Sep. 3 at 3:15 PM
$RXT was
$4.38 when outgoing CEO was named 9/26/22.
Someone at Rackspace should be actively working to secure speaking opportunities (or accepting them if Amar was turning them down).
Will he succeed at getting institutions to trust his leadership for Apollo’s “ai” debt-baby?
CEO transitions at multi-billion revenue firms should bring fresh energy, publicity, a new chance all around… and since they are choosing to remain a public company (for now), a statement before the 2Q25 quiet period begins in a few weeks would go a long way to allowing new money to more confidently bet along side the new CEO’s potential to execute. They did have a neutral pre-announce in the past year, so this would not be without precedence.
New CEO says customers are his first priority….
What’s second, debt holders? Apollo, which is beginning its 10th year since go private? Do Rackers come before ABRY? If getting acquired makes new CEO rich, what about partners?
$RBRK has 17x EV/S vs
$CTSH at 1.7x
