RXT Stock Recent News

SAN ANTONIO, April 24, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology ®  (NASDAQ: RXT)— the leading end-to-end, hybrid multicloud and AI technology solutions company, today announced that it will release its first quarter 2024 financial results after the market closes on Thursday, May 9, 2024. Amar Maletira, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (May 9, 2024) at 5:00 PM ET to discuss the Company's financial results.

Rackspace (RXT) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to earnings of $0.06 per share a year ago.

SAN ANTONIO, March 07, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT) — a leading end-to-end, hybrid, multicloud, and AI solutions company, today announced that it will release its fourth quarter and full year 2023 financial results after the market closes on Tuesday, March 12, 2024. Amar Maletira, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (March 12, 2024) at 5:00 PM ET to discuss the Company's financial results.

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Rackspace (RXT) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Rackspace (RXT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Rackspace Technology, Inc. (NASDAQ:RXT ) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Sagar Hebbar - Head-Investor Relations Amar Maletira - Chief Executive Officer Bobby Molu - Chief Financial Officer Conference Call Participants Ramsey El-Assal - Barclays Frank Louthan - Raymond James Bradley Clark - BMO Matthew Roswell - RBC Operator Good day and thank you for standing by. Welcome to Rackspace Technology Third Quarter 2023 Earnings Webcast.

SAN ANTONIO, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT) — a leading end-to end, hybrid multicloud technology solutions company, today announced that it will release its third quarter 2023 financial results after the market closes on Tuesday, November 7, 2023. Amar Maletira, Chief Executive Officer, and Bobby Molu, Chief Financial Officer, will host a conference call on the day of the release (November 7, 2023) at 5:00 PM ET to discuss the Company's financial results.

Rackspace Technology, Inc. operates in a promising market with a large and growing multi-cloud TAM. The company's Public Cloud business is currently facing a decline, which raises concerns about its performance in this specific sector. The stock trades at a discount to leading IT services peers, which I believe is warranted in the near term.

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.

Cloud computing undergirds, in one way or another, everyone's digital life. Whether you are accessing a piece of content on a video streaming platform or uploading documents for work, you are interacting with a network of cloud servers.