Rackspace Technology (NASDAQ:RXT – Get Free Report) will be issuing its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
Rackspace Technology (NASDAQ:RXT – Get Free Report) last issued its earnings results on Wednesday, May 15th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.02. The business had revenue of $690.80 million for the quarter, compared to the consensus estimate of $684.21 million. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. The business’s revenue was down 8.9% compared to the same quarter last year. On average, analysts expect Rackspace Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Rackspace Technology Price Performance
Shares of Rackspace Technology stock opened at $2.10 on Wednesday. The business has a fifty day simple moving average of $2.46 and a two-hundred day simple moving average of $2.04. Rackspace Technology has a 1 year low of $1.15 and a 1 year high of $3.18. The company has a market capitalization of $470.09 million, a price-to-earnings ratio of -0.53 and a beta of 1.98.
Insider Activity
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.
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