Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of September 28, 2026 in Rackspace Technology, Inc. Lawsuit

A securities action alleges that Rackspace reaffirmed its full-year revenue targets between May 7 and July 9, 2026, then cut 15% of its workforce and subsequently reduced guidance by $150 million. The alleged sequence raises investor-disclosure and execution concerns, with the guidance cut signaling a material deterioration in the company’s revenue outlook.