Rackspace Technology is a holding company. Through its subsidiaries, Co. is a technology services company. Co. designs, builds and operates its customers' cloud environments across main technology platforms, irrespective of technology stack or deployment model. Co.'s segments include: Multicloud Services, which includes its public and private cloud managed services offerings, as well as other services related to designing and building multicloud solutions and cloud-native applications; and Apps and Cross Platform, which includes managed applications, managed security and data services, as well as other services related to designing and implementing application, security and data services. We show 15 historical shares outstanding datapoints in our RXT shares outstanding history coverage, used to compute RXT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing RXT market cap history over the course of time is important for investors
interested in comparing RXT's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of RXT versus a peer is one thing; comparing
RXT market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like RXT can fluctuate over the course of history.
With this page we aim to empower investors researching RXT by allowing them to research the RXT market cap history. |
Free RXT Email Alerts:
Video: The Importance of Market Cap
