Rackspace Technology, Inc. (RXT) Shareholders Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Rackspace Technology, Inc. (“Rackspace” or the “Company”) (NASDAQ: RXT) investors concerning the Company’s possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN RACKSPACE TECHNOLOGY, INC. (RXT), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [e-mail], by telephone at [phone] or visit our website at www.howardsmithlaw.com.

What Happened?

On July 9, 2026, Rackspace released preliminary second quarter 2026 financial results and lowered its 2026 outlook “[t]o account for [its] transition away from certain low-margin engagements that will be redeployed to [its] enterprise AI business.” The Company now estimates revenue midpoint at $2.5B (versus prior midpoint at $2.65B) and EBITDA midpoint at $290M (versus prior midpoint at $310M).

On this news, Rackspace’s stock price fell $2.21, or 33.6%, to close at $4.37 per share on July 9, 2026, thereby injuring investors.

Contact Us To Participate or Learn More:

If you purchased Rackspace securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: [phone]
Email: [e-mail],
Visit our website at: www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.