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Can Rackspace (RXT) Reverse Its Slide with a New CEO at the Helm?
Yahoo Finance· 2025-09-30 18:05
Rackspace Technology Inc. (NASDAQ:RXT) is one of the worst-performing data center stocks in 2025. At the top of our list, Rackspace’s stock has declined by over 45% over the last year, and 2025 hasn’t been much different so far. The company has faced several challenges lately, including slowing growth, mounting losses, a lack of transformational deals, and significant leverage. The company is making efforts to stabilize its private cloud revenue and expand its presence in mid-market and enterprise segment ...