RXT - Rackspace Technology Inc Stock Price, Fair Value and News

2.12USD-0.03 (-1.40%)Delayed

Market Summary

USD2.12-0.03

Delayed

-1.40%

RXT Alerts

Losses in recent quarter

RXT Stock Price

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RXT RSI Chart

RXT Valuation

Market Cap

474.6M

Price/Earnings (Trailing)

-0.55

Price/Sales (Trailing)

0.16

EV/EBITDA

-4.73

Price/Free Cashflow

2.73

RXT Price/Sales (Trailing)

RXT Profitability

Operating Margin

20.49%

EBT Margin

-30.35%

Return on Equity

110.06%

Return on Assets

-24.64%

Free Cashflow Yield

36.58%

RXT Fundamentals

RXT Revenue

Revenue (TTM)

2.9B

Rev. Growth (Yr)

-8.95%

Rev. Growth (Qtr)

-4.02%

RXT Earnings

Earnings (TTM)

-866.4M

Earnings Growth (Yr)

-4.67%

Earnings Growth (Qtr)

-2.4K%

Breaking Down RXT Revenue

Last 7 days

7.6%

Last 30 days

39.5%

Last 90 days

Trailing 12 Months

72.4%

How does RXT drawdown profile look like?

RXT Financial Health

Current Ratio

1.05

Debt/Equity

-3.78

Debt/Cashflow

0.1

RXT Investor Care

Shares Dilution (1Y)

4.08%

Diluted EPS (TTM)

-3.94

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	2.9B	0	0	0
2023	3.1B	3.1B	3.0B	3.0B
2022	3.1B	3.1B	3.1B	3.1B
2021	2.8B	2.9B	2.9B	3.0B
2020	2.5B	2.5B	2.6B	2.7B
2019	0	2.4B	2.4B	2.4B
2018	0	0	0	2.5B

Get all data in R, Python etc through our Historical Stock Data APIs

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Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

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Tracking the Latest Insider Buys and Sells of Rackspace Technology Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 01, 2024	garber mitchell alan	acquired	-	-	15,549	-
Mar 16, 2024	sinha dharmendra kumar	sold (taxes)	-191,396	1.59	-120,375	evp, president, public cloud
Mar 16, 2024	maletira amar	sold (taxes)	-751,353	1.59	-472,549	chief executive officer
Mar 16, 2024	koushik srini	sold (taxes)	-65,771	1.59	-41,366	chief technology officer
Mar 16, 2024	marino mark a.	sold (taxes)	-19,773	1.59	-12,436	chief financial officer
Mar 16, 2024	lillie brian	sold (taxes)	-132,083	1.59	-83,071	evp, president private cloud
Feb 22, 2024	marino mark a.	acquired	-	-	1,694,150	chief financial officer
Feb 20, 2024	maletira amar	sold	-71,930	1.9209	-37,446	chief executive officer
Feb 13, 2024	gross mark	acquired	-	-	40,676	-
Jan 25, 2024	marino mark a.	sold	-19,951	1.62	-12,316	chief financial officer

Which funds bought or sold RXT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	added	337	723,884	1,018,630	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-38.92	-10,778	10,050	-%
May 16, 2024	Wiser Advisor Group LLC	unchanged	-	-210	790	-%
May 15, 2024	D. E. Shaw & Co., Inc.	reduced	-36.42	-1,135,960	1,146,390	-%
May 15, 2024	CastleKnight Management LP	added	349	3,059,310	4,260,110	0.25%
May 15, 2024	MORGAN STANLEY	added	61.06	427,321	1,996,350	-%
May 15, 2024	JACOBS LEVY EQUITY MANAGEMENT, INC	reduced	-25.89	-1,277,820	1,804,870	0.01%
May 15, 2024	HSBC HOLDINGS PLC	reduced	-13.1	-37,337	82,560	-%
May 15, 2024	Royal Bank of Canada	reduced	-73.07	-269,000	72,000	-%
May 15, 2024	DEUTSCHE BANK AG\	reduced	-0.3	-17,756	65,854	-%

Are Funds Buying or Selling RXT?

Are funds buying RXT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own RXT

No. of Funds

RXT Alerts

Losses in recent quarter

Unveiling Rackspace Technology Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	apollo management holdings gp, llc	32.2%	69,609,000	SC 13G/A
Feb 14, 2023	apollo management holdings gp, llc	33.0%	69,609,000	SC 13G/A
Jan 10, 2023	first trust portfolios lp	3.96%	8,359,476	SC 13G/A
Oct 06, 2022	first trust portfolios lp	14.15%	29,795,064	SC 13G/A
Jan 31, 2022	first trust portfolios lp	7.89%	16,571,225	SC 13G
Jan 28, 2022	searchlight capital ii, l.p.	0%	0	SC 13G/A
Mar 12, 2021	apollo management holdings gp, llc	34.8%	69,609	SC 13G/A
Feb 12, 2021	abry partners llc	11.10%	22,245,029	SC 13G
Feb 12, 2021	apollo management holdings gp, llc	34.8%	69,609,000	SC 13G
Feb 12, 2021	searchlight capital ii, l.p.	2.9%	5,968,451	SC 13G

Recent SEC filings of Rackspace Technology Inc

View All Filings

Date Filed	Form Type	Document
May 15, 2024	10-Q	Quarterly Report
May 13, 2024	NT 10-Q	NT 10-Q
May 09, 2024	8-K	Current Report
Apr 29, 2024	ARS	ARS
Apr 29, 2024	DEF 14A	DEF 14A
Apr 29, 2024	DEFA14A	DEFA14A
Apr 02, 2024	8-K	Current Report
Apr 01, 2024	4	Insider Trading
Mar 29, 2024	8-K	Current Report
Mar 26, 2024	8-K	Current Report

Peers (Alternatives to Rackspace Technology Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MSFT	3.1T	236.6B	2.04%	31.94%	36.24	13.2	13.97%	24.86%
ADBE	216.6B	19.9B	1.92%	34.16%	45.12	10.87	10.76%	1.35%
CRWD	82.6B	3.1B	17.82%	143.95%	924.45	27.03	36.33%	148.75%
SQ	44.6B	22.9B	-1.67%	21.44%	89.43	1.95	23.28%	240.37%
AKAM	14.5B	3.9B	-5.09%	8.50%	23.17	3.74	7.01%	28.42%
FFIV	10.2B	2.8B	-3.92%	22.69%	20.48	3.67	0.20%	52.82%
MID-CAP
ALTR	7.5B	619.6M	12.28%	29.55%	779.75	12.06	7.11%	116.83%
HCP	6.4B	583.1M	40.42%	1.19%	-33.59	10.98	22.54%	30.49%
ACIW	4.0B	1.5B	19.09%	52.81%	27.07	2.67	6.51%	54.77%
APPN	2.4B	560.0M	-6.27%	-15.47%	-22.61	4.34	14.52%	34.67%
SMALL-CAP
CSGS	1.3B	1.2B	-10.96%	-12.92%	19.76	1.09	3.70%	18.24%
ATEN	1.2B	254.7M	26.48%	15.07%	26.36	4.73	-7.51%	2.74%
BAND	590.0M	634.3M	29.78%	103.56%	-20.22	0.93	9.43%	-197.31%
DTSS	20.5M	23.3M	-8.22%	-61.16%	-1.79	0.88	336.57%	-92.79%
BLIN	13.0M	15.3M	-	31.58%	-1.29	0.85	-7.99%	-1417.41%

Rackspace Technology Inc News

Latest updates

Rackspace Technology Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2018Q4
Revenue	-4.0%	690,800,000	719,700,000	732,400,000	746,300,000	758,700,000	787,000,000	787,600,000	772,200,000	775,500,000	777,300,000	762,500,000	743,800,000	725,900,000	716,200,000	681,700,000	656,500,000	652,700,000	627,100,000	601,700,000	602,400,000	-
Cost Of Revenue	-1.3%	558,000,000	565,600,000	580,400,000	593,200,000	589,100,000	587,200,000	580,500,000	548,200,000	549,500,000	543,000,000	530,800,000	508,300,000	490,600,000	468,800,000	435,900,000	414,600,000	403,400,000	372,700,000	347,900,000	350,300,000	-
Gross Profit	-13.8%	132,800,000	154,100,000	152,000,000	153,100,000	169,600,000	199,800,000	207,100,000	224,000,000	226,000,000	234,300,000	231,700,000	235,500,000	235,300,000	247,400,000	245,800,000	241,900,000	249,300,000	254,400,000	253,800,000	252,100,000	-
S&GA Expenses	16.3%	192,400,000	165,500,000	177,300,000	216,900,000	207,500,000	210,300,000	219,900,000	220,000,000	205,100,000	208,600,000	234,600,000	232,600,000	231,000,000	252,200,000	260,500,000	219,200,000	227,800,000	231,800,000	221,700,000	226,500,000	-
EBITDA Margin	-8.1%	-0.23	-0.21	-0.31	-0.40	-0.41	-0.22	-0.16	0.00	0.00	-0.01	-0.02	-0.04	-	-	-	-	-	-	-	-	-
Interest Expenses	-14.1%	43,700,000	50,900,000	56,500,000	57,300,000	56,900,000	55,600,000	52,300,000	50,500,000	50,100,000	50,500,000	51,500,000	50,500,000	52,600,000	59,200,000	68,300,000	68,900,000	72,000,000	59,200,000	80,900,000	100,800,000	-
Income Taxes	-149.5%	-4,700,000	9,500,000	-16,500,000	1,300,000	-10,900,000	-63,100,000	-23,400,000	-12,000,000	5,600,000	6,400,000	-19,500,000	-10,800,000	-6,900,000	-32,800,000	-18,100,000	-12,300,000	-3,000,000	-13,500,000	-9,200,000	12,300,000	-
Earnings Before Taxes	-1820.8%	-645,300,000	37,500,000	-243,100,000	-25,900,000	-622,900,000	-277,100,000	-535,100,000	-52,600,000	-32,900,000	-76,500,000	-54,300,000	-47,400,000	-70,900,000	-96,600,000	-119,300,000	-44,900,000	-51,200,000	-60,300,000	-69,700,000	74,800,000	-
EBT Margin	-5.0%	-0.30	-0.29	-0.39	-0.47	-0.48	-0.29	-0.22	-0.07	-0.07	-0.08	-0.09	-0.12	-	-	-	-	-	-	-	-	-
Net Income	-2387.9%	-640,600,000	28,000,000	-226,600,000	-27,200,000	-612,000,000	-214,000,000	-511,700,000	-40,600,000	-38,500,000	-82,900,000	-34,800,000	-36,600,000	-64,000,000	-63,800,000	-101,200,000	-32,600,000	-48,200,000	-46,800,000	-60,500,000	62,500,000	-
Net Income Margin	-5.8%	-0.30	-0.28	-0.36	-0.44	-0.44	-0.26	-0.22	-0.06	-0.06	-0.07	-0.07	-0.09	-	-	-	-	-	-	-	-	-
Free Cashflow	-409.1%	-118,400,000	38,300,000	239,300,000	14,400,000	-14,000,000	12,500,000	51,700,000	56,800,000	45,300,000	38,400,000	81,100,000	76,600,000	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																	(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2019Q4
Assets	-14.2%	3,516	4,096	4,280	4,665	4,755	5,457	5,688	6,208	6,311	6,329	6,392	6,412	6,418	6,378	6,423	6,314	6,272
Current Assets	6.8%	788	738	845	914	970	1,073	1,034	1,014	1,006	990	950	885	847	759	806	651	544
Cash Equivalents	45.1%	286	197	278	160	174	228	249	261	269	273	260	215	198	108	253	161	87.00
Goodwill	-39.6%	878	1,452	1,448	1,618	1,615	2,155	2,271	2,694	2,709	2,707	2,760	2,766	2,764	2,761	2,741	2,733	2,746
Liabilities	1.2%	4,303	4,251	4,463	4,633	4,730	4,827	4,872	4,910	4,967	5,001	5,021	5,030	5,043	4,994	5,032	5,545	5,374
Current Liabilities	-5.7%	754	800	825	776	791	857	826	823	818	837	846	789	758	742	680	674	672
Long Term Debt	4.7%	2,974	2,840	3,012	3,174	3,269	3,295	3,299	3,303	3,307	3,311	3,315	3,319	3,369	3,319	3,392	3,903	3,844
LT Debt, Current	-11.7%	20.00	23.00	47.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	27.00	43.00	29.00	29.00	29.00
LT Debt, Non Current	-100.0%	-	2,840	3,012	3,174	3,269	3,295	3,299	3,303	3,307	3,311	3,315	3,319	3,369	3,319	3,392	3,903	3,844
Shareholder's Equity	-409.5%	-787	-154	-	32.00	24.00	630	816	1,298	1,344	1,327	1,371	1,383	1,375	1,384	1,392	769	899
Retained Earnings	-22.7%	-3,464	-2,824	-2,852	-2,625	-2,598	-1,986	-1,772	-1,260	-1,220	-1,181	-1,098	-1,063	-1,027	-963	-899	-798	-717
Additional Paid-In Capital	0.4%	2,648	2,638	2,623	2,607	2,588	2,573	2,562	2,543	2,518	2,500	2,472	2,445	2,403	2,364	2,327	1,619	1,603
Shares Outstanding	2.8%	224	217	216	216	215	213	211	210	211	211	207	208	-	-	-	-	-
Float	-	-	-	-	139	-	-	-	382	-	-	-	1,031	-	-	-	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2018Q4
Cashflow From Operations	-225.1%	-90.30	72.00	267	38.00	-1.90	28.00	71.00	84.00	65.00	60.00	102	106	103	-16.00	34.00	74.00	25.00	101	79.00	-	-
Share Based Compensation	-5.2%	13.00	14.00	17.00	20.00	15.00	10.00	19.00	23.00	17.00	19.00	19.00	20.00	17.00	18.00	40.00	9.00	8.00	7.00	11.00	-	-
Cashflow From Investing	67.1%	-11.10	-33.70	-27.40	-23.20	-11.70	-14.40	-32.90	-24.70	-25.90	-16.80	-20.50	-27.40	-4.30	-36.20	-29.40	-30.40	-32.40	-254	-39.00	-	-
Cashflow From Financing	255.0%	188	-121	-120	-29.50	-41.30	-38.20	-44.40	-63.60	-40.80	-30.60	-34.80	-62.30	-4.50	-98.60	85.00	-7.30	51.00	44.00	-23.60	-	-
Buy Backs	-	-	-	-	-	-	-	-	27.00	4.00	-	-	-	-	-	-	-	-	-	0.00	2.00	-

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RXT Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Revenue	$ 690.8	$ 758.7
Cost of revenue	(558.0)	(589.1)
Gross profit	132.8	169.6
Selling, general and administrative expenses	(192.4)	(207.5)
Impairment of goodwill	(573.2)	(543.1)
Impairment of assets, net	(20.0)	0.0
Loss from operations	(652.8)	(581.0)
Other income (expense):
Interest expense	(43.7)	(56.9)
Gain on investments, net	0.1	0.1
Debt modification costs and gain on debt extinguishment	56.7	12.8
Other income (expense), net	(5.6)	2.1
Total other income (expense)	7.5	(41.9)
Loss before income taxes	(645.3)	(622.9)
Benefit for income taxes	4.7	10.9
Net loss	(640.6)	(612.0)
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	(3.7)	3.4
Unrealized gain (loss) on derivative contracts	13.1	(5.6)
Amount reclassified from accumulated other comprehensive income (loss) to earnings	(11.1)	(5.6)
Other comprehensive loss	(1.7)	(7.8)
Comprehensive loss	$ (642.3)	$ (619.8)
Net loss per share:
Basic (in dollars per share)	$ (2.91)	$ (2.87)
Diluted (in dollars per share)	$ (2.91)	$ (2.87)
Weighted average shares outstanding:
Basic (in shares)	219.8	213.2
Diluted (in shares)	219.8	213.2

RXT Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 282.6	$ 196.8
Accounts receivable, net of allowance for credit losses and accrued customer credits of $20.1 and $20.3, respectively	303.3	339.7
Prepaid expenses	111.1	87.4
Other current assets	91.3	114.2
Total current assets	788.3	738.1
Property, equipment and software, net	617.0	608.8
Goodwill, net	877.7	1,452.4
Intangible assets, net	960.2	1,019.0
Operating right-of-use assets	119.8	126.3
Other non-current assets	153.0	151.6
Total assets	3,516.0	4,096.2
Current liabilities:
Accounts payable and accrued expenses	410.2	432.7
Accrued compensation and benefits	64.0	72.2
Deferred revenue	78.7	78.8
Debt	20.3	23.0
Accrued interest	13.3	20.5
Operating lease liabilities	59.9	66.0
Finance lease liabilities	49.3	55.8
Financing obligations	17.2	14.0
Other current liabilities	41.0	36.5
Total current liabilities	753.9	799.5
Non-current liabilities:
Debt	2,974.4	2,839.6
Operating lease liabilities	69.5	74.6
Finance lease liabilities	295.6	308.0
Financing obligations	45.7	52.4
Deferred income taxes	59.3	79.2
Other non-current liabilities	104.8	97.4
Total liabilities	4,303.2	4,250.7
Commitments and Contingencies (Note 8)
Stockholders' deficit:
Preferred stock, $0.01 par value per share: 5.0 shares authorized; no shares issued or outstanding	0.0	0.0
Common stock, $0.01 par value per share: 1,495.0 shares authorized; 220.5 and 226.6 shares issued; 217.4 and 223.5 shares outstanding, respectively	2.3	2.2
Additional paid-in capital	2,647.7	2,638.2
Accumulated other comprehensive income	58.6	60.3
Accumulated deficit	(3,464.8)	(2,824.2)
Treasury stock, at cost; 3.1 shares held	(31.0)	(31.0)
Total stockholders' deficit	(787.2)	(154.5)
Total liabilities and stockholders' deficit	$ 3,516.0	$ 4,096.2

About Rackspace Technology Inc

Rackspace Technology, Inc. operates as a multi cloud technology services company the Americas, Europe, the Middle East, Africa, and The Asia-Pacific region. It operates through two segments, Multicloud Services and Apps & Cross Platform. The 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. The 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; data services; and professional services related to designing and implementing application, security, and data services. Rackspace Technology, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.

CEO	Mr. Amar Maletira
WEBSITE	rackspace.com
INDUSTRY	Software - Infra
EMPLOYEES	6800

Rackspace Technology Inc Frequently Asked Questions

What is the ticker symbol for Rackspace Technology Inc? What does RXT stand for in stocks?

RXT is the stock ticker symbol of Rackspace Technology Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Rackspace Technology Inc (RXT)?

As of Fri May 17 2024, market cap of Rackspace Technology Inc is 474.56 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of RXT stock?

You can check RXT's fair value in chart for subscribers.

What is the fair value of RXT stock?

You can check RXT's fair value in chart for subscribers. The fair value of Rackspace Technology Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Rackspace Technology Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for RXT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Rackspace Technology Inc a good stock to buy?

The fair value guage provides a quick view whether RXT is over valued or under valued. Whether Rackspace Technology Inc is cheap or expensive depends on the assumptions which impact Rackspace Technology Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for RXT.

What is Rackspace Technology Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, RXT's PE ratio (Price to Earnings) is -0.55 and Price to Sales (PS) ratio is 0.16. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. RXT PE ratio will change depending on the future growth rate expectations of investors.