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RXT

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

1.63USD-0.04 (-2.40%)Delayed as of 15 Apr 2024, 01:52 pm ET

Market Summary

RXT
USD1.63-0.04
Delayedas of 15 Apr 2024, 01:52 pm
-2.40%

RXT Stock Price

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RXT RSI Chart

RXT Valuation

Market Cap

367.0M

Price/Earnings (Trailing)

-0.44

Price/Sales (Trailing)

0.12

EV/EBITDA

-5.02

Price/Free Cashflow

1.32

RXT Price/Sales (Trailing)

RXT Profitability

Operating Margin

21.26%

EBT Margin

-28.89%

Return on Equity

542.27%

Return on Assets

-20.45%

Free Cashflow Yield

75.75%

RXT Fundamentals

RXT Revenue

Revenue (TTM)

3.0B

Rev. Growth (Yr)

-8.55%

Rev. Growth (Qtr)

-1.73%

RXT Earnings

Earnings (TTM)

-837.8M

Earnings Growth (Yr)

113.08%

Earnings Growth (Qtr)

112.36%

Breaking Down RXT Revenue

52 Week Range

1.72
(Low)(High)

Last 7 days

-6.2%

Last 30 days

-6.7%

Last 90 days

-5.1%

Trailing 12 Months

-12.6%

How does RXT drawdown profile look like?

RXT Financial Health

Current Ratio

0.92

Debt/Equity

-19.49

Debt/Cashflow

0.12

RXT Investor Care

Shares Dilution (1Y)

3.25%

Diluted EPS (TTM)

-3.9

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20233.1B3.1B3.0B3.0B
20223.1B3.1B3.1B3.1B
20212.8B2.9B2.9B3.0B
20202.5B2.5B2.6B2.7B
201902.4B2.4B2.4B
20180002.5B
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Very Expensive Stocks: $8,224


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Tracking the Latest Insider Buys and Sells of Rackspace Technology Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Which funds bought or sold RXT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 05, 2024
CWM, LLC
reduced
-6.67
-
1,000
-%
Apr 04, 2024
Leibman Financial Services, Inc.
unchanged
-
51,177
372,760
0.29%
Apr 03, 2024
Versant Capital Management, Inc
sold off
-100
-1,176
-
-%
Mar 22, 2024
PNC FINANCIAL SERVICES GROUP, INC.
reduced
-67.05
-1,464
570
-%
Mar 11, 2024
VANGUARD GROUP INC
reduced
-23.84
-4,656,770
8,580,260
-%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
added
204
1,752,150
2,853,310
-%
Feb 28, 2024
AMERICAN INTERNATIONAL GROUP, INC.
reduced
-0.41
-11,308
62,898
-%
Feb 26, 2024
Virtu Financial LLC
new
-
26,000
26,000
-%
Feb 16, 2024
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
added
1,704
192,136
205,136
-%
Feb 16, 2024
GSA CAPITAL PARTNERS LLP
sold off
-100
-49,000
-
-%

1–10 of 44

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

Unveiling Rackspace Technology Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm 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
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
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 15, 2024
10-K
Annual Report

Peers (Alternatives to Rackspace Technology Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
3.1T
227.6B
1.69% 45.64%
38
13.78
11.51% 22.38%
212.4B
19.9B
-17.34% 25.16%
44.24
10.65
10.76% 1.35%
73.5B
3.1B
-6.95% 127.11%
823.15
24.06
36.33% 148.75%
46.9B
21.9B
-10.21% 19.22%
6.8K
2.14
25.01% 101.26%
15.7B
3.8B
-5.59% 24.34%
28.61
4.11
5.40% 4.57%
11.1B
2.8B
-2.96% 27.56%
23.99
3.94
3.55% 53.13%
MID-CAP
6.6B
612.7M
0.87% 14.44%
-741.31
10.8
7.07% 79.45%
4.7B
583.1M
-6.87% -10.66%
-24.81
8.11
22.54% 30.49%
3.4B
1.5B
0.76% 23.48%
28.02
2.34
2.16% -14.54%
2.8B
545.4M
7.21% -7.61%
-25.24
5.16
16.53% 26.16%
SMALL-CAP
1.4B
1.2B
-7.79% -12.04%
20.7
1.21
7.30% 93.18%
975.9M
251.7M
-10.64% -13.13%
24.42
3.88
-10.22% -14.79%
444.1M
601.1M
-12.73% 25.82%
-27.18
0.74
4.88% -183.51%
21.2M
7.0M
5.18% -53.39%
-2.47
2.91
-55.73% -45.27%
13.4M
15.6M
24.27% 40.66%
-1.35
0.86
-6.37% -5256.07%

Rackspace Technology Inc News

Latest updates
The Globe and Mail • 11 Apr 2024 • 01:49 am
Yahoo Finance • 13 Mar 2024 • 07:00 am
Markets Insider • 13 Mar 2024 • 07:00 am
CNN • 5 months ago

Rackspace Technology Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
Income Statement (Quarterly)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22018Q4
Revenue-1.7%719,700,000732,400,000746,300,000758,700,000787,000,000787,600,000772,200,000775,500,000777,300,000762,500,000743,800,000725,900,000716,200,000681,700,000656,500,000652,700,000627,100,000601,700,000602,400,000-
Cost Of Revenue-2.5%565,600,000580,400,000593,200,000589,100,000587,200,000580,500,000548,200,000549,500,000543,000,000530,800,000508,300,000490,600,000468,800,000435,900,000414,600,000403,400,000372,700,000347,900,000350,300,000-
Gross Profit1.4%154,100,000152,000,000153,100,000169,600,000199,800,000207,100,000224,000,000226,000,000234,300,000231,700,000235,500,000235,300,000247,400,000245,800,000241,900,000249,300,000254,400,000253,800,000252,100,000-
  S&GA Expenses-6.7%165,500,000177,300,000216,900,000207,500,000210,300,000219,900,000220,000,000205,100,000208,600,000234,600,000232,600,000231,000,000252,200,000260,500,000219,200,000227,800,000231,800,000221,700,000226,500,000-
EBITDA Margin31.3%-0.21-0.31-0.40-0.41-0.22-0.160.000.00-0.01-0.02-0.04-0.03--------
Interest Expenses-9.9%50,900,00056,500,00057,300,00056,900,00055,600,00052,300,00050,500,00050,100,00050,500,00051,500,00050,500,00052,600,00059,200,00068,300,00068,900,00072,000,00059,200,00080,900,000100,800,000-
Income Taxes157.6%9,500,000-16,500,0001,300,000-10,900,000-63,100,000-23,400,000-12,000,0005,600,0006,400,000-19,500,000-10,800,000-6,900,000-32,800,000-18,100,000-12,300,000-3,000,000-13,500,000-9,200,00012,300,000-
Earnings Before Taxes115.4%37,500,000-243,100,000-25,900,000-622,900,000-277,100,000-535,100,000-52,600,000-32,900,000-76,500,000-54,300,000-47,400,000-70,900,000-96,600,000-119,300,000-44,900,000-51,200,000-60,300,000-69,700,00074,800,000-
EBT Margin25.2%-0.29-0.39-0.47-0.48-0.29-0.22-0.07-0.07-0.08-0.09-0.12-0.12--------
Net Income112.4%28,000,000-226,600,000-27,200,000-612,000,000-214,000,000-511,700,000-40,600,000-38,500,000-82,900,000-34,800,000-36,600,000-64,000,000-63,800,000-101,200,000-32,600,000-48,200,000-46,800,000-60,500,00062,500,000-
Net Income Margin20.6%-0.28-0.36-0.44-0.44-0.26-0.22-0.06-0.06-0.07-0.07-0.09-0.09--------
Free Cashflow-84.0%38,300,000239,300,00014,400,000-14,000,00012,500,00051,700,00056,800,00045,300,00038,400,00081,100,00076,600,00066,300,000--------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22019Q4
Assets-4.3%4,0964,2804,6654,7555,4575,6886,2086,3116,3296,3926,4126,4186,3786,4236,3146,272
  Current Assets-12.7%7388459149701,0731,0341,0141,006990950885847759806651544
    Cash Equivalents-28.1%20027816017422824926126927526021519810525316187.00
  Goodwill0.3%1,4521,4481,6181,6152,1552,2712,6942,7092,7072,7602,7662,7642,7612,7412,7332,746
Liabilities-4.8%4,2514,4634,6334,7304,8274,8724,9104,9675,0015,0215,0305,0434,9945,0325,5455,374
  Current Liabilities-3.1%800825776791857826823818837846789758742680674672
  Long Term Debt-100.0%-3,0123,1743,2693,2953,2993,3033,3073,3113,3153,3193,3693,3193,3923,9033,844
    LT Debt, Current-51.5%23.0047.0023.0023.0023.0023.0023.0023.0023.0023.0023.0027.0043.0029.0029.0029.00
    LT Debt, Non Current-5.7%2,8403,0123,1743,2693,2953,2993,3033,3073,3113,3153,3193,3693,3193,3923,9033,844
Shareholder's Equity-Infinity%-154-32.0024.006308161,2981,3441,3271,3711,3831,3751,3841,392769899
  Retained Earnings1.0%-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 Capital0.6%2,6382,6232,6072,5882,5732,5622,5432,5182,5002,4722,4452,4032,3642,3271,6191,603
Shares Outstanding0.5%217216216215213211210211211207208205----
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22018Q4
Cashflow From Operations-72.9%72.0026738.00-1.9028.0071.0084.0065.0060.00102106103-16.0034.0074.0025.0010179.00--
  Share Based Compensation-21.5%14.0017.0020.0015.0010.0019.0023.0017.0019.0019.0020.0017.0018.0040.009.008.007.0011.00--
Cashflow From Investing-23.0%-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-0.7%-121-120-29.50-41.30-38.20-44.40-63.60-40.80-30.60-34.80-62.30-4.50-98.6085.00-7.3051.0044.00-23.60--
  Buy Backs-------27.004.00---------0.002.00-

RXT Income Statement

2023-12-31
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Statement of Comprehensive Income [Abstract]   
Revenue$ 2,957.1$ 3,122.3$ 3,009.5
Cost of revenue(2,328.3)(2,265.4)(2,072.7)
Gross profit628.8856.9936.8
Selling, general and administrative expenses(767.2)(855.3)(906.8)
Impairment of goodwill(708.8)(534.5)(52.4)
Impairment of assets, net(52.2)(146.1)0.0
Gain on sale of land0.00.019.9
Loss from operations(899.4)(679.0)(2.5)
Other income (expense):   
Interest expense(221.6)(208.5)(205.1)
Gain (loss) on investments, net0.3(0.2)(3.0)
Debt modification costs and gain (loss) on debt extinguishment271.30.0(37.5)
Other expense, net(5.0)(10.0)(1.0)
Total other income (expense)45.0(218.7)(246.6)
Loss before income taxes(854.4)(897.7)(249.1)
Benefit for income taxes16.692.930.8
Net loss(837.8)(804.8)(218.3)
Other comprehensive income (loss), net of tax   
Foreign currency translation adjustments8.0(27.2)(3.6)
Unrealized gain on derivative contracts10.886.911.5
Amount reclassified from accumulated other comprehensive income (loss) to earnings(29.9)4.817.6
Other comprehensive income (loss)(11.1)64.525.5
Comprehensive loss$ (848.9)$ (740.3)$ (192.8)
Net loss per share:   
Basic (in dollars per share)$ (3.89)$ (3.81)$ (1.05)
Diluted (in dollars per share)$ (3.89)$ (3.81)$ (1.05)
Weighted average number of shares outstanding:   
Basic (in shares)215.3211.2208.0
Diluted (in shares)215.3211.2208.0

RXT Balance Sheet

2023-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 196.8$ 228.4
Accounts receivable, net of allowance for credit losses and accrued customer credits of $24.6 and $20.1, respectively339.7622.2
Prepaid expenses87.497.3
Other current assets114.2125.3
Total current assets738.11,073.2
Property, equipment and software, net608.8628.3
Goodwill, net1,452.42,155.1
Intangible assets, net1,019.01,236.0
Operating right-of-use assets126.3138.0
Other non-current assets151.6226.1
Total assets4,096.25,456.7
Current liabilities:  
Accounts payable and accrued expenses432.7447.3
Accrued compensation and benefits72.295.3
Deferred revenue78.880.9
Debt23.023.0
Accrued interest20.536.3
Operating lease liabilities66.060.0
Finance lease liabilities55.861.7
Financing obligations14.016.7
Other current liabilities36.535.3
Total current liabilities799.5856.5
Non-current liabilities:  
Debt2,839.63,295.4
Operating lease liabilities74.684.8
Finance lease liabilities308.0310.5
Financing obligations52.447.6
Deferred income taxes79.2126.7
Other non-current liabilities97.4105.7
Total liabilities4,250.74,827.2
Commitments and Contingencies (Note 10)
Stockholders' equity (deficit):  
Preferred stock, $0.01 par value per share: 5.0 shares authorized; no shares issued or outstanding0.00.0
Common stock, $0.01 par value per share: 1,495.0 shares authorized; 215.7 and 220.5 shares issued; 212.6 and 217.4 shares outstanding, respectively2.22.2
Additional paid-in capital2,638.22,573.3
Accumulated other comprehensive income60.371.4
Accumulated deficit(2,824.2)(1,986.4)
Treasury stock, at cost; 3.1 shares held(31.0)(31.0)
Total stockholders' equity (deficit)(154.5)629.5
Total liabilities and stockholders' equity (deficit)$ 4,096.2$ 5,456.7
RXT
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
 WEBSITErackspace.com
 INDUSTRYSoftware - Infra
 EMPLOYEES6800

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 Apr 12 2024, market cap of Rackspace Technology Inc is 366.99 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 Apr 12 2024, RXT's PE ratio (Price to Earnings) is -0.44 and Price to Sales (PS) ratio is 0.12. 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.