Rackspace Technology, Inc. Common Stock (RXT)
Rackspace Technology, Inc. (RXT) is a cloud computing and managed hosting company that provides a range of IT services, including cloud migration, application management, cybersecurity, and data-driven solutions. Founded in 1998, the company specializes in helping businesses deploy, manage, and optimize their cloud infrastructure across platforms such as AWS, Azure, Google Cloud, and others. Rackspace aims to deliver scalable, flexible technology services to support digital transformation and improve operational efficiency for its clients.
Company News
HMG Strategy is hosting its 18th Annual Greenwich C-Level Technology Leadership Summit on October 16, featuring top technology executives discussing innovation, cybersecurity, AI, and digital transformation strategies.
Wall Street is seeing a day of gains as all major indices traded in the green around noon in New York, driven by a surprising uptick in unemployment claims prompting speculation over Federal Reserve interest rate cuts. Jobless benefits rose from 209,000 to 231,000 in the week ending May 4, surpassing market expectations of 210,000 and reaching th...
Rackspace (RXT) delivered earnings and revenue surprises of 25% and 1.08%, respectively, for the quarter ended December 2023. Do the numbers hold clues to what lies ahead for the stock?
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