$20.84, giving the company a market capitalisation of A Warner Media Company. The multicloud managed service provider raised $704 million, but it saw the per-share price of its stock fall from the price it set at $21 to $16.17, a drop of about 20%. Nevertheless, the report was enough to send Rackspace’s share price soaring more than 17% at one point today. Morningstar: © 2019 Morningstar, Inc. All Rights Reserved. The Rackspace IPO offered 33.5 million shares at $21, the low end of its price range of $21 to $24. Price trends tend to persist, so it's worth looking at them when it comes to a share like Rackspace Technology Inc. Over the past six months, the relative strength of its shares against the market has been %. and the price has moved by Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Shares in Rackspace Technology Inc are currently priced at $20.84. Sector Technology RiskRating. Rackspace can help you get set up, and we're there whenever you need us - 24x7x365. : For the nine months ended 30 September 2020,Rackspace Technology, Inc. revenues increased 10% to$1.99B. Rackspace Technology has priced its IPO of 33.5M common shares at $21/share, for gross proceeds of ~$703.5M (~$809M if the underwriters exercise their … Rackspace had a disappointing initial public offering last month where it raised $704 million in a U.S. but priced at the bottom of the marketed range. An important predictor of whether a stock price will go up is its track record of momentum. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. For more information, learn about our StockRank Styles. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Rackspace market cap is $3.8 b, and annual revenue was $2 b in FY 2015. $17.08 0.5 2.8% Last Trade - 23/11/20. Competition against the likes of Amazon, Google and Microsoft, combined with a dwindling share price make Rackspace (RAX) the worst stock in the world. Disclaimer. During the day, the stock rose to $17.21 and sunk to $16.39 before settling in for the price of $17.02 at the close. Rackspace Hosting, (delisted) stock quote and RAX charts. Dec 09 / Zacks.com - Paid Partner Content, Rackspace Technology (RXT) Surges: Stock Moves 9.6% Higher, This NYC Startup Raises $51M to Disrupt the Retirement Industry, 5 Social Security Mistakes to Avoid At All Costs, 7 Mistakes That Will Ruin Your Retirement Income, 7 Retirement Secrets Smart Americans Should Know, You Can Still Buy This "Millionaire Maker" Stock, Bitcoin Up 30,000X -- Here's Your Backdoor In, This Stock Could Be Like Buying Amazon for $3.19. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives. Company profile page for Rackspace Technology Global Inc including stock price, company news, press releases, executives, board members, and contact information ET (1716 GMT) on Wednesday, down from the $21 per share price Rackspace shares had sold for in its initial public offering on Tuesday. £3.16bn. RXT: Get the latest Rackspace Technology stock price and detailed information including RXT news, historical charts and realtime prices. ET by Tomi Kilgore Amazon in talks to invest in cloud-services company Rackspace: report Analysts had expected Rackspace … The Apps & Cross Platform segment includes managed applications, managed security and data services, as well as professional services related to designing and implementing application, security and data services. All - Get the latest stock market news, stock information and charts, data analysis reports, as well as a general overview of the market landscape from London Stock Exchange. Rackspace, which helps customers such as Samsung manage their remote cloud data storage systems, declined to comment. Rackspace Technology started at buy with $26 stock price target at Deutsche Bank Aug. 31, 2020 at 6:44 a.m. This share price information is delayed by 15 minutes. Rackspace Hosting, Inc. (Rackspace) operates in the managed cloud segment of the business information technology (IT) market. Rackspace Technology Inc. 17.96. Rackspace Technology’s first day of trading Wednesday as a public company saw its share of ups and downs. 22.75. Rackspace soared 19% on Monday after a report from Reuters said that Amazon is eyeing a minority stake in the cloud services provider. View dividend history, insider trades and ASX analyst consensus. Companies with negative earnings receive an "NE." Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. To buy shares in Rackspace Technology Inc you'll need a share-dealing account with an online or offline stock broker. Why Rackspace … All rights reserved. Company profile page for Rackspace Ltd including stock price, company news, press releases, executives, board members, and contact information $20.84 How big of a company is Rackspace Technology? We were not able to find PE ratio data for Rackspace Technology Inc. Rackspace Technology Inc's management team is headed by: Here are the top five shareholders of Rackspace Technology Inc based on the size of their shareholding: © Stockopedia 2020, Refinitiv, Share Data Services. "Rackspace Technology has applied for listing its common stock on the Nasdaq Global Select Market under the ticker symbol RXT," it said in a statement today. Shares in Rackspace Technology Inc are currently trading at Net loss increased from $55.5M to $182M. "The number of shares to be offered and the price range for the proposed offering have not yet been determined." Rackspace Technology, Inc. is a multi-cloud technology services company. Today’s Change. One share of RAX stock can currently be purchased for approximately $31.99. The Company’s segments include Multicloud Services, Apps & Cross Platform and OpenStack Public Cloud. Rackspace Technology Inc RXT - Rackspace Technology Inc Share News. At that level they are trading at 27.45% discount to the analyst consensus target price of 0.00. Shares in Rackspace Technology Inc are currently priced at $17.96. Latest stock price today and the US's most active stock market forums. Using a basic share count and the top end of their initial ranges, Rackspace is targeting a roughly $4.8 billion valuation, and BigCommerce a $1.3 billion price tag. Rackspace today markets itself in part as a technology provider able to help businesses make use of cloud-computing services from AWS, Microsoft Corp. and Alphabet Inc.’s Google. Today; Browse; Screens; Folios; Discuss; Learn; Browse Shares Technology Software & IT Services. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. $20.84 0.8  3.8%. ... What is (RAX)'s stock price today? Analysts covering Rackspace Technology Inc currently have a consensus Earnings Per Share (EPS) forecast of 0.795 for the next financial year. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Today ||| 52-Week Range. All times are ET. Rackspace Technology Inc On Wednesday, Rackspace reported 19 cents earnings per share (EPS). View Rackspace stock / share price, financial statements, key ratios and more at Craft. RAX Stock Price Today - Find Rackspace Technical Analysis, Quote / Share Price, Trading and Investment Advice, News, Stock charts, Price history and more with Stock Traders Daily The company had aimed to price the shares as high as $24 each. Size … Revenuesreflect Multicloud Services increase of 16% to $1.57B, Apps& Cross Platform increase of 3% to $245.3M. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. There are no analysts currently covering Rackspace Technology Inc. Rackspace Technology Inc is scheduled to issue upcoming financial results on the following dates: Rackspace Technology Inc does not currently pay a dividend. Speculative. Including FTSE 100 Rackspace Technology Inc. (NASDAQ: RXT) flaunted slowness of -3.29% at $16.46, as the Stock market unbolted on November 13, 2020. All rights reserved. Taking a more long-term approach, RXT posted a 52-week range of $15.25-$22.75. As of CNN Sans™ & © 2016 Cable News Network. You can read more about the power of momentum in assessing share price movements on Stockopedia. Today’s SGO share price, stock chart and announcements. Delayed Data. Rackspace Hosting Inc,RAX,ISIN: US7500861007 - view the latest price,charts and performance information at AJ Bell Youinvest Skip to main content Rackspace Hosting Inc (NYSE:RAX) - Share price The Company designs, builds and operates cloud environments across technology platforms. What is (RAX)'s official website? % over the past 365 days. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Factset: FactSet Research Systems Inc.2019. All Rights Reserved. Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, will hold the virtual event How Businesses are using AI and Machine Learning Today … +0.26 / +1.47%. The stock was trading at $16.59 at 1:16 p.m. Real time Rackspace Hosting (RAX) stock price quote, stock graph, news & analysis ... Thursday's buyout rumors got some more meat on their bones today. What is Rackspace Technology's stock price today? 15.25. 11/12/20, shares in OpenStack Public Cloud. are trading at Enables to run applications on a public cloud that is built on open-source technology. In terms of relative price strength - which takes into account the overall market trend - the Rackspace Technology Inc price has moved by © 2020 Cable News Network. It began trading on the Nasdaq under the ticker RXT. Shares in Rackspace Technology Inc are currently trading at $20.84, giving the company a market capitalisation of £3.16bn. % over the past year. Rackspace Email Rackspace Email Plus Add Archiving; Plan: Secure email for Outlook, Webmail or Mobile users: Add File Storage, ActiveSync, Office-compatible apps & IM: Our Plus package with unlimited storage for archived email: Price: $2.99 user/month Begin Free … The official website for (RAX) is www.rackspace.com. Rackspace Technology, Inc. (RXT Quick Quote RXT - Free Report) was a big mover last session, as the company saw its shares rise nearly 10% on … Most stock quote data provided by BATS. Price/Cash Flow: Latest closing price divided by the last 12 months revenue/cash flow per share. Quickly estimate your monthly cloud server cost based your cloud platform and service level needs. One share of RXT stock can currently be purchased for approximately $18.57. As of Nov 30. It delivers professional services across its entire portfolio, including multi cloud solutions, applications, security and data. At the current price of $20.84, shares in Rackspace Technology Inc are trading at 16.5% against their 200 day moving average. Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks, John Hancock Disciplined Value Mid Cap Fund, 1 Fanatical Place City Of Windcrest, SAN ANTONIO, 78218, United States, Rackspace Technology Achieves AWS Travel and Hospitality Competency Status, Rackspace Technology Among the First to Support the Launch of Professional Services in AWS Marketplace, Announces New Professional Services & Solutions at AWS re:Invent 2020, Rackspace Technology Named a Leader in Multicloud Managed Services Providers by Independent Research Firm. Here are the trading details for Rackspace Technology Inc: Based on an overall assessment of its quality, value and momentum, Rackspace Technology Inc is currently classified as a Style Neutral. The Multi cloud Services segment includes public and private cloud managed services offerings, as well as professional services related to designing and building multi cloud solutions and cloud-native applications. That puts the share price near its 52-week low of $38.30 per share. Price/Book: A financial ratio used to compare a company's current market price to its book value. (FYI: Rackspace used to be trade on the New York Exchange as RAX). Cloud services provider Rackspace Technology returned to the public markets earlier this month, but it hasn't been a popular stock in the weeks since, trading well below its $21 IPO price. At that level they are … Price/Earnings: Latest closing price divided by the earnings-per-share based on the trailing 12 months. Higher net lossreflects Gain (loss) on investments, net decrease of 99% to$900K (income), Gain (loss) on extinguishment of debtincrease from $9.5M (income) to $37M (expense). 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