Rackspace Technology (RXT) Set to Post Quarterly Earnings on Monday

Posted by Stanley Muller on Nov 2nd, 2026

Rackspace Technology (NASDAQ:RXT – Get Free Report) is expected to be posting its Q3 2026 results after the market closes on Monday, November 9th. Analysts expect Rackspace Technology to announce earnings of ($0.0796) per share and revenue of $573.96 million for the quarter. Interested persons are encouraged to explore the company’s upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Tuesday, November 10, 2026 at 8:30 AM ET.

Rackspace Technology (NASDAQ:RXT – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. The company had revenue of $670.10 million during the quarter, compared to the consensus estimate of $646.00 million.

Rackspace Technology Stock Performance

Shares of RXT opened at $2.62 on Monday. The stock’s 50-day simple moving average is $3.40 and its 200 day simple moving average is $3.20. The stock has a market capitalization of $667.76 million, a price-to-earnings ratio of -4.03 and a beta of 3.30. Rackspace Technology has a 52-week low of $0.39 and a 52-week high of $8.60.

Insider Buying and Selling at Rackspace Technology

In other Rackspace Technology news, CEO Gajakarnan Kandiah sold 498,728 shares of Rackspace Technology stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $3.21, for a total transaction of $1,600,916.88. Following the transaction, the chief executive officer directly owned 3,684,955 shares of the company’s stock, valued at approximately $11,828,705.55. This trade represents a 11.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mark Marino sold 51,373 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $2.95, for a total transaction of $151,550.35. Following the completion of the sale, the chief financial officer owned 2,865,853 shares of the company’s stock, valued at approximately $8,454,266.35. The trade was a 1.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 714,141 shares of company stock valued at $2,299,799. 2.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

RXT has been the topic of several analyst reports. Wall Street Zen cut Rackspace Technology from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Rackspace Technology in a research report on Friday, August 28th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Rackspace Technology presently has a consensus rating of “Reduce” and an average price target of $4.00.

Check Out Our Latest Analysis on RXT

About Rackspace Technology

(Get Free Report)

Rackspace Technology, Inc is a technology services company that helps businesses design, build, operate and optimize information technology environments across public, private and hybrid clouds. Its offerings are intended to support organizations at various stages of cloud adoption, from migration and modernization to ongoing management and optimization.

The company provides managed cloud services for major cloud platforms, including Amazon Web Services, Microsoft Azure and Google Cloud.