Rackspace Technology (RXT)


Market Price (9/9/2026): $3.16 | Market Cap: $790.3 MilSector: Information Technology | Industry: Systems Software

Rackspace Technology (RXT)


Market Price (9/9/2026): $3.16
Market Cap: $790.3 Mil
Sector: Information Technology
Industry: Systems Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
FCF Yield is 5.1%

Megatrend and thematic drivers
Megatrends include Cloud Computing, and Cybersecurity. Themes include Hybrid Cloud Solutions, Infrastructure as a Service (IaaS), Show more.

Weak multi-year price returns
3Y Excs Rtn is -41%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -88 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.3%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 391%

Stock price has recently run up significantly
12M Rtn12 month market price return is 123%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.2%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 234%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -24%

High stock price volatility
Vol 12M is 285%

Key risks
RXT key risks include [1] a substantial debt burden creating a high probability of financial distress and negative stockholders' equity, Show more.

0 Attractive yield
FCF Yield is 5.1%
1 Megatrend and thematic drivers
Megatrends include Cloud Computing, and Cybersecurity. Themes include Hybrid Cloud Solutions, Infrastructure as a Service (IaaS), Show more.
2 Weak multi-year price returns
3Y Excs Rtn is -41%
3 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -88 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.3%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 391%
6 Stock price has recently run up significantly
12M Rtn12 month market price return is 123%
7 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.2%
8 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 234%
9 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -24%
10 High stock price volatility
Vol 12M is 285%
11 Key risks
RXT key risks include [1] a substantial debt burden creating a high probability of financial distress and negative stockholders' equity, Show more.

RXT in ETFs

Weight = RXT's share of each fund

VTI0.00%
ITOT0.00%
IWM0.01%
IWN0.01%
VTWO0.01%
SCHA0.01%
VGT0.01%
IWO0.01%
+3 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/3/2026

Rackspace Technology (RXT) stock has lost about 40% since 5/31/2026 because of the following key factors:

1. Significant Reduction in Fiscal Year 2026 Guidance.

On July 9, 2026, Rackspace Technology significantly cut its full-year fiscal 2026 revenue guidance by $150 million, revising the outlook from $2.6-$2.7 billion to $2.45-$2.55 billion. This reduction, also accompanied by a $20 million cut to Adjusted EBITDA outlook, was attributed to a strategic re-prioritization of resources towards AI and a transition away from certain revenue-generating segments, resulting in a 33.6% stock price decline the same day.

2. Allegations of Misleading Investors and Securities Class Actions.

Multiple securities class action lawsuits were filed against Rackspace Technology and its executives, alleging material misstatements and omissions between May 7, 2026, and July 8, 2026. These lawsuits claim the company misrepresented its AI opportunity and failed to disclose the approximately $150 million revenue shortfall while reaffirming fiscal 2026 guidance, creating legal and financial uncertainty.

Show more
Updated on 9/3/2026

Rackspace Technology (RXT) stock has lost about 40% since 5/31/2026 because of the following key factors:

1. Significant Reduction in Fiscal Year 2026 Guidance.

On July 9, 2026, Rackspace Technology significantly cut its full-year fiscal 2026 revenue guidance by $150 million, revising the outlook from $2.6-$2.7 billion to $2.45-$2.55 billion. This reduction, also accompanied by a $20 million cut to Adjusted EBITDA outlook, was attributed to a strategic re-prioritization of resources towards AI and a transition away from certain revenue-generating segments, resulting in a 33.6% stock price decline the same day.

2. Allegations of Misleading Investors and Securities Class Actions.

Multiple securities class action lawsuits were filed against Rackspace Technology and its executives, alleging material misstatements and omissions between May 7, 2026, and July 8, 2026. These lawsuits claim the company misrepresented its AI opportunity and failed to disclose the approximately $150 million revenue shortfall while reaffirming fiscal 2026 guidance, creating legal and financial uncertainty.

3. Weakening Performance in Core Cloud Segments.

While Rackspace Technology reported an overall revenue beat in fiscal Q2 2026 (ended June 30, 2026) with $670.1 million against estimates of $646 million, the company's core Public Cloud revenue decreased 2.3% year-over-year to $407 million. In fiscal Q1 2026 (ended March 31, 2026), Private Cloud revenue had already decreased 6% year-over-year. This underlying weakness in key segments, coupled with the announced strategic shift, contributed to investor concerns.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The -37.5% change in RXT stock from 5/31/2026 to 9/8/2026 was primarily driven by a -36.6% change in the company's P/S Multiple.
(LTM values as of)53120269082026Change
Stock Price ($)5.173.23-37.5%
Change Contribution By: 
Total Revenues ($ Mil)2,6982,7020.1%
P/S Multiple0.50.3-36.6%
Shares Outstanding (Mil)246250-1.5%
Cumulative Contribution-37.5%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/8/2026
ReturnCorrelation
RXT-37.5% 
Market (SPY)1.3%26.6%
Sector (XLK)-1.6%26.8%

Fundamental Drivers

The 65.6% change in RXT stock from 2/28/2026 to 9/8/2026 was primarily driven by a 71.5% change in the company's P/S Multiple.
(LTM values as of)22820269082026Change
Stock Price ($)1.953.2365.6%
Change Contribution By: 
Total Revenues ($ Mil)2,6882,7020.5%
P/S Multiple0.20.371.5%
Shares Outstanding (Mil)240250-3.9%
Cumulative Contribution65.6%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/8/2026
ReturnCorrelation
RXT65.6% 
Market (SPY)12.0%17.7%
Sector (XLK)35.6%23.4%

Fundamental Drivers

The 156.3% change in RXT stock from 8/31/2025 to 9/8/2026 was primarily driven by a 168.5% change in the company's P/S Multiple.
(LTM values as of)83120259082026Change
Stock Price ($)1.263.23156.3%
Change Contribution By: 
Total Revenues ($ Mil)2,6932,7020.3%
P/S Multiple0.10.3168.5%
Shares Outstanding (Mil)238250-4.8%
Cumulative Contribution156.3%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/8/2026
ReturnCorrelation
RXT156.3% 
Market (SPY)19.8%12.2%
Sector (XLK)43.7%14.1%

Fundamental Drivers

The 29.2% change in RXT stock from 8/31/2023 to 9/8/2026 was primarily driven by a 71.2% change in the company's P/S Multiple.
(LTM values as of)83120239082026Change
Stock Price ($)2.503.2329.2%
Change Contribution By: 
Total Revenues ($ Mil)3,0802,702-12.3%
P/S Multiple0.20.371.2%
Shares Outstanding (Mil)215250-14.0%
Cumulative Contribution29.2%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 9/8/2026
ReturnCorrelation
RXT29.2% 
Market (SPY)76.1%17.5%
Sector (XLK)117.9%18.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
RXT Return-29%-78%-32%10%-56%229%-83%
Peers Return30%-16%31%4%-9%1%35%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
RXT Win Rate42%17%50%50%42%56% 
Peers Win Rate65%42%63%57%42%47% 
S&P 500 Win Rate75%42%67%75%67%56% 

Max Drawdowns [4]
RXT Max Drawdown-51%-81%-69%-37%-67%-64% 
Peers Max Drawdown-19%-33%-21%-27%-38%-45% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: DXC, CTSH, ACN, IBM, NSIT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/8/2026 (YTD)

How Low Can It Go

EventRXTS&P 500
2025 US Tariff Shock
  % Loss-64.5%-18.8%
  % Gain to Breakeven181.6%23.1%
  Time to Breakeven339 days79 days
2024 Yen Carry Trade Unwind
  % Loss-31.2%-7.8%
  % Gain to Breakeven45.4%8.5%
  Time to Breakeven65 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-52.7%-9.5%
  % Gain to Breakeven111.2%10.5%
  Time to Breakeven230 days24 days
2023 SVB Regional Banking Crisis
  % Loss-64.9%-6.7%
  % Gain to Breakeven185.2%7.1%
  Time to Breakeven1088 days31 days

Compare to DXC, CTSH, ACN, IBM, NSIT

In The Past

Rackspace Technology's stock fell -64.5% during the 2025 US Tariff Shock. Such a loss loss requires a 181.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventRXTS&P 500
2025 US Tariff Shock
  % Loss-64.5%-18.8%
  % Gain to Breakeven181.6%23.1%
  Time to Breakeven339 days79 days
2024 Yen Carry Trade Unwind
  % Loss-31.2%-7.8%
  % Gain to Breakeven45.4%8.5%
  Time to Breakeven65 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-52.7%-9.5%
  % Gain to Breakeven111.2%10.5%
  Time to Breakeven230 days24 days
2023 SVB Regional Banking Crisis
  % Loss-64.9%-6.7%
  % Gain to Breakeven185.2%7.1%
  Time to Breakeven1088 days31 days

Compare to DXC, CTSH, ACN, IBM, NSIT

In The Past

Rackspace Technology's stock fell -64.5% during the 2025 US Tariff Shock. Such a loss loss requires a 181.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Rackspace Technology (RXT)

Rackspace Technology, Inc. is a global multi-cloud technology services company that helps businesses manage and optimize their technology infrastructure across various cloud environments. This includes public clouds (such as AWS, Azure, and Google Cloud) and private data centers. Essentially, Rackspace provides expert guidance and managed services, enabling its customers to operate efficiently without having to manage complex underlying technology themselves.

The company's services are primarily divided into two segments. Its Multicloud Services segment focuses on providing managed services for public and private cloud infrastructures, including professional services for designing and building multi-cloud solutions and cloud-native applications. The Apps & Cross Platform segment offers managed applications, ensuring software runs smoothly, and comprehensive managed security services. These security services cover threat assessment, detection, response, rapid remediation, governance, risk, compliance assistance, and privacy/data protection across multiple cloud platforms. It also provides data services for effective information management.

Rackspace Technology primarily serves businesses worldwide that require specialized assistance with their cloud infrastructure, application management, and cybersecurity needs. Its customers are companies seeking to leverage the power of cloud computing without the operational complexities, ensuring their digital operations are secure, efficient, and scalable. The company acts as a vital technology partner for businesses operating in or transitioning to multi-cloud environments, addressing needs from infrastructure design to application support and robust data protection.

AI Analysis | Feedback

Think of Rackspace Technology as a specialized Accenture or IBM Global Services for companies that need help managing, optimizing, and securing their complex infrastructure and applications across multiple cloud providers (like AWS, Azure, and Google Cloud).

AI Analysis | Feedback

  • Multicloud Managed Services: Provides management and optimization for customers' public and private cloud infrastructure, platforms, and services.
  • Cloud Professional Services: Offers design and build services for multi-cloud solutions and cloud-native applications.
  • Managed Application Services: Manages various applications for clients.
  • Managed Security Services: Delivers services for security threat assessment, prevention, detection, response, governance, risk, compliance, and data protection across multiple cloud platforms.
  • Data Services: Provides solutions for managing and leveraging client data.
  • Application, Security, and Data Professional Services: Focuses on designing and implementing application, security, and data solutions for clients.

AI Analysis | Feedback

null

AI Analysis | Feedback

  • Amazon.com, Inc. (AMZN)
  • Microsoft Corporation (MSFT)
  • Alphabet Inc. (GOOGL)
  • Broadcom Inc. (AVGO)

AI Analysis | Feedback

Gajen Kandiah, Chief Executive Officer

Gajen Kandiah was appointed Chief Executive Officer of Rackspace Technology on September 3, 2025. Prior to joining Rackspace Technology, he served as President and Chief Operating Officer of Hitachi Digital, where he focused on integrating AI across industrial and enterprise portfolios. His extensive background encompasses services, infrastructure, software, and artificial intelligence.

Mark Marino, Chief Financial Officer

Mark Marino was appointed Chief Financial Officer of Rackspace Technology on January 12, 2024. He previously held the positions of Chief Accounting Officer and Vice President, Americas CFO at the company. Before his tenure at Rackspace Technology, which began in 2020, Marino served as Vice President of Finance at Acelity from 2015 to 2020. His earlier career included leadership roles in finance at iHeartMedia and head of Corporate FP&A at SunEdison Inc.

Casey Shilling, Chief Marketing Officer

Casey Shilling possesses a strong history of cultivating brands and fostering robust workplace cultures. Before joining Rackspace Technology, she served as Chief Marketing Officer at J. Hilburn and Zoës Kitchen, and as VP of Marketing at The Container Store. She is also a co-author of "Uncontainable: How Passion, Commitment, and Conscious Capitalism Built a Business Where Everyone Thrives."

D.K. Sinha, President, Public Cloud Business Unit

D.K. Sinha serves as the President of the Public Cloud Business Unit at Rackspace Technology.

Kellie Teal-Guess, Chief Human Resources Officer

Kellie Teal-Guess holds the position of Chief Human Resources Officer at Rackspace Technology.

AI Analysis | Feedback

The key risks to Rackspace Technology (RXT) include:

  1. High Debt Load and Liquidity Challenges: Rackspace Technology faces significant financial risk due to its substantial debt burden, which was approximately $3.34 billion as of June 2025 and $4.0 billion in total liabilities as of mid-2025. This high leverage restricts the company's ability to invest in growth and creates potential liquidity challenges, with short-term obligations sometimes exceeding liquid assets. The company has also reported negative shareholder equity and current ratios below 1.
  2. Declining Revenue and Lack of Profitability: The company has experienced persistent revenue decline, particularly in its legacy Private Cloud segment, which serves as a drag on overall performance. Rackspace Technology has consistently reported net losses since at least 2020, with a reported net loss of $67 million in Q3 2025 and a TTM net loss of $774 million as of January 2025. The company faces ongoing challenges in achieving consistent profitability, with thin margins in its key growth segments.
  3. Intense Competition in the Cloud Services Market: Rackspace Technology operates in a hyper-competitive cloud market dominated by major hyperscalers like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud. This competitive pressure makes it challenging for Rackspace to gain market share, particularly in the Public Cloud segment, and contributes to thin gross margins for these services.

AI Analysis | Feedback

The increasing depth and breadth of professional and managed services offered directly by hyperscale cloud providers (Amazon Web Services, Microsoft Azure, Google Cloud Platform) to their end customers. These providers are progressively expanding their capabilities beyond core infrastructure to encompass sophisticated managed services, cloud migration and optimization, security, and data services. This trend allows customers to potentially fulfill a growing portion of their multi-cloud management and support needs directly through the hyperscalers, diminishing the necessity for an intermediary multi-cloud technology services company like Rackspace Technology and thereby challenging its traditional value proposition and market share.

AI Analysis | Feedback

Rackspace Technology, Inc. (symbol: RXT) operates in several addressable markets related to multi-cloud technology services, applications, security, and data. The estimated market sizes for their main products and services are as follows:

  • Cloud Managed Services (including Public and Private Cloud Managed Services): The global cloud managed services market was valued at approximately USD 134.44 billion in 2024 and is projected to reach USD 305.16 billion by 2030, growing at a CAGR of 14.7% from 2025 to 2030. North America held over 44% of this market in 2024. Another report indicates a market size of USD 153.78 billion in 2025, projected to grow at a CAGR of 14.6% from 2026 to 2034.
  • Private Cloud Market: The global private cloud market was valued at USD 114.4 billion in 2024 and is projected to reach USD 195 billion by 2030, growing at a CAGR of 9.3% during the forecast period. North America dominates this market, accounting for approximately 45% of the global share. Another estimate places the global private cloud market at USD 137.78 billion in 2025, expected to reach USD 300.64 billion by 2034.
  • Multi-cloud Management Market: The global multi-cloud management market was estimated at USD 10.58 billion in 2024 and is projected to reach USD 86.21 billion by 2033, growing at a CAGR of 26.25% from 2025 to 2033. North America dominated this market with a 36% revenue share in 2024.
  • Cloud Professional Services Market: The global cloud professional services market size was estimated at USD 26.3 billion in 2024 and is expected to grow to USD 130.4 billion by 2034, at a CAGR of 17.5% from 2025 to 2034. North America held the largest revenue share of 41.7% in 2024.
  • Managed Application Services Market: The global managed application services market was valued at USD 23.14 billion in 2025 and is expected to reach USD 72.01 billion by 2033, growing at a CAGR of 15.27% over the forecast period 2026-2033. The U.S. managed application services market size was USD 5.78 billion in 2025 and is expected to reach USD 17.60 billion by 2033. Another report indicates the global market size at USD 50.47 billion in 2025, projected to increase to USD 309.27 billion by 2035. North America dominated the application management services market with a 38% market share in 2025.
  • Managed Security Services Market: The global managed security services market size was valued at USD 39.87 billion in 2025 and is projected to grow to USD 104.66 billion by 2034, exhibiting a CAGR of 11.32% during the forecast period. Another source states the global market size was US$ 31.4 billion in 2024 and is estimated to reach US$ 121.8 billion by the end of 2035. North America leads this market, holding a 39% market share.
  • Data Services (including Data as a Service and Data Engineering Services): The global Data as a Service (DaaS) market was estimated at USD 21 billion in 2024 and is anticipated to expand to USD 121.2 billion by 2035, at a CAGR of 17.27% from 2025 to 2035. The global big data and data engineering services market was worth USD 75.55 billion in 2024 and is anticipated to be worth USD 325.01 billion by 2033, growing at a CAGR of 17.6% during the forecast period. The global data processing and hosting services market size was estimated at USD 110.0 billion in 2023 and is projected to reach USD 223.93 billion by 2030.

AI Analysis | Feedback

Here are the expected drivers of future revenue growth for Rackspace Technology (RXT) over the next 2-3 years:

  1. Growth in Private Cloud Segment: Rackspace Technology anticipates a 6% year-over-year growth in private cloud revenue for 2026, marking the first sustained growth in this segment in several years. This growth is expected to be fueled by securing large, multi-year enterprise engagements.
  2. Expansion of AI Offerings and Services: The company is strategically positioning itself as a key infrastructure and operations provider for enterprise AI. This involves expanding its AI offerings and enterprise footprint, focusing on helping organizations move beyond experimental AI projects to operating AI at scale within core enterprise systems. Strategic partnerships, such as with Palantir for deploying Foundry and AI Platform (AIP), VMware, and Rubrik, are central to this initiative. Rackspace plans to significantly increase its Palantir-trained platform engineers.
  3. Growth in Public Cloud Services Revenue: While overall public cloud revenue is projected to see a decline in 2026 due to the planned transition of a large government contract, the public cloud *services* revenue, excluding this specific contract, is expected to grow in the mid-to-high teens. This indicates a focus on higher-value public cloud engagements and services.
  4. Strategic Partnerships and Platform Engineering Model: Rackspace Technology is adopting a platform engineering model, which involves embedding forward-deployed engineers within customer environments. Key partnerships with companies like AWS (for end-to-end cloud advisory, migration, modernization, data, machine learning, and generative AI solutions), VMware, Rubrik, and Palantir are intended to deliver high-value, recurring revenue streams.
  5. Focus on High-Value Enterprise and Regulated Markets: The company is actively pursuing and securing large, long-term deals with enterprise customers, particularly within regulated industries such as healthcare and financial services. These engagements are characterized by longer deployment cycles but offer greater revenue visibility and higher lifetime value.

AI Analysis | Feedback

Share Repurchases

  • Rackspace Technology's board of directors authorized a stock buyback program of up to $75 million in March 2022.
  • The buyback was intended to boost share prices and enhance shareholder value by reducing the total number of outstanding shares.

Share Issuance

  • Rackspace Technology's shares outstanding increased from 208 million in the fourth quarter of 2021 to 245 million in the fourth quarter of 2025.
  • As of January 17, 2026, the company reported 243.59 million shares outstanding.

Capital Expenditures

  • Capital expenditures for Rackspace Technology totaled $139 million in 2025 and $136 million in 2024.
  • In the fourth quarter of 2025, capital expenditures were $48 million, primarily directed towards funding long-term assets and infrastructure.
  • Capital expenditures in the third quarter of 2024 were $31 million, compared to $28 million in the third quarter of 2023.

Better Bets vs. Rackspace Technology (RXT)

Peer Outperformance in Systems Software

RXT has trailed 66% of its 67 Systems Software peers over 5Y. Systems Software ranks 12th of 12 industries in Information Technology by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Systems Software constituents that RXT has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
94%
of 85 industry peers · 122.8% return
3Y
72%
of 74 industry peers · 72.3% return
5Y
34%
of 67 industry peers · -77.6% return
No Systems Software peer with a comparable growth profile has beaten RXT by more than 20pp over 5Y.
Median price return by industry across the Information Technology sector, ranked by 5Y. Systems Software is RXT's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 9 61.1%192.7%295.5% TTMI 850% · FLEX 760% · SANM 426%
Semiconductor Materials & Equipment 27 130.8%82.2%102.6% AEHR 749% · AXTI 659% · KLAC 470%
Technology Distributors 9 29.8%72.1%88.5% CLMB 337% · AVT 169% · SNX 125%
Communications Equipment 36 20.9%81.9%74.9% AAOI 1345% · LITE 1003% · ANET 771%
Electronic Components 26 47.9%61.2%64.2% CLS 3641% · BELFA 1330% · LPTH 398%
Semiconductors 55 27.0%28.2%25.4% POET 1940% · MU 1308% · NVDA 921%
Technology Hardware, Storage & Peripherals 21 32.7%79.9%20.0% DELL 1111% · STX 1102% · SMCI 1004%
Internet Services & Infrastructure 6 17.4%31.8%11.6% DOCN 83% · VRSN 29% · GDDY 23%
Electronic Equipment & Instruments 27 -10.4%9.0%-8.7% PI 217% · OSIS 111% · NSSC 104%
IT Consulting & Other Services 28 -27.0%-13.3%-30.0% CHRN 554111% · APLD 1316% · TSSI 687%
Application Software 123 -28.2%-15.0%-45.9% VIDA 221718% · INLX 4885% · PLTR 552%
Systems Software ← 68 -13.1%0.7%-58.5% QNC 514% · ZETA 355% · PAYS 338%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

RXTDXCCTSHACNIBMNSITMedian
NameRackspac.DXC Tech.Cognizan.AccentureInternat.Insight . 
Mkt Price3.2311.2159.92179.03232.09157.34108.63
Mkt Cap0.81.827.9109.6218.44.716.3
Rev LTM2,70212,48421,64273,10169,0978,58017,063
Op Inc LTM-882433,52011,51512,7054331,977
FCF LTM411,0292,59812,58213,1443971,814
FCF 3Y Avg809822,16410,49812,2954261,573
CFO LTM1041,4802,91713,18214,8884232,198
CFO 3Y Avg1681,4332,46811,09413,9744631,950

Growth & Margins

RXTDXCCTSHACNIBMNSITMedian
NameRackspac.DXC Tech.Cognizan.AccentureInternat.Insight . 
Rev Chg LTM0.3%-2.4%5.6%6.7%7.9%2.7%4.2%
Rev Chg 3Y Avg-4.2%-4.1%3.8%4.8%4.5%-3.9%-0.1%
Rev Chg Q0.6%-5.1%4.5%5.6%1.1%14.7%2.8%
QoQ Delta Rev Chg LTM0.1%-1.3%1.1%1.4%0.3%3.7%0.7%
Op Inc Chg LTM29.0%-64.7%10.7%8.3%16.3%27.3%13.5%
Op Inc Chg 3Y Avg8.7%896.5%7.0%5.7%13.3%5.7%7.8%
Op Mgn LTM-3.3%1.9%16.3%15.8%18.4%5.1%10.4%
Op Mgn 3Y Avg-4.4%2.5%15.7%15.6%17.0%4.8%10.2%
QoQ Delta Op Mgn LTM-0.3%-0.4%0.5%0.1%-0.4%0.4%-0.1%
CFO/Rev LTM3.8%11.9%13.5%18.0%21.5%4.9%12.7%
CFO/Rev 3Y Avg6.1%11.1%12.0%16.1%21.4%5.3%11.5%
FCF/Rev LTM1.5%8.2%12.0%17.2%19.0%4.6%10.1%
FCF/Rev 3Y Avg2.9%7.6%10.5%15.2%18.9%4.8%9.1%

Valuation

RXTDXCCTSHACNIBMNSITMedian
NameRackspac.DXC Tech.Cognizan.AccentureInternat.Insight . 
Mkt Cap0.81.827.9109.6218.44.716.3
P/S0.30.11.31.53.20.60.9
P/Op Inc-9.27.57.99.517.210.98.7
P/EBIT-18.52.67.910.017.712.09.0
P/E-5.114.712.614.120.422.414.4
P/CFO7.81.29.68.314.711.28.9
Total Yield-19.7%6.8%10.2%10.7%7.8%4.5%7.3%
Dividend Yield0.0%0.0%2.2%3.6%2.9%0.0%1.1%
FCF Yield 3Y Avg13.9%44.4%8.4%8.9%5.6%8.6%8.7%
D/E4.02.30.10.10.30.40.3
Net D/E3.91.20.0-0.00.30.30.3

Returns

RXTDXCCTSHACNIBMNSITMedian
NameRackspac.DXC Tech.Cognizan.AccentureInternat.Insight . 
1M Rtn-34.1%3.4%4.5%1.9%-1.5%5.4%2.6%
3M Rtn-30.7%26.7%13.8%4.4%-15.8%43.3%9.1%
6M Rtn65.6%-8.5%-3.6%-9.4%-5.9%93.9%-4.8%
12M Rtn122.8%-23.5%-13.9%-27.6%-7.0%22.9%-10.5%
3Y Rtn72.3%-45.5%-11.3%-41.2%72.4%3.3%-4.0%
1M Excs Rtn-33.0%4.5%5.6%3.0%-0.4%6.5%3.7%
3M Excs Rtn-32.0%22.3%10.1%0.3%-20.4%39.2%5.2%
6M Excs Rtn48.6%-23.3%-19.0%-25.6%-20.0%75.1%-19.5%
12M Excs Rtn112.3%-42.6%-33.1%-45.8%-22.6%4.8%-27.8%
3Y Excs Rtn-41.0%-116.2%-81.9%-111.1%3.1%-72.0%-76.9%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Public Cloud1,6961,6831,7431,7381,471
Private Cloud9901,0541,2141,3841,538
Total2,6862,7372,9573,1223,010


Operating Income by Segment
$ Mil20252024202320222021
Private Cloud252294343496604
Public Cloud684482121120
Transaction-related adjustments, net-2-5-5-11-26
Restructuring and transformation expenses-32-58-57-65-162
Share-based compensation expense-45-63-65-70-75
Amortization of intangible assets-147-154-161-167-180
Corporate functions-194-233-268-298-240
Hosted Exchange incident expenses, net of proceeds received or expected to be received under our 15-60
Impairment of assets, net -20-52-1460
Impairment of goodwill -715-709-534-52
United Kingdom office closure  -1200
Gain on sale of land    20
Special bonuses and other compensation expense    -12
Total-101-909-899-679-3


Price Behavior

Price Behavior
Market Price$3.23 
Market Cap ($ Bil)0.8 
First Trading Date08/05/2020 
Distance from 52W High-57.1% 
   50 Days200 Days
DMA Price$4.30$2.74
DMA Trendupdown
Distance from DMA-24.8%17.8%
 3M1YR
Volatility137.0%285.8%
Downside Capture441.96214.70
Upside Capture197.99266.41
Correlation (SPY)20.0%12.7%
RXT Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta7.374.532.632.452.612.03
Up Beta5.694.665.202.281.541.24
Down Beta6.45-0.25-1.704.093.572.25
Up Capture528%203%218%334%543%2147%
Bmk +ve Days10213268138427
Stock +ve Days714244787316
Down Capture1197%653%335%155%143%112%
Bmk -ve Days11213259113324
Stock -ve Days13273979154400

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with RXT
RXT131.5%285.3%1.11-
Sector ETF (XLK)43.7%26.2%1.3514.2%
Equity (SPY)19.4%12.8%1.1112.5%
Gold (GLD)20.8%29.2%0.657.1%
Commodities (DBC)45.0%20.4%1.726.6%
Real Estate (VNQ)7.8%13.6%0.30-5.6%
Bitcoin (BTCUSD)-28.1%43.9%-0.637.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with RXT
RXT-25.5%149.6%0.29-
Sector ETF (XLK)19.5%25.9%0.6724.3%
Equity (SPY)12.6%17.2%0.5624.5%
Gold (GLD)18.8%18.8%0.817.3%
Commodities (DBC)10.6%19.5%0.428.0%
Real Estate (VNQ)1.5%18.9%-0.0318.7%
Bitcoin (BTCUSD)11.1%52.6%0.3913.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with RXT
RXT-15.1%137.6%0.26-
Sector ETF (XLK)24.4%25.0%0.8823.5%
Equity (SPY)15.2%17.9%0.7223.6%
Gold (GLD)12.2%16.3%0.617.2%
Commodities (DBC)7.9%18.1%0.368.1%
Real Estate (VNQ)4.9%20.7%0.2017.8%
Bitcoin (BTCUSD)63.6%66.2%1.0310.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date8142026
Short Interest: Shares Quantity27.5 Mil
Short Interest: % Change Since 7312026-4.0%
Average Daily Volume8.2 Mil
Days-to-Cover Short Interest3.4 days
Basic Shares Quantity250.1 Mil
Short % of Basic Shares11.0%

Earnings Returns History

Updated 8/24/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/9/2026-33.6%-32.4%-26.7%
5/7/202655.1%154.2%107.3%
2/26/202668.9%79.3%-14.1%
11/6/2025-15.1%-21.2%-26.7%
8/7/2025-4.7%-4.7%14.2%
5/8/2025-12.8%-12.5%-11.8%
2/20/20250.7%-16.3%-35.1%
11/12/20245.9%-17.1%-12.6%
...
SUMMARY STATS   
# Positive1078
# Negative151817
Median Positive6.5%10.4%14.1%
Median Negative-12.8%-16.2%-12.6%
Max Positive68.9%154.2%107.3%
Max Negative-33.6%-32.4%-35.1%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/9/2026-33.6%-32.4%-26.7%
5/7/202655.1%154.2%107.3%
2/26/202668.9%79.3%-14.1%
11/6/2025-15.1%-21.2%-26.7%
8/7/2025-4.7%-4.7%14.2%
5/8/2025-12.8%-12.5%-11.8%
2/20/20250.7%-16.3%-35.1%
11/12/20245.9%-17.1%-12.6%
8/8/20240.4%-1.3%1.3%
5/9/20240.5%9.7%20.9%
3/12/2024-19.2%-26.7%-23.5%
11/7/2023-1.8%5.7%7.9%
8/8/20237.1%-1.8%-4.9%
5/9/2023-11.5%-16.3%19.6%
2/22/20231.1%-13.6%-33.7%
11/9/202235.8%16.7%-25.9%
8/9/2022-15.7%-17.6%-28.1%
5/10/2022-5.3%10.4%-7.9%
2/22/2022-12.8%-5.5%0.8%
11/15/202111.4%1.9%-10.3%
8/11/2021-14.2%-19.6%-12.4%
5/10/2021-20.9%-17.4%-11.9%
2/18/2021-16.1%-16.0%-3.3%
11/10/2020-0.9%-8.8%14.0%
8/31/2020-1.6%-11.3%-9.6%
SUMMARY STATS   
# Positive1078
# Negative151817
Median Positive6.5%10.4%14.1%
Median Negative-12.8%-16.2%-12.6%
Max Positive68.9%154.2%107.3%
Max Negative-33.6%-32.4%-35.1%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/10/202610-Q
03/31/202605/08/202610-Q
12/31/202503/06/202610-K
09/30/202511/10/202510-Q
06/30/202508/11/202510-Q
03/31/202505/12/202510-Q
12/31/202403/21/202510-K
09/30/202411/12/202410-Q
06/30/202408/09/202410-Q
03/31/202405/15/202410-Q
12/31/202303/15/202410-K
09/30/202311/09/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202203/16/202310-K
09/30/202211/09/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/10/202610-Q
03/31/202605/08/202610-Q
12/31/202503/06/202610-K
09/30/202511/10/202510-Q
06/30/202508/11/202510-Q
03/31/202505/12/202510-Q
12/31/202403/21/202510-K
09/30/202411/12/202410-Q
06/30/202408/09/202410-Q
03/31/202405/15/202410-Q
12/31/202303/15/202410-K
09/30/202311/09/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202203/16/202310-K
09/30/202211/09/202210-Q
06/30/202208/09/202210-Q
03/31/202205/10/202210-Q
12/31/202103/01/202210-K
09/30/202111/15/202110-Q
06/30/202108/11/202110-Q
03/31/202105/10/202110-Q
12/31/202002/26/202110-K
09/30/202011/10/202010-Q
06/30/202008/31/202010-Q
03/31/202008/05/2020424B4

Recent Forward Guidance

Updated 7/27/2026

Latest: Q2 2026 Earnings Reported 7/9/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q2 2026 RevenueReported641.00 Mil645.00 Mil    
Q2 2026 Adjusted EBITDAReported58.00 Mil60.00 Mil    
2026 RevenueReported2.45 Bil2.50 Bil -5.7% LoweredGuidance: 2.65 Bil for 2026
2026 Adjusted EBITDAReported285.00 Mil290.00 Mil -6.5% LoweredGuidance: 310.00 Mil for 2026
2028 Annual Revenue at full 30MW deploymentReported450.00 Mil525.00 Mil    

null

Insider Activity

Updated 9/8/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Teal-Guess, KellieChief Human Resources OfficerDirectSell90820263.1333,558105,0374,022,601Form
2Kandiah, Gajakarnan VibushananChief Executive OfficerDirectSell90420263.21498,7281,600,91711,828,706Form
3Marino, Mark AChief Financial OfficerDirectSell90220262.9551,373151,5508,454,266Form
4Sinha, Dharmendra KumarEVP, President, Public CloudDirectSell90220262.95107,002315,6569,627,116Form
5Kandiah, Gajakarnan VibushananChief Executive OfficerDirectSell90220262.958,25824,36112,341,865Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Teal-Guess, KellieChief Human Resources OfficerDirectSell90820263.1333,558105,0374,022,601Form
2Kandiah, Gajakarnan VibushananChief Executive OfficerDirectSell90420263.21498,7281,600,91711,828,706Form
3Marino, Mark AChief Financial OfficerDirectSell90220262.9551,373151,5508,454,266Form
4Sinha, Dharmendra KumarEVP, President, Public CloudDirectSell90220262.95107,002315,6569,627,116Form
5Kandiah, Gajakarnan VibushananChief Executive OfficerDirectSell90220262.958,25824,36112,341,865Form
6Scott, Anthony DirectSell81720264.2548,780207,554766,797Form
7Teal-Guess, KellieChief Human Resources OfficerDirectSell60420265.5633,966188,8517,332,161Form
8Marino, Mark AChief Financial OfficerDirectSell60420265.5648,099267,43016,219,777Form
9Sinha, Dharmendra KumarEVP, President, Public CloudDirectSell60420265.5648,099267,43018,739,596Form
10Teal-Guess, KellieChief Human Resources OfficerDirectSell51820265.12113,232579,7484,654,858Form
11Sinha, Dharmendra KumarEVP, President, Public CloudDirectSell31820261.81188,123340,5034,119,663Form
12Marino, Mark AChief Financial OfficerDirectSell31820261.8114,05825,4453,907,562Form
13Teal-Guess, KellieChief Human Resources OfficerDirectSell30220261.8121,26638,4911,850,515Form
14Marino, Mark AChief Financial OfficerDirectSell30220261.8120,18336,5313,933,007Form
15Sinha, Dharmendra KumarEVP, President, Public CloudDirectSell30220261.8145,39382,1614,460,166Form
16Marino, Mark AChief Financial OfficerDirectSell22320261.63234,683382,5333,574,777Form
17Teal-Guess, KellieChief Human Resources OfficerDirectSell120320251.0118,30118,4841,054,086Form
18Sinha, Dharmendra KumarEVP, President, Public CloudDirectSell112820251.0491,15194,7972,671,651Form
19Maletira, Amar DirectSell91720251.351,780,6192,403,8366,221,636Form
20Scott, Anthony DirectSell90820251.4340,00057,200273,194Form
Core Cache Last Updated: 9/8/2026