure-as-a-Service (IaaS). Rackspace OpenStack Flex service includes 24x7 expert support and fully monitored and maintained infrastructure to facilitate adoption and ongoing applications operations, helping to bridge the gap between dedicated and multi-tenant cloud solutions. "Rackspace OpenStack Flex makes managing workloads across the hybrid cloud landscape easier than ever. With our unified OpenStack-powered
SAN ANTONIO, March 25, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced Rackspace AI Business, a versatile, secure and high-performance AI-optimized hybrid cloud platform that targets customers with AI training and inferencing requirements to unlock the full potential of AI. In today's rapidly evolving business landscape, enterprises face unprecedented challenges in deploying and scaling their AI initiatives. The complexity of managing AI workloads across diverse environments, coupled with the need for specialized infrastructure and expertise, has become a significant barrier to realizing the full pot
SAN ANTONIO, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading provider of hybrid and AI technology solutions, today announced working with Domino's Pizza UK & Ireland Ltd. to enhance Domino's digital capabilities to support the company's growing store network through a robust hybrid cloud environment. Domino's Pizza UK & Ireland Ltd., the region's leading pizza delivery company, has redefined convenience and technology in the food delivery industry. As the master franchisee for the region, the company has transformed from a traditional takeaway business into a technology-driven enterprise, with most of its system sales flowing through digital channels and ne
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