Rackspace Technology Cuts 2026 Outlook as $250M Stock Sale Fuels AI Push
Rackspace Technology NASDAQ: RXT said it is accelerating its push into enterprise artificial intelligence infrastructure, announcing a $250 million at-the-market equity offering and updated 2026 financial outlook as it moves away from lower-margin revenue streams.
Rackspace Technology (RXT) Rebounds 22% After Brutal Week
Shares of Rackspace Technology (NASDAQ:RXT) are rebounding sharply on Friday, trading up 22% intraday to $5.35 from a prior close of $4.37, as of 3:20pm ET.
Rackspace: Worth Buying The Dip As AI Partnerships Turn Growth Trajectory Around
Rackspace is rated a buy, benefiting from AI-driven partnerships and a revived growth narrative in 2026. Recent deals with Palantir and AMD enhance RXT's credibility, access to high-performance compute, and enterprise sales channels. Q1 marked a return to positive y/y growth, with revenue up 2% and operating profit rising 20%, supporting the YTD rally.
Rackspace Technology, Inc. (RXT) Discusses Enterprise AI Strategy and Strategic Update Transcript
Rackspace Technology, Inc. (RXT) Discusses Enterprise AI Strategy and Strategic Update Transcript
Buy, Hold, or Sell: Rackspace Is Up 675% This Year, Is It a Buy Today?
At $7.53, Rackspace Technology (NASDAQ:RXT) is a Hold, with an aggressive Buy trigger if a macro panic drags shares back to $5.00.
Rackspace Technology pushes into Middle East Cloud and AI market
Rackspace Technology (NASDAQ:RXT) has established a regional headquarters in Riyadh as the cloud-services company moves to accelerate its cloud and artificial intelligence growth in the Middle East. The new regional headquarters in the Saudi capital is intended to support Rackspace's expansion in cloud and AI services, the company said.
Rackspace Technology Q1 Earnings Call Highlights
Rackspace Technology NASDAQ: RXT reported first-quarter 2026 revenue growth and reaffirmed its full-year outlook, while management emphasized the company's shift toward managed, governed enterprise artificial intelligence infrastructure for regulated and sovereign environments.
Rackspace Technology, Inc. (RXT) Q1 2026 Earnings Call Transcript
Rackspace Technology, Inc. (RXT) Q1 2026 Earnings Call Transcript
Rackspace Tumbles as Business Improves, but Is It a Buy Yet?
Rackspace Technology ( NASDAQ:RXT ) just reported its fourth-quarter results, showcasing signs of business improvement amid a challenging market.
Rackspace Technology, Inc. (RXT) Q4 2025 Earnings Call Prepared Remarks Transcript
Rackspace Technology, Inc. (RXT) Q4 2025 Earnings Call Prepared Remarks Transcript
Rackspace Technology, Inc. (RXT) Q3 2025 Earnings Call Prepared Remarks Transcript
Rackspace Technology, Inc. ( RXT ) Q3 2025 Earnings Call November 6, 2025 5:00 PM EST Company Participants Sagar Hebbar - Head of Investor Relations Gajen Kandiah - Chief Executive Officer Mark Marino - Executive VP & CFO Presentation Operator Good day, and welcome to the Rackspace Q3 2025 Earnings Call and Webcast. [Operator Instructions] Please note that today's event is being recorded.
Rackspace Technology, Inc. (RXT) Q2 2025 Earnings Call Transcript
Rackspace Technology, Inc. (NASDAQ:RXT ) Q2 2025 Earnings Conference Call August 7, 2025 5:00 PM ET Company Participants Amar Maletira - President, CEO & Director Mark A. Marino - Executive VP & CFO Sagar Hebbar - Head of Investor Relations Conference Call Participants Frank Garrett Louthan - Raymond James & Associates, Inc., Research Division Kevin Damien McVeigh - UBS Investment Bank, Research Division Operator Good day, and thank you for standing by.
