Rackspace Technologies, Inc. (RXT) Social Stream

Rackspace Technologies, Inc. (RXT): $1.70

0.08 (+5.19%)

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$RXT when Rackspace was at 26 a share, the company was valued at 6+ billion. now the company is worth 2.8 billion with 3+ billions in revenues double digit growth yearly! Any finance accounting grad will tell you it’s dirt cheap! if You find a company in the market now in the multi cloud sector that makes this massive revenue under 50 please tell me and I will buy it. That being said, Rackspace is a main revenue stream and very strong key partner for Amazon web services, at this valuation, it could be a buyout target for Amazon, Google, or Microsoft. Don’t think it will stay This dirt cheap for long. As a matter of fact it will shoot up to 20 in a blink of an eye by next two weeks. So for those big tech giants it’s best to make a move now while it’s cheap. I’m not selling till a buyout or 100 a share. What pisses you off is that they did beat on eps and revenues and the stock is down 26% in 3 days. Regardless of a little bit of weakness in booking.
monstertrader1, published August 14, 2021

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