Quarterly Revenue: $652.7 million for the quarter ended March 31, 2020, compared to $606.9 million … Rackspace has 6,800 employees across 16 locations and $2 B in annual revenue in FY 2015. This has helped M1 Finance … Maximize the benefits of modern cloud. See insights on Rackspace including office locations, competitors, revenue, financials… Today, that discovery is still the heart of the Zacks Rank. As a reminder, all participants are in listen only mode and the conference is being recorded after the presentation. Sarah Baker - December 9, 2020. Rackspace Technology (RXT) saw a big move last session, as its shares jumped nearly 10% on the day, amid huge volumes. The move came on solid volume too with far … Rackspace Technology and M1 Finance Accelerate Fraud Detection. Search Financial Statements Rackspace Technology, Inc. (NASDAQ:RXT)’s beta value is holding at 0, while the average true range (ATR) indicator is presently reading 0.89. Current CFO Dustin Semach has resigned to take a new career opportunity. Rackspace Technology Chief Executive Officer Kevin Jones commented, “The third quarter represented continued strong execution and performance for Rackspace … 0. Net loss was $33 million in the second quarter of 2020, compared to net income of $63 million in the second quarter of 2019. Upgrade to remove this ad. Rackspace Technology™ is a leading end-to-end multicloud solutions expert. Bookings were $288 million in the second quarter of 2020, an increase of 107% as compared to Bookings of $139 million in the second quarter of 2019. The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. A wealth of resources for individual investors is available at www.zacks.com. LPL Financial LLC purchased a new stake in shares of Rackspace Technology, Inc. (NASDAQ:RXT) during the third quarter, Holdings Channel.com reports. Several other institutional investors and hedge funds have also modified their holdings of the company. Rackspace Technology (RXT) Surges: Stock Moves 9.6% Higher, Airbnb (ABNB) and DoorDash (DASH) IPOs: One Day Apart But Timing Is Completely Different, Coinbase to Support Spark Token Airdrop to XRP Holders, Markets Are Pricing for Next Year, BlackRock’s Watson Says, Investing Strategies: Top Tech Trends For 2021, China EV Stock Frenzy, Holding Long-Term Leaders, UBS's Weber Says `No Quick Fix' for Economy Post-Vaccine, #TradeTalks: #2021Outlook as stocks closed out a spectacular November and look to the new year, 3 Psychedelic Stocks to Invest In the Future of Medicine, 3 High-Flying Stocks that Should Move Higher, Aphria Expands Footprint for U.S. Growth; Analyst Says ‘Buy’, var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /(^[A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~][A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~\.]{0,62}@(([A-Z0-9](?:[A-Z0-9\-]{0,61}[A-Z0-9])?)(\.[A-Z0-9](?:[A-Z0-9\-]{0,61}[A-Z0-9])? This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $15.58 to $19.17 in the past one-month time frame. Earnings before Tax is likely to rise to about 182.1 M in 2020, whereas Net Income Per Employee is likely to drop slightly above 17.3 K in 2020. These symbols will be available throughout the site during your session. SAN ANTONIO – September 18, 2020 – Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced it brought expanded Amazon Web Services (AWS) capabilities to M1 Finance, a Chicago-based online financial services company. View, Sponsored content. Understanding current and past Rackspace Hosting Financials, including the trends in, Earnings Before Interest Taxes and Depreciation Amortization EBITDA, Earnings Before Interest Taxes and Depreciation Amortization USD, Net Current Assets as percentage of Total Assets, Net Cash Flow or Change in Cash and Cash Equivalents, Net Cash Flow Business Acquisitions and Disposals, Selling General and Administrative Expense, Comparative valuation techniques use various fundamental indicators to help in determining Rackspace Hosting's current stock value. Today, you can download 7 Best Stocks for the Next 30 Days. With Rackspace Technology as your single partner, you gain access to professional managed services that guide you through your ongoing transformation. Rackspace Hosting reported Average Assets of 1.64 Billion in 2019. The Investor Relations website contains information about Rackspace Technology, Inc.'s business for stockholders, potential investors, and financial analysts. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. Rackspace Hosting Average Assets are fairly stable at the moment as compared to the past year. Summary: Rackspace helped move UK-based Plus500’s environment over to Google Cloud Platform. Zacks Investment Research. )+)$)/i, failureMessage: "A valid email address is required"});field1.add(Validate.Format, {pattern: /\.\.|\. @/i, failureMessage: "A valid email address is required", negate: "true"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom5 = document.querySelector('#form1783 #field5');var field5 = new LiveValidation(dom5, {validMessage: "", onlyOnBlur: false, wait: 300});field5.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. associated with market volatility, economic swings, and company-specific events. It could become the mother of all technological revolutions. Rackspace Hosting Average Assets are fairly stable at the moment as compared to the past year. Rackspace Technology, Inc. RXT was a big mover last session, as the company saw its shares rise nearly 10% on the day. Considering analysts have assigned the stock a price target range of $24-$33 as the low and high respectively, we find the trailing 12-month average consensus price target to be $26.56. In the 12 months ended September 30, 2020, we generated $2.6 billion in revenue, more than 95% of which is recurring. August 17, 2020, 8:38 AM. 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They need help tackling the challenges of migrating to and leveraging cloud-based infrastructures, managing existing IT assets, evolving their microservices architectures, improving their DevOps agility and monetizing APIs — and they need to deliver all of this, while reducing IT expense. SAN ANTONIO, Aug. 13, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology Global, Inc. (NASDAQ: RXT) (the “Company”) today announced that it will release its second quarter 2020 financial results after the market closes on Monday, August 31, 2020. Plus500 is an online securities trading platform with over 3m trades a month. node.dataset.value : node.getAttribute('data-value'); if (selectedValue) { for (var j = 0; j < node.options.length; j++) { if(node.options[j].value === selectedValue) { node.options[j].selected = 'selected';break;}}}}}, TeleTech Holdings, Inc. (TTEC): Free Stock Analysis Report, Rackspace Technology, Inc. (RXT): Free Stock Analysis Report. SAN ANTONIO, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end multicloud technology solutions company, today announced results for its third quarter ended September 30, 2020. 0. Yahoo Finance's On The Move panel discusses. You can see the complete list of today’s Zacks #1 Rank stocks here. To read this article on Zacks.com click here. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.Rackspace Technology currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%. Enter up to 25 symbols separated by spaces. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Rackspace Technology, Inc. price | Rackspace Technology, Inc. Quote. The Investor Relations website contains information about Rackspace Technology, Inc.'s business for stockholders, potential investors, and financial analysts. Rackspace Technology, Inc. (RXT) Q3 2020 Earnings Call Transcript Motley Fool Transcribing | Nov 10, 2020 RXT earnings call for the period ending September 30, 2020. Yes! Rackspace and M1 Finance collaborate on fraud detection. Tech giant Amazon is in talks to invest in cloud services company Rackspace, according to Reuters. Rackspace Technology and M1 Finance Accelerate Fraud Detection. Current CFO Dustin Semach has resigned to … Click to get this free report TeleTech Holdings, Inc. (TTEC): Free Stock Analysis Report Rackspace Technology, Inc. (RXT): Free Stock Analysis Report To read this article on Zacks.com click here. Do Not Sell My Personal Information (CA Residents Only). Today, Rackspace Technology is a leading provider of expertise and managed services across all the major public and private cloud technologies. SAN ANTONIO – September 18, 2020 – Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced it brought expanded Amazon Web Services (AWS) capabilities to M1 Finance, a Chicago-based online financial services company. SAN ANTONIO, Texas, October 21, 2020 – Rackspace Technology (Nasdaq: RXT) announces today the appointment of services industry veteran Amar Maletira as President and Chief Financial Officer, effective November 23, 2020. Rackspace already manages the company’s core VMware environment with added managed security services. Pro forma core revenue growth accelerated to … Our expertise across the world’s leading technologies — across your clouds, applications, data and security — enables you to grow your business, increase efficiency and deliver the future. Source: Rackspace. Earnings before Tax is likely to rise to about 182.1 M in 2020, whereas Net Income Per Employee is likely to drop slightly above 17.3 K in 2020. If you don't buy now, you may kick yourself in 2021. Moderna anticipates manufacturing between 500 million to 1 billion doses next year, and Cann expects the vaccine to account for 99.2% of the company’s 2021 revenue. Rackspace Hosting reported Average Assets of 1.64 Billion in 2019. Video Transcript. The year-over-year change was primarily driven by a $141 million unrealized gain on an equity investment recorded during the second … I would like to receive Nasdaq communications related to Products, Industry News and Events.You can always change your preferences or unsubscribe and your contact information is covered by our Privacy Policy. Our valuation model uses many indicators to compare Rackspace Hosting value to that of its competitors to determine the firm's financial worth. nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? As a cloud computing services pioneer, we deliver proven multicloud solutions across your apps, data, and security. Finance; Time to Buy Beat-Down Rackspace Technology Inc. (RXT) Stock? The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. What happened. Welcome to the Rackspace Technology, third quarter 2020 earnings call. 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