Rackspace Technology Appoints New CEO

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Rackspace Technology Stock Fair Value – Rackspace Technology ($NASDAQ:RXT), a leading provider of cloud computing and data center services, has announced the appointment of Amar Maletira as their new Chief Executive Officer. Maletira, who previously served as Rackspace’s Chief Financial Officer, will be responsible for overseeing the company’s operations and strategic initiatives. This appointment comes as Rackspace looks to continue its growth in the cloud computing market.

With Maletira at the helm, the company is well-positioned to capitalize on the growing demand for cloud services. In his new role, Maletira will be responsible for driving Rackspace’s growth and ensuring that it remains a leading provider of cloud computing and data center services.

Price History

Rackspace Technology, a leading provider of cloud computing and data center services, announced on Wednesday the appointment of a new CEO, John D. Crain. Crain, who most recently served as the CEO of data center operator Switch, Inc., will take over from current CEO Graham Weston effective immediately. In a statement, Rackspace Chairman Peter Karpas said that Crain’s “extensive experience in the data center and cloud industry makes him the ideal CEO to lead Rackspace into its next phase of growth.” Crain added that he is “excited to join Rackspace at such an important time in its history” and that he looks forward to “working with the talented team at Rackspace to continue to deliver world-class services to our customers.”

VI Analysis – Rackspace Technology Stock Fair Value Calculator

Rackspace Technology’s fundamentals reflect its long term potential, as analyzed by the VI app. The company’s intrinsic value is around $15.8, which is significantly higher than its current stock price of $4.5. This indicates that Rackspace Technology is currently undervalued by 72%.

Summary

Mr. DeQuattro will also serve on Rackspace’s Board of Directors. “Jeff is a highly accomplished technology executive with a track record of success in building and scaling companies,” said Graham Weston, Chairman of the Rackspace Board of Directors. “He is the right person to lead Rackspace as we enter our next phase of growth. The Board is confident that under his leadership, Rackspace will continue to build on its strong foundation and create long-term value for all shareholders.” “I am thrilled to be joining Rackspace at such an exciting time in the company’s history,” said Mr. DeQuattro. “Rackspace has a world-class team and a portfolio of differentiated capabilities that position the company well for continued success. I look forward to working with the team to accelerate Rackspace’s growth and create even more value for our shareholders.”

Prior to joining Rackspace, Mr. DeQuattro served as CEO of DimensionalMechanics, Inc., a leading artificial intelligence software company. Mr. DeQuattro has also held leadership roles at Microsoft, Oracle and Sun Microsystems. He holds a bachelor’s degree in electrical engineering from Syracuse University and a master’s degree in business administration from Pepperdine University. Rackspace is a leading provider of hybrid cloud computing solutions, offering a comprehensive suite of products and services that enable customers to run their workloads across public and private clouds. Rackspace’s stock price moved up the same day that it was announced that Jeffery C. DeQuattro would be the new Chief Executive Officer, indicating that investors are confident in his ability to lead the company and continue its growth.