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Rackspace Technology (RXT)

(Real Time Quote from BATS)

$1.74 USD

1.74
321,090

+0.06 (3.57%)

Updated Apr 26, 2024 02:54 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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4-Sell of 5       4  

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value B Growth D Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 44% (141 out of 252)

Industry: Technology Services

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Balance Sheet

Research for RXT

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Rackspace Technology, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 197 228 273 105 84
Receivables 340 622 554 483 350
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 202 223 162 171 110
Total Current Assets 738 1,073 990 759 544
Net Property & Equipment 609 628 827 885 728
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 2,471 3,391 4,173 4,407 4,563
Deposits & Other Assets 152 226 177 156 129
Total Assets 4,096 5,457 6,329 6,378 6,272
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 433 447 370 285 260
Current Portion Long-Term Debt 37 40 71 92 72
Current Portion Capital Leases 56 62 65 0 0
Accrued Expenses 93 132 132 137 165
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 115 116 140 165 117
Total Current Liabilities 800 857 837 742 672
Mortgages 0 0 0 0 0
Deferred Taxes/Income 79 127 206 237 327
Convertible Debt 0 0 0 0 0
Long-Term Debt 2,892 3,343 3,374 3,393 3,931
Non-Current Capital Leases 308 311 345 358 88
Other Non-Current Liabilities 97 106 124 146 99
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 4,251 4,827 5,001 4,994 5,374
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 2 2 2 2 2
Capital Surplus 2,638 2,573 2,500 2,364 1,603
Retained Earnings -2,824 -1,986 -1,182 -963 -718
Other Equity 60 71 7 -19 12
Treasury Stock 31 31 0 0 0
Total Shareholder's Equity -155 630 1,327 1,384 899
Total Liabilities & Shareholder's Equity 4,096 5,457 6,329 6,378 6,272
Total Common Equity -155 630 1,327 1,384 899
Shares Outstanding 216.40 211.10 210.00 200.20 NA
Book Value Per Share -0.71 2.98 6.32 6.91 -0.01

Fiscal Year End for Rackspace Technology, Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 197 278 160 174
Receivables NA 340 349 544 572
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets NA 202 219 210 224
Total Current Assets NA 738 845 914 970
Net Property & Equipment NA 609 614 641 651
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 2,471 2,506 2,773 2,810
Deposits & Other Assets NA 152 188 199 197
Total Assets NA 4,096 4,280 4,665 4,755
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 433 417 397 384
Current Portion Long-Term Debt NA 37 60 41 39
Current Portion Capital Leases NA 56 63 67 70
Accrued Expenses NA 93 102 94 104
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 115 117 110 139
Total Current Liabilities NA 800 825 776 791
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 79 92 113 106
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 2,892 3,057 3,222 3,315
Non-Current Capital Leases NA 308 317 333 336
Other Non-Current Liabilities NA 95 100 110
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 4,251 4,463 4,633 4,730
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 2 2 2 2
Capital Surplus NA 2,638 2,623 2,607 2,588
Retained Earnings NA -2,824 -2,852 -2,626 -2,598
Other Equity NA 60 75 79 64
Treasury Stock NA 31 31 31 31
Total Shareholder's Equity NA -155 -183 32 24
Total Liabilities & Shareholder's Equity NA 4,096 4,280 4,665 4,755
Total Common Equity 0 -155 -183 32 24
Shares Outstanding 219.70 216.40 215.80 215.00 218.10
Book Value Per Share 0.00 -0.71 -0.85 0.15 0.11