Insufficient Growth At Rackspace Technology, Inc. (NASDAQ:RXT) Hampers Share Price
Rackspace Technology, Inc.’s (NASDAQ:RXT) price-to-sales (or “P/S”) ratio of 0.1x might make it look like a strong buy right now compared to the IT industry in the United States, where around half of the companies have P/S ratios above 2.6x and even P/S above 7x are quite common. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so limited.
See our latest analysis for Rackspace Technology
How Rackspace Technology Has Been Performing
While the industry has experienced revenue growth lately, Rackspace…