Rackspace Technology Inc

NASDAQ RXT

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Rackspace Technology Inc Market Capitalization on June 03, 2024: USD 470.09 M

Rackspace Technology Inc Market Capitalization is USD 470.09 M on June 03, 2024, a 27.56% change year over year. Market capitalization is a financial metric that represents the total value of a publicly traded company. It is calculated by multiplying the current share price of a company by the total number of outstanding shares. Market capitalization is used to assess the size and relative value of a company in the stock market. It provides investors with an idea of the company's overall worth and is often used as a basis for comparing companies within the same industry or sector. A higher market capitalization generally indicates a larger, more established company.
  • Rackspace Technology Inc 52-week high Market Capitalization is USD 625.42 M on July 19, 2023, which is 33.04% above the current Market Capitalization.
  • Rackspace Technology Inc 52-week low Market Capitalization is USD 251.03 M on October 27, 2023, which is -46.60% below the current Market Capitalization.
  • Rackspace Technology Inc average Market Capitalization for the last 52 weeks is USD 403.46 M.
NASDAQ: RXT

Rackspace Technology Inc

CEO Mr. Amar Maletira
IPO Date Aug. 5, 2020
Location United States
Headquarters 1 Fanatical Place, San Antonio, TX, United States, 78218
Employees 5,800
Sector Technology
Industry Software - infrastructure
Description

Rackspace Technology, Inc. operates as a multi cloud technology services company in the Americas, Europe, the Middle East, Africa, and The Asia-Pacific region. It operates through three segments: Multicloud Services, Apps & Cross Platform, and OpenStack Public Cloud. The company provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; professional services related to designing and building multi cloud solutions and cloud-native applications; and managed hosting and colocation services. It also helps customers establish governance, operational, and architectural frameworks to mitigate risks and reduce inefficiencies to manage costs, achieve industry-specific compliance objectives, and enhance security. In addition, the company offers managed applications, including running large-scale SaaS applications for customers on its and public cloud infrastructure; managed security services in the areas of security threat assessment and prevention, threat detection and response, rapid remediation, governance, and risk and compliance assistance across multiple cloud platforms, as well as privacy and data protection services, including detailed access restrictions and reporting; data services; and professional services related to designing and implementing application, security, and data services. Rackspace Technology, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.

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StockViz Staff

September 19, 2024

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