US Stock MarketDetailed Quotes
RXT Rackspace Technology
- 2.680
- +0.040+1.52%
Close Nov 29 13:00 ET
- 2.650
- -0.030-1.12%
Post 17:01 ET
609.88MMarket Cap-776P/E (TTM)
2.785High2.620Low583.38KVolume2.620Open2.640Pre Close1.59MTurnover0.77%Turnover RatioLossP/E (Static)227.57MShares3.40952wk High-0.64P/B202.56MFloat Cap1.34052wk Low--Dividend TTM75.58MShs Float26.430Historical High--Div YieldTTM6.25%Amplitude1.050Historical Low2.718Avg Price1Lot Size
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Rackspace Technology Stock Forum
Positive
Net loss improved to $187 million from $227 million year-over-year
Double-digit bookings growth with record Public Cloud bookings
Strong cash position with $157 million and undrawn credit facility of $375 million
Operating cash flow of $52 million in Q3 2024
Negative
Total revenue declined 8% year-over-year to $676 million
Private Cloud revenue dropped 14% to $258 million
Public Cloud revenue decreased 3% to $418 million
Non-GAAP Operating Profit fe...
Importance of Data Centers:
1. Data Storage and Management: They store critical information for businesses, governments, and individuals, enabling efficient data retrieval and management.
2. Cloud Computing: Data centers support cloud services, allowi...
BIG NEWS
Rackspace Technology collaborates with GLP and Microsoft to integrate Generative AI chatbot with Enterprise Data Lake for actionable business insights. GLP leverages FAIR™ and Azure OpenAI Service to enhance data-driven asset management strategies, streamlining workflows and improving customized analysis. The partnership accelerates secure adoption of Generative AI solutions, enabling GLP to engage better with data for fund management, ESG metrics, and mor...
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