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Rackspace Technology Inc - RXT STOCK NEWS

Welcome to our dedicated news page for Rackspace Technology (Ticker: RXT), a resource for investors and traders seeking the latest updates and insights on Rackspace Technology.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Rackspace Technology's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Rackspace Technology's position in the market.

News
Rackspace Technology to Announce First Quarter 2024 Earnings May 9, 2024
Rhea-AI Summary
Rackspace Technology, a leading hybrid multicloud and AI solutions company, will announce its first quarter 2024 financial results on May 9, 2024. The CEO and CFO will host a conference call to discuss the results. Interested parties can access the webcast or dial-in for the call through the provided links.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.07%
Tags
earnings
-
News
Foundry for AI by Rackspace (FAIR) Partners with OhioX to Drive Responsible AI Adoption in Ohio
Rhea-AI Summary
Rackspace Technology partners with OhioX to accelerate responsible AI adoption in Ohio. FAIR collaborates with OhioX to promote ethical AI practices, foster innovation, and drive economic growth in the state. The partnership includes exclusive events and discussions to advance AI adoption in Ohio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.82%
Tags
partnership AI
-
News
Rackspace Technology Announces Final Results of the Exchange Offer Relating to its 3.50% First-Priority Senior Secured Notes due 2028
Rhea-AI Summary
Rackspace Technology announces the final results of the exchange offer for its 3.50% First-Priority Senior Secured Notes due 2028. The offer involved exchanging Existing Secured Notes for new Exchange Notes and canceling certain notes for cash. The New Issuer received $138,427,000 in aggregate principal amount of Existing Secured Notes, representing 75.9% of the total outstanding notes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.19%
Tags
none
News
GLP Works with Foundry for AI by Rackspace (FAIR) Experts to Integrate Microsoft Azure OpenAI Service to Drive Innovative Asset Management Strategies
Rhea-AI Summary
Rackspace Technology collaborates with GLP and Microsoft to integrate Generative AI chatbot with Enterprise Data Lake for actionable business insights. GLP leverages FAIR™ and Azure OpenAI Service to enhance data-driven asset management strategies, streamlining workflows and improving customized analysis. The partnership accelerates secure adoption of Generative AI solutions, enabling GLP to engage better with data for fund management, ESG metrics, and more.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.92%
Tags
AI
-
News
Rackspace Technology Participates in Google Cloud Next as a Signature Sponsor to Showcase the Company's Google Cloud Offerings and Partnerships
Rhea-AI Summary
Rackspace Technology (RXT) to showcase cutting-edge Generative AI Services and Solutions on Rackspace FAIR Practice at Google Cloud Next event. The event aims to bring together developers, IT professionals, and CXOs for immersive learning and networking opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.49%
Tags
partnership
-
News
Rackspace Technology Announces Increase to Late Exchange Consideration for Exchange Offer Relating to its 3.50% First-Priority Senior Secured Notes due 2028
Rhea-AI Summary
Rackspace Technology announces amendments to its offer of new senior secured first lien first out term loans and exchange of existing secured notes, with updated terms and conditions and increased late exchange consideration, aiming at eligible holders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.53%
Tags
none
News
Rackspace Technology Announces Early Tender Results of the Exchange Offer Relating to its 3.50% First-Priority Senior Secured Notes due 2028
Rhea-AI Summary
Rackspace Technology (RXT) announces early tender results for the Exchange Offer of its Senior Secured Notes due 2028, with $133,271,000 tendered by eligible holders. The Exchange Offer includes new 3.50% FLSO Senior Secured Notes due 2028 and cash consideration. Participating holders may also fund new senior secured first lien first out term loans. The Exchange Offer expires on April 11, 2024, with settlement expected on April 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.53%
Tags
none
-
News
Rackspace Technology Launches Rackspace UK Sovereign Services for Secure, Cost-Effective Workloads in the UK Public Sector and Regulated Services
Rhea-AI Summary
Rackspace Technology (RXT) launches Rackspace UK Sovereign Services, providing digitally sovereign cloud services for the UK public sector and regulated industries. The offering prioritizes data security, regulatory compliance, and cost-effective solutions, with dedicated compute and storage 'Pods' for each customer sector. The platform is designed for secure workloads accredited for UK Official or NHS England Class V risk data, in partnership with BT for secure communication services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.76%
Tags
none
-
News
AI Transitioning from Ideation to Industrialization for Critical Business Operations, According to New Rackspace Technology FAIR 2024 AI Research
Rhea-AI Summary
A recent AI research report sponsored by AWS and commissioned by Rackspace Technology reveals that over 60% of participants have advanced their AI strategies beyond ideation and proof-of-concept stages. Companies are rapidly integrating AI into their operations, with 29% fully integrating AI for employee productivity and 33% in early development stages. The study also shows a significant increase in AI investments, with companies expecting to double their budgets in 2024 compared to 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.99%
Tags
AI
News
Rackspace Technology Introduces Rackspace SPOT, Cloud Infrastructure Auctioned in a Real-time Open Market and Delivered as Turnkey, Fully Managed Kubernetes Clusters
Rhea-AI Summary
Rackspace Technology introduces Rackspace SPOT, the world’s only open market auction for cloud servers, offering cost-effective cloud infrastructure solutions for small to medium enterprises, startups, and developers. With high-availability Kubernetes clusters and dynamic pricing, organizations can scale resources as needed and obtain cloud infrastructure at the best price.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.85%
Tags
none
Stock RXT logo
Rackspace Technology Inc

Nasdaq:RXT

RXT Rankings

#3199 Ranked by Market Cap
#5274 Ranked by Stock Gains
N/A Ranked by Dividends

RXT Stock Data

366.99M
64.74M
4%
90.53%
2.96%
Software - Infrastructure
Technology
Link
US
San Antonio

About RXT

rackspace, the #1 managed cloud company, helps businesses tap the power of cloud computing without the challenge and expense of managing complex it infrastructure and application platforms on their own. rackspace engineers deliver specialized expertise on top of leading technologies developed by openstack, microsoft, vmware and others, through a results-obsessed service known as fanatical support®. we have more than 300,000 customers worldwide, including two-thirds of the fortune 100. rackspace was named a leader in the 2015 gartner magic quadrant for cloud-enabled managed hosting, and has been honored as one of fortune’s best companies to work for in six of the past eight years. learn more at www.rackspace.com.