Rackspace Technology (RXT) news
Recent news
Rackspace Technology launches Rackspace Cloud
Rackspace Technology (NASDAQ: RXT) has introduced the Rackspace Cloud Management Platform, a new solution designed to enhance the management of hybrid and multicloud environments. The platform builds on the Rackspace Managed Cloud (RMC) offering, which was first launched in October 2023, and…
AInvest Wire · 6d agoRackspace Tech public cloud president Sinha expected to depart
Rackspace Technology has reportedly announced plans to restructure its workforce, with approximately 750 positions expected to be eliminated as part of a broader strategic shift toward AI infrastructure investment. The move is being framed as a reallocation of resources rather than a cost-cutting…
AInvest Wire · 6d agoRXT still sees FY revenue $2.45B to $2.55B, estimated $2.5B
Rackspace Technology, Inc. (NASDAQ: RXT) has reaffirmed its full-year 2026 revenue guidance in the range of $2.45 billion to $2.55 billion, with the midpoint now estimated at $2.5 billion following downward revision from $2.65 billion . The adjustment, announced on July 9, 2026, reflects strategic…
AInvest Wire · Aug 10, 2026Rackspace Technology: to offer up to $250 mln of common stock - SEC filing (adds dropped word 'stock')
Rackspace Technology, Inc. has filed with the Securities and Exchange Commission (SEC) to offer up to $250 million of its common stock, according to a recent SEC filing. The company, which went public in August 2020, is a leading end-to-end multicloud technology services provider, offering services…
AInvest Wire · Jul 9, 2026RXT sees FY adj EBITDA $285M-$295M, saw $305M to $315M
RXT has revised its full-year adjusted EBITDA forecast for fiscal year 2026, now projecting a range of $285 million to $295 million, down from the previously anticipated range of $305 million to $315 million. The updated guidance reflects adjustments in operational performance and market conditions…
AInvest Wire · Jul 9, 2026Light Horse does not author, endorse or verify the headlines, and their appearance here is not an endorsement of any view they express.
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