RACKSPACE TECHNOLOGY INVESTOR ALERT: 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 (RXT) for securities purchased between May 7, 2026 and July 8, 2026. The lawsuit alleges that Rackspace misrepresented its enterprise AI efforts, which would require significant reallocation of resources from its profitable Private Cloud segment, while its Public Cloud revenue was declining due to customer migration to hyperscale platforms. These factors would materially impact fiscal year 2026 revenue.