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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 Announces Launch of Exchange Offer Relating to its 3.50% First-Priority Senior Secured Notes due 2028
Rhea-AI Summary
Rackspace Technology announces offers to exchange and purchase certain existing secured notes, along with funding offers for new senior secured first lien term loans. The exchange offer includes considerations for early and late participation, with details on interest payments and settlement dates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.05%
Tags
none
-
News
Rackspace Technology Announces Refinancing Transactions, Significantly Reducing Debt and Securing New Money Investment
Rhea-AI Summary
Rackspace Technology (RXT) has successfully closed a private debt exchange with creditors, reducing net debt by $375 million and receiving $275 million in new funding. The company plans to launch a public debt exchange offer to further reduce debt by $600 million, lowering annual interest expenses by $13 million. This strategic move aims to strengthen Rackspace's financial position and enhance its ability to provide industry-leading hybrid, multicloud, and AI solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-19.23%
Tags
none
-
News
Rackspace Technology Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Rackspace Technology, Inc. announced fourth-quarter revenue of $720 million, down 9% year-over-year, with 2023 revenue at $2,957 million, down 5% year-over-year. The company saw a decrease in revenue across private and public cloud segments. Amar Maletira, CEO, highlighted successful debt refinancing and net financial debt reduction of over $900 million. The company's financial outlook for Q1 2024 includes revenue guidance of $680-$690 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-19.23%
Tags
earnings
News
Rackspace Technology Participates in Cloud Nirvana Spring 2024 Conference on Designing, Implementing and Executing Enterprise Hybrid and Multicloud Strategies
Rhea-AI Summary
Rackspace Technology (RXT) announces participation in Cloud Nirvana 2024 conference series focusing on hybrid and multicloud strategies, AI applications, security, compliance, and cloud adoption insights. The conference aims to explore cloud agnosticism, navigate challenges, and share best practices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.45%
Tags
none
-
News
Rackspace Technology to Announce Fourth Quarter and Full Year 2023 Earnings on March 12, 2024
Rhea-AI Summary
Rackspace Technology (RXT) to announce Q4 and full year 2023 financial results on March 12, 2024. Conference call hosted by CEO and CFO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.1%
Tags
earnings
-
News
Rackspace Technology Achieves the AWS Generative AI Competency
Rhea-AI Summary
Rackspace Technology achieves AWS Generative AI Competency in Consulting Services, Applications, and Infrastructure, showcasing technical proficiency and customer success. The designation differentiates Rackspace as a key AWS Partner in driving generative AI technologies for knowledge management, semantic search, and content creation, enabling digital transformation and enhanced customer experiences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.55%
Tags
AI
News
Rackspace Technology Participates in ViVE 2024 to Discuss Healthcare Technology Interoperability and Revolutionizing Digital Health Strategies
Rhea-AI Summary
Rackspace Technology (RXT) announces participation in ViVE 2024, a digital health event focusing on healthcare business. The company highlights its solutions for over 2,500 healthcare organizations, emphasizing trust in their expertise. Rackspace Healthcare Solutions aims to improve patient outcomes, reduce costs, and enhance data-driven decision-making. The PR also mentions a session on interoperability moderated by Rackspace's Senior Client Partner.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.03%
Tags
none
-
News
Foundry for AI by Rackspace Launches a Two-step Flight Plan for Copilot for Microsoft 365
Rhea-AI Summary
Rackspace Technology launches FAIR for AI, offering a two-step flight plan for Copilot for Microsoft 365. The initiative aims to streamline tasks, boost productivity, and ensure data security and governance, catering to organizations of all sizes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.52%
Tags
AI
-
News
Rackspace Technology Appoints Experienced and Seasoned Executive Mark Gross to Board of Directors
Rhea-AI Summary
Rackspace Technology (NASDAQ: RXT) appoints Mark Gross to its Board of Directors, succeeding Thomas Cole. Gross brings over 25 years of business experience and financial expertise, having served in leadership roles at various companies. The appointment aims to solidify Rackspace's market position as a leading hybrid multicloud solutions company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
management
News
Rackspace Technology Releases Commitment to Sustainability Report
Rhea-AI Summary
Rackspace Technology (RXT) announced its Sustainability Report, highlighting progress made in the 2023 fiscal year towards its social and environmental sustainability goals. The report includes milestones such as the promotion of Srini Koushik to President AI, Technology, and Sustainability, industry recognition for sustainability efforts, and a significant reduction in the company's carbon footprint. The company also emphasized its dedication to customer engagement and community involvement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.11%
Tags
none
Stock RXT logo
Rackspace Technology Inc

Nasdaq:RXT

RXT Rankings

#3263 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.