RXT
Rackspace Technology, Inc. · Technology · Software - Infrastructure
Last
$3.19
+$0.04 (+1.27%) 4:00 PM ET
Prev close $3.15
Open $3.06
Day high $3.23
Day low $2.93
Volume 8,157,980
Avg vol 6,258,245
Mkt cap
$802.85M
EV/Sales
1.44
P/E ratio
-5.14
FY Revenue
$2.70B
EPS
-0.62
Gross Margin
17.92%
Div yield
0.00%
Sector
Technology
AI report sections
RXT
Rackspace Technology, Inc.
Rackspace Technology exhibits short-term price momentum with 1M and 3M gains above 35% but remains deeply depressed versus its 52-week high and trades below key moving averages. Fundamentals show positive free cash flow and improving net loss year over year alongside negative equity, high leverage, and continuing net losses. Valuation metrics such as very low P/S and high free cash flow yield contrast with an elevated EV/EBITDA multiple and weak profitability, while technical indicators and short-volume data point to overbought conditions and heightened trading pressure.
AI summarized at 6:17 PM ET, 2026-02-18
AI summary scores
INTRADAY: 32 SWING: 38 LONG: 27
Volume vs average
Intraday (cumulative)
+87% (Above avg)
Vol/Avg: 1.87×
RSI
38.51 (Weak)
Weak (30–40)
MACD momentum
Intraday
-0.01 (Weak)
MACD: -0.01 Signal: 0.00
Short-Term
-0.07 (Weak)
MACD: -0.03 Signal: 0.04
Long-Term
-0.03 (Weak)
MACD: -0.05 Signal: -0.01
Intraday trend score 36.64

Latest news

RXT 12 articles Positive: 0 Neutral: 0 Negative: 12
Negative GlobeNewswire Inc. • Faruqi & Faruqi, Llp
RXT INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Reminds Rackspace Technology Investors of Securities Class Action Lawsuit Deadline on September 28, 2026

A securities class action lawsuit has been filed against Rackspace Technology for allegedly misleading investors about the financial impact of its AI strategy, declining Public Cloud revenue, and reduced infrastructure resale business. The company reduced its full year 2026 revenue guidance by $150 million on July 9, 2026, causing its stock to fall 33.6%. The deadline to seek lead plaintiff status is September 28, 2026.

RXT securities class action Rackspace Technology AI strategy revenue guidance reduction stock price decline lead plaintiff deadline investor losses
Sentiment note

The company is facing a securities fraud lawsuit for allegedly making false statements about its business prospects. The company significantly reduced revenue guidance by $150 million and experienced a 33.6% stock price decline on the announcement, indicating serious operational and financial challenges related to its AI transition strategy and declining Public Cloud business.

Negative GlobeNewswire Inc. • Rosen Law Firm
RXT DEADLINE: ROSEN, A RANKED AND LEADING LAW FIRM, Encourages Rackspace Technology, Inc. Investors to Secure Counsel Before Important September 28 Deadline in Securities Class Action – RXT

Rosen Law Firm reminds Rackspace Technology (RXT) investors who purchased securities between May 7, 2026 and July 8, 2026 of the September 28, 2026 lead plaintiff deadline in an ongoing securities class action. The lawsuit alleges that Rackspace made false statements regarding its enterprise AI efforts, declining Public Cloud revenue, and materially misleading statements about business prospects and fiscal year 2026 revenue projections.

RXT securities class action lead plaintiff deadline false statements Public Cloud revenue decline enterprise AI investor compensation
Sentiment note

The company is the subject of a securities class action lawsuit alleging material misstatements and omissions regarding its business operations, including declining Public Cloud revenue, misallocated resources toward enterprise AI efforts, and misleading statements about fiscal year 2026 revenue prospects. These allegations indicate significant operational and disclosure failures that harmed investors.

Negative GlobeNewswire Inc. • Bronstein, Gewirtz & Grossman Llc
Bronstein, Gewirtz & Grossman LLC Urges Rackspace Technology, Inc. Investors to Act: Class Action Filed Alleging Investor Harm

A class action lawsuit has been filed against Rackspace Technology, Inc. alleging that company executives made materially false and misleading statements regarding business operations and financial condition during May-July 2026. The complaint claims Rackspace failed to disclose that enterprise AI efforts would require significant reallocation of resources from its profitable Private Cloud segment, that Public Cloud revenue was declining, and that fiscal year 2026 revenue would be significantly impacted. Investors who purchased Rackspace securities during the class period are encouraged to join the lawsuit.

RXT class action lawsuit securities fraud Rackspace Technology investor harm materially false statements Public Cloud revenue decline Private Cloud segment
Sentiment note

The company is the subject of a securities fraud class action lawsuit alleging material misstatements about business operations, revenue decline in key segments, and misleading positive statements lacking reasonable basis. This represents significant legal and reputational risk to investors.

Negative GlobeNewswire Inc. • Rosen Law Firm
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Dun & Bradstreet Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - DNB

Rosen Law Firm is soliciting investors for multiple securities class action lawsuits. The primary case involves Dun & Bradstreet Holdings (DNB), alleging false and misleading statements regarding its merger with Clearlake Capital Group, including omissions about executive interests and financial advisor conflicts. Additional cases involve York Space Systems (YSS) and Rackspace Technology (RXT). The lead plaintiff deadline for DNB is November 10, 2026.

YSS RXT securities class action merger false statements lead plaintiff deadline investor compensation proxy statement
Sentiment note

Company is subject to a securities class action lawsuit with an important lead plaintiff deadline of September 28, 2026, indicating investor claims of securities violations.

Negative GlobeNewswire Inc. • Bragar Eagel & Squire, P.C.
RACKSPACE TECHNOLOGY DEADLINE IN ONE WEEK: Bragar Eagel & Squire, P.C. Urges Rackspace Technology, Inc. Investors to Contact the Firm Before the September 28th Lead Plaintiff Deadline

A class action lawsuit has been filed against Rackspace Technology for allegedly misleading investors about its enterprise AI efforts and their impact on profitability. The lawsuit claims Rackspace failed to disclose that AI initiatives would require significant reallocation of resources from its profitable Private Cloud segment, that Public Cloud revenue was declining due to customer migration to hyperscale platforms, and that these factors would materially impact fiscal year 2026 revenue. Investors who purchased shares between May 7, 2026 and July 8, 2026 can apply to be lead plaintiff by September 28, 2026.

RXT class action lawsuit securities fraud enterprise AI Private Cloud Public Cloud investor losses lead plaintiff deadline
Sentiment note

The company is the subject of a class action lawsuit alleging material misrepresentations regarding its AI strategy, revenue projections, and business segment performance. The allegations suggest deliberate or negligent failure to disclose significant operational and financial challenges, resulting in investor losses.

Negative GlobeNewswire Inc. • Glancy Prongay Wolke & Rotter Llp
Deadline Alert: Rackspace Technology, Inc. (RXT) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit

Rackspace Technology (RXT) faces a securities fraud class action lawsuit after the company revealed on July 9, 2026 that its AI investments would require significant resource reallocation, leading to a $150 million reduction in full-year 2026 revenue guidance and a 33.6% stock price decline. The lawsuit alleges defendants made materially false statements and failed to disclose that enterprise AI efforts would impact the profitable Private Cloud segment and that Public Cloud revenue was declining.

RXT securities fraud class action lawsuit revenue guidance reduction AI investments stock price decline lead plaintiff deadline
Sentiment note

The company faces securities fraud allegations for allegedly making false statements about its business prospects. The stock experienced a severe 33.6% price drop following disappointing earnings guidance, with significant revenue reductions ($150 million) and margin pressures disclosed. The lawsuit alleges material non-disclosure of negative business developments regarding AI investments' impact on profitable segments and declining Public Cloud revenue.

Negative GlobeNewswire Inc. • Bronstein, Gewirtz & Grossman Llc
Bronstein, Gewirtz & Grossman LLC Urges Rackspace Technology, Inc. Investors to Act: Class Action Filed Alleging Investor Harm

A class action lawsuit has been filed against Rackspace Technology, Inc. alleging that company executives made materially false and misleading statements regarding the company's business operations and financial condition during the period of May 7, 2026 to July 8, 2026. The complaint claims Rackspace failed to disclose declining Public Cloud revenue, the need to redirect resources from its profitable Private Cloud segment to enterprise AI efforts, and the resulting impact on fiscal year 2026 revenue.

RXT class action lawsuit securities fraud investor harm misleading statements Public Cloud revenue decline Private Cloud segment enterprise AI
Sentiment note

The company is the subject of a securities fraud class action lawsuit alleging material misstatements and omissions regarding business operations, revenue decline, and financial condition. Investors allegedly suffered losses due to undisclosed negative business developments.

Negative GlobeNewswire Inc. • Rosen Law Firm
RACKSPACE TECHNOLOGY DEADLINE: ROSEN, NATIONALL REGARDED INVESTOR COUNSEL, Encourages Rackspace Technology, Inc. Investors to Secure Counsel Before Important September 28 Deadline in Securities Class Action – RXT

A securities class action lawsuit has been filed against Rackspace Technology, Inc. for allegedly making false and misleading statements regarding its business operations. The lawsuit claims defendants failed to disclose that enterprise AI efforts would require significant reallocation of resources from the profitable Private Cloud segment, that Public Cloud revenue was declining, and that fiscal year 2026 revenue would be significantly impacted. Investors who purchased securities between May 7, 2026 and July 8, 2026 may be eligible for compensation. The lead plaintiff deadline is September 28, 2026.

RXT securities class action false statements misleading disclosures enterprise AI Public Cloud revenue decline investor compensation lead plaintiff deadline
Sentiment note

The company is the subject of a securities class action lawsuit alleging material misstatements and omissions regarding its business operations, revenue projections, and strategic priorities. Investors suffered damages when the true details entered the market, indicating significant corporate governance and disclosure failures.

Negative GlobeNewswire Inc. • Kirby Mcinerney Llp
Kirby McInerney LLP Alerts Investors Who Acquired Capricor Therapeutics, Inc. CAPR Securities Between December 17, 2025 and July 26, 2026 of Pending Lawsuit

Law firm Kirby McInerney LLP is alerting investors about pending securities fraud class action lawsuits against Capricor Therapeutics, Rackspace Technology, and Bloom Energy. The primary focus is on Capricor, which faces allegations of making false statements regarding changes to its statistical analysis plan for the Deramiocel drug candidate without FDA approval. The FDA subsequently rejected the drug, causing Capricor's stock to plummet 64% on July 27, 2026, and an additional 36% on July 30, 2026. The lead plaintiff deadline is September 28, 2026.

CAPR RXT BE securities fraud class action lawsuit FDA approval statistical analysis plan Deramiocel
Sentiment note

Subject of pending securities class action lawsuit with class period between May 7, 2026 and July 8, 2026, indicating alleged securities fraud or material misstatements.

Negative GlobeNewswire Inc. • Kirby Mcinerney Llp
Kirby McInerney LLP Alerts Investors Who Acquired Bloom Energy Corporation BE Securities Between February 27, 2025 and July 8, 2026 of Pending Lawsuit

Law firm Kirby McInerney LLP announced pending securities class action lawsuits against Bloom Energy Corporation for allegedly making false statements about its reliance on Chinese scandium supplies. A short-seller report on July 8, 2026 revealed that Bloom Energy sourced scandium from China through intermediaries despite claiming minimal China supply chain dependence, causing the stock to fall 5.7%. The firm is seeking lead plaintiffs with a September 28, 2026 deadline.

BE RXT CAPR securities fraud class action lawsuit supply chain disclosure China sourcing scandium
Sentiment note

Company is subject to a pending securities class action lawsuit with a lead plaintiff deadline of September 28, 2026, indicating alleged securities violations during the May 7 - July 8, 2026 period.

Negative GlobeNewswire Inc. • Kirby Mcinerney Llp
Kirby McInerney LLP Alerts Investors Who Acquired Rackspace Technology, Inc. RXT Securities Between May 7, 2026 and July 8, 2026 of Pending Lawsuit

Law firm Kirby McInerney LLP announced pending securities class action lawsuits against Rackspace Technology for allegedly making false statements about its business transition to enterprise AI. The lawsuit covers investors who purchased RXT securities between May 7, 2026 and July 8, 2026. Rackspace's stock fell 33.6% on July 9, 2026 after the company revealed significant revenue guidance cuts of $150 million and disclosed that AI investments would require major resource reallocation away from profitable segments.

RXT securities fraud class action lawsuit enterprise AI revenue guidance reduction stock price decline lead plaintiff deadline material misstatement
Sentiment note

Company faces securities fraud allegations for allegedly concealing material information about AI transition impacts on profitability. Stock experienced a 33.6% decline following disclosure of $150 million revenue guidance cut and $25 million Private Cloud revenue reduction. Lawsuit alleges management misled investors about business prospects and resource reallocation requirements.

Negative GlobeNewswire Inc. • Kessler Topaz Meltzer & Check, Llp
Rackspace Technology, Inc. Class Action Lawsuit Seeks Recovery for Investors; September 28, 2026, Deadline - Contact Kessler Topaz Meltzer & Check, LLP

A securities fraud class action lawsuit has been filed against Rackspace Technology (NASDAQ: RXT) for allegedly making material misstatements about its enterprise AI efforts. The company failed to disclose that AI investments would require significant resource reallocation from its profitable Private Cloud segment and that Public Cloud revenue was declining. On July 9, 2026, Rackspace reduced its full year 2026 revenue guidance by $150 million, causing the stock to plummet 33.6%. Investors who purchased RXT securities between May 7, 2026 and July 8, 2026 can seek lead plaintiff status by September 28, 2026.

RXT securities fraud class action lawsuit enterprise AI revenue guidance reduction stock price decline material misstatements lead plaintiff
Sentiment note

The company is facing a securities fraud class action lawsuit for allegedly making false statements about its AI strategy and failing to disclose material adverse facts. The stock dropped 33.6% following disclosure of a $150 million revenue guidance reduction, indicating significant operational and financial challenges.

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