Rackspace Technology, Inc.

RXT

US7501021056

IT Services & Consulting

Real-time Estimate Cboe BZX Other stock markets 17:13:21 24/05/2024 BST			5-day change	1st Jan Change
1.905 ^USD	+0.79%		-10.14%	-4.75%

05-15	Rackspace Technology, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
05-10	UBS Raises Price Target on Rackspace Technology to $1.80 From $1.65, Keeps Neutral Rating	MT

Rackspace Technology, Inc. Announces Impairment Charges for the First Quarter Ended March 31, 2024

May 09, 2024 at 09:15 pm

Rackspace Technology, Inc. announced impairment charges for the first quarter ended March 31, 2024. For the quarter, the company reported impairment of goodwill of $573.2 million against $543.1 million reported a year ago.

Latest news about Rackspace Technology, Inc.

Rackspace Technology, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	05-15	CI
UBS Raises Price Target on Rackspace Technology to $1.80 From $1.65, Keeps Neutral Rating	05-10	MT
(RXT) RACKSPACE TECHNOLOGY Expects Q2 Revenue Range $668M - $678M	05-09	MT
Earnings Flash (RXT) RACKSPACE TECHNOLOGY Reports Q1 Revenue $691M, vs. Street Est of $684.3M	05-09	MT
Transcript : Rackspace Technology, Inc., Q1 2024 Earnings Call, May 09, 2024	05-09
Rackspace Technology, Inc. Announces Impairment Charges for the First Quarter Ended March 31, 2024	05-09	CI
Rackspace Technology, Inc. Provides Earnings Guidance for the Second Quarter of 2024	05-09	CI
Foundry for AI by Rackspace Partners with OhioX to Drive Responsible AI Adoption in Ohio	04-23	CI
Rackspace Technology Launches Rackspace UK Sovereign Services for Secure, Cost-Effective Workloads in the UK Public Sector and Regulated Services	03-27	CI
Rackspace Technology Offers to Exchange Senior Secured Notes due 2028	03-15	MT
Rackspace Technology's Q4 Results Reflect Continued Macro Pressures, Company's Transition, RBC Says	03-13	MT
Raymond James Trims Rackspace Technology's Price Target to $3 From $3.50, Maintains Outperform Rating	03-13	MT
BMO Capital Adjusts Price Target on Rackspace Technology to $2.50 From $1.50, Maintains Market Perform Rating	03-13	MT
Evercore ISI Trims Price Target on Rackspace Technology to $2 From $3, Maintains In-Line Rating	03-13	MT
Sector Update: Tech Stocks Lean Lower Pre-Bell Wednesday	03-13	MT
Rackspace Reports Q4 Loss, Lower Revenue; Strikes Refinancing Deals -- Shares Fall After-Hours	03-12	MT
Transcript : Rackspace Technology, Inc., Q4 2023 Earnings Call, Mar 12, 2024	03-12
Rackspace Technology Guides For Q1 Loss of $0.12-$0.14 on Revenue of $680-$690 Million, vs CIQ Analyst Consensus of $0.04/Share Loss on Revenue of $709 Million	03-12	MT
Earnings Flash (RXT) RACKSPACE TECHNOLOGY Posts Q4 Revenue $720M, vs. Street Est of $714.7M	03-12	MT
Rackspace Technology, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	03-12	CI
Rackspace Technology, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	03-12	CI
Rackspace Technology, Inc. Announces Board Changes	02-08	CI
Rackspace Technology Announces the Launch of Rackspace Intelligent Co-Work for the Enterprise Accelerator on AWS Marketplace	01-16	CI
Rackspace Technology Promotes Mark Marino to Chief Financial Officer	01-12	MT
Rackspace Technology, Inc. Reaffirms Its Financial Guidance for the Fourth Quarter 2023	01-12	CI

Chart Rackspace Technology, Inc.

Duration

Period

More charts

Company Profile

Rackspace Technology, Inc. is an end-to-end hybrid, multicloud, and artificial intelligence (AI) solutions company. The Company designs, builds, and operates its customersâ cloud environments across all technology platforms, irrespective of technology stack or deployment model. The Company operates through two segments. Its Public Cloud segment is a service-centric, capital-light model providing value-added cloud solutions through managed services, elastic engineering and professional services offerings for customer environments hosted on the Amazon Web Services (AWS), Microsoft Azure and Google Cloud public cloud platforms. Its Private Cloud segment is a technology-forward, capital-intensive model providing managed service offerings for customer environments hosted in one of its data centers as well as in those owned by customers or by third parties. Private Cloud product portfolio includes Programmatic Infrastructure, Cloud Operating Systems, Platform-as-a-Service and others.

Sector

IT Services & Consulting

Calendar

05/08/2024 - Q2 2024 Earnings Release (Projected)

Related indices

Russell 2000

More about the company

Income Statement Evolution

More financial data

Ratings for Rackspace Technology, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

1.89 USD

Average target price

2.217 USD

Spread / Average Target

+17.28%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other IT Services & Consulting

	1st Jan change	Capi.
RACKSPACE TECHNOLOGY, INC.	-4.75%	423M
ACCENTURE PLC	-13.66%	192B
TATA CONSULTANCY SERVICES LTD.	+1.48%	169B
IBM	+4.20%	157B
AUTOMATIC DATA PROCESSING, INC.	+7.22%	103B
RELX PLC	+13.18%	82.82B
CROWDSTRIKE HOLDINGS, INC.	+38.38%	82.8B
INFOSYS LIMITED	-5.04%	73.21B
SNOWFLAKE INC.	-20.86%	51.79B
HCL TECHNOLOGIES LIMITED	-8.25%	44.01B

Other IT Services & Consulting