Rackspace Technology, Price, Forecast, Insider, Ratings, Fundamentals & Signals

San antonio, april 12, 2024 (globe newswire) -- rackspace technology® (nasdaq: rxt) (“rackspace” or the “company”), a leading end-to-end hybrid, multicloud, and ai technology solutions company, today announced the final results of the previously announced offer by its indirect subsidiary rackspace finance, llc (the “new issuer”), to eligible holders in respect of any and all of the 3.50% first-priority senior secured notes due 2028 (the “existing secured notes”) issued by its indirect subsidiary rackspace technology global, inc., to (i) (a) exchange certain of those existing secured notes for new 3.50% flso senior secured notes due 2028 (the “exchange notes”) issued by the new issuer and (b) have purchased for cancellation certain of those existing secured notes by the new issuer for cash (collectively, the “exchange offer”), and (ii) fund (the “funding offer” and, together with the exchange offer, the “offers”) new senior secured first lien first out term loans of the new issuer, in each case, subject to the terms and conditions of the offering memorandum dated march 14, 2024 (as amended by the company's press release dated march 29, 2024, the “offering memorandum”)...

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San antonio, march 29, 2024 (globe newswire) -- rackspace technology® (nasdaq: rxt) (“rackspace” or the “company”), a leading end-to-end hybrid, multicloud, and ai technology solutions company, today announced that its indirect subsidiary rackspace finance, llc (the “new issuer”) is amending the terms of its previously announced offer (the “amendment”) to eligible holders in respect of any and all of the 3.50% first-priority senior secured notes due 2028 (the “existing secured notes”) issued by rackspace's indirect subsidiary rackspace technology global, inc., to (i) (a) exchange certain of those existing secured notes for new 3.50% flso senior secured notes due 2028 (the “exchange notes”) issued by the new issuer and (b) have purchased for cancellation certain of those existing secured notes by the new issuer for cash (collectively, the “exchange offer”), and (ii) fund (the “funding offer” and, together with the exchange offer, the “offers”) new senior secured first lien first out term loans (the “new flfo term loans”) of the new issuer, in each case, subject to the terms and conditions of the offering memorandum dated march 14, 2024 (as supplemented or otherwise modified from time to time, the “offering memorandum”).

San antonio, march 28, 2024 (globe newswire) -- rackspace technology® (nasdaq: rxt) (“rackspace” or the “company”), a leading end-to-end hybrid, multicloud, and ai technology solutions company, today announced the early tender results of the previously announced offer by its indirect subsidiary rackspace finance, llc (the “new issuer”), to eligible holders in respect of any and all of the 3.50% first-priority senior secured notes due 2028 (the “existing secured notes”) issued by its indirect subsidiary rackspace technology global, inc., to (i) (a) exchange certain of those existing secured notes for new 3.50% flso senior secured notes due 2028 (the “exchange notes”) issued by the new issuer and (b) have purchased for cancellation certain of those existing secured notes by the new issuer for cash (collectively, the “exchange offer”), and (ii) fund (the “funding offer” and, together with the exchange offer, the “offers”) new senior secured first lien first out term loans (the “new flfo term loans”) of the new issuer, in each case, subject to the terms and conditions of the offering memorandum dated march 14, 2024 (as supplemented or otherwise modified from time to time, the “offering memorandum”).

Rackspace (RXT) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to earnings of $0.06 per share a year ago.

SAN ANTONIO, March 07, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT) — a leading end-to-end, hybrid, multicloud, and AI solutions company, today announced that it will release its fourth quarter and full year 2023 financial results after the market closes on Tuesday, March 12, 2024. Amar Maletira, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (March 12, 2024) at 5:00 PM ET to discuss the Company's financial results.

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Rackspace (RXT) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Rackspace (RXT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

While the topic of stocks to sell immediately generates controversy, it's similar to the wacky off-season transactions that occur in baseball. At the end of the day, an organization must make the best decision to ramp up its chances of success.

Rackspace Technology, Inc. (NASDAQ:RXT ) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Sagar Hebbar - Head-Investor Relations Amar Maletira - Chief Executive Officer Bobby Molu - Chief Financial Officer Conference Call Participants Ramsey El-Assal - Barclays Frank Louthan - Raymond James Bradley Clark - BMO Matthew Roswell - RBC Operator Good day and thank you for standing by. Welcome to Rackspace Technology Third Quarter 2023 Earnings Webcast.

SAN ANTONIO, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT) — a leading end-to end, hybrid multicloud technology solutions company, today announced that it will release its third quarter 2023 financial results after the market closes on Tuesday, November 7, 2023. Amar Maletira, Chief Executive Officer, and Bobby Molu, Chief Financial Officer, will host a conference call on the day of the release (November 7, 2023) at 5:00 PM ET to discuss the Company's financial results.

Rackspace Technology, Inc. operates in a promising market with a large and growing multi-cloud TAM. The company's Public Cloud business is currently facing a decline, which raises concerns about its performance in this specific sector. The stock trades at a discount to leading IT services peers, which I believe is warranted in the near term.

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.

Engaging in the world of low-cost stocks often referred to as penny stocks, is appealing to those looking to capitalize on the potential upsides of the stock market. These stocks, priced below $5, are known for their intrinsic risk.