RACKSPACE TECH. DL-,01

Rackspace Technology has introduced Rackspace Cloud, a fully managed, multitenant private cloud platform based on Broadcom's VMware Cloud Foundation 9.1, initially available in Dallas and coming soon to Northern Virginia and Chicago. The platform combines VM and Kubernetes support plus AI inference capabilities with pre-provisioned elastic capacity, automated lifecycle management, and enterprise-wide security and governance controls. Rackspace positions the offering as a managed way to modernize VMware environments, accelerate deployments, and quickly scale capacity without customers having to operate the underlying infrastructure themselves. » More on finanzen.net

The options market is pricing in an implied price move of around 14% for Rackspace Technology following the quarterly results on August 11, according to Bloomberg data. The exact timing of the results release has not yet been determined. In four of the last eight reporting periods, the actual price movement exceeded the volatility implied by the options market, with some quarters showing significantly larger swings. » More on de.investing.com

Rackspace Technology cut its full-year revenue forecast to $2.45–2.55 billion (previously $2.6–2.7 billion) and adjusted EBITDA to $285–295 million (previously $305–315 million), citing supply bottlenecks, geopolitical headwinds and an exit from lower-margin areas. The Q2 outlook of $641–649 million came in below the analyst consensus of $657 million. At the same time the company announced a planned $250 million capital raise via Goldman Sachs, stoking dilution fears. Those reports overshadowed a finalised partnership with Palantir and drove the stock down about 23.6% intraday. » More on de.investing.com