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Latest PriceChg%ChgVolumeTurnoverOpenPre CloseHighLowMarket CapFloat CapSharesShs Float5D %Chg10D %Chg20D %Chg60D % Chg120D %Chg250D %Chg% Year-to-dateDiv YieldTTMTurnover RatioP/E (TTM)P/E (Static)AmplitudeIndustry
US Stock MarketDetailed Quotes
RXT Rackspace Technology
- 2.600
- -0.140-5.11%
Close Jul 11 16:00 ET
- 2.610
- +0.010+0.38%
Post 17:37 ET
582.01MMarket Cap-661P/E (TTM)
2.810High2.590Low1.37MVolume2.800Open2.740Pre Close3.65MTurnover1.81%Turnover RatioLossP/E (Static)223.85MShares3.17952wk High-0.74P/B196.30MFloat Cap1.15052wk Low--Dividend TTM75.50MShs Float26.430Historical High--Div YieldTTM8.03%Amplitude1.050Historical Low2.665Avg Price1Lot Size
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News
Rackspace Technology Named a Major Player in IDC MarketScape for Worldwide Cloud Professional Services
SAN ANTONIO, July 09, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology (NASDAQ: RXT), a leading end-to-end, hybrid, multicloud, and AI solutions company, today announced that it has been named a
Rackspace Technology and Mendix Partnership Demonstrates Commitment to Leveraging Innovative Technologies to Transform Businesses and New Growth Opportunities for Customers
Alliance Combines Access to Rapid Development via Low-Code Platform with Access to Managed Support on Public and Private CloudsSAN ANTONIO, June 25, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology (NA
12 Information Technology Stocks Moving In Thursday's After-Market Session
GainersAlpine 4 Holdings (NASDAQ:ALPP) stock rose 8.6% to $0.55 during Thursday's after-market session. The company's market cap stands at $14.9 million. Soluna Holdings (NASDAQ:SLNH) shares rose 7.87
Foundry for AI by Rackspace (FAIR) Marks First Anniversary With Human-Centered AI Solutions Deployed Across 40+ Companies
FAIR celebrates the groundbreaking achievements, innovation in Responsible AI, and exclusive partnerships with AWS, Microsoft Azure, and Google CloudSAN ANTONIO, June 18, 2024 (GLOBE NEWSWIRE) -- Ra
Rackspace Technology Recognized as a Leader in Frost Radar: Healthcare Enterprise Cloud Managed Services Providers, 2024 for Growth Potential and Innovation in Healthcare Enterprise
Designation awarded for providing top-tier services in infrastructure, IT performance, application and service management, cybersecurity, data management, and process optimizationSAN ANTONIO, June 12
12 Information Technology Stocks Moving In Monday's After-Market Session
GainersDuos Technologies Group (NASDAQ:DUOT) shares moved upwards by 5.3% to $2.95 during Monday's after-market session. The company's market cap stands at $22.2 million. DXC Technology (NYSE:DXC) sto
Comments
$Rackspace Technology(RXT.US$
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...
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...
Rackspace Technology's low P/S ratio is due to poor revenue performance and expectations of its continuation. The weak outlook is pressuring shares, making maintaining current prices challenging. Without significant change, a substantial stock price rise is unlikely.
CEO Amar Maletira is confident in Marino's understanding of the business and financial leadership, expecting it to strengthen the company's position in the hybrid multicloud and AI market. Marino is optimistic about the company's transformation and aims to drive operating efficiency and profitable growth.
Rackspace Technology's relatively low P/S ratio compared to industry peers and the forecast for shrinking revenue contribute to a cautious outlook for the stock. Unless there is a significant positive change, a drastic rise in the stock price is unlikely.
1
The recent insider selling, including the President, at current share price is not ideal. Insider transactions and low ownership level over the last year, warrant caution despite some insider buying. The longer-term view is not positive.
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