RXT

Rackspace Technology, Inc.

7.04
USD
0.43%
7.04
USD
0.43%
5.63 18.50
52 weeks
52 weeks

Mkt Cap 1.47B

Shares Out 209.14M

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Technology Sector Update for 06/23/2022: RXT,VMW,LDOS,MEI

Technology stocks were narrowly higher, with the SPDR Technology Select Sector ETF (XLK) Thursday rising 0.2% and the Philadelphia Semiconductor Index sliding 1.8% this afternoon. In company news, Rackspace Technology (RXT) rose 3.7% after Thursday saying it was partnering with VMware (VMW) and providing its Data Center in a Box application for use in VMWare's Secure Access Service Edge platform. Leidos Holdings (LDOS) was fractionally lower, giving back a 1.5% gain earlier Thursday that followed the US Government Accountability Office late Wednesday upholding a defense enclave services contract award from the Defense Information Systems Agency worth as much as $11.5 billion for the IT services company. Methode Electronics (MEI) slid 3.9% after the components manufacturer reported a 4.1% decline in its Q4 net income to $288.7 million while net income for the three months ended April 30 fell to $0.43 per share compared with an $0.81 per share profit during the same quarter in 2021. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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