RXT News and Press, Rackspace Technology Inc. From 03/07/22

ValueAct’s 13F portfolio value increased from $8.63B to $8.87B this quarter. ValueAct increased Fiserv while reducing Seagate Technology and Trinity Industries. The top three positions are Seagate Technology, KKR, and Fiserv and they add up to ~54% of the portfolio. F...

Data Center REITs - a perennial performance leader in the REIT sector - are in "bear market" territory for the third time this decade as technology stocks have lost their luster this year. Data center demand and fundamentals remain resilient and were remarkably unaffected by the pande...

SAN ANTONIO, March 03, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced achieving Snowflake's Premier Partnership Level. Snowflake, the Data Cloud company, has chosen Rackspace ...

Rackspace Technology (RXT +2.6%) has announced a share repurchase program to buyback up to $75M of its common stock. The authorization is effective immediately and will expire on September 30, 2023. Rackspace shares fell ~13% on Feb. 23 after concerns over margins and free cash flow...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Almost one week after Russia officially launched its invasion of Ukraine, countries across the globe are rethinking their military strategies. For some, that means strategically reimagining how they prepare for conflict. Tw...

SAN ANTONIO, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company is extending its Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) with an additional multi-year joint investm...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Rackspace (NASDAQ: RXT ) stock is heading lower on Wednesday following the release of its earnings report for the fourth quarter of 2021. Source: Blackboard / Shutterstock The data from the earnings report pul...

Wednesday's midday trading was heavily influenced by corporate results, with Beauty Health Company (NASDAQ:SKIN) and Overstock.com (NASDAQ:OSTK) both soaring at least 20% following the release of their respective quarterly updates. Earnings news also spurred buying interest in MercadoLibre (N...

Rackspace Technologies (NASDAQ:RXT) shares plunged in premarket trading and hit a new 52-week low after the cloud computing company posted fourth-quarter results that topped expectations, but concerns over margins and free cash flow prompted multiple analysts to downgrade the stock. BMO Capit...

The following slide deck was published by Rackspace Technology, Inc. in conjunction with their 2021 Q4 earnings call. For further details see: Rackspace Technology, Inc. 2021 Q4 - Results - Earnings Call Presentation