NASDAQ: RXT: Kessler Topaz Meltzer & Check, LLP Announces the Filing of a Securities Fraud Class Action Lawsuit Against Rackspace Technology, Inc.

A securities fraud class action lawsuit has been filed against Rackspace Technology, Inc. (NASDAQ: RXT) for allegedly making material misstatements about its enterprise AI efforts and failing to disclose that AI investments would require significant resource reallocation from its profitable Private Cloud segment and declining Public Cloud revenue. On July 9, 2026, Rackspace reduced its full year 2026 revenue guidance by $150 million, causing its stock to plummet 33.6%. Investors who purchased RXT securities between May 7, 2026 and July 8, 2026 can seek lead plaintiff status by September 28, 2026.