$20.84 Competition against the likes of Amazon, Google and Microsoft, combined with a dwindling share price make Rackspace (RAX) the worst stock in the world. The multicloud managed service provider raised $704 million, but it saw the per-share price of its stock fall from the price it set at $21 to $16.17, a drop of about 20%. Disclaimer. Dec 09 / Zacks.com - Paid Partner Content, Rackspace Technology (RXT) Surges: Stock Moves 9.6% Higher, This NYC Startup Raises $51M to Disrupt the Retirement Industry, 5 Social Security Mistakes to Avoid At All Costs, 7 Mistakes That Will Ruin Your Retirement Income, 7 Retirement Secrets Smart Americans Should Know, You Can Still Buy This "Millionaire Maker" Stock, Bitcoin Up 30,000X -- Here's Your Backdoor In, This Stock Could Be Like Buying Amazon for $3.19. The official website for (RAX) is www.rackspace.com. © 2020 Cable News Network. Shares in Rackspace Technology Inc are currently trading at Price trends tend to persist, so it's worth looking at them when it comes to a share like Rackspace Technology Inc. Over the past six months, the relative strength of its shares against the market has been %. Rackspace Hosting, (delisted) stock quote and RAX charts. Rackspace Technology, Inc. is a multi-cloud technology services company. RXT: Get the latest Rackspace Technology stock price and detailed information including RXT news, historical charts and realtime prices. 11/12/20, shares in OpenStack Public Cloud. How big of a company is Rackspace Technology? Analysts had expected Rackspace … Net loss increased from $55.5M to $182M. Today’s Change. Rackspace Technology has priced its IPO of 33.5M common shares at $21/share, for gross proceeds of ~$703.5M (~$809M if the underwriters exercise their … Rackspace had a disappointing initial public offering last month where it raised $704 million in a U.S. but priced at the bottom of the marketed range. Companies with negative earnings receive an "NE." £3.16bn. Rackspace Hosting Inc,RAX,ISIN: US7500861007 - view the latest price,charts and performance information at AJ Bell Youinvest Skip to main content Rackspace Hosting Inc (NYSE:RAX) - Share price Using a basic share count and the top end of their initial ranges, Rackspace is targeting a roughly $4.8 billion valuation, and BigCommerce a $1.3 billion price tag. Cloud services provider Rackspace Technology returned to the public markets earlier this month, but it hasn't been a popular stock in the weeks since, trading well below its $21 IPO price. At that level they are trading at 27.45% discount to the analyst consensus target price of 0.00. Rackspace Technology’s first day of trading Wednesday as a public company saw its share of ups and downs. Rackspace, which helps customers such as Samsung manage their remote cloud data storage systems, declined to comment. 22.75. There are no analysts currently covering Rackspace Technology Inc. Rackspace Technology Inc is scheduled to issue upcoming financial results on the following dates: Rackspace Technology Inc does not currently pay a dividend. "Rackspace Technology has applied for listing its common stock on the Nasdaq Global Select Market under the ticker symbol RXT," it said in a statement today. Company profile page for Rackspace Technology Global Inc including stock price, company news, press releases, executives, board members, and contact information Rackspace Hosting, Inc. (Rackspace) operates in the managed cloud segment of the business information technology (IT) market. 15.25. Price/Book: A financial ratio used to compare a company's current market price to its book value. Analysts covering Rackspace Technology Inc currently have a consensus Earnings Per Share (EPS) forecast of 0.795 for the next financial year. Shares in Rackspace Technology Inc are currently trading at $20.84, giving the company a market capitalisation of £3.16bn. Rackspace Technology Inc At that level they are … The Apps & Cross Platform segment includes managed applications, managed security and data services, as well as professional services related to designing and implementing application, security and data services. It began trading on the Nasdaq under the ticker RXT. ET (1716 GMT) on Wednesday, down from the $21 per share price Rackspace shares had sold for in its initial public offering on Tuesday. Today’s SGO share price, stock chart and announcements. % over the past 365 days. The Company’s segments include Multicloud Services, Apps & Cross Platform and OpenStack Public Cloud. All Rights Reserved. and the price has moved by It delivers professional services across its entire portfolio, including multi cloud solutions, applications, security and data. Nevertheless, the report was enough to send Rackspace’s share price soaring more than 17% at one point today. For more information, learn about our StockRank Styles. $17.08 0.5 2.8% Last Trade - 23/11/20. Rackspace Technology Inc RXT - Rackspace Technology Inc Share News. All rights reserved. Including FTSE 100 Speculative. +0.26 / +1.47%. A Warner Media Company. % over the past year. All times are ET. We were not able to find PE ratio data for Rackspace Technology Inc. Rackspace Technology Inc's management team is headed by: Here are the top five shareholders of Rackspace Technology Inc based on the size of their shareholding: © Stockopedia 2020, Refinitiv, Share Data Services. Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, will hold the virtual event How Businesses are using AI and Machine Learning Today … Taking a more long-term approach, RXT posted a 52-week range of $15.25-$22.75. Today ||| 52-Week Range. 0.8  3.8%. During the day, the stock rose to $17.21 and sunk to $16.39 before settling in for the price of $17.02 at the close. $20.84 View dividend history, insider trades and ASX analyst consensus. What is (RAX)'s official website? Price/Earnings: Latest closing price divided by the earnings-per-share based on the trailing 12 months. Revenuesreflect Multicloud Services increase of 16% to $1.57B, Apps& Cross Platform increase of 3% to $245.3M. Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks, John Hancock Disciplined Value Mid Cap Fund, 1 Fanatical Place City Of Windcrest, SAN ANTONIO, 78218, United States, Rackspace Technology Achieves AWS Travel and Hospitality Competency Status, Rackspace Technology Among the First to Support the Launch of Professional Services in AWS Marketplace, Announces New Professional Services & Solutions at AWS re:Invent 2020, Rackspace Technology Named a Leader in Multicloud Managed Services Providers by Independent Research Firm. Here are the trading details for Rackspace Technology Inc: Based on an overall assessment of its quality, value and momentum, Rackspace Technology Inc is currently classified as a Style Neutral. Shares in Rackspace Technology Inc are currently priced at $20.84. Rackspace Email Rackspace Email Plus Add Archiving; Plan: Secure email for Outlook, Webmail or Mobile users: Add File Storage, ActiveSync, Office-compatible apps & IM: Our Plus package with unlimited storage for archived email: Price: $2.99 user/month Begin Free … As of Nov 30. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. RAX Stock Price Today - Find Rackspace Technical Analysis, Quote / Share Price, Trading and Investment Advice, News, Stock charts, Price history and more with Stock Traders Daily At the current price of $20.84, shares in Rackspace Technology Inc are trading at 16.5% against their 200 day moving average. The Rackspace IPO offered 33.5 million shares at $21, the low end of its price range of $21 to $24. As of One share of RXT stock can currently be purchased for approximately $18.57. : For the nine months ended 30 September 2020,Rackspace Technology, Inc. revenues increased 10% to$1.99B. Latest stock price today and the US's most active stock market forums. Rackspace today markets itself in part as a technology provider able to help businesses make use of cloud-computing services from AWS, Microsoft Corp. and Alphabet Inc.’s Google. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. All rights reserved. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives. Rackspace soared 19% on Monday after a report from Reuters said that Amazon is eyeing a minority stake in the cloud services provider. Rackspace can help you get set up, and we're there whenever you need us - 24x7x365. Factset: FactSet Research Systems Inc.2019. Rackspace Technology, Inc. (RXT Quick Quote RXT - Free Report) was a big mover last session, as the company saw its shares rise nearly 10% on … The Multi cloud Services segment includes public and private cloud managed services offerings, as well as professional services related to designing and building multi cloud solutions and cloud-native applications. That puts the share price near its 52-week low of $38.30 per share. Size … Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. "The number of shares to be offered and the price range for the proposed offering have not yet been determined." Why Rackspace … Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. $20.84, giving the company a market capitalisation of Morningstar: © 2019 Morningstar, Inc. All Rights Reserved. Most stock quote data provided by BATS. Rackspace market cap is $3.8 b, and annual revenue was $2 b in FY 2015. View Rackspace stock / share price, financial statements, key ratios and more at Craft. ET by Tomi Kilgore Amazon in talks to invest in cloud-services company Rackspace: report The company had aimed to price the shares as high as $24 each. Today; Browse; Screens; Folios; Discuss; Learn; Browse Shares Technology Software & IT Services. Quickly estimate your monthly cloud server cost based your cloud platform and service level needs. are trading at All - Get the latest stock market news, stock information and charts, data analysis reports, as well as a general overview of the market landscape from London Stock Exchange. You can read more about the power of momentum in assessing share price movements on Stockopedia. On Wednesday, Rackspace reported 19 cents earnings per share (EPS). To buy shares in Rackspace Technology Inc you'll need a share-dealing account with an online or offline stock broker. This share price information is delayed by 15 minutes. Sector Technology RiskRating. (FYI: Rackspace used to be trade on the New York Exchange as RAX). All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Enables to run applications on a public cloud that is built on open-source technology. What is Rackspace Technology's stock price today? The stock was trading at $16.59 at 1:16 p.m. Real time Rackspace Hosting (RAX) stock price quote, stock graph, news & analysis ... Thursday's buyout rumors got some more meat on their bones today. Rackspace Technology started at buy with $26 stock price target at Deutsche Bank Aug. 31, 2020 at 6:44 a.m. CNN Sans™ & © 2016 Cable News Network. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Rackspace Technology Inc. (NASDAQ: RXT) flaunted slowness of -3.29% at $16.46, as the Stock market unbolted on November 13, 2020. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. Shares in Rackspace Technology Inc are currently priced at $17.96. Rackspace Technology Inc. 17.96. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. One share of RAX stock can currently be purchased for approximately $31.99. Company profile page for Rackspace Ltd including stock price, company news, press releases, executives, board members, and contact information Higher net lossreflects Gain (loss) on investments, net decrease of 99% to$900K (income), Gain (loss) on extinguishment of debtincrease from $9.5M (income) to $37M (expense). 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