Kaplan Fox Encourages Rackspace Technology, Inc. (RXT) Investors to Contact the Firm Before the Lead Plaintiff Deadline on September 28, 2026

Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Rackspace Technology, Inc. ("Rackspace" or the "Company") (NASDAQ: RXT) on behalf of investors that purchased or otherwise acquired Rackspace securities between May 7, 2026 and July 8, 2026 (the "Class Period").

The complaint alleges, throughout the Class Period Defendants made false and misleading statements and failed to disclose to investors "(1) the Company's enterprise AI efforts would require Rackspace to significantly re-prioritize its capacity and capital away from the profitable Private Cloud segment; (2) that Rackspace's Public Cloud revenue was declining as customers contracted directly with hyperscale cloud platforms; (3) that, as a result, Rackspace was likely to significantly reduce a material portion of its Public Cloud infrastructure resale business; (4) as a result, the Company's fiscal year 2026 revenue would be significantly impacted; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis."