RXT Stock Summary and Trading Ideas (Rackspace Technology | NASDAQ:RXT)

Rackspace Technology Inc is an end-to-end, hybrid, multi-cloud technology services company. It designs, builds, and operates its customers' cloud environments across all technology platforms, irrespective of technology stack or deployment model. The company's solutions include Application Services, Data, Colocation, Cloud, Managed Hosting, Professional Services, and Security and Compliance. It has two reportable segments: Private Cloud and Public Cloud. Maximum revenue is generated from the Public Cloud segment, which offers cloud solutions through managed services, elastic engineering, and professional services offerings for customer environments hosted on the AWS, Microsoft Azure, and Google Cloud public cloud platforms. Geographically, the company derives its key revenue from the U.S.

Rackspace Technology trades on the NASDAQ stock market under the symbol RXT.

As of August 14, 2026, RXT stock price declined to $4.21 with 5,157,322 million shares trading.

RXT has a beta of 6.37, meaning it tends to be more sensitive to market movements. RXT has a correlation of 0.14 to the broad based SPY ETF.

RXT has a market cap of $1.07 billion. This is considered a Small Cap stock.

Last quarter Rackspace Technology reported $670 million in Revenue and -$.08 earnings per share. This beat revenue expectation by $24 million and exceeded earnings estimates by $.01.

In the last 3 years, RXT traded as high as $8.60 and as low as $.39.

The top ETF exchange traded funds that RXT belongs to (by Net Assets): VTI, VGT, IWM, VXF, VTWO.

RXT has outperformed the market in the last year with a return of +231.5%, while the SPY ETF gained +21.6%. However, in the most recent history, RXT shares have underperformed the stock market with its stock returning -27.0% in the last 3 month period and 0.0% for the last 2 week period, while SPY has returned +4.8% and +4.7%, respectively.

RXT support price is $4.03 and resistance is $4.58 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RXT shares will trade within this expected range on the day.