Rackspace Technology Stock News

SAN ANTONIO, Nov. 23, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced their 2020 Google Cloud Breakthrough North America Partner of the Year award was due to successful migrations of IT environments to Google Cloud for customers like, GoHenry, Mrs. T’s and Eagle Eye.

Charles Schwab Investment Management Inc. boosted its stake in Rackspace Technology, Inc. (NASDAQ:RXT) by 21.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 284,203 shares of the companys stock after acquiring an additional 50,204 shares during the quarter. Charles Schwab []

Man Group plc reduced its holdings in Rackspace Technology, Inc. (NASDAQ:RXT) by 27.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,515 shares of the companys stock after selling 8,674 shares during the period. Man Group plcs holdings in Rackspace []

California State Teachers Retirement System increased its stake in shares of Rackspace Technology, Inc. (NASDAQ:RXT) by 42.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,009 shares of the companys stock after purchasing an additional 21,914 shares during the period. California State Teachers Retirement []

State Street Corp lifted its holdings in Rackspace Technology, Inc. (NASDAQ:RXT) by 47.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 930,672 shares of the companys stock after acquiring an additional 300,621 shares during the quarter. State Street Corp owned 0.45% of Rackspace []

Rackspace Technology, Inc. (NASDAQ:RXT) Equities research analysts at Oppenheimer boosted their Q4 2021 earnings per share estimates for shares of Rackspace Technology in a research note issued on Tuesday, November 16th. Oppenheimer analyst T. Horan now anticipates that the company will earn $0.25 per share for the quarter, up from their previous forecast of []

Rackspace Technology, Inc. (NASDAQ:RXT) Stock analysts at William Blair upped their FY2021 earnings per share (EPS) estimates for Rackspace Technology in a note issued to investors on Tuesday, November 16th. William Blair analyst J. Breen now forecasts that the company will post earnings per share of $0.96 for the year, up from their previous []

Rackspace Technology (NASDAQ:RXT) updated its fourth quarter 2021 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.230-$0.250 for the period, compared to the Thomson Reuters consensus estimate of $0.240. The company issued revenue guidance of $724 million-$732 million, compared to the consensus revenue estimate of $771.44 million.Rackspace Technology also updated []

Rackspace Technology (NASDAQ:RXT) had its price target raised by equities research analysts at Credit Suisse Group from $21.00 to $25.00 in a report issued on Tuesday, Analyst Ratings Network reports. The brokerage presently has an outperform rating on the stock. Credit Suisse Groups target price points to a potential upside of 54.42% from the companys []

Rackspace Technology Inc. (NASDAQ:RXT) price is hovering higher on Tuesday, November 16, jumping 12.41% above its previous close. >> 7 Top Picks for the Post-Pandemic Economy > 7 Top Picks for the Post-Pandemic Economy

Home Depot, Rackspace Technology, Lucid Group, Romeo Power and Canoo are five top stock gainers for Tuesday.

Investors embraced the cloud service provider's robust third-quarter report.

The stock price of Rackspace Technology, Inc. (NASDAQ: RXT) increased by over 12% during intraday trading today. This is why it happened.