Rackspace Technology (NASDAQ:RXT) Releases Q1 2025 Earnings Guidance

Rackspace Technology (NASDAQ:RXT) issued an update on its first quarter 2025 earnings guidance on Thursday morning. The company provided EPS guidance of -0.090–0.070 for the period, compared to the consensus EPS estimate of -0.080. The company issued revenue guidance of $653.0 million-$665.0 million, compared to the consensus revenue estimate of $659.6 million.

Wall Street Analysts Forecast Growth

Separately, Barclays increased their price objective on shares of Rackspace Technology from $1.00 to $2.00 and gave the company an “underweight” rating in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $2.47.

Rackspace Technology Stock Down 0.7 %

Shares of Rackspace Technology stock traded down $0.02 on Thursday, reaching $2.88. The stock had a trading volume of 832,203 shares, compared to its average volume of 812,482. The stock has a market capitalization of $655.40 million, a P/E ratio of -0.83 and a beta of 2.04. Rackspace Technology has a 1 year low of $1.45 and a 1 year high of $3.41. The company has a 50 day moving average price of $2.50 and a 200 day moving average price of $2.48.

Rackspace Technology (NASDAQ:RXT) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. On average, analysts forecast that Rackspace Technology will post -0.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Amar Maletira sold 55,461 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $2.54, for a total transaction of $140,870.94. Following the transaction, the chief executive officer now directly owns 4,928,523 shares of the company’s stock, valued at $12,518,448.42. This represents a 1.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark A. Marino sold 14,458 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $2.34, for a total transaction of $33,831.72. Following the completion of the sale, the chief financial officer now owns 1,915,356 shares in the company, valued at $4,481,933.04. This represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 209,322 shares of company stock valued at $542,829 over the last 90 days. 2.00% of the stock is owned by company insiders.

About Rackspace Technology

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.