Rackspace Technology, Inc. (RXT) Research

Rackspace Technology, Inc. is a global provider specializing in multi-cloud technology services. The company organizes its business into two primary divisions: Multicloud Services and Apps & Cross Platform. Through its Multicloud Services division, Rackspace offers comprehensive managed services for both public and private cloud environments. These services empower clients to identify, oversee, and fine-tune their ideal infrastructure, platforms, and associated services. This segment also delivers expert professional assistance for architecting and deploying multi-cloud strategies and modern cloud-native applications. The Apps & Cross Platform segment encompasses managed application services, along with extensive managed security offerings. These security services span threat identification and mitigation, proactive prevention, prompt incident response, adherence to governance standards, risk management, compliance support across diverse cloud ecosystems, and robust privacy and data protection, including granular access controls and reporting. Furthermore, this segment provides specialized data services and professional expertise for the development and deployment of application, security, and data solutions. Established in 1998, Rackspace Technology, Inc. maintains its corporate headquarters in San Antonio, Texas.

Market snapshot

Symbol
RXT
Price
$7.22
Day change
-4.12%
Market cap
$1.8B
P/E ratio
-11.91x
52-week range
0.393-8.6
Sector
Technology
Industry
Software - Infrastructure
Next earnings
in 2 months
Analyst price target
$4.83

Recent news

  • Why Wall Street Is Turning Bullish On Rackspace Stock After Its AI Pivot

    Rackspace Technology Inc. (NASDAQ:RXT) is getting back into the good graces of investors.

  • This little-known AI stock has beaten Micron and Arm this year, and now it's extending its lead

    Shares of a little-known cloud-computing company that has been striking big deals with tech giants have been on a tear this year. And a new deal with Advanced Micro Devices is furthering that notable rally.

  • Why This AI Data Center Stock Is Surging 21% on an AMD Partnership

    Rackspace Technology strikes a deal with Advanced Micro Devices to use AMD chips in its AI data centers.

Peer companies

  • Bakkt Holdings, Inc. (BKKT)
  • Commerce.com, Inc. (CMRC)
  • 3D Systems Corporation (DDD)
  • Gorilla Technology Group Inc. (GRRR)
  • CS Disco, Inc. (LAW)
  • Lesaka Technologies, Inc. (LSAK)
  • Palladyne AI Corp. (PDYN)
  • Rekor Systems, Inc. (REKR)

Recent insider activity

  • TEAL-GUESS KELLIE — A-Award (443548 shares) on 2026-04-03
  • TEAL-GUESS KELLIE — S-Sale (33966 shares) on 2026-06-04
  • Kandiah Gajakarnan Vibushanan — A-Award (200000 shares) on 2026-04-03
  • Kandiah Gajakarnan Vibushanan — F-InKind (8059 shares) on 2026-06-04
  • Marino Mark A. — A-Award (806451 shares) on 2026-04-03

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