Rackspace stock decline. The full year revenue also dipped by 5% to Decline across segments is anticipated to have resulted in a fall in Rackspace Technology's top line in the fourth quarter of 2024. 61 per share, resulting in a total transaction value of approximately $527,820. 29, representing a steep 40% decline year-to-date. While the stock has faced headwinds—down 14% in July alone—its recent operational improvements and product Find the latest Rackspace Technology, Inc. Rackspace Technology, Inc. stock price (RXT), historical data, earnings reports, stock split stock split history, analyst ratings, and forecasts from Perplexity Finance. ' So is RXT a buy? Click here to see my take. One research analyst has rated the stock with a sell rating and four have issued a hold rating on RXT | Complete Rackspace Technology Inc. The multicloud technology solutions provider, which has been working on an operational turnaround, reported Rackspace Technology's fourth quarter revenue saw a 9% decline year-over-year to $720 million, with a notable 14% decrease in Private Cloud revenue. Rackspace Technology Inc (NASDAQ: RXT) stock has tumbled to a 52-week low, touching down at $1. com - BMO (TSX: BMO) Capital has lowered its price target on Rackspace Technology Inc . Shares of Rackspace Technology (RXT) dropped Thursday after the cloud-services company reported higher second-quarter revenue and below-estimate third-quarter Introduction & Market Context Rackspace Technology (NASDAQ: RXT) presented its first quarter 2025 financial results on May 8, showing continued revenue challenges despite some year-over-year Rackspace Technology (RXT) stock fell ~7% on Tuesday after Citi Research downgraded the cloud tech services provider to Sell/High Risk from Neutral/High Risk. The firm cited Rackspace’s June On February 24, 2025, Marino sold 202,230 shares of Rackspace common stock at a weighted average price of $2. The company has seen a decline of 54. 88% decline in Rackspace Technology Inc (RXT) stock during the 2025-06-17 trading session. 6% in its stock value, while other technology sector companies have experienced growth. Despite the earnings beat and in-line guidance, investors seemed to focus on the continued revenue declines across Rackspace's business segments. This penny stock faces fierce competition from Rackspace Technology's recent stock price movements have been influenced by several key factors. 44%, resulting in a total revenue of $2. Revenue declined 7% year-over-year to $2. The company's segments showed declines with Private Cloud revenue at $250 million (down 7%) and Rackspace Technology (RXT) is poised to release its Q2 2025 earnings on August 7, 2025, a moment that will test the company's ability to balance its strategic ambitions in hybrid cloud and AI with the reality of mixed revenue trends. (NASDAQ: RXT) to $1. Despite a dip in overall revenue, Rackspace Technology Inc (RXT) showcases resilience with strategic initiatives and strong public cloud performance. 40 and set a "market perform" rating on the stock in a report on Tuesday. 5% decline over the past six months, reflecting the complex challenges it faces. View real-time stock prices and stock quotes for a full financial overview. 21, has seen a steep decline of 58% over the past six months, according to InvestingPro data. Rackspace's fiscal 1Q16 revenues, the growing competition in the cloud space, and the company’s tepid guidance for fiscal 2Q16 weighed heavily on Rackspace's stock. The company showed notable Full transcript - Rackspace Technology Inc (RXT) Q1 2025: Operator/Moderator: Good day, and welcome to the Rackspace First Quarter twenty twenty five Earnings Webcast. stock news by MarketWatch. Investing. The company reported a decline in annual revenue for 2024, with a decrease of 7. (NASDAQ:RXT - Get Free Report) has earned a consensus recommendation of "Reduce" from the five research firms that are currently covering the stock, Marketbeat. Get the latest Rackspace Technology, Inc. 75 while maintaining a Market Perform rating on the stock. 75 to $1. com reports. 2% and current ratio of 0. com - BMO Capital has lowered its price target on Rackspace Technology Inc . 2% year-over-year constant currency decline compared to a BMO Capital Markets decreased their price objective on shares of Rackspace Technology from $1. The stock, currently trading at $1. 35. Rackspace Technology’s recent earnings call painted a mixed picture, with strong performance in bookings and AI initiatives, but challenges in revenue and cash flow. The firm cited Rackspace’s June quarter performance as "solid against low expectations," noting improvement in top-line trends with a 3. We've noticed a 5. The firm raised its Learn how to buy Rackspace Technology, Inc. 2% year-over-year constant currency decline compared to a The firm cited Rackspace’s June quarter performance as "solid against low expectations," noting improvement in top-line trends with a 3. ” As AI adoption accelerates and hybrid cloud demand grows, Rackspace's ability to deliver secure, Rackspace: Shifting To Higher-Margin Cloud, Amid Risks (Rating Downgrade) After its sustained decline, Rackspace Technology is now a penny stock, not far from the one-dollar-per-share threshold. In its latest earnings report, Rackspace Technology announced a decrease in revenue, with the fourth quarter of 2024 generating $686 million, down 5% year-over-year, and the full year revenue at $2,737 million, a 7% decline from 2023. 7 billion, a reduced gross margin of 19. Rackspace Technology's revenue will likely contract in 2023, but RXT says Q2 operating results will be the 'trough. (NASDAQ:RXT - Get Free Report) traded down 10% on Thursday . 74 billion. InvestingPro analysis reveals concerning fundamentals, with a weak gross profit margin of 20. (RXT) shares with our comprehensive investment analysis. (RXT) stock quote, history, news and other vital information to help you with your stock trading and investing. Decline across segments is anticipated to have resulted in a fall in Rackspace Technology's top line in the fourth quarter of 2024. The company's shares Rackspace Technology reports Q1 2025 revenue of $665 million, a 4% decrease year-over-year, with improved profit metrics. For those who can stomach the near-term volatility, Rackspace represents a classic case of “buying the company, not the earnings. Rackspace Technology (NASDAQ:RXT) presented its first quarter 2025 financial results on May 8, showing continued revenue challenges despite some year-over-year operational improvements. Discover current price, trends, and expert insights for smart trading decisions. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!. According to Shares of Rackspace Technology, Inc. posted its third straight quarterly loss and saw revenue decline in both of its major business segments, but it still delivered a considerable boost to its The challenges faced by Rackspace, including the revenue decline, may lead to concerns about the company's ability to adapt to market demands and maintain its financial health. According to InvestingPro data, the company’s stock has experienced significant volatility, with a 47. 542,614 After its sustained decline, Rackspace is now a penny stock, not far from the one-dollar-per-share threshold. Find the latest Rackspace Technology, Inc. 7 billion Rackspace Technology's FY 2025 earnings highlight a concerning financial trajectory with a 7% revenue decline to $2. Read why it is better to stay on the sidelines on RXT. This disparity highlights the competitive Rackspace Technology Inc. 35 and last traded at $1. The stock traded as low as $1. 06, representing a 69% decline from its 52-week high of $3. Rackspace Technology's FY 2025 earnings reveal a company in transition, marked by a significant operating model shift into Public and Private Cloud units and substantial debt refinancing. 40 from $1. Rackspace Technology (RXT) reported mixed Q1 2025 results with revenue of $665 million, down 4% year-over-year. Rackspace Technology Inc (NASDAQ: RXT) stock has hit a 52-week low, dropping to $1. However, financial results present a concerning picture. 5%, and a significant $715 million goodwill impairment, amidst persistent net losses and substantial debt. 79 indicating liquidity challenges. 41.
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