Rackspace Technology, Inc. (NASDAQ:RXT – Get Rating) has earned an average recommendation of “Hold” from the ten research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month […]
Rackspace Technology (NASDAQ:RXT – Get Rating) had its price target lowered by Barclays from $1.50 to $1.00 in a report issued on Monday, The Fly reports. A number of other analysts have also recently commented on the company. BMO Capital Markets dropped their price target on Rackspace Technology from $6.00 to $3.50 and set a […]
Rackspace Technology (NASDAQ:RXT – Get Rating) had its target price trimmed by Citigroup from $3.00 to $1.25 in a report published on Sunday, The Fly reports. Several other research analysts have also issued reports on RXT. Deutsche Bank Aktiengesellschaft reduced their price target on Rackspace Technology from $3.00 to $1.50 in a research report on […]
Rackspace Technology, Inc. (NASDAQ:RXT – Get Rating) was the target of a large growth in short interest in April. As of April 30th, there was short interest totalling 6,990,000 shares, a growth of 29.7% from the April 15th total of 5,390,000 shares. Based on an average daily trading volume, of 1,600,000 shares, the short-interest ratio […]
Rackspace Technology (NASDAQ:RXT – Get Rating) issued its quarterly earnings data on Tuesday. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01, Briefing.com reports. Rackspace Technology had a negative net margin of 25.78% and a positive return on equity of 11.24%. The firm had revenue of […]