rackspace, the #1 managed cloud company, helps businesses tap the power of cloud computing without the challenge and expense of managing complex it infrastructure and application platforms on their own. rackspace engineers deliver specialized expertise on top of leading technologies developed by openstack, microsoft, vmware and others, through a results-obsessed service known as fanatical support®. we have more than 300,000 customers worldwide, including two-thirds of the fortune 100. rackspace was named a leader in the 2015 gartner magic quadrant for cloud-enabled managed hosting, and has been honored as one of fortune’s best companies to work for in six of the past eight years. learn more at www.rackspace.com.
Company profile
Ticker
RXT
Exchange
Website
CEO
Amar Maletira
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Rackspace Corp.
SEC CIK
Corporate docs
Subsidiaries
Adapt Services Limited • Centric Telecom Limited • Datapipe Asia Limited • Datapipe Europe Limited • Datapipe Israel Limited • Datapipe Singapore Pte Ltd • Datapipe, Inc. • Drake Merger Sub II, LLC • Elinia Webservices Limited • Elinia Limited ...
IRS number
813369925
RXT stock data
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
15 May 24
NT 10-Q
Notice of late quarterly filing
13 May 24
8-K
Rackspace Technology Reports First Quarter 2024 Results
9 May 24
ARS
2023 FY
Annual report to shareholders
29 Apr 24
DEFA14A
Additional proxy soliciting materials
29 Apr 24
DEF 14A
Definitive proxy
29 Apr 24
8-K
Results of Operations and Financial Condition
2 Apr 24
8-K
Rackspace Technology Announces Early Tender Results of the Exchange Offer Relating to its 3.50% First-Priority Senior Secured Notes due 2028
28 Mar 24
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
26 Mar 24
10-K
2023 FY
Annual report
15 Mar 24
Transcripts
RXT
Earnings call transcript
2024 Q1
9 May 24
RXT
Earnings call transcript
2023 Q4
12 Mar 24
RXT
Earnings call transcript
2023 Q3
7 Nov 23
RXT
Earnings call transcript
2023 Q2
8 Aug 23
RXT
Earnings call transcript
2023 Q2
8 Aug 23
RXT
Earnings call transcript
2023 Q1
9 May 23
RXT
Earnings call transcript
2022 Q4
22 Feb 23
RXT
Earnings call transcript
2022 Q3
10 Nov 22
RXT
Earnings call transcript
2022 Q2
10 Aug 22
RXT
Earnings call transcript
2022 Q1
11 May 22
Latest ownership filings
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 285.50 mm | 285.50 mm | 285.50 mm | 285.50 mm | 285.50 mm | 285.50 mm |
Cash burn (monthly) | (no burn) | (no burn) | 217.60 mm | 76.85 mm | 30.10 mm | (no burn) |
Cash used (since last report) | n/a | n/a | 346.12 mm | 122.24 mm | 47.88 mm | n/a |
Cash remaining | n/a | n/a | -60.62 mm | 163.26 mm | 237.62 mm | n/a |
Runway (months of cash) | n/a | n/a | -0.3 | 2.1 | 7.9 | n/a |
Institutional ownership, Q4 2023
71.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 12 |
Opened positions | 3 |
Closed positions | 101 |
Increased positions | 2 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 783.18 mm |
Total shares | 160.29 mm |
Total puts | 0.00 |
Total calls | 300.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Apollo Management Holdings GP | 129.61 mm | $0.00 |
Abry Partners | 22.25 mm | $423.99 mm |
First Trust Portfolios | 8.36 mm | $0.00 |
SG Americas Securities | 52.69 k | $105.00 k |
Raymond James & Associates | 14.46 k | $28.92 mm |
Leibman Financial Services | 3.82 k | $321.58 mm |
International Assets Investment Management | 3.00 k | $1.50 mm |
Jamison Private Wealth Management | 1.10 k | $2.19 mm |
Highlander Capital Management | 1.00 k | $2.00 mm |
Nisa Investment Advisors | 856.00 | $1.71 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | Mitchell Alan Garber | Common Stock | Grant | Acquire A | No | No | 0 | 15,549 | 0.00 | 246,441 |
16 Mar 24 | Dharmendra Kumar Sinha | Common Stock | Payment of exercise | Dispose F | No | No | 1.59 | 120,375 | 191.40 k | 2,095,862 |
16 Mar 24 | Lillie Brian | Common Stock | Payment of exercise | Dispose F | No | No | 1.59 | 83,071 | 132.08 k | 1,525,187 |
16 Mar 24 | Amar Maletira | Common Stock | Payment of exercise | Dispose F | No | No | 1.59 | 472,549 | 751.35 k | 4,165,874 |
16 Mar 24 | Srini Koushik | Common Stock | Payment of exercise | Dispose F | No | No | 1.59 | 41,366 | 65.77 k | 752,001 |
News
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15 May 24
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13 May 24
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10 May 24
Rackspace Tech Q1 2024 Adj EPS $(0.11) Beats $(0.13) Estimate, Sales $691.000M Beat $684.252M Estimate
9 May 24
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9 May 24
Press releases
Rackspace Technology Epic Infrastructure Managed Services Increases Seattle Children's Epic Electronic Health Record Availability
16 May 24
Rackspace Technology Reports First Quarter 2024 Results
9 May 24
Rackspace Technology to Announce First Quarter 2024 Earnings May 9, 2024
24 Apr 24
Foundry for AI by Rackspace (FAIR) Partners with OhioX to Drive Responsible AI Adoption in Ohio
23 Apr 24
Rackspace Technology Announces Final Results of the Exchange Offer Relating to its 3.50% First-Priority Senior Secured Notes due 2028
12 Apr 24