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NASDAQ: RXT
Rackspace Technology (RXT) stock, explained like you're 5
Rackspace Technology trades on the Nasdaq under the ticker RXT. It is a small cap company in the programming data processing industry, part of the technology sector, with a market value of about 994 million dollars.
- Ticker
- RXT
- Exchange
- Nasdaq
- Sector
- Technology
- Industry
- Programming Data Processing
- Size
- Small cap, about 994 million dollars
Is Rackspace Technology a small, medium or large cap company?
No. Rackspace Technology is a small cap stock, not a large cap. Its market cap, which is the total value of all its shares, is about 994 million dollars.
Here is how you can tell. Multiply the share price by the number of shares to get the market cap, then compare it to the usual sizes. Micro cap is under 300 million dollars, small cap is 300 million to 2 billion, mid cap is 2 to 10 billion, large cap is 10 billion and up, and mega cap is over 200 billion. Market caps move every day with the share price, so treat the number as a recent snapshot.
How Rackspace Technology makes money
- Selling software, hardware or cloud services, often as a subscription.
- Charging businesses and consumers for products they use every day.
- Licensing its technology and selling related services.
What moves RXT stock
- How fast sales are growing, especially in cloud and AI.
- New product launches and customer wins.
- Competition, regulation and how much the company spends on research.
In the news lately
- $RXT stock is down 13% today. Here's what we see in our data. (Quiver Quantitative)
- S&P 500, Nasdaq And Dow Slip As Investors Assess Rate Hike Possibility SPCX, UBER, ASTS, BBBY, RXT In Focus (Stocktwits)
- Rackspace (RXT) Stock Still Looks Undervalued After Fraud Lawsuit News (Yahoo Finance)
- RXT Stock Drop Alert: Rackspace Technology Stock Plummets (GlobeNewswire)
- Dear Rackspace Stock Fans, Here’s What the Nvidia Partnership Means for RXT (Barchart.com)
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Questions about Rackspace Technology stock
What does Rackspace Technology do?
Rackspace Technology trades on the Nasdaq under the ticker RXT. It is a small cap company in the programming data processing industry, part of the technology sector, with a market value of about 994 million dollars.
What is the ticker symbol for Rackspace Technology?
Rackspace Technology trades under the ticker RXT on the Nasdaq.
What is Rackspace Technology's market cap?
Rackspace Technology is a small cap stock with a market cap of about 994 million dollars.
How does Rackspace Technology make money?
Selling software, hardware or cloud services, often as a subscription. Charging businesses and consumers for products they use every day. Licensing its technology and selling related services.
What moves RXT stock?
How fast sales are growing, especially in cloud and AI. New product launches and customer wins. Competition, regulation and how much the company spends on research.
How can I follow RXT stock every day?
Add RXT to your watchlist on Metric Finance. We post a free brief every trading day at 5 PM ET that explains what happened to the stocks you follow, in simple words.
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Educational information, not financial advice. This guide explains the business in general terms and does not include live prices.