Rackspace Tech: Q2 Earnings Insights
Rackspace Tech (NASDAQ:RXT) reported its Q2 earnings results on Tuesday, August 9, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Rackspace Sees Q3 2022 Revenue $769M-$779M Vs $818.18M Est
Financial Outlook
Rackspace Technology is providing guidance as follows:
Q3 2022 Guidance
Revenue
$769 - $779 million
Core Revenue
$733 - $741
Earnings Scheduled For August 9, 2022
Companies Reporting Before The Bell
• Cognition Therapeutics (NASDAQ:CGTX) is estimated to report earnings for its second quarter.
Rackspace Technology Announces GOLD Partnership With Datadog; Terms Not Disclosed
Rackspace Technology® (NASDAQ:RXT), a leading end-to-end, multicloud technology solutions company, today announced that it has been upgraded to a GOLD partnership with Datadog, Inc. (NASDAQ:DDOG), the monitoring
Analyst Ratings for Rackspace Tech
Within the last quarter, Rackspace Tech (NASDAQ:RXT) has observed the following analyst ratings:
Evercore ISI Group Maintains Outperform on Rackspace Tech, Lowers Price Target to $10
Evercore ISI Group analyst Amit Daryanani maintains Rackspace Tech (NASDAQ:RXT) with a Outperform and lowers the price target from $11 to $10.
Rackspace Technology’s Return on Invested Capital Overview
According to Benzinga Pro data, during Q1, Rackspace Technology (NASDAQ:RXT) posted sales of $775.50 million. Earnings were up 53.56%, but Rackspace Technology still reported an overall loss of $38.50 million.
Credit Suisse Maintains Outperform on Rackspace Tech, Lowers Price Target to $15
Credit Suisse analyst Kevin Mcveigh maintains Rackspace Tech (NASDAQ:RXT) with a Outperform and lowers the price target from $19 to $15.