Rackspace Technology will announce its Q4 2024 financial results on February 20, 2025, followed by a conference call.
Quiver AI Summary
Rackspace Technology has announced that it will release its fourth quarter 2024 financial results on February 20, 2025, after the market closes. The company's CEO, Amar Maletira, and CFO, Mark Marino, will discuss the results in a conference call scheduled for 5:00 PM ET on the same day. Interested parties can access the live webcast or the replay on the company's Investor Relations website, and those wishing to join the call via phone must pre-register to obtain the dial-in information. Rackspace Technology specializes in hybrid, multicloud, and AI solutions, helping customers design and operate their cloud environments across various platforms.
Potential Positives
- Rackspace Technology is set to release its fourth quarter 2024 financial results, indicating transparency and engagement with investors regarding the company's financial performance.
- The conference call scheduled for February 20, 2025, provides an opportunity for direct communication between the company's executives and stakeholders, enhancing investor relations.
- The press release emphasizes Rackspace's expertise in hybrid, multicloud, and AI solutions, reinforcing its position as a leader in the technology sector.
Potential Negatives
- Announcement of upcoming financial results may suggest potential concerns about transparency if there are significant expectations or previous issues that have not been resolved.
- Timing of the financial results release after market close could indicate potential negative performance, as companies often strive to release results during market hours to maximize investor engagement.
FAQ
When will Rackspace Technology release its Q4 2024 financial results?
Rackspace Technology will release its fourth quarter 2024 financial results on February 20, 2025, after market close.
Who will lead the financial results conference call?
Amar Maletira, CEO, and Mark Marino, CFO, will lead the conference call on February 20, 2025.
How can I access the conference call for Rackspace's financial results?
Access the conference call by visiting Rackspace's IR website or pre-registering for the dial-in number.
What time is the Rackspace financial results conference call?
The conference call will take place at 5:00 PM ET on February 20, 2025.
Who can I contact for investor relations at Rackspace Technology?
For investor relations, contact Sagar Hebbar at [email protected].
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RXT Insider Trading Activity
$RXT insiders have traded $RXT stock on the open market 14 times in the past 6 months. Of those trades, 1 have been purchases and 13 have been sales.
Here’s a breakdown of recent trading of $RXT stock by insiders over the last 6 months:
- AMAR MALETIRA (Chief Executive Officer) has made 0 purchases and 5 sales selling 366,905 shares for an estimated $882,190.
- DHARMENDRA KUMAR SINHA (EVP, President, Public Cloud) has made 0 purchases and 3 sales selling 261,154 shares for an estimated $647,977.
- SRINI KOUSHIK (President, Technology) has made 0 purchases and 3 sales selling 35,238 shares for an estimated $90,874.
- BRIAN LILLIE (EVP, President Private Cloud) sold 20,165 shares for an estimated $51,219
- ANTHONY C. ROBERTS purchased 19,455 shares for an estimated $50,583
- KELLIE TEAL-GUESS (Chief Human Resources Officer) sold 6,993 shares for an estimated $17,762
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$RXT Hedge Fund Activity
We have seen 52 institutional investors add shares of $RXT stock to their portfolio, and 32 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- LEGAL & GENERAL GROUP PLC removed 7,843,252 shares (-99.9%) from their portfolio in Q3 2024, for an estimated $19,215,967
- MACKENZIE FINANCIAL CORP removed 1,160,726 shares (-16.6%) from their portfolio in Q3 2024, for an estimated $2,843,778
- CASTLEKNIGHT MANAGEMENT LP added 966,048 shares (+35.7%) to their portfolio in Q3 2024, for an estimated $2,366,817
- UBS GROUP AG removed 605,978 shares (-94.1%) from their portfolio in Q3 2024, for an estimated $1,484,646
- GOLDMAN SACHS GROUP INC added 483,255 shares (+146.1%) to their portfolio in Q3 2024, for an estimated $1,183,974
- JACOBS LEVY EQUITY MANAGEMENT, INC added 474,299 shares (+139.4%) to their portfolio in Q3 2024, for an estimated $1,162,032
- VANGUARD GROUP INC added 359,844 shares (+8.2%) to their portfolio in Q3 2024, for an estimated $881,617
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SAN ANTONIO, Texas, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT) a leading end-to-end hybrid, multicloud, and AI technology solutions company, today announced that it will release its fourth quarter 2024 financial results after the market closes on Thursday, February 20, 2025. Amar Maletira, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (February 20, 2025) at 5:00 PM ET to discuss the Company’s financial results.
Interested parties may access the conference call as follows:
To listen to the live webcast or access the replay following the webcast, please visit our IR website at the following link: https://ir.rackspace.com/news-and-events/events-and-presentations .
To obtain a dial-in number, please pre-register at the following link: https://register.vevent.com/register/BIad56d9097db646978aea4b4bd013e646
Registrants will receive dial-in information and a PIN allowing them to access the live call.
About Rackspace Technology
Rackspace Technology
is a leading end-to-end hybrid, multicloud, and AI technology solutions company. We can design, build, and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products and adopt innovative technologies.
Investor Relations Contact: Sagar Hebbar,
[email protected]
Media Contact: Natalie Silva,
[email protected]
