Rackspace Technology, Inc.
General ticker "RXT" information:
- Sector: Information Technology
- Industry: IT Services
- Capitalization: $549.8M
Rackspace Technology, Inc. follows the US Stock Market performance with the rate: 62.1%.
Estimated limits based on current volatility of 3.0%: low 2.14$, high 2.27$
Factors to consider:
- US accounted for 70.8% of revenue in the fiscal year ended 2022-12-31
- Price in estimated range
- Earnings for 6 months up through Q2 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 2023-12-31 to 2025-12-30
- 2023-12-31 to 2024-12-30 estimated range: [0.87$, 2.34$]
- 2024-12-30 to 2025-12-30 estimated range: [1.05$, 2.60$]
Financial Metrics affecting the RXT estimates:
- Negative: Non-GAAP EPS, $ of -0.15 <= 0.10
- Positive: Operating cash flow per share per price, % of 109.22 > 12.76
- Negative: Operating profit margin, % of -23.32 <= 1.03
- Negative: negative Net income
- Negative: Industry operating cash flow per share per price (median), % of 3.68 <= 3.85
- Positive: -0.96 < Investing cash flow per share, $ of -0.45
- Positive: Industry inventory ratio change (median), % of -1.49 <= -0.39
Short-term RXT quotes
Long-term RXT plot with estimates
Financial data
| YTD | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating Revenue | $3,029.40MM | $3,122.30MM | $2,957.10MM |
| Operating Expenses | $3,031.90MM | $3,801.30MM | $3,856.50MM |
| Operating Income | $-2.50MM | $-679.00MM | $-899.40MM |
| Non-Operating Income | $-246.60MM | $-218.70MM | $45.00MM |
| Interest Expense | $205.10MM | $208.50MM | $221.60MM |
| R&D Expense | $28.30MM | $24.50MM | $43.70MM |
| Income(Loss) | $-249.10MM | $-897.70MM | $-854.40MM |
| Taxes | $-30.80MM | $-92.90MM | $-16.60MM |
| Profit(Loss) | $-218.30MM | $-804.80MM | $-837.80MM |
| Stockholders Equity | $1,327.40MM | $629.50MM | $-154.50MM |
| Inventory | $110.00MM | $97.30MM | $0.00MM |
| Assets | $6,328.70MM | $5,456.70MM | $4,096.20MM |
| Operating Cash Flow | $370.80MM | $259.30MM | $374.90MM |
| Capital expenditure | $108.40MM | $80.40MM | $96.90MM |
| Investing Cash Flow | $-69.00MM | $-97.90MM | $-96.00MM |
| Financing Cash Flow | $-132.20MM | $-187.00MM | $-312.80MM |
| Earnings Per Share* | $-1.05 | $-3.81 | $-3.89 |
* EPS are Split Adjusted, recent splits may be reflected with a delay.