Rackspace Technology (NASDAQ:RXT) Releases Q1 2025 Earnings Guidance

Rackspace Technology (NASDAQ:RXT) issued an update on its first quarter 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of -0.090–0.070 for the period, compared to the consensus estimate of -0.080. The company issued revenue guidance of $653.0 million-$665.0 million, compared to the consensus revenue estimate of $659.6 million.

Rackspace Technology Price Performance

Shares of RXT opened at $2.88 on Friday. The business’s 50 day moving average price is $2.50 and its 200-day moving average price is $2.48. Rackspace Technology has a 52 week low of $1.45 and a 52 week high of $3.41.

Rackspace Technology (NASDAQ:RXT) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. On average, analysts forecast that Rackspace Technology will post -0.27 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Barclays upped their price objective on Rackspace Technology from $1.00 to $2.00 and gave the company an “underweight” rating in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $2.47.

Insiders Place Their Bets

In related news, CEO Amar Maletira sold 55,461 shares of Rackspace Technology stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $2.54, for a total value of $140,870.94. Following the completion of the transaction, the chief executive officer now owns 4,928,523 shares in the company, valued at approximately $12,518,448.42. This trade represents a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark A. Marino sold 14,458 shares of Rackspace Technology stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $2.34, for a total value of $33,831.72. Following the completion of the transaction, the chief financial officer now owns 1,915,356 shares of the company’s stock, valued at approximately $4,481,933.04. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 209,322 shares of company stock worth $542,829. Corporate insiders own 2.00% of the company’s stock.

About Rackspace Technology

Rackspace Technology, Inc operates as a multi cloud technology services company in the Americas, Europe, the Middle East, Africa, and The Asia-Pacific region. It operates through three segments: Multicloud Services, Apps & Cross Platform, and OpenStack Public Cloud. The company provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; professional services related to designing and building multi cloud solutions and cloud-native applications; and managed hosting and colocation services.