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)
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
8-K
Rackspace Technology Announces Launch of Exchange Offer Relating to its 3.50% First-Priority Senior Secured Notes due 2028
14 Mar 24
8-K
Regulation FD Disclosure
13 Mar 24
8-K
Rackspace Technology Reports Fourth Quarter and Full Year 2023 Results
12 Mar 24
8-K
Rackspace Technology Appoints Experienced and Seasoned Executive Mark Gross to Board of Directors
8 Feb 24
8-K
Departure of Directors or Certain Officers
12 Jan 24
10-Q
2023 Q3
Quarterly report
9 Nov 23
8-K
Rackspace Technology Reports Third Quarter 2023 Results
7 Nov 23
8-K
Rackspace Technology Appoints Leading Investment Banking Executive Thomas Cole to Board of Directors
4 Oct 23
Transcripts
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 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
RXT
Earnings call transcript
2021 Q4
23 Feb 22
RXT
Earnings call transcript
2021 Q3
16 Nov 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | 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) | 280.70 mm | 280.70 mm | 280.70 mm | 280.70 mm | 280.70 mm | 280.70 mm |
Cash burn (monthly) | (no burn) | (no burn) | 81.03 mm | 100.58 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 484.86 mm | 601.78 mm | n/a | n/a |
Cash remaining | n/a | n/a | -204.16 mm | -321.08 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | -2.5 | -3.2 | n/a | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 110 |
Opened positions | 31 |
Closed positions | 20 |
Increased positions | 26 |
Reduced positions | 35 |
13F shares | Current |
---|---|
Total value | 408.64 bn |
Total shares | 335.95 mm |
Total puts | 447.90 k |
Total calls | 243.90 k |
Total put/call ratio | 1.8 |
Largest owners | Shares | Value |
---|---|---|
Apollo Management Holdings GP | 129.61 mm | $0.00 |
Apollo Management | 129.61 mm | $304.58 bn |
Abry Partners | 22.25 mm | $423.99 mm |
First Trust Portfolios | 8.36 mm | $0.00 |
LGEN Legal & General | 8.13 mm | $19.11 bn |
MKFCF Mackenzie Financial | 6.92 mm | $13.77 bn |
Vanguard | 5.63 mm | $13.24 bn |
BLK Blackrock | 4.87 mm | $11.44 bn |
Charles Schwab Investment Management | 1.87 mm | $4.39 bn |
Millennium Management | 1.73 mm | $4.08 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
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 |
16 Mar 24 | Mark A. Marino | Common Stock | Payment of exercise | Dispose F | No | No | 1.59 | 12,436 | 19.77 k | 235,665 |
22 Feb 24 | Mark A. Marino | Common Stock | Grant | Acquire A | No | No | 0 | 1,694,149 | 0.00 | 1,929,814 |
News
Rackspace Launches Digital Sovereignty Solutions For UK Government And Regulated Industries
27 Mar 24
Rackspace Technology Introduces Rackspace SPOT, An Open Market Auction For Cloud Servers, Offering Customer-Driven Bidding Process That Allows Users To Set Compute Market Prices, With Capacity Delivered As Turnkey, Fully Managed Kubernetes Clusters
19 Mar 24
These Analysts Revise Their Forecasts On Rackspace Technology After Q4 Results
13 Mar 24
12 Information Technology Stocks Moving In Wednesday's Intraday Session
13 Mar 24
Why Clover Health Investments Shares Are Trading Higher By 11%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
13 Mar 24
Press releases
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
Rackspace Technology Launches Rackspace UK Sovereign Services for Secure, Cost-Effective Workloads in the UK Public Sector and Regulated Services
27 Mar 24
AI Transitioning from Ideation to Industrialization for Critical Business Operations, According to New Rackspace Technology FAIR 2024 AI Research
26 Mar 24
Rackspace Technology Announces Launch of Exchange Offer Relating to its 3.50% First-Priority Senior Secured Notes due 2028
14 Mar 24
Rackspace Technology Participates in Cloud Nirvana Spring 2024 Conference on Designing, Implementing and Executing Enterprise Hybrid and Multicloud Strategies
11 Mar 24