Rackspace Soars on Palantir Deal: Will the Hail Mary Save the Stock?

Benzinga02-19 01:05

In what could be described as a "Hail Mary" for a company currently treading water at penny-stock levels, Rackspace Technology, Inc. (NASDAQ:RXT) announced a strategic partnership Wednesday with data-...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2612440973?lang=en_US&edition=fundamental","thumbnail":"https://cdn.benzinga.com/files/images/story/2026/02/18/U-s--Dollars-With-A-Lifeline-Concept-Of-.jpeg?optimize=medium&dpr=2&auto=webp&width=260","is_english":true,"pubTime":"2026-02-19 01:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2612440973","market":"us","top_or_hot":-1,"title":"Rackspace Soars on Palantir Deal: Will the Hail Mary Save the Stock?","media":"Benzinga","content":"<div>\n<p>In what could be described as a \"Hail Mary\" for a company currently treading water at penny-stock levels, Rackspace Technology, Inc. (NASDAQ:RXT) announced a strategic partnership Wednesday with data-...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/movers/26/02/50694330/rackspace-soars-on-palantir-deal-will-the-hail-mary-save-the-stock\">Source Link</a>\n\n</div>\n","source":"benzinga_hot_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rackspace Soars on Palantir Deal: Will the Hail Mary Save the Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRackspace Soars on Palantir Deal: Will the Hail Mary Save the Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-19 01:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/trading-ideas/movers/26/02/50694330/rackspace-soars-on-palantir-deal-will-the-hail-mary-save-the-stock><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In what could be described as a \"Hail Mary\" for a company currently treading water at penny-stock levels, Rackspace Technology, Inc. (NASDAQ:RXT) announced a strategic partnership Wednesday with data-...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/movers/26/02/50694330/rackspace-soars-on-palantir-deal-will-the-hail-mary-save-the-stock\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLTY","symbol_name":"PLTR期权收益策略ETF-YieldMax","start_time":0,"source_url":"https://www.benzinga.com/trading-ideas/movers/26/02/50694330/rackspace-soars-on-palantir-deal-will-the-hail-mary-save-the-stock","article_id":"2612440973","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/02/18/U-s--Dollars-With-A-Lifeline-Concept-Of-.jpeg?optimize=medium&dpr=2&auto=webp&width=260"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/trading-ideas/movers/26/02/50694330/rackspace-soars-on-palantir-deal-will-the-hail-mary-save-the-stock","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2612440973","pubTimestamp":1771434300,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Rackspace stock is soaring after announcing a deal with Palantir. Is it enough to save the struggling company?","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PLTY":"PLTR期权收益策略ETF-YieldMax","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","RXT":"Rackspace Technology","PLTZ":"2倍做空PLTR ETF-Defiance","PLOO":"2倍上限加速PLTR ETF-Leverage Shares","BK4547":"WSB热门概念","BK4613":"AI应用软件","PLT":"Defiance Leveraged Long Plus Income PLTR ETF","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","PLTA":"ProShares Ultra PLTR ETF","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4588":"碎股","PLYY":"GraniteShares YieldBOOST PLTR ETF","PLTD":"1倍做空PLTR ETF-Direxion","PLTG":"2倍做多PLTR ETF-Leverage Shares","BK4608":"AI应用概念股","BK4585":"ETF&股票定投概念","IE00BZ9MQY76.HKD":"FTGF CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (HKD) ACC","BK4097":"系统软件","BK4023":"应用软件","PLTR":"Palantir Technologies Inc.","PTIR":"2倍做多PLTR ETF-GraniteShares","BK4543":"AI","PLTU":"2倍做多PLTR ETF-Direxion","BK4116":"互联网服务与基础架构","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","PLTW":"PLTR周配息ETF-Roundhill"},"translate_title":"Rackspace因Palantir交易而飙升：万福玛利亚会拯救该股吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PTIR":0.6,"RXT":1.97,"PLTD":0.6,"PLTR":1.9,"PLOO":0.6,"PLTY":0.6,"PLTW":0.6,"PLTG":0.6,"PLT":0.6,"PLTU":0.6,"PLYY":0.6,"PLTA":0.6,"PLTZ":0.6},"content_text":"In what could be described as a \"Hail Mary\" for a company currently treading water at penny-stock levels, Rackspace Technology, Inc. (NASDAQ:RXT) announced a strategic partnership Wednesday with data-giant Palantir Technologies, Inc. (NASDAQ:PLTR). \nThe move, designed to accelerate the deployment of Palantir's Foundry and Artificial Intelligence Platform (AIP), sent Rackspace shares into a triple-digit rally. \nBut beneath the AI-powered press release lies a sobering reality: Rackspace is desperately in need of a lifeline.\nThe deal positions Rackspace as a strategic partner for data migration and global implementation services. \nAccording to the release, Rackspace will host Palantir's software within its Private Cloud and UK Sovereign data centers, targeting highly regulated industries that remain wary of the public cloud.\nOn paper, the logic is sound. Palantir needs a boots-on-the-ground implementation arm to scale its AIP platform, and Rackspace has decades of experience managing enterprise workloads. \nHowever, Rackspace currently claims just 30 Palantir-trained engineers—a drop in the bucket for a global enterprise. \nWhile the company promises to scale that number to 250 within 12 months, skeptics wonder if a company facing significant financial headwinds can afford to retrain its workforce fast enough to matter.\nThe Palantir partnership news arrives about one week before Rackspace's Q4 earnings report.  \nPrior to Wednesday’s spike, RXT shares were languishing near a 52-week low of 41 cents, with a market capitalization hovering around $100 million—a staggering fall for a former cloud pioneer.\nWith a debt burden exceeding $2.8 billion and a string of quarterly losses, according to data from Benzinga Pro, Rackspace is a distressed asset. \nAnalysts maintain a consensus Sell rating on Rackspace stock, citing a negative debt-to-equity ratio and shaky financial health status. \nInvestors should investigate if the Palantir tie-up is more of a branding exercise than a fundamental business pivot.\nPalantir, with its $318 billion market cap, loses very little if this collaboration fails to gain traction. \nFor Rackspace, however, the deal could be make-or-break. \nWhile the market reacted with typical AI-fueled euphoria on Wednesday, a 200% gain in a stock that had been trading at 40 cents doesn’t fix a broken balance sheet.\nThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2612440973","isCrawlerRequest":true}