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Rackspace Technology, Inc. (RXT)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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16.99-0.49 (-2.78%)
At close: 4:00PM EDT

17.04 +0.05 (0.29%)
After hours: 7:59PM EDT

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Previous Close17.48
Open17.58
Bid17.03 x 800
Ask17.05 x 1000
Day's Range16.86 - 17.78
52 Week Range15.25 - 22.75
Volume1,064,172
Avg. Volume3,210,347
Market Cap3.383B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateAug 31, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est27.67
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  • GlobeNewswire

    Rackspace Technology helps Relay42 deliver up to 500,000 customer data events per second

    LONDON, Oct. 08, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), the multicloud solutions provider, has today announced that its management of Relay42’s Amazon Web Services (AWS) IT infrastructure is supporting the AI-driven data business to deliver up to 500,000 personalised customer data events per second. Dutch-headquartered Relay42 turns data into meaningful relationships customers including Air France-KLM, Heineken, Mazda and FedEx. Speed, latency and security are fundamental components in data marketing, all of which AWS provides in its underlying infrastructure, helping Relay42 meet its business objectives of delivering personalised messages and experiences to end users in a matter of seconds.Rackspace Technology also optimised Relay42’s cloud spend via CloudHealth, which identified cost savings of $8,000 per month in the initial months of the pandemic with zero impact on performance.The global footprint of Rackspace Technology is enabling Relay42’s global expansion plans as it aims to double the size of its European and Asian business in 2021. As part of the ongoing project with Rackspace Technology, Relay42 also aims to continue its cloud native journey, further utilising the newest services that AWS rolls out.Rogier van Nieuwenhuizen, CEO at Relay42, said, “Relay42’s transformational culture mirrors that of Rackspace Technology as we both constantly evolve to meet customer demands. We’re on a journey to provide data at scale with millions of customers and billions of touchpoints. This is all made possible through Rackspace Technology and its Fanatical Experience on AWS that it delivers to us.”“Rackspace Technology’s continued commitment to customers is impressive, and Relay42 is a strong example of how customers benefit from our partnership with this company,” said Tony Van Den Berge, Managing Director of EMEA Partner Organization, Amazon Web Services EMEA SARL, “We look forward to working together to create greater value for customers, who in turn can focus on driving the growth of their business.”Bert Stam, General Manager for Northern Europe at Rackspace Technology added, “With the current global economic uncertainty, providing excellent customer experiences are crucial to business stability. Relay42 is at the forefront of exceptional data personalisation which will support its customers during these unsettling times.“Our team of experts around the world continue to provide the cloud expertise organisations like Relay42 require to scale up and accelerate growth.”About Rackspace TechnologyRackspace Technology is a leading end-to-end multicloud technology services company. We can design, build and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products and adopt innovative technologies.About Relay42Relay42’s platform for Intelligent Journey Orchestration empowers businesses to create meaningful customer relationships by utilizing smart technology to transform fragmented interactions into seamless journeys. Relay42 gives businesses the freedom, flexibility and agility to build sustainable customer relationships, using valuable customer data as a baseline.Global brands including Air France-KLM, Heineken, Mazda and FedEx rely on Relay42 to anticipate and address customer needs in real time across all online and offline channels. Relay42 is the only platform built for AI-driven customer journeys with real-time connectivity to all systems and touchpoints.For media queries contact: Devika Mistry Devika.mistry@rackspace.co.uk

  • GlobeNewswire

    Rackspace Technology Accelerates Momentum with Customer Transformations on AWS

    SAN ANTONIO, Oct. 06, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced leading innovative IT transformations to Amazon Web Services (AWS) for customers, Humber College Institute of Technology and Advanced Learning, Envizi, and Invotra. Humber College, a publicly-funded college in Toronto, Ontario, Canada, with help from AWS Premier Partner Onica, a Rackspace Technology Company, was able to design, test, and implement a production solution on AWS in just 10 days, making it possible for students to access software from any device that is typically found on campus in computer labs."We are really happy to have brought Onica on as our partner,” said Ryan Burton, Director, Digital Solutions, Humber College Institute of Technology & Advanced Learning. “The team was not only able to produce a solution that fit Humber’s accessibility, scalability, and performance requirements, but it was also able to accomplish the task at an unprecedented speed using Amazon AppStream 2.0. Onica’s efforts and support have helped us provide academic stability to our students during these challenging times, with minimal disruption."Based in Australia, Envizi is a market leader in data and analytics software for energy and sustainability and has been a Rackspace Technology customer for over 9 years. Envizi began working with Rackspace Technology in response to the need for an experienced cloud partner to enable its international growth by securely and seamlessly transforming from a dedicated environment to AWS.“Envizi’s business model and go-to-market strategy are built on partnerships. Turning to Rackspace technology for advice on an appropriate solution to support our growth was a natural progression for us as our teams have been working together for almost a decade,” said Bill Clasquin, Envizi’s CTO and Co-founder. “When it came to cloud offerings, we determined that AWS was best suited to support our processing loads and, with help from Rackspace Technology, the lift and shift to AWS proceeded smoothly. Our post-transition review demonstrated that we have achieved the benefits we identified in our initial performance analysis along with significant savings.”Invotra, a UK-based SaaS provider of enterprise Intranet and portal solutions, was challenged with managing a vast amount of data from one of its largest customers. Invotra turned to Rackspace Technology to help them design a scalable, cloud-native solution to manage their vast user data, which included 95,000 users, 75 million visitor journeys, and over 350 million individual visitor actions.“Rackspace Technology provided invaluable direction and advice throughout the project,” said Jonnie Russell, Chief Technology Officer, Invotra. “Rackspace Technology supported Invotra in designing a comprehensive solution integrating multiple AWS services, which enabled us to capture, process, and persist analytics log data at the scale we needed.”"The key to our continued rapid growth and cloud adoption across the market lies in the strength of innovative customers like Envizi, Invotra, and Humber College," said Matt Stoyka, Chief Solutions Officer, Rackspace Technology. “By working with AWS, we’re always focused on driving trust, success, and Fanatical Experience™ for our customers.”In 2020, combined with Onica, Rackspace Technology has achieved 14 AWS Competency designations within the AWS Partner Network (APN), along with 1,600 AWS Certifications. Most recently, Onica attained the AWS Machine Learning Competency. This validated designation differentiates Onica as an APN Partner that has demonstrated expertise in building AI/ML solutions on AWS and has helped organizations automate and innovate to solve their data challenges and gain actionable outcomes.About Rackspace Technology Rackspace Technology is a leading end-to-end multicloud technology services company. We can design, build and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products and adopt innovative technologies.Media Contact Natalie Silva Rackspace Corporate Communications publicrelations@rackspace.com

  • GlobeNewswire

    Rackspace Technology and Cloud Security Leader, Armor, Announce The New Cybersecurity Landscape Solve Strategy Series Webinar

    SAN ANTONIO, Oct. 01, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, will co-sponsor The New Cybersecurity Landscape virtual event with Armor® on October 7th at 10:00 am CT as part of the company’s Solve Strategy Series. From Zoom bombing to account takeovers, through access mining and phishing, the event will shed light on emerging security threats and empower viewers with practical ideas on how to build a safer future. Keren Elazari, TED speaker, security analyst, and friendly hacker, will deliver a keynote on how security challenges have changed in the age of COVID-19. She will then be joined by cybersecurity experts from Plus500™, Armor, and Rackspace Technology for a panel discussion on what has changed in the cybersecurity landscape and what businesses must do to adapt.“This pandemic has been a renaissance for bad actors in the cybersecurity space,” said Elazari. “We need to look at how criminals are evolving and adapting to the new normal. Remote work has created new opportunities for criminals to disrupt businesses and use our digital assets against us. We need to protect the people who are now on the digital front lines."In addition to the COVID-19 pandemic, the virtual event comes at a time when the amount of global data is increasing exponentially. According to Information Overload Research Group (IORG), 90% of the world’s data has been created in the last two years alone. While this massive amount of data is necessary for organizations to operate, it has also uncovered new security threats to guard against. Gartner predicts that worldwide spending on cybersecurity will reach $133.7 billion in 2022.“The COVID-19 crisis has changed the ways we do business, and cyber criminals have quickly adapted to the new reality,” said Michael Schofield, Vice President, Network & Cyber Security Operations and Webinar Moderator, Rackspace Technology. “Home has become the new office and organizations that had digital transformation plans years in the future are rushing to do them now.”The New Cybersecurity Landscape webinar will include a 10-minute keynote speech and 20-minute panel discussion with industry experts:Keynote: * Guest Speaker: Keren Elazari, Security Analyst, Friendly Hacker, Author, Speaker Moderator: * Michael Schofield, Vice President, Network & Cyber Security Operations, Rackspace Technology Panelists: * Idan Mashaal, Director of Cyber Security, Plus500™ * Chris Stouff, Chief Security Officer, Armor * Karen O'Reilly-Smith, Chief Security Officer, Rackspace Technology To register for The New Cybersecurity Landscape webinar, please visit: https://www.rackspace.com/solve/solve-strategy-seriesAbout Rackspace TechnologyRackspace Technology is a leading end-to-end multicloud technology services company. We can design, build and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products and adopt innovative technologies.Media Contact Natalie Silva Rackspace Corporate Communications publicrelations@rackspace.com