Rackspace Shares Fall 2.7% as Full-Year Guidance Slash Dulls Palantir Collaboration
RXT•Rackspace cut its full-year guidance, sending its stock down 2.66% during trading while Palantir shares slipped 1.60%. The recently announced data analytics collaboration failed to offset weaker-than-expected revenue forecasts and drew investor concerns.
1. Guidance Cut Details
Rackspace lowered its full-year 2026 revenue and EBITDA guidance after citing softer customer demand and macro pressures, signaling a notable slowdown in growth expectations.
2. Stock Reaction
Shares of Rackspace fell 2.66% and Palantir stock declined 1.60% following the guidance update, as investors questioned the company’s ability to meet revised targets.
3. Palantir Partnership Impact
The data analytics collaboration launched last quarter was intended to accelerate enterprise adoption, but so far it has failed to generate meaningful revenue uplift or offset the downturn in forecasts.
