RACKSPACE TECHNOLOGY DEADLINE IN ONE WEEK: Bragar Eagel & Squire, P.C. Urges Rackspace Technology, Inc. Investors to Contact the Firm Before the September 28th Lead Plaintiff Deadline

A class action lawsuit has been filed against Rackspace Technology for allegedly misleading investors about its enterprise AI efforts and their impact on profitability. The lawsuit claims Rackspace failed to disclose that AI initiatives would require significant reallocation of resources from its profitable Private Cloud segment, that Public Cloud revenue was declining due to customer migration to hyperscale platforms, and that these factors would materially impact fiscal year 2026 revenue. Investors who purchased shares between May 7, 2026 and July 8, 2026 can apply to be lead plaintiff by September 28, 2026.