rackspace earnings 2020

Shares of cloud-service provider Rackspace Technology fell 20% in trading after its initial public offering, opening at $16.85 on Wednesday. August 6, 2020 Rackspace Falls 20% After IPO The company similarly flopped in its initial debut 12 years ago. Current and historical p/e ratio for Rackspace Technology (RXT) from 2020 to 2020. The new note on the price target was released on August 31, 2020, representing the official price target for Rackspace Technology Inc. stock. The price to earnings ratio is calculated by taking the latest closing price and dividing it by the most recent earnings per share (EPS) number. Previously, the target price had yet another raise to $28, while JP Morgan analysts kept a Overweight rating on RXT stock. Rackspace Technology Inc. starts 2021 as a different company than the one that started 2020. Rackspace Technology, Inc. (NASDAQ:RXT)’s Major holders Insiders own 0.99% of the company shares, while shares held by institutions stand at 95.69% with a share float percentage of 96.65%. Rackspace Stock Up Pre-Earnings - What Wall Street Is Saying Rackspace shares rise as the cloud-management-service provider's post-IPO quiet period ends and a … The Earnings Whisper number was $0.20 per share. The company also provided guidance above the consensus estimates. William Sprouse. Rackspace Technology (RXT) reported 3rd Quarter September 2020 earnings of $0.19 per share on revenue of $681.7 million. This comes after reporting adjusted earnings … Earnings growth for 2021 is a modest +78.3% while over the next 5 years, the company’s earnings are expected to increase by 63.39%. The PE ratio is a simple way to assess whether a stock is over or under valued and is the most widely used valuation measure. Rackspace Technology (NASDAQ:RXT) earnings for the cloud company’s second quarter of 2020 have RXT stock falling after markets closed on Monday. Rackspace Technology to Announce Fourth Quarter and Full Year 2020 Earnings on Thursday, February 18, 2021 Adjusted Earnings Per Share was $0.19 in the third quarter of 2020, an increase of 36% as compared to Adjusted Earnings Per Share of $0.14 in the third quarter of 2019. Besides going from private equity-owned to publicly traded in … Home / Top News / Rackspace Technology to Announce Fourth Quarter and Full Year 2020 Earnings on Thursday, February 18, 2021. Rackspace Technology to Announce Fourth Quarter and Full Year 2020 Earnings on Thursday, February 18, 2021 Email Print Friendly Share January 19, 2021 11:00 ET | Source: Rackspace … The consensus earnings estimate was $0.18 per share on revenue of $681.9 million.

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