RXT Rackspace Technology
Our Mission Embrace technology. Empower customers. Deliver the future. We are a leading end-to-end multicloud technology services company. We 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. We serve our customers with a unique combination of proprietary technology resulting from over $1 billion of investment and services expertise from a team of highly skilled consultants and engineers. And we provide our customers with unbiased expertise and technology solutions, delivered over the world’s leading cloud services, all wrapped in a Fanatical Experience.
Company profile
Ticker
RXT
Exchange
Website
CEO
Kevin Jones
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Alphabet • Facebook • IHS Markit • Sabre • IAC InterActiveCorp. • Twitter • Baidu • Snap • Yandex • DouYu International ...
Former names
Rackspace Corp.
SEC CIK
Corporate docs
IRS number
813369925
RXT stock data
()
News
80 Biggest Movers From Friday
22 Feb 21
Mid-Afternoon Market Update: S&P 500 Turns Negative; Vaccinex Shares Spike Higher
19 Feb 21
12 Information Technology Stocks Moving In Friday's Intraday Session
19 Feb 21
Mid-Day Market Update: JMP Group Jumps After Q4 Earnings; PDF Solutions Shares Plummet
19 Feb 21
58 Stocks Moving In Friday's Mid-Day Session
19 Feb 21
Press releases
Rackspace Technology Named Cloudflare Worldwide MSP Partner of the Year
24 Feb 21
CORRECTING and REPLACING - Rackspace Technology Reports Fourth Quarter and Full Year 2020 Results
18 Feb 21
Rackspace Technology Reports Fourth Quarter and Full Year 2020 Results
18 Feb 21
Rackspace Technology Inc to Host Earnings Call
18 Feb 21
Rackspace Technology Named the CloudHealth Global Partner of the Year
16 Feb 21
Calendar
26 Feb 21
4 Mar 21
31 Dec 21
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|
| Revenue | ||||
| Cost of revenue | ||||
| Operating income | ||||
| Operating margin | ||||
| Net income | ||||
| Net profit margin | ||||
| Cash on hand | ||||
| Change in cash | ||||
| Diluted EPS |
Annual (USD) |
Dec 20 | |
|---|---|---|
| Revenue | ||
| Cost of revenue | ||
| Operating income | ||
| Operating margin | ||
| Net income | ||
| Net profit margin | ||
| Cash on hand | ||
| Change in cash | ||
| Diluted EPS |
Financial data from company earnings reports.
| Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | |||
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 108.1M | 108.1M | 108.1M | |||
| Cash burn (monthly) | 49.47M | 32.2M | (positive/no burn) | |||
| Cash used (since last report) | 104.8M | 68.22M | n/a | |||
| Cash remaining | 3.3M | 39.88M | n/a | |||
| Runway (months of cash) | 0.1 | 1.2 | n/a | |||
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mar 21 | Thomas Wolf | Common Stock, par value $0.01 | Sell | Dispose S | No | No | 20.6565 | 19,999 | 413.11K | 8,192 |
| 1 Mar 21 | Thomas Wolf | Common Stock, par value $0.01 | Option exercise | Aquire M | No | No | 12.97 | 19,999 | 259.39K | 28,191 |
| 1 Mar 21 | Thomas Wolf | Employee Stock Option Common Stock | Option exercise | Dispose M | No | No | 12.97 | 19,999 | 259.39K | 79,997 |
| 9 Feb 21 | Holly B. Windham | Common Stock, par value $0.01 | Sell | Dispose S | No | Yes | 22.5957 | 29,128 | 658.17K | 73,920 |
| 9 Feb 21 | Subroto Mukerji | Common Stock, par value $0.01 | Sell | Dispose S | No | Yes | 22.5978 | 25,182 | 569.06K | 0 |
| 5 Feb 21 | Holly B. Windham | Common Stock, par value $0.01 | Payment of exercise | Dispose F | No | No | 21.4532 | 17,800 | 381.87K | 103,048 |
| 5 Feb 21 | Holly B. Windham | Common Stock, par value $0.01 | Payment of exercise | Dispose F | No | No | 21.455 | 2,334 | 50.08K | 120,848 |
| 5 Feb 21 | Tolga Tarhan | Common Stock | Payment of exercise | Dispose F | No | No | 21.4607 | 7,888 | 169.28K | 14,705 |
| 5 Feb 21 | Tolga Tarhan | Common Stock | Payment of exercise | Dispose F | No | No | 21.4555 | 1,003 | 21.52K | 22,593 |
Institutional ownership Q4 2020
84.7% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 124 |
| Opened positions | 38 |
| Closed positions | 22 |
| Increased positions | 41 |
| Reduced positions | 23 |
13F shares |
Current |
|---|---|
| Total value | 3.32B |
| Total shares | 174.04M |
| Total puts | 530.1K |
| Total calls | 1.22M |
| Total put/call ratio | 0.4 |
Largest owners |
Shares | Value |
|---|---|---|
| Apollo Management | 129.61M | $2.47B |
| Searchlight Capital Partners | 12M | $228.72M |
| Boston Partners | 5.41M | $103.07M |
| BLK Blackrock | 2.75M | $52.49M |
| Vanguard | 2.72M | $51.84M |
| Rubric Capital Management | 2.47M | $47.14M |
| Norges Bank | 2.07M | $39.43M |
| Point72 Asset Management | 2.06M | $39.24M |
| TFC Truist Financial | 1.63M | $31.07M |
| FMR | 1.35M | $25.78M |
Financial report summary
?Management Discussion
- We discuss our historical results of operations, and the key components of those results, below. Past financial results are not necessarily indicative of future results.
- NM = not meaningful.
- Revenue increased $269 million, or 11.0%, to $2,707 million in 2020 from $2,438 million in 2019. Revenue was positively impacted by the acquisition of Onica in November 2019 as well as new customer acquisition and growing customer spend in our Multicloud Services and Apps & Cross Platform segments, as discussed below.
Content analysis
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Avg
|
|
Current reports
8-K
Regulation FD Disclosure
23 Feb 21
8-K/A
Rackspace Technology Reports Fourth Quarter and Full Year 2020 Results
18 Feb 21
8-K
Rackspace Technology Reports Fourth Quarter and Full Year 2020 Results
18 Feb 21
8-K
Entry into a Material Definitive Agreement
9 Feb 21
8-K
Unregistered Sales of Equity Securities
4 Feb 21
8-K
Rackspace Technology Announces Pricing of $550 Million Notes Offering by Rackspace Technology Global
2 Feb 21
8-K
Rackspace Technology Announces Proposed $550 Million Notes Offering by Rackspace Technology Global
2 Feb 21
8-K
Regulation FD Disclosure
26 Jan 21
8-K
Rackspace Technology Announces Final Results of Tender Offer
16 Dec 20
8-K
Departure of Directors or Certain Officers
4 Dec 20
Registration and prospectus
424B4
Prospectus supplement with pricing info
5 Aug 20
S-8
Registration of securities for employees
4 Aug 20
8-A12B
Registration of securities on exchange
3 Aug 20
S-1/A
IPO registration (amended)
27 Jul 20
S-1/A
IPO registration (amended)
20 Jul 20
S-1
IPO registration
10 Jul 20
DRS/A
Draft registration statement (amended)
17 Jun 20
DRSLTR
Correspondence regarding draft registration statement
17 Jun 20
DRS
Draft registration statement
5 May 20
Proxies
No filings
Other
EFFECT
Notice of effectiveness
5 Aug 20
CORRESP
Correspondence with SEC
2 Aug 20
CORRESP
Correspondence with SEC
22 Jul 20
CORRESP
Correspondence with SEC
19 Jul 20
UPLOAD
Letter from SEC
16 Jul 20
CORRESP
Correspondence with SEC
9 Jul 20
UPLOAD
Letter from SEC
28 Jun 20
UPLOAD
Letter from SEC
1 Jun 20
Ownership
4
Rackspace Technology / Thomas Wolf ownership change
2 Mar 21
SC 13G
Rackspace Technology / Apollo Management Holdings GP ownership change
12 Feb 21
SC 13G
Rackspace Technology / ABRY PARTNERS ownership change
12 Feb 21
SC 13G
Rackspace Technology / Searchlight Capital II ownership change
12 Feb 21
3
Rackspace Technology / Neil Emerson ownership change
10 Feb 21
4
Rackspace Technology / Subroto Mukerji ownership change
10 Feb 21
4
Rackspace Technology / Holly B. Windham ownership change
10 Feb 21
4
Rackspace Technology / Subroto Mukerji ownership change
9 Feb 21
4
Rackspace Technology / Holly B. Windham ownership change
9 Feb 21
4
Rackspace Technology / Tolga Tarhan ownership change
9 Feb 21
Reddit threads
Guess I am going to work tomorrow 😭💎🤲
2 Mar 21
Trading ideas that have worked. Yesterday's idea were awesome!
24 Feb 21
Ideas and plays in case we have a correction, a good thesis on why the correction as well. Good luck!
23 Feb 21
Daily Play, Yesterday it was better to go with the defensive play, today I will also have 2 picks in case market goes red, we must rotate sectors if there is correction
23 Feb 21
Morning Update for Friday, 02/19/21
19 Feb 21
(2/19) Friday's Pre-Market Stock Movers & News
19 Feb 21
(2/19) Friday's Pre-Market Stock Movers & News
19 Feb 21
Daily Discussion Thread - February 18th, 2021
18 Feb 21
Daily Discussion Thread - February 17th, 2021
17 Feb 21
Daily Discussion Thread - February 16th, 2021
16 Feb 21