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Rackspace Technology Stock Tanks After Cutting 2026 Outlook | WAPE

Newsbenzinga

Rackspace Technology Stock Tanks After Cutting 2026 Outlook

Jul 9, 2026, 13:16 ET · Published

Article summary

RXT shares plunge over 29%. Rackspace slashes 2026 revenue outlook to exit low-margin businesses and pivot toward high-margin enterprise AI.

An excerpt from the original article.

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