Rackspace Technology (NASDAQ:RXT) Issues Q1 2025 Earnings Guidance

Rackspace Technology (NASDAQ:RXT) issued an update on its first quarter 2025 earnings guidance on Thursday morning. The company provided EPS guidance of -0.090–0.070 for the period, compared to the consensus EPS estimate of -0.080. The company issued revenue guidance of $653.0 million-$665.0 million, compared to the consensus revenue estimate of $659.6 million.

Rackspace Technology Stock Down 0.7 %

Shares of RXT traded down $0.02 during trading hours on Thursday, reaching $2.88. The company’s stock had a trading volume of 832,203 shares, compared to its average volume of 812,482. The firm has a market cap of $655.40 million, a price-to-earnings ratio of -0.83 and a beta of 2.04. The company has a 50 day moving average of $2.50 and a two-hundred day moving average of $2.48. Rackspace Technology has a 1-year low of $1.45 and a 1-year high of $3.41.

Rackspace Technology (NASDAQ:RXT) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. As a group, analysts forecast that Rackspace Technology will post -0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Barclays boosted their price target on Rackspace Technology from $1.00 to $2.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Rackspace Technology presently has an average rating of “Hold” and an average target price of $2.47.

Insiders Place Their Bets

In other news, CFO Mark A. Marino sold 14,458 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $2.34, for a total value of $33,831.72. Following the completion of the sale, the chief financial officer now directly owns 1,915,356 shares of the company’s stock, valued at approximately $4,481,933.04. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Srini Koushik sold 19,470 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $2.67, for a total value of $51,984.90. Following the completion of the transaction, the chief technology officer now owns 1,026,279 shares of the company’s stock, valued at $2,740,164.93. The trade was a 1.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 209,322 shares of company stock valued at $542,829 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

Rackspace Technology Company Profile

Rackspace Technology, Inc operates as a multi cloud technology services company in the Americas, Europe, the Middle East, Africa, and The Asia-Pacific region. It operates through three segments: Multicloud Services, Apps & Cross Platform, and OpenStack Public Cloud. The company provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; professional services related to designing and building multi cloud solutions and cloud-native applications; and managed hosting and colocation services.