Rackspace Technology (NASDAQ:RXT) Announces Earnings Results

Posted by Stanley Muller on Nov 10th, 2026

Rackspace Technology (NASDAQ:RXT – Get Free Report) released its earnings results on Monday. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.02, FiscalAI reports. The firm had revenue of $609.10 million during the quarter, compared to analysts’ expectations of $573.96 million.

Rackspace Technology Price Performance

RXT stock opened at $2.72 on Tuesday. The company has a market capitalization of $693.25 million, a PE ratio of -4.18 and a beta of 3.29. The firm’s 50-day moving average is $3.31 and its 200 day moving average is $3.25. Rackspace Technology has a 12 month low of $0.39 and a 12 month high of $8.60.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RXT. Wall Street Zen cut Rackspace Technology from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Rackspace Technology in a report on Friday, August 28th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Rackspace Technology has an average rating of “Reduce” and a consensus price target of $4.00.

Get Our Latest Stock Analysis on RXT

Insider Transactions at Rackspace Technology

In related news, CFO Mark A. Marino sold 51,373 shares of Rackspace Technology stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $2.95, for a total transaction of $151,550.35. Following the transaction, the chief financial officer directly owned 2,865,853 shares of the company’s stock, valued at $8,454,266.35. This trade represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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, EVP Dharmendra Sinha sold 107,002 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $2.95, for a total value of $315,655.90. Following the completion of the transaction, the executive vice president directly owned 3,263,429 shares of the company’s stock, valued at approximately $9,627,115.55. The trade was a 3.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. In the last quarter, insiders sold 714,141 shares of company stock valued at $2,299,799. Company insiders own 2.30% of the company’s stock.

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.