The Gross Law Firm Reminds Rackspace Technology, Inc. Investors of the Pending Class Action Lawsuit With a Lead Plaintiff Deadline of September 28, 2026 - RXTAugust 11, 2026 10:22 AM
PR Newswire (US) NEW YORK, Aug. 11, 2026 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Rackspace Technology, Inc. (NASDAQ: RXT). Shareholders who purchased shares of RXT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/rackspace-technology-inc-loss-submission-form/?id=200007&from=4CLASS PERIOD: May 7, 2026 to July 8, 2026ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company's enterprise AI efforts would require Rackspace to significantly re-prioritize its capacity and capital away from the profitable Private Cloud segment; (2) that Rackspace's public cloud revenue was declining as customers contracted directly with hyperscale cloud platforms; (3) that, as a result, Rackspace was likely to significantly reduce a material portion of its public cloud infrastructure resale business; (4) as a result, the Company's fiscal year 2026 revenue would be significantly impacted; and (5) that, as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.DEADLINE: September 28, 2026 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/rackspace-technology-inc-loss-submission-form/?id=200007&from=4NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of RXT during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is September 28, 2026. There is no cost or obligation to you to participate in this case.WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg @bback View original content to download multimedia:https://www.prnewswire.com/news-releases/the-gross-law-firm-reminds-rackspace-technology-inc-investors-of-the-pending-class-action-lawsuit-with-a-lead-plaintiff-deadline-of-september-28-2026---rxt-302848197.htmlSOURCE The Gross Law Firm Original: The Gross Law Firm Reminds Rackspace Technology, Inc. Investors of the Pending Class Action Lawsuit With a Lead Plaintiff Deadline of September 28, 2026 - RXT

RXT Investor Announcement: Rackspace Sued on behalf of Investors to Recover Losses after AI Effort Issues Lead to 33% Stock DropAugust 11, 2026 7:07 AM
PR Newswire (US) A securities fraud class action lawsuit has been filed on behalf of Rackspace investors after its stock plummeted 33.6% because Rackspace allegedly misled investors about its AI efforts and their impact on the company's financial performance.NEW YORK, Aug. 11, 2026 /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Rackspace Technology, Inc. (NASDAQ:RXT) and certain of the company's senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws. If you invested in Rackspace, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/rackspace-class-action-lawsuit.Key Details of the Rackspace ($RXT) Class Action:Lead Plaintiff Deadline: September 28, 2026Alleged Misconduct: Securities fraud alleging that Rackspace misled investors about its AI efforts and their impact on the company's financial performanceStock Drop: July 9, 2026 – 33.6% Stock DropCourt: U.S. District Court for the Southern District of New YorkAction: Contact BFA Law to discuss your rightsInvestors have until September 28, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Rackspace securities. The class action is pending in the U.S. District Court for the Southern District of New York. It is captioned Morgan-Reed v. Rackspace Technology, Inc., No. 26-cv-6491.Why is Rackspace Being Sued for Securities Fraud? Rackspace is a hybrid cloud and AI solutions company that operates physical infrastructure to host cloud services and artificial intelligence. The company also provides Rackspace AI, a portfolio of AI services to help organizations scale AI adoption.During the relevant period, the company announced it signed a memorandum of understanding with Advanced Micro Devices, Inc. ("AMD") to assist in building out its AI infrastructure and enhance its AI capabilities. That same day, the company reaffirmed its full year revenue guidance.Rackspace told investors that the "AMD piece really fits into how" the company's technology stack operates. Rackspace also stated that the AMD partnership "give[s] [the Company] confidence in the full year Private Cloud growth profile."As alleged, in truth, the company's AI efforts would require Rackspace to significantly re-prioritize its capacity and pull capacity away from revenue generating segments.Why did Rackspace's Stock Drop?On July 9, 2026, Rackspace revealed that its AI investments would require a significant re-prioritization of resources and a "transition away" from certain revenue generating segments. As a result, Rackspace revealed it was cutting its full year 2026 revenue guidance by $150 million and its full year Private Cloud revenue outlook by $25 million.This news caused the price of Rackspace stock to decline $2.21 per share, or 33.6%, from a closing price of $6.58 per share on July 8, 2026, to $4.37 per share on July 9, 2026.Click here for more information: https://www.bfalaw.com/cases/rackspace-class-action-lawsuit.What Can You Do?If you invested in Rackspace, you may have legal options and are encouraged to submit your information to the firm.All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.Submit your information by visiting:https://www.bfalaw.com/cases/rackspace-class-action-lawsuitWhy Bleichmar Fonti & Auld LLP?BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters.Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff's securities litigation law firm, with clients noting: "[t]here is no better service provider in the practice area," "[t]he interest of the client is always front and center," and "[t]here isn't a better firm in this space."  One testimonial described the firm as "nimble and entrepreneurial," with a "relentless focus on adding value for clients."Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.For more information about BFA and its attorneys, please visit https://www.bfalaw.com.https://www.bfalaw.com/cases/rackspace-class-action-lawsuitAttorney advertising. Past results do not guarantee future outcomes. View original content to download multimedia:https://www.prnewswire.com/news-releases/rxt-investor-announcement-rackspace-sued-on-behalf-of-investors-to-recover-losses-after-ai-effort-issues-lead-to-33-stock-drop-302847813.htmlSOURCE Bleichmar Fonti & Auld LLP Original: RXT Investor Announcement: Rackspace Sued on behalf of Investors to Recover Losses after AI Effort Issues Lead to 33% Stock Drop

Rackspace Technology, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - RXTAugust 10, 2026 6:02 AM
PR Newswire (US) LOS ANGELES, Aug. 10, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Rackspace Technology, Inc. ("Rackspace" or "the Company") (NASDAQ: RXT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of RXT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: May 7, 2026 to July 8, 2026DEADLINE: September 28, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Rackspace shifted resources away from its Private Cloud segment, shifting its capital and staff away from the profitable business to drive AI growth. The Company was also losing customers to cloud hyperscalers. Based on these facts, Rackspace's public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com View original content:https://www.prnewswire.com/news-releases/rackspace-technology-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--rxt-302846916.htmlSOURCE DJS Law Group LLP Original: Rackspace Technology, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - RXT

RXT Deadline Alert: SueWallSt Reminds Rackspace Technology, Inc. (RXT) Investors of Securities Class Action Deadline on September 28, 2026August 6, 2026 10:07 AM
PR Newswire (US) Disclosure Under Scrutiny: Rackspace's June 2026 restructuring filing quantified severance costs and cost savings but allegedly said nothing about the $150 million revenue hole that surfaced three weeks later, according to a securities class action.NEW YORK, Aug. 6, 2026 /PRNewswire/ -- SueWallSt notifies investors in Rackspace Technology, Inc. (NASDAQ: RXT) that a securities class action has been filed on behalf of shareholders who purchased securities between May 7, 2026 and July 8, 2026. Check if you might be eligible to recover your investment losses. You may also contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com or (888) SueWallSt. RXT shares fell $2.21, or 33.6%, to close at $4.37 on July 9, 2026, down from a Class Period high of $7.53 on June 17, 2026. Full-year 2026 revenue guidance was cut by $150 million and adjusted EBITDA guidance by $20 million. Lead plaintiff applications must be submitted by September 28, 2026.What the Company DisclosedSEC filings stated that Rackspace's revenue mix had "shifted in recent years, from our Private Cloud offerings to infrastructure resale and services within Public Cloud," and that the Public Cloud focus was "on expanding segment operating margins by driving cost efficiencies and growing higher-margin services revenue." A June 16, 2026 Form 8-K disclosed a workforce realignment terminating roughly 15% of the global workforce, one-time charges of $14 million to $19 million, and $75 million to $85 million in expected annualized run-rate savings.What Plaintiffs Allege Was MissingThe complaint challenges those disclosures as incomplete. The lawsuit contends that the revenue consequences of reserving capacity for enterprise AI were allegedly not quantified for investors until the July 9, 2026 update.Disclosure Gaps AllegedNo disclosure, as alleged, that the AI buildout would require re-prioritizing capacity and capital away from Private Cloud, the segment carrying a 24.7% operating margin versus Public Cloud's 4.7%No disclosure that Rackspace was preparing to exit colocation and basic hosting revenues, later tied to a $25 million Private Cloud guidance reductionNo disclosure that Public Cloud revenue was allegedly eroding as hyperscalers moved customers to direct contracts, later tied to a $125 million reductionFull-year revenue guidance of $2,600 million to $2,700 million was reaffirmed in May and stood until July 9, when it was reset to $2,450 million to $2,550 millionRevised guidance implied a year-over-year revenue change of (9)% to (5)%, compared with (3)% to 1% previouslyWhy Generic Warnings May Not Protect"Generic risk factor language cannot substitute for disclosing specific, known problems that are already affecting a company's operations. Here the complaint alleges a restructuring was announced with detailed cost figures while the associated revenue impact went unquantified." -- Joseph E. Levi, Esq.Learn more about the case or call (888) SueWallSt.WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.Frequently Asked Questions About the RXT LawsuitQ: What specific misstatements does the RXT lawsuit allege? A: The complaint alleges Rackspace Technology, Inc. made materially false or misleading statements regarding the impact of its enterprise AI buildout on Private Cloud capacity and the decline of its Public Cloud resale business during the Class Period. When the Company disclosed a $150 million reduction in full-year 2026 revenue guidance, the stock price declined sharply.Q: What court was the RXT class action filed in? A: The case was filed in the United States District Court for the Southern District of New York.Q: Who is eligible to join the RXT investor lawsuit? A: Investors who purchased RXT stock or securities between May 7, 2026 and July 8, 2026 and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses, not on whether you still hold the shares.Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.Q: What documents do I need to submit my information? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.Q: What if I already sold my RXT shares, can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in the securities class action, they are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval..Q: What if I live outside the United States? A: U.S. securities class actions generally cover purchases on U.S. exchanges regardless of the investor's country of residence.CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi @Icons1Attorney Advertising. Prior results do not guarantee similar outcomes. View original content to download multimedia:https://www.prnewswire.com/news-releases/rxt-deadline-alert-suewallst-reminds-rackspace-technology-inc-rxt-investors-of-securities-class-action-deadline-on-september-28-2026-302844821.htmlSOURCE SueWallSt.com Original: RXT Deadline Alert: SueWallSt Reminds Rackspace Technology, Inc. (RXT) Investors of Securities Class Action Deadline on September 28, 2026

Rackspace Technology, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - RXTAugust 6, 2026 5:22 AM
PR Newswire (US) LOS ANGELES, Aug. 6, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Rackspace Technology, Inc. ("Rackspace" or "the Company") (NASDAQ: RXT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of RXT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: May 7, 2026 to July 8, 2026DEADLINE: September 28, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Rackspace shifted resources away from its Private Cloud segment, shifting its capital and staff away from the profitable business to drive AI growth. The Company was also losing customers to cloud hyperscalers. Based on these facts, Rackspace's public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT:David J. SchwartzDJS Law Group274 White Plains Road, Suite 1 Eastchester, NY 10709Phone: 914-206-9742Email: David@djslawllp.com View original content:https://www.prnewswire.com/news-releases/rackspace-technology-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--rxt-302844494.htmlSOURCE DJS Law Group LLP Original: Rackspace Technology, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - RXT

RXT UPCOMING DEADLINE: The Gross Law Firm Alerts Rackspace Technology, Inc. Stockholders of Securities Class Action - Contact the FirmAugust 4, 2026 11:05 AM
PR Newswire (US) NEW YORK, Aug. 4, 2026 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Rackspace Technology, Inc. (NASDAQ: RXT). Shareholders who purchased shares of RXT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/rackspace-technology-inc-loss-submission-form/?id=198139&from=4CLASS PERIOD: May 7, 2026 to July 8, 2026ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company's enterprise AI efforts would require Rackspace to significantly re-prioritize its capacity and capital away from the profitable Private Cloud segment; (2) that Rackspace's public cloud revenue was declining as customers contracted directly with hyperscale cloud platforms; (3) that, as a result, Rackspace was likely to significantly reduce a material portion of its public cloud infrastructure resale business; (4) as a result, the Company's fiscal year 2026 revenue would be significantly impacted; and (5) that, as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.DEADLINE: September 28, 2026 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/rackspace-technology-inc-loss-submission-form/?id=198139&from=4NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of RXT during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is September 28, 2026. There is no cost or obligation to you to participate in this case.WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg @bback View original content to download multimedia:https://www.prnewswire.com/news-releases/rxt-upcoming-deadline-the-gross-law-firm-alerts-rackspace-technology-inc-stockholders-of-securities-class-action---contact-the-firm-302842596.htmlSOURCE The Gross Law Firm Original: RXT UPCOMING DEADLINE: The Gross Law Firm Alerts Rackspace Technology, Inc. Stockholders of Securities Class Action - Contact the Firm

RXT Stock Drop: Rackspace AI Efforts Lead to 33% Stock Drop and Securities Fraud Class Action for InvestorsAugust 4, 2026 6:36 AM
PR Newswire (US) A securities fraud class action lawsuit has been filed on behalf of Rackspace investors after its stock plummeted 33.6% because Rackspace allegedly misled investors about its AI efforts and their impact on the company's financial performance.NEW YORK, Aug. 4, 2026 /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Rackspace Technology, Inc. (NASDAQ:RXT) and certain of the company's senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws. If you invested in Rackspace, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/rackspace-class-action-lawsuit.Key Details of the Rackspace ($RXT) Class Action:Lead Plaintiff Deadline: September 28, 2026Alleged Misconduct: Securities fraud alleging that Rackspace misled investors about its AI efforts and their impact on the company's financial performanceStock Drop: July 9, 2026 – 33.6% Stock DropCourt: U.S. District Court for the Southern District of New YorkAction: Contact BFA Law to discuss your rightsInvestors have until September 28, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Rackspace securities. The class action is pending in the U.S. District Court for the Southern District of New York. It is captioned Morgan-Reed v. Rackspace Technology, Inc., No. 26-cv-6491.Why is Rackspace Being Sued for Securities Fraud? Rackspace is a hybrid cloud and AI solutions company that operates physical infrastructure to host cloud services and artificial intelligence. The company also provides Rackspace AI, a portfolio of AI services to help organizations scale AI adoption.During the relevant period, the company announced it signed a memorandum of understanding with Advanced Micro Devices, Inc. ("AMD") to assist in building out its AI infrastructure and enhance its AI capabilities. That same day, the company reaffirmed its full year revenue guidance.Rackspace told investors that the "AMD piece really fits into how" the company's technology stack operates. Rackspace also stated that the AMD partnership "give[s] [the Company] confidence in the full year Private Cloud growth profile."As alleged, in truth, the company's AI efforts would require Rackspace to significantly re-prioritize its capacity and pull capacity away from revenue generating segments.Why did Rackspace's Stock Drop?On July 9, 2026, Rackspace revealed that its AI investments would require a significant re-prioritization of resources and a "transition away" from certain revenue generating segments. As a result, Rackspace revealed it was cutting its full year 2026 revenue guidance by $150 million and its full year Private Cloud revenue outlook by $25 million.This news caused the price of Rackspace stock to decline $2.21 per share, or 33.6%, from a closing price of $6.58 per share on July 8, 2026, to $4.37 per share on July 9, 2026.Click here for more information: https://www.bfalaw.com/cases/rackspace-class-action-lawsuit.What Can You Do?If you invested in Rackspace, you may have legal options and are encouraged to submit your information to the firm.All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.Submit your information by visiting:https://www.bfalaw.com/cases/rackspace-class-action-lawsuitWhy Bleichmar Fonti & Auld LLP?BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.For more information about BFA and its attorneys, please visit https://www.bfalaw.com.https://www.bfalaw.com/cases/rackspace-class-action-lawsuitAttorney advertising. Past results do not guarantee future outcomes. View original content to download multimedia:https://www.prnewswire.com/news-releases/rxt-stock-drop-rackspace-ai-efforts-lead-to-33-stock-drop-and-securities-fraud-class-action-for-investors-302841929.htmlSOURCE Bleichmar Fonti & Auld LLP Original: RXT Stock Drop: Rackspace AI Efforts Lead to 33% Stock Drop and Securities Fraud Class Action for Investors

Rackspace Technology, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - RXTAugust 3, 2026 3:33 AM
PR Newswire (US) LOS ANGELES, Aug. 3, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Rackspace Technology, Inc. ("Rackspace" or "the Company") (NASDAQ: RXT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of RXT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: May 7, 2026 to July 8, 2026DEADLINE: September 28, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Rackspace shifted resources away from its Private Cloud segment, shifting its capital and staff away from the profitable business to drive AI growth. The Company was also losing customers to cloud hyperscalers. Based on these facts, Rackspace's public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT:David J. SchwartzDJS Law Group274 White Plains Road, Suite 1 Eastchester, NY 10709Phone: 914-206-9742Email: David@djslawllp.com View original content:https://www.prnewswire.com/news-releases/rackspace-technology-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--rxt-302840822.htmlSOURCE DJS Law Group LLP Original: Rackspace Technology, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - RXT

RXT Class Action Notice: Rackspace Hit with Securities Fraud Lawsuit over AI Effort Misrepresentations – Investors Urged to Contact BFA Law by September 28 DeadlineJuly 31, 2026 4:07 PM
Business WireA securities fraud class action lawsuit has been filed on behalf of Rackspace investors after its stock plummeted 33.6% because Rackspace allegedly misled investors about its AI efforts and their impact on the company’s financial performance.Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Rackspace Technology, Inc. (NASDAQ:RXT) and certain of the company’s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws.If you invested in Rackspace, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/rackspace-class-action-lawsuit.Key Details of the Rackspace ($RXT) Class Action:Lead Plaintiff Deadline: September 28, 2026Alleged Misconduct: Securities fraud alleging that Rackspace misled investors about its AI efforts and their impact on the company’s financial performanceStock Drop: July 9, 2026 – 33.6% Stock DropCourt: U.S. District Court for the Southern District of New YorkAction: Contact BFA Law to discuss your rightsInvestors have until September 28, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Rackspace securities. The class action is pending in the U.S. District Court for the Southern District of New York. It is captioned Morgan-Reed v. Rackspace Technology, Inc., No. 26-cv-6491.Why is Rackspace Being Sued for Securities Fraud?Rackspace is a hybrid cloud and AI solutions company that operates physical infrastructure to host cloud services and artificial intelligence. The company also provides Rackspace AI, a portfolio of AI services to help organizations scale AI adoption.During the relevant period, the company announced it signed a memorandum of understanding with Advanced Micro Devices, Inc. (“AMD”) to assist in building out its AI infrastructure and enhance its AI capabilities. That same day, the company reaffirmed its full year revenue guidance.Rackspace told investors that the “AMD piece really fits into how” the company’s technology stack operates. Rackspace also stated that the AMD partnership “give[s] [the Company] confidence in the full year Private Cloud growth profile.”As alleged, in truth, the company’s AI efforts would require Rackspace to significantly re-prioritize its capacity and pull capacity away from revenue generating segments.Why did Rackspace’s Stock Drop?On July 9, 2026, Rackspace revealed that its AI investments would require a significant re-prioritization of resources and a “transition away” from certain revenue generating segments. As a result, Rackspace revealed it was cutting its full year 2026 revenue guidance by $150 million and its full year Private Cloud revenue outlook by $25 million.This news caused the price of Rackspace stock to decline $2.21 per share, or 33.6%, from a closing price of $6.58 per share on July 8, 2026, to $4.37 per share on July 9, 2026.Click here for more information: https://www.bfalaw.com/cases/rackspace-class-action-lawsuit.What Can You Do?If you invested in Rackspace, you may have legal options and are encouraged to submit your information to the firm.All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.Submit your information by visiting:https://www.bfalaw.com/cases/rackspace-class-action-lawsuitOr contact:
Adam McCall
adam@bfalaw.com
212.789.3619Why Bleichmar Fonti & Auld LLP?BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.For more information about BFA and its attorneys, please visit https://www.bfalaw.com.https://www.bfalaw.com/cases/rackspace-class-action-lawsuitAttorney advertising. Past results do not guarantee future outcomes.View source version on businesswire.com: https://www.businesswire.com/news/home/20260731253403/en/Adam McCall
adam@bfalaw.com
212.789.3619 Original: RXT Class Action Notice: Rackspace Hit with Securities Fraud Lawsuit over AI Effort Misrepresentations – Investors Urged to Contact BFA Law by September 28 Deadline

Rackspace Technology, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – RXTJuly 31, 2026 7:30 AM
Business WireThe DJS Law Group reminds investors of a class action lawsuit against Rackspace Technology, Inc. (“Rackspace” or “the Company”) (NASDAQ: RXT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of RXT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: May 7, 2026 to July 8, 2026DEADLINE: September 28, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Rackspace shifted resources away from its Private Cloud segment, shifting its capital and staff away from the profitable business to drive AI growth. The Company was also losing customers to cloud hyperscalers. Based on these facts, Rackspace’s public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group’s primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.View source version on businesswire.com: https://www.businesswire.com/news/home/20260731507556/en/David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com Original: Rackspace Technology, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – RXT

Rackspace Technology, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - RXTJuly 31, 2026 3:08 AM
PR Newswire (US) LOS ANGELES, July 31, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Rackspace Technology, Inc. ("Rackspace" or "the Company") (NASDAQ: RXT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of RXT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: May 7, 2026 to July 8, 2026DEADLINE: September 28, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Rackspace shifted resources away from its Private Cloud segment, shifting its capital and staff away from the profitable business to drive AI growth. The Company was also losing customers to cloud hyperscalers. Based on these facts, Rackspace's public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com View original content:https://www.prnewswire.com/news-releases/rackspace-technology-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--rxt-302839690.htmlSOURCE DJS Law Group LLP Original: Rackspace Technology, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - RXT

$RXT SpaceX, Plug Power, and NASA

SpaceX and Plug Power are both innovative technology companies, but they operate in different sectors and do not currently have a publicly announced partnership.

SpaceX is an aerospace company founded by Elon Musk that designs and launches rockets, spacecraft, and satellites. Its Starship launch system uses liquid methane and liquid oxygen, powered by the Raptor engine. SpaceX selected methane because it is well suited for reusable rockets, is easier to store than liquid hydrogen, and could eventually be produced on Mars using local resources.

Plug Power is a hydrogen technology company specializing in hydrogen fuel cells, electrolyzers, liquid hydrogen production, and hydrogen infrastructure. The company focuses on expanding the use of hydrogen as a clean energy source for transportation, industrial applications, and energy systems.

In 2025, NASA awarded Plug Power its first liquid hydrogen supply contract. Under the agreement, Plug Power will supply up to approximately 480,000 pounds (about 218,000 kilograms) of liquid hydrogen to NASA's Glenn Research Center in Ohio and the Neil A. Armstrong Test Facility. The contract has a maximum value of approximately $2.8 million and supports NASA's research, testing, and aerospace operations. This award demonstrates that Plug Power's hydrogen meets NASA's demanding standards for purity, reliability, and performance.

NASA also awarded a much larger liquid hydrogen supply contract to Air Products for other NASA facilities, including Kennedy Space Center, where liquid hydrogen is used with liquid oxygen as fuel for cryogenic rocket systems.

Although NASA uses liquid hydrogen for many of its space and research programs, SpaceX currently does not. Starship continues to use liquid methane and liquid oxygen, and SpaceX has not announced any plans to adopt Plug Power's hydrogen technology or switch its engines to liquid hydrogen.

In summary, Plug Power has established a business relationship with NASA through its liquid hydrogen supply contract, while SpaceX continues to pursue a different propulsion strategy based on methane. At present, there is no public evidence of a commercial partnership between SpaceX and Plug Power.

Rackspace Shares Rise Despite Lower FY26 Outlook as Company Expands AI Strategy (RXT)July 9, 2026 10:05 AM
IH Market News Rackspace Lowers Full-Year Guidance Rackspace Technology (NASDAQ:RXT) revised its fiscal 2026 outlook lower, reducing its revenue forecast by $150 million and cutting its adjusted EBITDA guidance by $20 million, while outlining plans to accelerate its enterprise artificial intelligence business. The company attributed the weaker outlook to ongoing supply constraints, geopolitical uncertainty and a strategic decision to exit lower-margin operations. Rackspace now expects full-year revenue of between $2.45 billion and $2.55 billion, compared with its previous forecast of $2.6 billion to $2.7 billion. Adjusted EBITDA is now projected at $285 million to $295 million, down from the prior range of $305 million to $315 million. Despite the lower guidance, the company expects its adjusted EBITDA margin to remain around 12%. Strategic Business Changes Affect Revenue Most of the revenue reduction comes from Rackspace’s public cloud business, which accounts for approximately $125 million of the revised outlook. The company said it is reducing lower-margin cloud resale activity as hyperscale providers increasingly move customers to direct contracts. The remaining $25 million reduction relates to the private cloud segment, where Rackspace is scaling back colocation and traditional hosting services to free up capacity for enterprise AI workloads. For the second quarter of 2026, preliminary results indicate revenue of between $641 million and $649 million, a GAAP net loss ranging from $91 million to $62 million, and adjusted EBITDA of $58 million to $62 million. Palantir Partnership Supports AI Expansion Separately, Rackspace announced a definitive agreement with Palantir to deploy Palantir Foundry and Artificial Intelligence Platform (AIP) across mid-market, regulated and sovereign cloud environments. Under the agreement, Rackspace has been designated as a preferred deployment partner and currently has approximately 400 Palantir-certified professionals across its workforce. The companies also revealed they completed their first joint implementation for a U.S.-based solar tracking manufacturer in less than two months. Rackspace shares rose 8% following the announcement. AI Growth Targets Extended The company also announced a capital raise, although financial details were not disclosed. Looking ahead, Rackspace plans to increase its enterprise AI infrastructure to 15 megawatts by the end of 2027 and expand capacity to 30 megawatts by the end of 2028. At full deployment, management expects the AI business to generate annual revenue of between $450 million and $600 million, with adjusted EBITDA margins exceeding 50%. Rackspace Technology stock priceThe post Rackspace Shares Rise Despite Lower FY26 Outlook as Company Expands AI Strategy (RXT) appeared first on US Editors. Original: Rackspace Shares Rise Despite Lower FY26 Outlook as Company Expands AI Strategy (RXT)

RXT........................................https://stockcharts.com/sc3/ui/?s=RXT&p=w&b=5&g=0&id=p86431144783

Rackspace Shares Jump 30% After Securing AMD-Powered AI Infrastructure Agreement (RXT)June 16, 2026 8:10 AM
IH Market News Major AI Compute Partnership Boosts Rackspace Stock Rackspace Technology (NASDAQ:RXT) shares surged 30% on Tuesday after the company announced a definitive agreement with AMD (NASDAQ:AMD) to deploy 30 megawatts of AI computing infrastructure powered by AMD technology. The deal formalizes the Memorandum of Understanding the two companies unveiled on May 7, 2026, and establishes AMD as a key strategic technology partner within Rackspace’s managed artificial intelligence platform. Global Deployment Scheduled Through 2028 Under the agreement, the infrastructure rollout will take place in phases across Rackspace’s worldwide data center network beginning in late 2026 and continuing through 2028. The deployment is expected to significantly expand Rackspace’s AI computing capabilities as enterprises increase investment in large-scale artificial intelligence applications and data-intensive workloads. Next-Generation AMD Hardware at the Core The platform will be built around AMD’s latest AI and data center technologies, including Instinct MI355X and MI350P graphics processing units, alongside AMD EPYC central processing units. These components will be integrated into Rackspace’s Enterprise AI Cloud architecture, which is designed to support enterprise customers operating in highly regulated industries. Healthcare organizations have already shown interest in the platform for clinical AI applications and large-scale inference workloads, according to the companies. Focus on Regulated Enterprise Markets Rackspace said the collaboration is specifically aimed at organizations that require secure, governed and compliant AI infrastructure. “Enterprises in regulated industries need AI infrastructure that is governed from the ground up, with one operator accountable for business outcomes, not a collection of vendors each owning a piece,” said Gajen Kandiah, CEO of Rackspace Technology. The company believes the integrated model will simplify AI deployment for businesses navigating complex regulatory requirements. Joint Sales Effort to Drive Customer Adoption Rackspace and AMD plan to dedicate commercial resources to expanding adoption of the new AI infrastructure offering. Teams from both companies will work together to identify opportunities and develop relationships with enterprise customers seeking advanced AI computing capabilities. The focus will be on organizations transitioning from experimental AI projects toward large-scale deployment of AI-powered workflows within core business operations. New Managed AI Services Planned The agreement is expected to accelerate the rollout of several AI-focused services, including Enterprise AI Cloud, Enterprise Inference Engine, Inference as a Service and Bare Metal AMD Instinct solutions. Together, these offerings are intended to create a new category of managed enterprise AI infrastructure, giving customers access to scalable computing resources designed to support increasingly sophisticated artificial intelligence applications. The partnership positions both companies to capitalize on growing demand for enterprise-grade AI platforms as organizations seek to move beyond pilot projects and deploy AI across mission-critical systems. Rackspace Technology stock price Advanced Micro Devices stock price Original: Rackspace Shares Jump 30% After Securing AMD-Powered AI Infrastructure Agreement (RXT)

Looks like this will go to 10.2 months ago I thought something like that. One month ago it falls and I’ve read a negative comment and sold to save my gains, than I missed to go back in.F….Okey, the negative comment is not a lie or a misinformation, but obviously not really relevant right now.That socks a lot.

RXT is an animal. It got beat down to under 1.00, but this thing is deserving of an absolute moonshot.

Good fortune to all.

Rackspace Technology (RXT) Extends Rally as Short Covering Accelerates GainsMay 11, 2026 9:53 AM
IH Market News Rackspace Technology (NASDAQ:RXT) shares climbed as much as 10% on Monday morning, continuing the strong momentum seen after last week’s explosive rally.The stock surged 56% on Friday and has now gained more than 200% since the company released earnings and announced a strategic partnership with AMD on May 7. Short Covering Appears to Fuel Momentum Recent gains in Rackspace shares appear to have been amplified by short covering activity.According to the latest published market data, approximately 24.55% of the company’s outstanding shares were sold short, with the days-to-cover ratio standing at 3.1.The sharp upward move likely forced some bearish investors to close positions, adding further buying pressure to the stock. AMD Partnership Focuses on Enterprise AI Infrastructure Last week, Rackspace Technology and AMD announced a Memorandum of Understanding outlining plans for a multiyear strategic partnership centered on enterprise artificial intelligence infrastructure.The collaboration aims to create an Enterprise AI Cloud platform tailored for regulated industries and sovereign workloads.Under the agreement, the companies plan to integrate AMD Instinct GPUs and EPYC CPUs into a fully managed and governed AI stack.Rackspace said it intends to manage the entire platform stack, spanning from semiconductor hardware through to enterprise AI deployment and operational outcomes.Rackspace Technology stock price Original: Rackspace Technology (RXT) Extends Rally as Short Covering Accelerates Gains

RXT...............................p/m

Rackspace and AMD partner on AI infrastructure for regulated industriesMay 7, 2026 9:38 AM
IH Market News Rackspace Technology (NASDAQ:RXT) and AMD (NASDAQ:AMD) announced a multiyear strategic collaboration focused on developing enterprise artificial intelligence infrastructure tailored for regulated sectors.The companies said they signed a memorandum of understanding to pursue the creation of an Enterprise AI Cloud designed for organizations that require strong security, governance, and accountability standards. Collaboration centered on managed AI infrastructure Under the proposed partnership, the companies plan to combine AMD Instinct GPUs and EPYC CPUs within a fully managed infrastructure platform.Rackspace would oversee the complete technology environment, ranging from hardware systems to application management, offering an alternative to current enterprise models where customers typically lease GPU capacity by the hour and manage operations independently. Four AI-focused service offerings proposed The framework outlined by the companies includes four potential solutions.The Enterprise AI Cloud would provide customers with a fully managed private AI environment.The Enterprise Inference Engine is intended to function as a context-aware runtime platform.Inference as a Service would deliver managed AMD Instinct GPU infrastructure along with development and deployment tools.Meanwhile, Bare Metal AMD Instinct would offer dedicated hardware resources for highly specialized AI workloads. Executives emphasize governance and enterprise deployment “As enterprises move AI out of the lab and into production environments, they’re asking who they can trust to run it there,” said Gajen Kandiah, CEO of Rackspace Technology. “Governing AI infrastructure in regulated environments with defined accountability is not something you bolt on after the fact.”Dan McNamara, senior vice president and general manager of Compute & Enterprise AI at AMD, said the collaboration is designed to bring AMD AI computing capabilities into managed private environments for enterprise deployment. Agreement remains preliminary The companies noted that the memorandum of understanding serves only as a framework for possible future collaboration and does not represent binding obligations for either party.They added that no final agreements have been completed and discussions are still in the early stages. More about Rackspace and AMD Rackspace Technology provides cloud computing, managed hosting, and infrastructure services for enterprise customers across public, private, and hybrid cloud environments. AMD develops high-performance computing technologies including CPUs, GPUs, and AI accelerators used in data centers, cloud infrastructure, PCs, and enterprise AI applications.Rackspace Technology stock priceAdvanced Micro Devices stock price Original: Rackspace and AMD partner on AI infrastructure for regulated industries

RXT....................................p/m

RXT.......................https://stockcharts.com/sc3/ui/?s=RXT&p=w&b=5&g=0&id=p86431144783

RXT.......................https://stockcharts.com/sc3/ui/?s=RXT&p=w&b=5&g=0&id=p86431144783

Are there some new caused the jump🤷‍♂️

RXT.........................https://stockcharts.com/sc3/ui/?s=RXT&p=w&b=5&g=0&id=p86431144783

Alta, Wyoming--(Newsfile Corp. - March 26, 2026) - Cannell Capital LLC - Cannell Capital LLC ("CC") sends this letter to Rackspace and its shareholders. "That quirky investment company which has managed private investment partnerships continually since the good summer of 1992 - brings forth to the public the letter by Mr. Gajen Kandiah, CEO of Rackspace Technology, Inc. in response to our "icebergs ahead" warning. "The dance is over. The punchbowl has been removed. "Between credit and equity, our money is with credit. Accordingly, we have sold the equity after a 321% run. "Caveat emptor," said J. Carlo Cannell, Managing Member. 
March 6, 2026 
Board of Directors?Rackspace Technology, Inc. ("RXT")?1718 Dry Creek Way?San Antonio, TX 78259-1837 Accounts under the purview of Cannell Capital LLC ("CC") have acquired sundry debt securities of Rackspace Technology, Inc. We are delighted with 1) The general progress that RXT has made; 2) The specific and recent Palantir win; and 3) RXT's enviable position in the hybrid cloud managed services space. We are not delighted with 1) The long slog we have endured to talk to management;1 2) The looming tsunami of debt; and 3) As far as we can see, apathy and / or ignorance toward said tsunami. Where is the plan to recapitalize the company? Is there a plan? 
Accordingly, I or a colleague hereby register our interest in serving on the inevitable creditor committee. In March 2024, Abry Partners and Apollo Global Management LLC helped negotiate the $375 million debt reduction and $275 million new money. Today's situation is more dire, however. Most of RXT's debt of $3.3 billion goes current in 14 months. At best RXT can generate $300 million of free cash flow in the next two years. The market pegs your junior debt with a yield to maturity of 78% - a sobering but realistic mark in the event of a refinancing. On February 18, 2026, 542,491,528 shares of RXT traded. The stock was up 468% in the 13 trading days that followed. The prudent thing would be to sell equity into this to ameliorate some of the debt. We believe that RXT has neither an at-the-market offering in place nor a plan to issue equity. (We do not know such definitively because while the company apparently speaks regularly to the few security analysts who follow it, it apparently does not speak to owners - or at least not to us.) 
Best regards, /x/?J. Carlo Cannell?Managing Member 


Credit versus Equity: Credit Always Prevails To quote Warren Buffett "References to EBITDA make us shudder - does management think the tooth fairy pays for capital expenditures?"2 In other words, EBITDA represents earnings "before all the bad stuff". Buffett seemed to warn us that any management that talks about EBITDA is either trying to deceive you or is deceiving themselves. Charlie Munger was less diplomatic. Of EBITDA he said "[N]ow they use it in the business schools. ...that is horror squared. [I]t's bad enough that a bunch of thieves start using a term. But when it gets so common that the business schools copy it, that's not a good result." To wit, Rackspace Technology (RXT) for which Alpha Spread predicts a "meaningful chance of default" and the Altman Z-Score is (2.4). RXT's interest coverage ratio is (1.87), meaning it is not currently generating enough operating profit to cover its interest payments on its $3.2 billion in debt. Here are the facts ($ million, FY Dec): Market Cap $409 Debt $3,198 EV $3,463 LTM Interest Expense $80 LTM FCF $69   Rackspace Technology is a managed service provider which helps businesses design, build, and operate their infrastructure across hybrid cloud environments. A former highflyer which led the charge for alternatives to legacy solutions for on-premises hosting, it has devolved to a baby Accenture with no growth and a GPM of 19.7% (LTM). LTM FCF was $69 million. Let's say that it expands to $100 million in 2026. RXT has two years to address $3.2 billion of debt. The crunch is about to happen. The stock is technically devoid of value as I write. In the last 30 days, the common was up 338% based upon a suspect announcement of an expansion of business with pre-existing customer Palantir. A month ago, the junior debt yielded 89%. You know what that means. A credit committee is probably in the bullpen. In his 2000 letter to shareholders, Warren Buffett noted that many dot-com and telecom companies had massive EBITDA but even more massive interest expenses. When the interest expense exceeds the actual cash coming in, the "EBITDA" becomes a meaningless number on a path to bankruptcy. Cannell Capital LLC?Alta, WY

https://images.newsfilecorp.com/files/8612/289805_e838c7bc44b5bbed_002full.jpg


https://www.newsfilecorp.com/release/289805

Gap filling until .4 or so ✊

No next jump 

Maybe consolidation till next jump.Will see

Basically, I don’t know. Just guessing and wondering 🤔.They have lots of depth, but if they got a turnaround…….

Someone with business acumen can probably do a better job…. 
I currently don’t own…
People/Companies who project prices generally have biases… not always correct ones!  Sounds like your gut is dialed in to me… I have a saying that I picked up years ago… when in doubt? Throw it out. 

That means that’s too expensive now.But are price targets really useful ?

What a joke with UBSraising the price target from $1.35 to 2 dollars

It’s just 30% freefloat.Just wondering why it’s not 10 or 20 bucks per share🤷‍♂️

RXT NVDA PLTR -are they sharing the same bed or what

Exit

After hours surge

Okay, below a buck is unlikely this time. Maybe turnaround is possible.Nobody could see it before.

RXT 2.27 pivot triggers 2.52

🙈 I missed it too! 

RXT running to 2.25

Rackspace Technology narrows losses as cloud shift and AI strategy shape 2026 outlookFebruary 26, 2026 10:51 AM
IH Market News
Rackspace Technology (NASDAQ:RXT) reported fourth-quarter and full-year 2025 results highlighting improving profitability and a strategic pivot toward enterprise cloud and artificial intelligence services, as the hybrid cloud provider positions itself for renewed growth in 2026.Chief Executive Officer Gajen Kandiah said the latest quarter marked a turning point for the company’s transformation efforts.“Q4 capped a year of meaningful progress and marks a clear inflection point for Rackspace. We made the structural decisions that position us to win — a sharpened focus, the right leadership team, anchor partnerships, and a platform engineering model purpose-built for enterprise AI in regulated environments,” Kandiah stated.He added that the company’s forward outlook reflects accelerating momentum across its core platforms. “Our 2026 outlook reflects that transition taking hold. Private Cloud is expected to grow year-over-year for the first time in years, and Public Cloud services continue to expand as we deliberately shift toward higher-value enterprise engagements. Together, they form the foundation on which AI is emerging as a tangible and self-reinforcing growth vector. We do not just advise on the journey. We build it, run it, and stay accountable for outcomes. That is what makes Rackspace different, and that is exactly the partner enterprises need right now.”



Fourth-quarter performance



Revenue for the fourth quarter totaled $683 million, broadly stable year over year, slipping 0.4% on a reported basis from $686 million in the same period of 2024 and declining 1% in constant currency terms.Private Cloud revenue fell 10% year over year to $241 million, reflecting continued pressure in legacy offerings, while Public Cloud revenue rose 6% to $442 million, driven by expanding enterprise engagements and ongoing demand for cloud modernization services.Operating losses narrowed significantly to $(3) million from $(29) million a year earlier. Net loss improved to $(33) million compared with $(56) million in the prior-year quarter, while diluted loss per share improved to $(0.13) from $(0.25).Non-GAAP operating profit increased to $41 million from $39 million, and non-GAAP loss per share improved to $(0.01) from $(0.02). Capital expenditures rose to $48 million, up from $27 million in the fourth quarter of 2024.



Full-year 2025 results



For the full year, Rackspace generated revenue of $2.69 billion, down 2% from $2.74 billion in 2024.Private Cloud revenue declined 6% to $990 million, while Public Cloud revenue edged 1% higher to $1.70 billion, reflecting the company’s ongoing transition toward higher-value cloud services.Operating loss improved sharply to $(101) million from $(909) million in 2024, while net loss narrowed to $(226) million from $(858) million the prior year. Diluted loss per share improved to $(0.95) compared with $(3.82) in 2024.Non-GAAP operating profit rose 19% year over year to $126 million, and non-GAAP loss per share improved to $(0.18) from $(0.27). Capital expenditures totaled $139 million, broadly in line with the prior year’s $136 million.



Balance sheet and liquidity



As of December 31, 2025, Rackspace held $106 million in cash and cash equivalents and total liquidity of $397 million, including availability under its new revolving credit facility, providing financial flexibility as the company continues investing in enterprise cloud and AI capabilities.Rackspace Technology stock price

Original: Rackspace Technology narrows losses as cloud shift and AI strategy shape 2026 outlook

Krispy Kreme much better than this here

It’s just premarket push.

rxt............................................................P/M

You may get it!! 👏
It was stagnant early today so I pushed my cash into another stock for time being!  
May be back? 

Let’s see what happens tomorrow.

Evidently your hopes and dreams!  lol under a buck… really don’t think it’s in store. 🥴

Looks not promising, if the numbers can’t surprise positive, it could go back below a buck

Back in this morning…. 
We will see if it’s a bad idea?