Rackspace Technology Inc

NASDAQ RXT

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Rackspace Technology Inc Price to Sales Ratio (P/S) on June 03, 2024: 0.16

Rackspace Technology Inc Price to Sales Ratio (P/S) is 0.16 on June 03, 2024, a 38.60% change year over year. The price to sales ratio compares the market price per share of a company's stock to its sales revenue per share. It is calculated by dividing the market capitalization by the revenue, divided by the number of outstanding shares. This ratio provides insights into the market's valuation of a company's sales revenue. A higher ratio suggests that investors are willing to pay a higher price for each unit of sales revenue, indicating positive market sentiment and expectations for future revenue growth.
  • Rackspace Technology Inc 52-week high Price to Sales Ratio (P/S) is 0.20 on July 19, 2023, which is 22.97% above the current Price to Sales Ratio (P/S).
  • Rackspace Technology Inc 52-week low Price to Sales Ratio (P/S) is 0.08 on October 27, 2023, which is -49.29% below the current Price to Sales Ratio (P/S).
  • Rackspace Technology Inc average Price to Sales Ratio (P/S) for the last 52 weeks is 0.13.
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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