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Rackspace Technology (NASDAQ:RXT – Get Rating) had its target price trimmed by Citigroup from $3.00 to $1.25 in a report published on Sunday, The Fly reports. Several other research analysts have also issued reports on RXT. Deutsche Bank Aktiengesellschaft reduced their price target on Rackspace Technology from $3.00 to $1.50 in a research report on […]

Light & Wonder, Inc. (LNW), a cross-platform games provider, announced Thursday that it has submitted a proposal to acquire the remaining 17 percent equity interest in SciPlay Corp.

Rackspace Technology, Inc. (NASDAQ:RXT – Get Rating) was the target of a large growth in short interest in April. As of April 30th, there was short interest totalling 6,990,000 shares, a growth of 29.7% from the April 15th total of 5,390,000 shares. Based on an average daily trading volume, of 1,600,000 shares, the short-interest ratio […]

Rackspace Technology (NASDAQ:RXT – Get Rating) had its price objective decreased by Deutsche Bank Aktiengesellschaft from $3.00 to $1.50 in a research note released on Thursday morning, The Fly reports. Other analysts also recently issued research reports about the company. Barclays cut their target price on Rackspace Technology from $2.00 to $1.50 in a research […]

Rackspace Technology (NASDAQ:RXT – Get Rating) issued an update on its second quarter 2023 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of -$0.09–$0.07 for the period, compared to the consensus estimate of -$0.01. The company issued revenue guidance of $725.00 million-$735.00 million, compared to the consensus revenue estimate of […]

Rackspace Technology, Inc. (NASDAQ:RXT – Get Rating) has been assigned a consensus rating of “Hold” from the ten ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. […]

Rackspace Technology (NASDAQ:RXT – Get Rating) released its earnings results on Tuesday. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01, Briefing.com reports. Rackspace Technology had a negative net margin of 25.78% and a positive return on equity of 11.24%. The firm had revenue of […]

Operator: Good afternoon and thank you for standing by. Welcome to Rackspace Technology’s First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Rackspace Technology (NASDAQ:RXT – Get Rating) released its earnings results on Tuesday. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01, Briefing.com reports. Rackspace Technology had a negative net margin of 25.78% and a positive return on equity of 11.24%. The firm had revenue of $758.10 million for […]

Rackspace Technology (NASDAQ:RXT – Get Rating) updated its second quarter 2023 earnings guidance on Tuesday. The company provided earnings per share guidance of -$0.09–$0.07 for the period, compared to the consensus earnings per share estimate of -$0.01. The company issued revenue guidance of $725.00 million-$735.00 million, compared to the consensus revenue estimate of $749.49 million. […]