Tag: Rackspace

Rackspace Technology, Inc. (RXT) Q4 2020 Earnings Call Transcript

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Image source: The Motley Fool.

Rackspace Technology, Inc. (NASDAQ:RXT)
Q4 2020 Earnings Call
Feb 18, 2021, 5:00 p.m. ET

Contents:

  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:

Operator

Greetings, and welcome to Rackspace Technology fourth-quarter 2020 earnings conference call. [Operator instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Joe Crivelli, vice president of investor relations.

Joe CrivelliVice President of Investor Relations

Good afternoon, everyone. Welcome to Rackspace Technology’s fourth-quarter 2020 earnings conference call. with me today are Kevin Jones, our chief executive

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Why Rackspace Technology Stock Popped Today

What happened

Shares of Rackspace Technology (NASDAQ:RXT) have popped today, up by 12% as of 12:30 p.m. EST, after the Oppenheimer initiated coverage on the stock with an outperform rating alongside a price target of $28, which represents over 40% upside from yesterday’s close. The company separately said that it was refinancing some debt.

So what

Analyst Timothy Horan is bullish on Rackspace as a pure-play way to invest in enterprise public cloud adoption. The technology specialist offers a multicloud service that supports all three of the major public cloud infrastructure providers. Companies need to shift to cloud-native operations or

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Rackspace Technology, Inc. (RXT) Q3 2020 Earnings Call Transcript

Logo of jester cap with thought bubble.

Image source: The Motley Fool.

Rackspace Technology, Inc. (NASDAQ:RXT)
Q3 2020 Earnings Call
Nov 10, 2020, 5:00 p.m. ET

Contents:

  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:

Operator

Thank you for standing by. This is the conference operator. Welcome to the Rackspace Technology third-quarter 2020 earnings call. [Operator Instructions] I would now like to turn the conference over to Joe Crivelli, vice president, investor relations.

Please go ahead.

Joe CrivelliVice President, Investor Relations

Good afternoon, everyone. Welcome to Rackspace Technology’s third-quarter 2020 earnings conference call. I’m Joe Crivelli, and with me on the call today

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Rackspace Technology, Inc. Files Registration Statement for Proposed Initial Public Offering

SAN ANTONIO–(BUSINESS WIRE)–Rackspace Technology, Inc. (“Rackspace Technology”) today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. Rackspace Technology has applied for listing its common stock on the Nasdaq Global Select Market under the ticker symbol “RXT”. The number of shares to be offered and the price range for the proposed offering have not yet been determined.

Goldman Sachs & Co. LLC, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are serving as joint lead book-running managers and as representatives

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