Rackspace Technology, Inc. Stock Price, News & Analysis

Rackspace Technology (NASDAQ: RXT) will announce its Q1 2022 financial results on May 10, 2022, post-market close. The announcement will be followed by a conference call at 5:00 PM ET, led by CEO Kevin Jones and CFO Amar Maletira, to discuss the results. Interested parties can join via Zoom or telephone, with details provided in the announcement. An audio replay will be available on the company's website shortly after. Rackspace Technology specializes in multicloud technology services and assists customers in managing cloud environments.

Rackspace Technology (NASDAQ: RXT) has joined the Microsoft Intelligent Security Association (MISA), enhancing its security services in collaboration with Microsoft. This partnership allows Rackspace to integrate its Elastic Engineering for Security services into Microsoft’s cloud-native security solutions, enabling businesses to defend against increasing cybersecurity threats. With over 18 years of collaboration, Rackspace offers managed security services such as XDR leveraging Microsoft Sentinel, ultimately aiming to improve security postures across Azure and hybrid environments.

Rackspace Technology (NASDAQ: RXT) has announced a strategic partnership with Cohesity to enhance managed backup and recovery solutions for its VMware-based customers. The new offering, called Rackspace Data Protection, integrates Cohesity's next-gen data management capabilities, providing comprehensive protection against cyber threats, including ransomware. Key features include a simplified solution for data management, ransomware remediation through immutable snapshots, rapid recovery options, and scalability that optimizes storage efficiency.

Rackspace Technology (NASDAQ: RXT) has enhanced its strategic partnership with Akamai Technologies (NASDAQ: AKAM) to provide consultative services aimed at securing cloud applications and APIs. The collaboration will leverage Akamai’s Web Application and API Protector, enhancing security features such as automatic API discovery, bot mitigation, and adaptive detections. This initiative aims to support businesses of all sizes in navigating increasing cyber threats, particularly from API abuses, which have tripled in frequency according to Akamai's recent report. This service is coupled with Rackspace's Elastic Engineering for Security managed offering.

Rackspace Technology (NASDAQ: RXT) has renewed its status as a Google Cloud Managed Services Provider for Latin America, demonstrating its capability in delivering cloud solutions. This renewal follows a formal assessment validating its managed services qualifications. The designation signifies Rackspace's commitment to helping clients achieve business objectives with expert support in cloud architecture. Key clients include FIFCO in Costa Rica, leveraging Rackspace's services for critical market operations.

Rackspace Technology (NASDAQ: RXT) announced that Auto & General Southeast Asia enhanced its cloud infrastructure by deploying Rackspace Managed Services on Cloudflare. This collaboration led to a 60% improvement in site speed, optimized application performance, and strengthened security. The solution included essential features like a web application firewall, DDoS protection, and a global content delivery network. Auto & General SEA reported reduced latency and improved customer retention, alongside 24/7 support from Rackspace’s certified cloud security experts.

Rackspace Technology (NASDAQ: RXT) has announced the achievement of its 13th service delivery designation from Amazon Web Services (AWS), specifically for the Amazon QuickSight service. This designation enhances Rackspace's Data, Analytics, and Machine Learning practice, demonstrating its capacity to provide cutting-edge cloud solutions. The validation process ensures that AWS customers can trust partners like Rackspace to deliver significant insights and business intelligence solutions efficiently. This further solidifies Rackspace's position in the cloud technology space.

Rackspace Technology research reveals that educational institutions have permanently transformed their teaching methods due to the pandemic. The study indicates a surge in the use of technology, including video, AI, and data analytics. While 99.77% anticipate ongoing evolution in education, only 13% feel well-equipped to manage these changes. Notably, 31% struggled to adapt. The findings highlight a commitment to digital transformation but emphasize the need for additional support to navigate future challenges.