Rackspace Technology, Inc. (RXT)

Rackspace Technology's stock has experienced a significant decline over the past year. On November 6, 2025, following the earnings report, RXT shares declined by 5.8%. In December 2025, the stock experienced mixed to negative reactions despite positive news regarding industry recognition. In February 2026, the stock reached a new 52-week low of $0.41. In the past three months, Rackspace Technology insiders have sold more company stock than they have bought.

Rackspace Technology's revenue can be impacted by seasonality. Management's guidance for Q2 2025 suggested a sequential decline in revenue from Q1 2025, which was attributed to seasonality and a cautious outlook on infrastructure resale trends.

Rackspace Technology, Inc. is a global leader in end-to-end hybrid multicloud and AI solutions, offering managed hosting, professional services, and cloud-native application development. The company operates within the cloud and artificial intelligence solutions sector and is segmented into Multicloud Services and Apps & Cross Platform. Multicloud Services encompass managed public and private cloud hosting across platforms such as AWS, Azure, and Google Cloud, including professional services for designing and building multicloud solutions and cloud-native applications. Apps & Cross Platform includes managed applications, security solutions, and data services covering areas like database modernization, data migration, business intelligence, anomaly detection, computer vision, conversational AI, and intelligent document processing. Rackspace Technology emphasizes secure, scalable workloads across private, public, and hybrid environments, serving industries including healthcare, finance, and government.

Rackspace Technology, Inc. has a significant global presence, operating across the Americas, Europe, the Middle East, Africa, Asia Pacific, and Australia. The company's data centers are strategically located in key cities worldwide, including Virginia, Chicago, Dallas, London, Frankfurt, Hong Kong, and Sydney. Other office locations include Reston, Virginia, as well as in Canada, India, Dubai, Switzerland, the Netherlands, Germany, Singapore, Mexico, and Toronto.

In the past year, Rackspace Technology has received positive recognition for its cloud and AI solutions. In December 2025, Rackspace Technology was recognized as a leader in three quadrants of the 2025 ISG Provider Lens™ Multi Public Cloud Services Report for the U.S. The company received the 2025 AWS Collaboration Partner of the Year award for its partnership with MontyCloud. Rackspace also announced a Google Cloud migration partnership with Niterra. Rackspace Technology aims to deliver a "Fanatical Experience™" to its customers and has been named a best place to work by Newsweek and Forbes.

Rackspace Technology, Inc. has a significant portion of its shares held by institutional investors, which hold 69.30% of the total shares outstanding. Individual investors own 23% of the company. Insiders hold 2.90% of the stock.