Added to YB: 2026-07-28
Pitch date: 2026-07-24
RXT [neutral]
Rackspace Technology, Inc.
-1.78%
current return
Author Info
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Company Info
Rackspace Technology, Inc. operates as a hybrid cloud and artificial intelligence solutions company in the United States, the United Kingdom, and internationally.
Market Cap
$1.0B
Pitch Price
$3.93
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.16
P/E
-6.48
EV/Sales
1.53
Sector
IT Services
Category
turnaround
Rackspace Technology Global Inc. - $RXT
RXT (short): Cloud provider caught between $2.4B debt maturities through 2028 and high-capex AI pivot. AMD MOU spiked stock 200%+ but no revenue contract; legacy biz declining (rev, customers, RPO). Beneficial rate swap expired, interest costs rising. July 9 2026 $250M ATM offering + guidance cut dropped shares 25%; more dilution inevitable. Adj EBITDA masks GAAP reality. Cash cliff looming.
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