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Rackspace’s network operations center.
Courtesy of Rackspace
Rackspace Technology stock is falling hard as investors respond to financial forecasts that appear to have overshadowed better-than-expected quarterly numbers.
The cloud-based provider of software and services said on Tuesday it expects revenue to be in the range of $768 million to $778 million for its fiscal first quarter, which ends in March. The consensus call on Wall Street was for revenue of $791 million. Per-share earnings are…
