RXT News and Press, Rackspace Technology Inc. From 01/24/23

Summary There are strong secular trends supporting Rackspace Technology's long-term growth. RXT's strong customer relationship leads to efficient GTM model. I believe it is better to wait for more information on RXT strategic initiatives in 4Q22 earnings before investing. ...

SAN ANTONIO, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT) — a leading end-to-end, multicloud technology solutions company, today announced the launch of Rackspace Technology Software-Defined Data Center (SDDC) Rackspace SDDC Ent...

SAN ANTONIO, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT) — a leading end-to-end, multicloud technology solutions company, today announced an expanded, long-term strategic partnership with Google Cloud with a focus on helping customers acceler...

SAN ANTONIO, Jan. 16, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT) — a leading end-to-end, multicloud technology solutions company, today announced the appointment of Brian Lillie as President of Private Cloud business unit, effective January 23, 2023. Lil...

SAN ANTONIO, Texas, Jan. 16, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT) — a leading end-to-end, multicloud technology solutions company, today announced the launch of Rackspace Technology Modern Operations, a new managed service offering for public c...

Summary Rackspace Technology went public in August 2020, raising around $704 million in an IPO. The firm provides a range of cloud infrastructure capabilities to organizations worldwide. RXT has restructured its operations but faces lower economic activity, slower sales cycles and a...

Summary Floating-rate fixed-income securities should hold their value better than traditional bonds during periods of rising interest rates. Nuveen Floating Rate Income Fund invests primarily in a portfolio of these securities, so it should be a reasonably good choice for income in toda...

Summary Execution has been an issue for Rackspace for some time; it needs to show investors it can improve in that area. The challenge for the company is, with macroeconomic headwinds it could lead to longer sales cycles which means confirmation of improved execution will take some time...

SAN ANTONIO, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT) today issued an update following the recent ransomware incident affecting its Hosted Exchange email business, a managed email solution provided to small and medium businesses. Following the discov...

SAN ANTONIO, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT) today announced a ransomware incident affecting its Hosted Exchange environment, which is causing service disruptions for the company’s Hosted Exchange customers. Alongside the Rackspace Te...