Deadline Alert: Rackspace Technology, Inc. (RXT) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit

Rackspace Technology (RXT) faces a securities fraud class action lawsuit after the company revealed on July 9, 2026 that its AI investments would require significant resource reallocation, leading to a $150 million reduction in full-year 2026 revenue guidance and a 33.6% stock price decline. The lawsuit alleges defendants made materially false statements and failed to disclose that Public Cloud revenue was declining and that the company would need to significantly reduce its profitable Private Cloud segment investments.