Rackspace Technology Inc

Rackspace Technology Inc

RXT · NASDAQ · Technology / Software - Infrastructure

2.92USD-0.09 (-2.99%)

Price History

Full chart

Market Stats

Previous Close3.01
Open3.01
Day Range2.72 – 3.01
52-Week Range0.393 – 8.60
Volume5.05M
Market Cap1.01B
P/E (TTM)0.00
Forward P/E13.09
EPS-0.65
Dividend Yield0.00%
Beta3.06
50-Day Avg3.85
200-Day Avg2.91

About

Rackspace Technology, Inc. operates as a hybrid cloud and artificial intelligence solutions company in the United States, the United Kingdom, and internationally. It operates through two segments, Public Cloud and Private Cloud. The company offers programmatic infrastructure, including hardware and services for datacenter compute, network, storage, and data protection; cloud operating systems; platform-as-a-service; private cloud solutions; and private cloud services, such as managed, professional, elastic engineering, and security services, as well as an email platform for customers and carriers. It also provides a cloud platform that offers platform-related services, including cloud strategy and architecture, platform and infrastructure migrations, and modern cloud infrastructure; cloud apps that build and manage applications within a cloud technology stack; and cloud data, which helps accelerate the adoption of modern data solutions enabling business transformation. In addition, the company offers cloud security that provides security solutions in security threat assessment and prevention; proactive threat detection and response; rapid remediation; governance, risk, and compliance assistance across multiple cloud platforms; and privacy and data protection services, including detailed access restrictions and reporting. Further, it provides Rackspace AI, a portfolio of AI services and solutions to help organizations scale AI, as well as multi-cloud strategy, data and application modernization, cloud adoption, cloud-native enablement, SaaS lifecycle management, and data management services. The company serves the financial services, government, healthcare, manufacturing, non-profit, education, SaaS and ISV, consumer goods, oil and gas, and other industries. The company was formerly known as Rackspace Corp. and changed its name to Rackspace Technology, Inc. in June 2020. Rackspace Technology, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.

Company Details

  • SectorTechnology
  • IndustrySoftware - Infrastructure
  • CEOMr. Gajakarnan Vibushanan Kandiah
  • Employees5.00K
  • Headquarters19122 US Highway 281 N., San Antonio, TX, United States, 78258-7667, USA
  • Websitehttps://www.rackspace.com

Leadership

  • Mr. Gajakarnan Vibushanan KandiahCEO & Director · b. 1968
  • Mr. Mark A. MarinoExecutive VP & CFO · b. 1977

Financials

Income Statement

Currency: USD2017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue2.14B2.45B2.44B2.71B3.01B3.12B2.96B2.74B2.69B
Growth (%)-+14.37%-0.60%+11.03%+11.17%+3.75%-5.29%-7.44%-1.88%
Cost of Revenue1.35B1.45B1.43B1.72B2.07B2.27B2.31B2.20B2.33B
Gross Profit790.60M1.01B1.01B984.40M936.80M856.90M648.60M533.40M359.50M
Gross Margin36.86%41.06%41.47%36.36%31.13%27.44%21.93%19.49%13.39%
Operating Expense908.20M936.60M909.60M959.70M939.30M1.54B1.55B1.44B427.90M
Operating Income-117.60M70.50M101.60M24.70M-2.50M-679.00M-899.40M-909.10M-68.40M
Operating Margin-5.48%2.87%4.17%0.91%-0.08%-21.75%-30.41%-33.21%-2.55%
EBITDA629.80M393.40M774.10M479.10M446.70M-241.70M-149.90M-420.50M288.30M
EBITDA Margin29.37%16.04%31.75%17.70%14.84%-7.74%-5.07%-15.36%10.73%
Net Income-59.90M-470.60M-102.30M-245.80M-218.30M-804.80M-837.80M-858.20M-225.80M
Net Income Margin-2.79%-19.19%-4.20%-9.08%-7.25%-25.78%-28.33%-31.35%-8.41%
R&D92.90M74.70M56.00M36.70M28.30M24.50M43.70M-39.10M
R&D as % of Total Revenue4.33%3.05%2.30%1.36%0.94%0.78%1.48%-1.46%
Interest Expense223.40M281.10M329.90M268.40M205.10M208.50M221.60M98.00M127.50M
Interest Expense % of Total Revenue10.42%11.46%13.53%9.91%6.82%6.68%7.49%3.58%4.75%

Balance Sheet

Currency: USD2017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-6.11B6.27B6.38B6.33B5.46B4.10B3.05B2.80B
Total Liabilities-5.20B5.37B4.99B5.00B4.83B4.25B4.06B4.02B
Total Equity-907.80M898.80M1.38B1.33B629.50M-154.50M-1.00B-1.22B
Cash-254.30M83.80M104.70M272.80M228.40M196.80M144.00M105.80M
Total Debt-4.30B4.32B3.99B3.97B3.85B3.38B3.28B3.28B
Net Debt-4.04B4.24B3.89B3.69B3.62B3.18B3.14B3.18B

Cash Flow

Currency: USD2017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow291.70M429.80M292.90M116.70M370.80M259.30M374.90M39.90M151.40M
Investing Cash Flow-1.23B-348.30M-386.50M-128.40M-69.00M-97.90M-96.00M-86.60M-58.40M
Financing Cash Flow867.50M-53.70M-79.20M29.90M-132.20M-187.00M-312.80M-3.00M-134.60M
Capital Expenditure189.50M294.30M198.00M116.50M108.40M80.40M96.90M111.10M60.80M
Free Cash Flow102.20M135.50M94.90M200.00K262.40M178.90M278.00M-71.20M90.60M
Dividends Paid---912.00M-3.70M1.00M--
FCF to OCF35.04%31.53%32.40%0.17%70.77%68.99%74.15%-178.45%59.84%
Dividend Paid to FCF---456000.00%-2.07%0.36%--

Earnings

Report DateJun 3, 2020Aug 31, 2020Nov 10, 2020Feb 18, 2021May 10, 2021Aug 11, 2021Nov 15, 2021Feb 22, 2022May 10, 2022Aug 9, 2022Nov 9, 2022Feb 22, 2023May 9, 2023Aug 8, 2023Nov 7, 2023Mar 12, 2024May 15, 2024Aug 8, 2024Nov 12, 2024Feb 20, 2025May 8, 2025Aug 7, 2025Nov 6, 2025Feb 26, 2026May 7, 2026Aug 10, 2026Nov 5, 2026
EPS Estimate0.150.160.180.230.210.220.240.240.210.160.090.05-0.03-0.08-0.05-0.04-0.13-0.11-0.07-0.04-0.08-0.05-0.05-0.04-0.03-0.10-0.08
EPS Actual0.160.210.190.260.230.240.250.250.220.170.100.06-0.02-0.06-0.04-0.03-0.11-0.08-0.04-0.02-0.06-0.06-0.05-0.01-0.06-0.08-
Surprise6.67%31.25%5.56%13.04%9.52%9.09%4.17%4.17%4.76%6.25%11.11%20.00%33.33%25.00%20.00%25.00%15.38%27.27%42.86%50.00%25.00%-20.00%0.00%75.00%-100.00%20.00%-
Timing-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-Pre-marketAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap1.01B
Enterprise Value4.20B
Trailing P/E0.00
Forward P/E13.09
PEG Ratio4.93
Price / Sales0.37
Price / Book0.81
EPS-0.65
Book Value-5.09
Revenue (TTM)2.70B
Gross Profit (TTM)501.30M
EBITDA247.80M
Profit Margin-5.88%
Operating Margin-2.13%
Return on Equity-352.76%
Return on Assets-0.96%
Shares Outstanding254.87M
Shares Float107.11M
Beta3.06
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Hold
Based on 6 analystsTarget 4.77
  • Buy
    1
  • Hold
    4
  • Sell
    1

Ownership Breakdown

Institutions
80.88%
Insiders
2.96%
Retail / Other
16.16%

Top Institutional Holders

  • Apollo Management Holdings LP
    129.61M50.85%
  • Voss Capital LLC
    7.59M2.98%
  • BlackRock Inc
    7.53M2.95%
  • Vanguard Capital Management, LLC
    4.62M1.81%
  • AQR Capital Management LLC
    4.54M1.78%
  • Two Sigma Investments LLC
    3.84M1.50%
  • Marathon Asset Management LLC
    3.62M1.42%
  • HHG PLC
    2.94M1.15%
  • Arete Wealth Advisors, LLC
    2.84M1.11%
  • Vanguard Portfolio Management, LLC
    2.54M1.00%
  • Geode Capital Management, LLC
    2.45M0.96%
  • Millennium Management LLC
    2.34M0.92%
  • Renaissance Technologies Corp
    2.04M0.80%
  • Jane Street Group LLC
    2.02M0.79%
  • State Street Corp
    1.86M0.73%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    3.20M1.25%
  • iShares Russell 2000 ETF
    2.46M0.96%
  • Vanguard Information Technology ETF
    2.08M0.82%
  • Fidelity Small Cap Index
    997.86K0.39%
  • AB Global High Yield I USD
    983.49K0.39%

Stock Splits

  • Jul 20, 20201:12