Rackspace Technology, Inc. Class Action Lawsuit Seeks Recovery for Investors; September 28, 2026, Deadline - Contact Kessler Topaz Meltzer & Check, LLP

A securities fraud class action lawsuit has been filed against Rackspace Technology (NASDAQ: RXT) for allegedly making material misstatements about its enterprise AI efforts. The company failed to disclose that AI investments would require significant resource reallocation from its profitable Private Cloud segment and that Public Cloud revenue was declining. On July 9, 2026, Rackspace reduced its full year 2026 revenue guidance by $150 million, causing the 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.