Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Rackspace Technology, Inc. and Encourages Investors to Contact the Firm

A class action lawsuit has been filed against Rackspace Technology, Inc. for investors who purchased securities between May 7, 2026 and July 8, 2026. The lawsuit alleges that Rackspace misrepresented its enterprise AI efforts' impact on its profitable Private Cloud segment, declining Public Cloud revenue, and the resulting significant impact on fiscal year 2026 revenue. Investors have until September 28, 2026 to apply to be appointed as lead plaintiff.