Rackspace Technology (NASDAQ:RXT – Get Free Report) updated its third quarter 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of -0.080–0.060 for the period, compared to the consensus estimate of -0.070. The company issued revenue guidance of $668.0 million-$680.0 million, compared to the consensus revenue estimate of $672.0 million.
Rackspace Technology Stock Up 0.4 %
NASDAQ RXT opened at $2.25 on Monday. Rackspace Technology has a 52 week low of $1.15 and a 52 week high of $3.18. The business’s fifty day simple moving average is $2.48 and its 200-day simple moving average is $2.04. The firm has a market cap of $503.66 million, a PE ratio of -0.57 and a beta of 1.98.
Rackspace Technology (NASDAQ:RXT – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.03. The company had revenue of $684.90 million during the quarter, compared to analysts’ expectations of $669.10 million. Research analysts expect that Rackspace Technology will post -0.38 EPS for the current year.
Insider Transactions at Rackspace Technology
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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