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Rackspace Technology Stock Discussion

Stock_Drift

Yesterday 00:29

$Rackspace Technology (RXT.US)$

Bellaah

Nov 13 14:08

$Rackspace Technology (RXT.US)$ 5

Bellaah

Nov 13 08:41

$Rackspace Technology (RXT.US)$ 8

Jaguar8

Nov 12 16:04

NEWS ER

$Rackspace Technology (RXT.US)$
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...

Bull X Bear

Oct 29 10:47

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Tech outperforms after jumbo Fed rate cut: Are bullish signals coming?

Stock_Drift

Oct 23 10:49

$Rackspace Technology (RXT.US)$

Jaguar8

Apr 7 23:39

$Rackspace Technology (RXT.US)$
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...

Moomoo AI

Mar 9 09:13

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.

Rackspace Technology, Inc.'s (NASDAQ:RXT) Price Is Right But Growth Is Lacking After Shares Rocket 28%

Moomoo AI

Jan 12 07:34

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.

Press Release: Rackspace Technology Promotes Mark Marino to Chief Financial Officer

Moomoo AI

Jan 6 06:17

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.

Rackspace Technology, Inc. (NASDAQ:RXT) Held Back By Insufficient Growth Even After Shares Climb 26%

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