Ultime notizie per Rackspace Tech (NASDAQ:RXT) Azioni

Rackspace Tech

Rackspace Technology Inc is an end-to-end, hybrid, multi cloud technology services company. It designs, builds and operates its customers' cloud environments across all technology platforms, irrespective of technology stack or deployment model. The company's solutions include Application Services; Data; Colocation; Cloud; Managed Hosting; Professional Services; and Security & Compliance. It operates in segments namely, Private Cloud, and Public Cloud. It generates revenue through the sale of consumption-based contracts for its service offerings and from the sale of professional services related to designing and building custom solutions.

Rackspace Technology

Rackspace Technology, Inc. - Common Stock

Rackspace Technology Inc

Raymond James analyst Ric Prentiss upgrades United States Cellular (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USM#NYSE">USM</a>) from Market Perform to Outperform and announces $86 price target.

News

Upgrades

Price Target

Analyst Ratings

Raymond James Upgrades United States Cellular to Outperform, Announces $86 Price Target

Needham analyst Scott Berg reiterates Freshworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>) with a Buy and maintains $20 price target.

Reiteration

FRSH

Needham Reiterates Buy on Freshworks, Maintains $20 Price Target

Raymond James analyst Buck Horne downgrades Meritage Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTH#NYSE">MTH</a>) from Outperform to Market Perform.

Downgrades

Raymond James Downgrades Meritage Homes to Market Perform

<ul>
<li>The deal aims to leverage Telkom Metra and Telkomsel's platforms to facilitate MPU's steady establishment and long-term development in the Indonesian market through market expansion, brand exposure, financial support, revenue sharing, content distribution, and localization support.</li>
<li>Within six months of signing the agreement, FlexTV will become TelkomMetra's sole micro-drama partner. In the first year after FlexTV is integrated into TelkomMetra's Telkomsel platform, both parties will invest in the Indonesian market, with a focus on in-app promotion to ensure high exposure and user attraction for the platform's content.&nbsp;</li>
<li>TelkomMetra will also be responsible for distributing FlexTV's content across multiple platforms in Indonesia and has expressed willingness to provide investment support for the localization of FlexTV's content to enhance its impact. Notably, TelkomMetra plans to explore the possibility of establishing a joint venture with FlexTV one year into the partnership, viewing micro-dramas as a long-term strategic investment.</li>
</ul>

Contracts

Media

General

Mega Matrix's Short Drama Streaming Platform, FlexTV, Recently Signed A Two-year Cooperation Agreement With PT Multimedia Nusantara, Commencing In Early December This Year

Needham analyst Ryan MacDonald maintains Duolingo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOL#NASDAQ">DUOL</a>) with a Buy and raises the price target from $310 to $370.

DUOL

Needham Maintains Buy on Duolingo, Raises Price Target to $370

Needham analyst Mike Matson reiterates Personalis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNL#NASDAQ">PSNL</a>) with a Buy and maintains $7.25 price target.

PSNL

Needham Reiterates Buy on Personalis, Maintains $7.25 Price Target

The 2024 U.S. presidential election was one of the biggest events of the year, and it showed in the record-breaking livestream <a href="https://www.benzinga.com/news/24/11/41780976/chip-stocks-like-nvidia-broadcom-taiwan-semi-gain-after-trump-win-whats-going-on">viewership across platforms on election day</a>.
What Happened: Streams Charts reported that live streams covering the election generated nearly 84 million hours of watch time &#8211; almost five times more than the viewership for the September debates between Vice President Kamala Harris and President-Elect Donald Trump. 
The dominant platform for election coverage was Alphabet Inc.-owned (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) YouTube, which accounted for over 80% of total watch time across all broadcasts. Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) came in second with 13.1% of viewership.
Peak viewership for political streams on election day hit over 9.14 million viewers, with the average number of viewers approaching 3.5 million. Audience engagement spiked closer to the end of voting and the announcement of results.
While the debates lasted just a few hours, some election day broadcasts ran non-stop from the start of voting until the results were announced.
The most-watched broadcast was Fox Corp.-owned (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) Fox News on YouTube, which peaked at over 1.14 million viewers &#8211; a historic record for the channel. Comcast Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) subsidiary NBC News came in second with nearly 616,900 peak viewers.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/10/41616337/google-bought-youtube-for-1-65b-and-now-it-prints-50b-in-revenue-just-in-1-year-sundar-pich">Google Bought YouTube For $1.65B And Now It Prints $50B In Revenue Just In 1 Year</a>
Why It Matters: All the top broadcasts were on YouTube, as the platform remains the primary choice for TV networks to stream their content online.
Among individual streamers, commentators Dan Bongino and Steven Crowder on Rumble drew the largest audiences, both setting new personal viewership records. 
Streamer HasanAbi, on Amazon.com Inc.-owned (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Twitch, also marked a historic peak of about 313,400 concurrent viewers on his Election Day coverage.
Throughout the election campaign, Trump consistently outpaced Harris in mentions on Twitch, holding around a 70% share compared to Harris&#8217; 30%. This trend continued on election day, with Trump&#8217;s mentions jumping to 104K versus Harris&#8217; 41.6K.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41795320/trumps-20-tariff-plans-could-unleash-wave-of-spending-on-big-ticket-buys-in-holiday-quarter-says-eco">Trump&#8217;s 20% Tariff Plans Could Unleash Wave Of Spending On Big Ticket Buys In Holiday Quarter, Says Economist Justin Wolfers</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Social Media

Politics

Global

Tech

AMZN

CMCSA

FOXA

GOOG

GOOGL

YouTube Trumps Rivals In Election Day Coverage With 80% Viewership Share In Streaming

Piper Sandler analyst Kashy Harrison downgrades SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) from Neutral to Underweight and lowers the price target from $17 to $9.

SEDG

Piper Sandler Downgrades SolarEdge Technologies to Underweight, Lowers Price Target to $9

Baird analyst Wesley Golladay downgrades Sun Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUI#NYSE">SUI</a>) from Outperform to Neutral and lowers the price target from $145 to $126.

Baird Downgrades Sun Communities to Neutral, Lowers Price Target to $126

Baird analyst Eric Coldwell upgrades McKesson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>) from Neutral to Outperform and raises the price target from $531 to $688.

Baird Upgrades McKesson to Outperform, Raises Price Target to $688

William Blair analyst Max Smock reiterates Avid Bioservices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDMO#NASDAQ">CDMO</a>) with a Market Perform.

CDMO

William Blair Reiterates Market Perform on Avid Bioservices

Needham analyst Joseph Stringer reiterates Ionis Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONS#NASDAQ">IONS</a>) with a Buy and maintains $60 price target.

IONS

Needham Reiterates Buy on Ionis Pharmaceuticals, Maintains $60 Price Target

Baird analyst Wesley Golladay downgrades Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) from Outperform to Neutral and raises the price target from $16 to $17.5.

ROIC

Baird Downgrades Retail Opportunity to Neutral, Raises Price Target to $17.5

Shares of Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) rose sharply in today's pre-market trading after the company reported <a href="https://www.benzinga.com/news/earnings/24/11/41789162/lyft-stock-drives-higher-after-better-than-expected-q3-results">better-than-expected quarterly results.</a>
Lyft reported quarterly losses of three cents per share which beat the analyst consensus estimate for losses of four cents. Quarterly revenue came in at $1.52 billion which beat the analyst consensus estimate of $1.44 billion and is an increase over sales of $1.15 billion from the same period last year.
Lyft shares rose 21.5% to $17.49 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>AtlasClear Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATCH#NYSE">ATCH</a>) gained 89.6% to $0.3412 in pre-market trading after gaining around 13% on Wednesday.</li>
<li>Interactive Strength Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) rose 81.5% to $0.1650 in pre-market trading. Interactive Strength will release third quarter results before the market opens on Thursday, Nov. 14.</li>
<li>MDJM Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDJH#NASDAQ">MDJH</a>) shares surged 49.7% to $0.2252 in pre-market trading after declining around 6% on Wednesday.</li>
<li>Ensysce Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENSC#NASDAQ">ENSC</a>) gained 32.6% to $0.7305 in pre-market trading after gaining 5% on Wednesday.</li>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) climbed 27.5% to $214.84 in pre-market trading after the company reported better-than-expected third-quarter financial results.</li>
<li>Laird Superfood, Inc.  (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LSF#NYSE">LSF</a>) shares rose 22% to $8.99 in pre-market trading after the company reported better-than-expected third-quarter financial results.</li>
<li>Emergent BioSolutions Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBS#NYSE">EBS</a>) gained 19.8% to $11.03 in pre-market trading after posting strong quarterly earnings.</li>
<li>Freshworks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>) gained 17.7% to $15.40 in pre-market trading following better-than-expected quarterly earnings.</li>
<li>The Oncology Institute, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOI#NASDAQ">TOI</a>) gained 17.6% to $0.3469 in pre-market trading. The Oncology Institute will release its third quarter financial results after the market close on Wednesday, Nov. 13.</li>
<li>Dutch Bros Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) gained 15.8% to $40.49 in pre-market trading following strong quarterly results.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Digital Turbine, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPS#NASDAQ">APPS</a>) shares tumbled 41.1% to $1.91 in pre-market trading after reporting downbeat quarterly results.</li>
<li>FOXO Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXO#NASDAQ">FOXO</a>) shares fell 32% to $0.5321 in pre-market trading after surging 475% on Wednesday.</li>
<li>Cardlytics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDLX#NASDAQ">CDLX</a>) dipped 31.9% to $3.55 in pre-market trading following third-quarter results.</li>
<li>Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) shares fell 24.5% to $10.35 in pre-market trading after the company reported third-quarter financial results.</li>
<li>SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) declined 19% to $11.89 in pre-market trading following third-quarter results.</li>
<li>Burford Capital Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUR#NYSE">BUR</a>) shares dipped 16.4% to $12.21 in pre-market trading. Burford Capital will release its financial results for the three and nine months ended Sept. 30, on Thursday, Nov. 7.</li>
<li>ARB IOT Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBB#NASDAQ">ARBB</a>) fell 15.4% to $0.6879 in pre-market trading after surging 44% on Wednesday.</li>
<li>Corsair Gaming Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSR#NASDAQ">CRSR</a>) fell 14.1% to $6.12 in today's pre-market trading after the company reported worse-than-expected financial results.</li>
<li>Match Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) fell 12.8% to $33.00 in pre-market trading following mixed third-quarter financial results.</li>
<li>Sutro Biopharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRO#NASDAQ">STRO</a>) fell 11.6% to $3.66 in pre-market trading after gaining around 8% on Wednesday.</li>
</ul>
Now Read This:
<ul>
<li> <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41776764/jim-cramer-this-financial-stock-is-a-buy-likes-broadcom">Jim Cramer: This Financial Stock Is A Buy, Likes Broadcom</a></li>
</ul>

Pre-Market Outlook

Markets

Movers

Trading Ideas

APPS

ARBB

ATCH

BROS

CDLX

CRSR

ENSC

FOXO

LYFT

MDJH

MTCH

STRO

TRNR

WOLF

Why Lyft Shares Are Trading Higher By Over 21%; Here Are 20 Stocks Moving Premarket

Piper Sandler analyst Clarke Jeffries maintains AvidXchange Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVDX#NASDAQ">AVDX</a>) with a Neutral and raises the price target from $9 to $10.

AVDX

Piper Sandler Maintains Neutral on AvidXchange Holdings, Raises Price Target to $10

Outlook
ACM has raised its revenue guidance range for fiscal year 2024 to a range of $725 million to $745 million from the prior range of $695 million to $735 million.

Guidance

ACMR

ACM Research Expects FY24 Revenue Of $725M-$745M (Prior $695M-$735M) Vs $728.43M Est

Needham analyst David Saxon reiterates Globus Medical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMED#NYSE">GMED</a>) with a Hold.

GMED

Needham Reiterates Hold on Globus Medical

Yaniv Arieli, Chief Financial Officer of Ceva, stated: "Our robust third quarter earnings more than doubled our non-GAAP net income and diluted income per share year-over-year. For the full year, we now expect overall revenues to be higher than previous guidance, at a new range of 7%-9% growth, enabling us to double our non-GAAP fully diluted EPS year-over-year. We continued to buy back the company's stock during the quarter, repurchasing approximately 186,000 shares for approximately $4.2 million under our stock repurchase program. Furthermore, the Ceva Board of Directors today authorized the expansion of the company's share repurchase program with an additional 700,000 shares of common stock available for repurchase, bringing the total shares available for repurchase to approximately 1 million. At the end of the quarter, our cash and cash equivalent balances, marketable securities and bank deposits were approximately $158 million, ensuring we are well-positioned to explore opportunities for non-organic growth."

CEVA

Ceva Expects FY24 Revenue Growth Of 7%-9% Enabling It It Double Its Adj EPS

Needham analyst Serge Belanger reiterates NewAmsterdam Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAMS#NASDAQ">NAMS</a>) with a Buy and maintains $36 price target.

NAMS

Needham Reiterates Buy on NewAmsterdam Pharma, Maintains $36 Price Target

Mitsubishi Estate Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MITEY#OTC">MITEY</a>) reported quarterly earnings of $0.13 per share. This is a 8.33 percent increase over earnings of $0.12 per share from the same period last year. The company reported $2.10 billion in sales this quarter. This is a 5.10 percent increase over sales of $2.00 billion the same period last year.

Earnings

MITEY

Mitsubishi Estate Co Q2 EPS $0.13 Up From $0.12 YoY, Sales $2.10B Up From $2.00B YoY

Rackspace Technology Non-GAAP EPS of -$0.08 beats by $0.03, revenue of $684.9M beats by $12.2M

Rackspace Technology Inc (RXT) Q2 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Rackspace Tech (NASDAQ:<a href="https://investorplace.com/stock-quotes/rxt-stock-quote/">RXT</a>) just reported results for the second quarter of 2024.<ul><li>Rackspace Tech reported earnings per share of -8 cents. This was above the analyst estimate for EPS of -11 cents.</li><li>The company reported revenue of $685.00 million.</li><li>This was 1.70% better than the analyst estimate for revenue of $673.57 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/rxt-stock-earnings-rackspace-tech-for-q2-of-2024/">RXT Stock Earnings: Rackspace Tech Beats EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

RXT Stock Earnings: Rackspace Tech Beats EPS, Beats Revenue for Q2 2024

In a report released today, Ramsey El Assal from Barclays assigned a Sell rating to Rackspace Technology (RXT – Research Report), with a price targ...

Barclays Issues a Sell Rating on Rackspace Technology (RXT)

Evercore ISI analyst Amit Daryanani maintained a Hold rating on Rackspace Technology (RXT – Research Report) today and set a price target of $2.50....

Evercore ISI Sticks to Its Hold Rating for Rackspace Technology (RXT)

Analyst Keith Bachman of BMO Capital maintained a Hold rating on Rackspace Technology (RXT – Research Report), retaining the price target of $2.50....

Cautious Optimism for Rackspace's Future: A Hold Rating Amidst Mixed Financial Signals

17 out of 26 industrial stocks deliver EPS wins - Earnings Scorecard

In a report released today, Ramsey El Assal from Barclays maintained a Sell rating on Rackspace Technology (RXT – Research Report), with a price ta...

Barclays Sticks to Their Sell Rating for Rackspace Technology (RXT)

Rackspace Technology (RXT) has signed a Strategic Collaboration Agreement with Amazon Web Services (AMZN), with plans to offer end-to-end cloud adv...

Rackspace Technology signs multi-year collaboration agreement with AWS

Rackspace Technology (RXT) announced the expansion of Rackspace Spot with a new geographic location and an on-demand GPU-as-a-Service powered by NV...

Rackspace launches GPU-as-a-service powered by Nvidia accelerated computing

NVDA

OTIS

UBER

Press Releases

Rackspace Introduces On-demand Software as a Service to Seamlessly Simulate Complex Environments

Rackspace Technology Works with CAS to Accelerates Scientific Breakthroughs by Modernizing its OpenStack Private Cloud, Achieving Cost Savings, System Optimization, and Consistency

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