{"id":980537,"date":"2026-07-09T19:14:42","date_gmt":"2026-07-09T23:14:42","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/rackspace-technology-investigation-notice-suewallst-notifies-investors-of-a-pending-investigation-into-rackspace-technology-rxt\/"},"modified":"2026-07-09T19:14:42","modified_gmt":"2026-07-09T23:14:42","slug":"rackspace-technology-investigation-notice-suewallst-notifies-investors-of-a-pending-investigation-into-rackspace-technology-rxt","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rackspace-technology-investigation-notice-suewallst-notifies-investors-of-a-pending-investigation-into-rackspace-technology-rxt\/","title":{"rendered":"Rackspace Technology Investigation Notice: SueWallSt Notifies Investors of a Pending Investigation Into Rackspace Technology (RXT)"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <i>A securities investigation is examining whether Rackspace Technology misled investors regarding its FY2026 outlook before cutting revenue and earnings guidance on July 9, 2026.<\/i>\n      <\/p>\n<p>\n        <span class=\"legendSpanClass\">NEW YORK<\/span>, <span class=\"legendSpanClass\">July 9, 2026<\/span> \/PRNewswire\/ &#8212; Rackspace Technology (NASDAQ: RXT) shares fell more than 25% intraday on July 9, 2026 after the Company cut its full-year 2026 revenue guidance by $150 million and its adjusted EBITDA guidance by $20 million. If you purchased RXT shares and suffered a loss, you are encouraged to <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4728955-1&amp;h=1975697563&amp;u=https%3A%2F%2Fsuewallst.com%2Finvestigations%2Frackspace-technology-inc-investigation-rxt%3Fprid%3D192990%26wire%3D4&amp;a=submit+your+information+today\" target=\"_blank\" rel=\"nofollow\">submit your information today<\/a>. You may also contact Joseph E. Levi, Esq. via email at <a href=\"mailto:jlevi@SueWallSt.com\" target=\"_blank\" rel=\"nofollow\">jlevi@SueWallSt.com<\/a> or by telephone at (888) SueWallSt.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <img decoding=\"async\" src=\"https:\/\/mmx.prnewswire.com\/media\/MS1812443\/suewallst-logo-1-Logo.jpg?id=OA2757901\" title=\"SueWallSt.com\" alt=\"SueWallSt.com\" \/>\n        <\/p>\n<\/p><\/div>\n<p>On July 8, 2026, RBC Capital raised its price target on Rackspace on the strength of the Company&#8217;s Q1 2026 results. One day later, on July 9, 2026, the Company filed an 8-K reducing its FY2026 revenue outlook to a range of $2.45 billion to $2.55 billion, down from a prior range of $2.60 billion to $2.70 billion. Adjusted EBITDA guidance was lowered to $285 million to $295 million from $305 million to $315 million.<\/p>\n<p>The guidance cut was disclosed alongside a $250 million at-the-market equity program and a partnership with Palantir. Trading volume surged to several times the 30-day average and the stock price abruptly declined. The investigation concerns whether Rackspace&#8217;s prior FY2026 statements were consistent with the outlook the Company ultimately delivered.<\/p>\n<p>Shareholders who lost money on RXT are encouraged to <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4728955-1&amp;h=2006602218&amp;u=https%3A%2F%2Fsuewallst.com%2Finvestigations%2Frackspace-technology-inc-investigation-rxt%3Fprid%3D192990%26wire%3D4&amp;a=click+here+to+learn+more+about+the+case\" target=\"_blank\" rel=\"nofollow\">click here to learn more about the case<\/a>. You may also contact Joseph E. Levi, Esq. via email at <a href=\"mailto:jlevi@SueWallSt.com\" target=\"_blank\" rel=\"nofollow\">jlevi@SueWallSt.com<\/a> or by telephone at (888) SueWallSt.<\/p>\n<p>\n        <b>WHY SUEWALLST<\/b>: SueWallSt is powered by Levi &amp; Korsinsky LLP. Levi &amp; Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi &amp; Korsinsky has ranked in ISS Securities Class Action Services&#8217; Top 50 Report as one of the top securities litigation firms in the United States.<\/p>\n<p>Frequently Asked Questions About the RXT Investigation<\/p>\n<p>\n        <b>Q: Which statements are being investigated as potentially misleading?<\/b> A: The investigation concerns whether Rackspace Technology made materially false or misleading statements regarding its FY2026 revenue and Adjusted EBITDA outlook. When the Company disclosed a $150 million revenue guidance cut and a $20 million EBITDA reduction on July 9, 2026, the stock price declined sharply.<\/p>\n<p>\n        <b>Q: When did Rackspace Technology <span>allegedly<\/span> mislead investors?<\/b> A: The investigation concerns statements made before the July 9, 2026 corrective disclosure that <span>allegedly<\/span> caused investors to purchase securities at inflated prices, including outlooks that preceded the reduced FY2026 guidance.<\/p>\n<p>\n        <b>Q: How much did RXT stock drop?<\/b> A: Shares were falling more than 25% by midday following the company&#8217;s disclosures. Investors who purchased shares at <span>allegedly<\/span> inflated prices and suffered losses may be eligible to seek recovery.<\/p>\n<p>\n        <b>Q: What if I already sold my RXT shares &#8212; can I still recover losses?<\/b> A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought RXT and sold at a loss may still participate in the investigation.<\/p>\n<p>\n        <b>Q: What if my RXT losses are small &#8212; is it still worth contacting a lawyer?<\/b> A: Yes. There is no minimum loss amount required to participate in the investigation.<\/p>\n<p>\n        <b>Q: What do RXT investors need to do right now?<\/b> A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Contact SueWallSt, a brand of Levi &amp; Korsinsky LLP, for a no-cost, no-obligation case evaluation at <a href=\"mailto:jlevi@levikorsinsky.com\" target=\"_blank\" rel=\"nofollow\">jlevi@levikorsinsky.com<\/a> or (212) 363-7500. No immediate action is required to remain eligible as an absent class member.<\/p>\n<p>\n        <b>Q: What does it cost me to participate?<\/b> A: There is no upfront cost to participate. Securities investigations and any resulting actions are generally handled on a contingency basis. No upfront fees, no retainer, and no out-of-pocket costs.<\/p>\n<p>CONTACT:<br \/>Levi &amp; Korsinsky, LLP<br \/>Joseph E. Levi, Esq.<br \/>33 Whitehall Street, 27th Floor<br \/>New York, NY 10004<br \/><a href=\"mailto:jlevi@SueWallSt.com\" target=\"_blank\" rel=\"nofollow\">jlevi@SueWallSt.com<\/a><br \/>Tel: (888)\u00a0SueWallSt<br \/>Fax: (212) 363-7171<\/p>\n<p>Attorney Advertising. Prior results do not guarantee similar outcomes.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/edge.prnewswire.com\/c\/img\/favicon.png?sn=NY01743&amp;sd=2026-07-09\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/rackspace-technology-investigation-notice-suewallst-notifies-investors-of-a-pending-investigation-into-rackspace-technology-rxt-302822302.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/rackspace-technology-investigation-notice-suewallst-notifies-investors-of-a-pending-investigation-into-rackspace-technology-rxt-302822302.html<\/a><\/p>\n<p>SOURCE SueWallSt.com<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY01743&amp;Transmission_Id=202607091911PR_NEWS_USPR_____NY01743&amp;DateId=20260709\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire A securities investigation is examining whether Rackspace Technology misled investors regarding its FY2026 outlook before cutting revenue and earnings guidance on July 9, 2026. NEW YORK, July 9, 2026 \/PRNewswire\/ &#8212; Rackspace Technology (NASDAQ: RXT) shares fell more than 25% intraday on July 9, 2026 after the Company cut its full-year 2026 revenue guidance by $150 million and its adjusted EBITDA guidance by $20 million. If you purchased RXT shares and suffered a loss, you are encouraged to submit your information today. You may also contact Joseph E. Levi, Esq. via email at jlevi@SueWallSt.com or by telephone at (888) SueWallSt. On July 8, 2026, RBC Capital raised its price target on Rackspace on the strength of the Company&#8217;s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rackspace-technology-investigation-notice-suewallst-notifies-investors-of-a-pending-investigation-into-rackspace-technology-rxt\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Rackspace Technology Investigation Notice: SueWallSt Notifies Investors of a Pending Investigation Into Rackspace Technology (RXT)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-980537","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rackspace Technology Investigation Notice: SueWallSt Notifies Investors of a Pending Investigation Into Rackspace Technology (RXT) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rackspace-technology-investigation-notice-suewallst-notifies-investors-of-a-pending-investigation-into-rackspace-technology-rxt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rackspace Technology Investigation Notice: SueWallSt Notifies Investors of a Pending Investigation Into Rackspace Technology (RXT) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire A securities investigation is examining whether Rackspace Technology misled investors regarding its FY2026 outlook before cutting revenue and earnings guidance on July 9, 2026. NEW YORK, July 9, 2026 \/PRNewswire\/ &#8212; Rackspace Technology (NASDAQ: RXT) shares fell more than 25% intraday on July 9, 2026 after the Company cut its full-year 2026 revenue guidance by $150 million and its adjusted EBITDA guidance by $20 million. If you purchased RXT shares and suffered a loss, you are encouraged to submit your information today. You may also contact Joseph E. Levi, Esq. via email at jlevi@SueWallSt.com or by telephone at (888) SueWallSt. On July 8, 2026, RBC Capital raised its price target on Rackspace on the strength of the Company&#8217;s &hellip; Continue reading &quot;Rackspace Technology Investigation Notice: SueWallSt Notifies Investors of a Pending Investigation Into Rackspace Technology (RXT)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rackspace-technology-investigation-notice-suewallst-notifies-investors-of-a-pending-investigation-into-rackspace-technology-rxt\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-09T23:14:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mmx.prnewswire.com\/media\/MS1812443\/suewallst-logo-1-Logo.jpg?id=OA2757901\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rackspace-technology-investigation-notice-suewallst-notifies-investors-of-a-pending-investigation-into-rackspace-technology-rxt\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rackspace-technology-investigation-notice-suewallst-notifies-investors-of-a-pending-investigation-into-rackspace-technology-rxt\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Rackspace Technology Investigation Notice: SueWallSt Notifies Investors of a Pending Investigation Into Rackspace Technology (RXT)\",\"datePublished\":\"2026-07-09T23:14:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rackspace-technology-investigation-notice-suewallst-notifies-investors-of-a-pending-investigation-into-rackspace-technology-rxt\\\/\"},\"wordCount\":697,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rackspace-technology-investigation-notice-suewallst-notifies-investors-of-a-pending-investigation-into-rackspace-technology-rxt\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mmx.prnewswire.com\\\/media\\\/MS1812443\\\/suewallst-logo-1-Logo.jpg?id=OA2757901\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rackspace-technology-investigation-notice-suewallst-notifies-investors-of-a-pending-investigation-into-rackspace-technology-rxt\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rackspace-technology-investigation-notice-suewallst-notifies-investors-of-a-pending-investigation-into-rackspace-technology-rxt\\\/\",\"name\":\"Rackspace Technology Investigation Notice: SueWallSt Notifies Investors of a Pending Investigation Into Rackspace Technology (RXT) - 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NEW YORK, July 9, 2026 \/PRNewswire\/ &#8212; Rackspace Technology (NASDAQ: RXT) shares fell more than 25% intraday on July 9, 2026 after the Company cut its full-year 2026 revenue guidance by $150 million and its adjusted EBITDA guidance by $20 million. If you purchased RXT shares and suffered a loss, you are encouraged to submit your information today. You may also contact Joseph E. Levi, Esq. via email at jlevi@SueWallSt.com or by telephone at (888) SueWallSt. On July 8, 2026, RBC Capital raised its price target on Rackspace on the strength of the Company&#8217;s &hellip; Continue reading \"Rackspace Technology Investigation Notice: SueWallSt Notifies Investors of a Pending Investigation Into Rackspace Technology (RXT)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/rackspace-technology-investigation-notice-suewallst-notifies-investors-of-a-pending-investigation-into-rackspace-technology-rxt\/","og_site_name":"Market Newsdesk","article_published_time":"2026-07-09T23:14:42+00:00","og_image":[{"url":"https:\/\/mmx.prnewswire.com\/media\/MS1812443\/suewallst-logo-1-Logo.jpg?id=OA2757901","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rackspace-technology-investigation-notice-suewallst-notifies-investors-of-a-pending-investigation-into-rackspace-technology-rxt\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rackspace-technology-investigation-notice-suewallst-notifies-investors-of-a-pending-investigation-into-rackspace-technology-rxt\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Rackspace Technology Investigation Notice: SueWallSt Notifies Investors of a Pending Investigation Into Rackspace Technology (RXT)","datePublished":"2026-07-09T23:14:42+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rackspace-technology-investigation-notice-suewallst-notifies-investors-of-a-pending-investigation-into-rackspace-technology-rxt\/"},"wordCount":697,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rackspace-technology-investigation-notice-suewallst-notifies-investors-of-a-pending-investigation-into-rackspace-technology-rxt\/#primaryimage"},"thumbnailUrl":"https:\/\/mmx.prnewswire.com\/media\/MS1812443\/suewallst-logo-1-Logo.jpg?id=OA2757901","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rackspace-technology-investigation-notice-suewallst-notifies-investors-of-a-pending-investigation-into-rackspace-technology-rxt\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/rackspace-technology-investigation-notice-suewallst-notifies-investors-of-a-pending-investigation-into-rackspace-technology-rxt\/","name":"Rackspace Technology Investigation Notice: SueWallSt Notifies Investors of a Pending Investigation Into Rackspace Technology (RXT) - 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