Rackspace Technology, Inc.
General ticker "RXT" information:
- Sector: Information Technology
- Industry: Software - Infrastructure
- Capitalization: $392.0M (TTM average)
Rackspace Technology, Inc. follows the US Stock Market performance with the rate: 1.8%.
Estimated limits based on current volatility of 2.4%: low 0.97$, high 1.02$
Factors to consider:
- Total employees count: 5800 (-14.7%) as of 2023
- US accounted for 68.8% of revenue in the fiscal year ended 2023-12-31
- Top business risk factors: Failure to attract and retain customers, Cybersecurity threats, Economic downturns and volatility, Lower gross margins from customer demands, Third-party risks
- Current price 50.5% below estimated low
- Earnings for 9 months up through Q3 are below our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2024-12-31 to 2026-12-31
- 2024-12-31 to 2025-12-31 estimated range: [1.88$, 4.79$]
- 2025-12-31 to 2026-12-31 estimated range: [1.96$, 4.94$]
Financial Metrics affecting the RXT estimates:
- Positive: with PPE of -8.9 at the end of fiscal year the price was neutral
- Negative: negative Operating income
- Positive: Industry inventory ratio change (median), % of -0.81 <= -0.18
- Positive: Inventory ratio change, % of -0.39 <= 0
- Positive: 6.63 < Operating cash flow per share per price, % of 7.98
- Positive: -9.48 < Industry operating profit margin (median), % of -3.62
Short-term RXT quotes
Long-term RXT plot with estimates
Financial data
| YTD | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating Revenue | $3,122.30MM | $2,957.10MM | $2,737.10MM |
| Operating Expenses | $3,801.30MM | $3,856.50MM | $3,646.20MM |
| Operating Income | $-679.00MM | $-899.40MM | $-909.10MM |
| Non-Operating Income | $-218.70MM | $45.00MM | $27.60MM |
| Interest Expense | $208.50MM | $221.60MM | $98.00MM |
| Income(Loss) | $-897.70MM | $-854.40MM | $-881.50MM |
| Taxes | $-92.90MM | $-16.60MM | $-23.30MM |
| Profit(Loss)* | $-804.80MM | $-837.80MM | $-858.20MM |
| Stockholders Equity | $629.50MM | $-154.50MM | $-1,004.20MM |
| Assets | $5,456.70MM | $4,096.20MM | $3,054.10MM |
| Operating Cash Flow | $246.70MM | $374.90MM | $39.90MM |
| Capital expenditure | $80.40MM | $96.90MM | $111.10MM |
| Investing Cash Flow | $-97.90MM | $-96.00MM | $-86.60MM |
| Financing Cash Flow | $-187.00MM | $-312.80MM | $-3.00MM |
| Earnings Per Share** | $-3.81 | $-3.89 | $-3.82 |
* Profit(Loss) attributable to entity.
** EPS are Split Adjusted, recent splits may be reflected with a delay.