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Technology - Software - Infrastructure - NASDAQ - US
$ 2.42
-9.02 %
$ 551 M
Market Cap
-0.75
P/E
1. INTRINSIC VALUE

Rackspace Technology, Inc. operates as a multi cloud technology services company worldwide. It operates through Multicloud Services and Apps & Cross Platform segments. The company's 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. Its 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.[ Read More ]

The intrinsic value of one RXT stock under the base case scenario is HIDDEN Compared to the current market price of 2.42 USD, Rackspace Technology, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart RXT

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FINANCIALS
2.96 B REVENUE
-5.29%
-899 M OPERATING INCOME
-10607.14%
-838 M NET INCOME
-4.10%
375 M OPERATING CASH FLOW
44.58%
-96 M INVESTING CASH FLOW
1.94%
-313 M FINANCING CASH FLOW
-67.27%
676 M REVENUE
-1.33%
-174 M OPERATING INCOME
-222.86%
-187 M NET INCOME
-746.40%
51.8 M OPERATING CASH FLOW
114.94%
-19.4 M INVESTING CASH FLOW
49.48%
-67.4 M FINANCING CASH FLOW
13.37%
Balance Sheet Decomposition Rackspace Technology, Inc.
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Current Assets 738 M
Cash & Short-Term Investments 197 M
Receivables 350 M
Other Current Assets 191 M
Non-Current Assets 3.36 B
Long-Term Investments 48.3 M
PP&E 735 M
Other Non-Current Assets 2.57 B
Current Liabilities 800 M
Accounts Payable 433 M
Short-Term Debt 159 M
Other Current Liabilities 208 M
Non-Current Liabilities 3.45 B
Long-Term Debt 3.27 B
Other Non-Current Liabilities 177 M
EFFICIENCY
Earnings Waterfall Rackspace Technology, Inc.
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Revenue 2.96 B
Cost Of Revenue 2.33 B
Gross Profit 629 M
Operating Expenses 1.55 B
Operating Income -899 M
Other Expenses -61.6 M
Net Income -838 M
RATIOS
21.26% GROSS MARGIN
21.26%
-30.41% OPERATING MARGIN
-30.41%
-28.33% NET MARGIN
-28.33%
542.27% ROE
542.27%
-20.45% ROA
-20.45%
-32.57% ROIC
-32.57%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Rackspace Technology, Inc.
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Net Income -838 M
Depreciation & Amortization 443 M
Capital Expenditures -96.9 M
Stock-Based Compensation 65.4 M
Change in Working Capital 225 M
Others 515 M
Free Cash Flow 278 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Rackspace Technology, Inc.
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Wall Street analysts predict an average 1-year price target for RXT of $2.7 , with forecasts ranging from a low of $1.8 to a high of $3.5 .
RXT Lowest Price Target Wall Street Target
1.8 USD -25.62%
RXT Average Price Target Wall Street Target
2.7 USD 11.57%
RXT Highest Price Target Wall Street Target
3.5 USD 44.63%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Rackspace Technology, Inc.
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Sold
0-3 MONTHS
760 K USD 2
3-6 MONTHS
483 K USD 2
6-9 MONTHS
71.9 K USD 1
9-12 MONTHS
555 K USD 6
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 month ago
Sep 30, 2024
Sell 205 K USD
Maletira Amar
Chief Executive Officer
- 84823
2.42 USD
1 month ago
Oct 01, 2024
Sell 218 K USD
Maletira Amar
Chief Executive Officer
- 91863
2.37 USD
1 month ago
Oct 02, 2024
Sell 196 K USD
Maletira Amar
Chief Executive Officer
- 82552
2.37 USD
2 months ago
Aug 21, 2024
Sell 123 K USD
Maletira Amar
Chief Executive Officer
- 52206
2.35 USD
2 months ago
Aug 20, 2024
Sell 18.5 K USD
Koushik Srini
Chief Technology Officer
- 7740
2.39 USD
3 months ago
Jul 25, 2024
Sell 352 K USD
SINHA DHARMENDRA KUMAR
EVP, President, Public Cloud
- 149249
2.36 USD
6 months ago
May 16, 2024
Sell 131 K USD
TEAL-GUESS KELLIE
Chief Human Resources Officer
- 61393
2.13 USD
8 months ago
Feb 20, 2024
Sell 71.9 K USD
Maletira Amar
Chief Executive Officer
- 37446
1.9209 USD
9 months ago
Jan 25, 2024
Sell 226 K USD
Lillie Brian
EVP, President Private Cloud
- 139701
1.62 USD
9 months ago
Jan 25, 2024
Sell 20 K USD
Marino Mark A.
Chief Financial Officer
- 12316
1.62 USD
11 months ago
Dec 18, 2023
Sell 17 K USD
Koushik Srini
Chief Technology Officer
- 9782
1.74 USD
11 months ago
Nov 28, 2023
Sell 117 K USD
SINHA DHARMENDRA KUMAR
EVP, President, Public Cloud
- 91066
1.28 USD
11 months ago
Nov 28, 2023
Sell 26.2 K USD
Koushik Srini
Chief Technology Officer
- 20445
1.28 USD
11 months ago
Nov 24, 2023
Sell 144 K USD
Maletira Amar
Chief Executive Officer
- 110502
1.3 USD
11 months ago
Nov 20, 2023
Sell 3.65 K USD
Marino Mark A.
- 2533
1.44 USD
1 year ago
Nov 15, 2023
Sell 1.75 K USD
Shilling Casey L.
SVP, CHIEF MARKETING OFFICER
- 1156
1.51 USD
1 year ago
Aug 15, 2023
Bought 49.8 K USD
Roberts Anthony C.
Director
+ 22350
2.23 USD
1 year ago
Nov 30, 2022
Bought 91.5 K USD
Samant Shashank
Director
+ 19933
4.5914 USD
1 year ago
Nov 29, 2022
Bought 455 K USD
Samant Shashank
Director
+ 100000
4.5462 USD
3 years ago
Jul 16, 2021
Sell 230 K USD
CAMPOS TIMOTHY
Director
- 11992
19.1697 USD
3 years ago
Jun 16, 2021
Sell 202 K USD
Windham Holly B.
EVP, Chief Legal & People Off
- 10000
20.1926 USD
3 years ago
Jun 15, 2021
Sell 53 K USD
Windham Holly B.
EVP, Chief Legal & People Off
- 2525
21 USD
3 years ago
Jun 08, 2021
Sell 2.48 M USD
Fonseca Dhiren R.
Director
- 116521
21.2546 USD
3 years ago
Jun 09, 2021
Sell 552 K USD
Fonseca Dhiren R.
Director
- 26096
21.17 USD
3 years ago
Jun 09, 2021
Sell 837 K USD
Fonseca Dhiren R.
Director
- 39479
21.1936 USD
3 years ago
Jun 09, 2021
Sell 837 K USD
Fonseca Dhiren R.
Director
- 39479
21.1936 USD
3 years ago
Jun 09, 2021
Sell 552 K USD
Fonseca Dhiren R.
Director
- 26096
21.17 USD
3 years ago
May 13, 2021
Bought 7.38 K USD
Jones Kevin M.
Chief Executive Officer
+ 400
18.438 USD
3 years ago
May 13, 2021
Bought 92.4 K USD
Jones Kevin M.
Chief Executive Officer
+ 5009
18.44 USD
3 years ago
May 13, 2021
Bought 50 K USD
Maletira Amar
President & CFO
+ 2717
18.4 USD
3 years ago
May 13, 2021
Bought 50 K USD
Maletira Amar
President & CFO
+ 2702
18.5 USD
3 years ago
May 13, 2021
Sell 292 K USD
Tarhan Tolga
Chief Technology Officer
- 16000
18.2428 USD
3 years ago
May 13, 2021
Sell 3.64 K USD
Tarhan Tolga
Chief Technology Officer
- 199
18.2726 USD
3 years ago
May 13, 2021
Sell 264 K USD
Tarhan Tolga
Chief Technology Officer
- 14506
18.2239 USD
3 years ago
May 14, 2021
Bought 75.2 K USD
Mukerji Subroto
EVP, Chief Operating Officer
+ 3970
18.9486 USD
3 years ago
Mar 01, 2021
Sell 413 K USD
Wolf Thomas
SVP, Global Sales Strat & Ops
- 19999
20.6565 USD
3 years ago
Feb 09, 2021
Sell 569 K USD
Mukerji Subroto
EVP, Chief Operating Officer
- 25182
22.5978 USD
3 years ago
Feb 09, 2021
Sell 658 K USD
Windham Holly B.
EVP, Chief Legal & People Off
- 29128
22.5957 USD
3 years ago
Feb 01, 2021
Sell 1.83 M USD
Windham Holly B.
EVP, Chief Legal & People Off
- 83413
21.9523 USD
3 years ago
Feb 01, 2021
Sell 165 K USD
Windham Holly B.
EVP, Chief Legal & People Off
- 7483
22.1066 USD
3 years ago
Feb 01, 2021
Sell 260 K USD
Windham Holly B.
EVP, Chief Legal & People Off
- 11377
22.8776 USD
3 years ago
Feb 01, 2021
Sell 79.1 K USD
Windham Holly B.
EVP, Chief Legal & People Off
- 3434
23.0232 USD
3 years ago
Feb 01, 2021
Sell 28.6 K USD
Windham Holly B.
EVP, Chief Legal & People Off
- 1210
23.63 USD
3 years ago
Feb 01, 2021
Sell 1.07 M USD
Mukerji Subroto
EVP, Chief Operating Officer
- 48587
21.969 USD
3 years ago
Feb 01, 2021
Sell 153 K USD
Mukerji Subroto
EVP, Chief Operating Officer
- 6706
22.8529 USD
3 years ago
Feb 01, 2021
Sell 8.3 K USD
Mukerji Subroto
EVP, Chief Operating Officer
- 368
22.5475 USD
3 years ago
Feb 01, 2021
Sell 16.7 K USD
Mukerji Subroto
EVP, Chief Operating Officer
- 706
23.63 USD
3 years ago
Feb 01, 2021
Sell 3.07 K USD
Mukerji Subroto
EVP, Chief Operating Officer
- 132
23.2436 USD
7. News
Rackspace (RXT) Shows Fast-paced Momentum But Is Still a Bargain Stock Rackspace (RXT) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices. zacks.com - 1 day ago
Rackspace Technology Delivers One of the Largest Third-Party Epic Cloud Deployments for AdventHealth, Covering 53 Hospitals across Nine States Robust design and migration demonstrate Rackspace's Epic subject matter expertise, private cloud leadership, and innovation globenewswire.com - 2 days ago
JBi Digital chooses Rackspace Sovereign Government Cloud for its pursuit of new customers in the UK government services sector Leading digital transformation agency strengthens its position in the government services sector with Rackspace Sovereign Government Cloud collaboration Leading digital transformation agency strengthens its position in the government services sector with Rackspace Sovereign Government Cloud collaboration globenewswire.com - 2 days ago
Rackspace (RXT) Reports Q3 Loss, Tops Revenue Estimates Rackspace (RXT) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.04 per share a year ago. zacks.com - 4 days ago
Rackspace Technology, Inc. (RXT) Q3 2024 Earnings Call Transcript Rackspace Technology, Inc. (NASDAQ:RXT ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Sagar Hebbar - Head of Investor Relations Amar Maletira - President, Chief Executive Officer & Director Mark Marino - Executive Vice President & Chief Financial Officer Conference Call Participants Kevin McVeigh - UBS Operator Good day, and thank you for standing by. Welcome to the Rackspace Third Quarter 2024 Earnings Webcast. seekingalpha.com - 4 days ago
Rackspace Technology Reports Third Quarter 2024 Results SAN ANTONIO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end, hybrid, multicloud, and AI solutions company, today announced results for its third quarter ended September 30, 2024. globenewswire.com - 4 days ago
Rackspace Technology Joins AWS Generative AI Partner Innovation Alliance SAN ANTONIO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading hybrid, multicloud, and AI technology services company, announced today that it will work with Amazon Web Services (AWS), an Amazon.com, Inc. company, as part of the company's new Generative AI Partner Innovation Alliance. The Generative AI Partner Innovation Alliance will help scale and expand the reach of the AWS Generative AI Innovation Center (GenAIIC) - a program that helps AWS customers successfully build and deploy generative AI solutions. globenewswire.com - 1 week ago
Rackspace Technology Launches On-Demand GPU-as-a-Service Powered by NVIDIA Accelerated Computing GPUaaS provides customers on-demand access to powerful accelerated resources for AI, machine learning, data analytics, and graphics rendering workloads GPUaaS provides customers on-demand access to powerful accelerated resources for AI, machine learning, data analytics, and graphics rendering workloads globenewswire.com - 1 week ago
Rackspace Technology Achieves AWS Small and Medium Business Competency Rackspace empowers small and medium-sized businesses with customized AWS solutions to accelerate growth and innovation Rackspace empowers small and medium-sized businesses with customized AWS solutions to accelerate growth and innovation globenewswire.com - 2 weeks ago
Rackspace Technology to Announce Third Quarter 2024 Earnings on November 12, 2024 SAN ANTONIO, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology ®  (NASDAQ: RXT)— a leading hybrid, multicloud, and AI solutions company, today announced that it will release its third quarter 2024 financial results after the market closes on Tuesday, November 12, 2024. Amar Maletira, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (November 12, 2024) at 5:00 PM ET to discuss the Company's financial results. globenewswire.com - 3 weeks ago
Rackspace Technology Positioned as a Leader in Four Categories of 2024 ISG Provider Lens™ AWS Ecosystem Partners Report Rackspace is noted for offering one of the most mature technologies and talent assets Rackspace is noted for offering one of the most mature technologies and talent assets globenewswire.com - 3 weeks ago
Rackspace Technology Announces Offer to Drive Rapid Migrations to AWS Offer includes all-encompassing services including migration planning, landing zone, migration, and Day Two Cloud Operations with 24x7x365 monitoring and incident response Offer includes all-encompassing services including migration planning, landing zone, migration, and Day Two Cloud Operations with 24x7x365 monitoring and incident response globenewswire.com - 1 month ago
8. Profile Summary

Rackspace Technology, Inc. RXT

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COUNTRY US
INDUSTRY Software - Infrastructure
MARKET CAP $ 551 M
Dividend Yield 0.00%
Description Rackspace Technology, Inc. operates as a multi cloud technology services company worldwide. It operates through Multicloud Services and Apps & Cross Platform segments. The company's 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. Its 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.
Contact 1 Fanatical Place, San Antonio, TX, 78218 https://www.rackspace.com
IPO Date Aug. 5, 2020
Employees 5800
Officers Ms. Kellie Teal-Guess Chief Human Resources Officer Mr. Amar Maletira President, Chief Executive Officer & Director Mr. Srinivas Koushik Executive Vice President and President of Technology, Sustainability & Artificial Intelligence Mr. Dharmendra Kumar Sinha Executive Vice President & President of Public Cloud Business Unit Mr. Brian J. Lillie Executive Vice President & President of Private Cloud Business Unit Mr. Mark A. Marino Executive Vice President & Chief Financial Officer Sagar Hebbar Head of Investor Relations Mr. Michael Bross Chief Legal Officer, Senior Vice President & Corporate Secretary Ms. Kathleen Schneider Chief Marketing Officer