Rackspace Technology, Inc. (RXT) Stock

About Rackspace Technology, Inc.

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.

Rackspace Technology, Inc. is led by CEO Gajen Kandiah, employs 5,100 people, headquartered in US, publicly traded since 2020.

Rackspace Technology, Inc. (RXT) stock trades at $3.86 with a market capitalization of $978.82M. The stock is valued at a price-to-earnings (P/E) ratio of -6.50, price-to-book of -0.80, price-to-sales of 0.37. Over the past 52 weeks the stock has ranged between $0.39 and $8.60, and currently trades 55.1% below its 52-week high.

On profitability, Rackspace Technology, Inc. generates a return on equity (ROE) of 12.31%, above the typical market average, return on capital employed of -2.62%, an operating margin of -1.06%, a net profit margin of -5.41%.

Official website: www.rackspace.com