Rackspace Technology shares fall 1.89% after-hours as U.S. firms enhance cybersecurity.

Rackspace Technology, Inc. declined 1.89% in after-hours trading. The drop in stock price may be attributed to the increasing frequency and impact of data breaches, as highlighted in the ISG report on U.S. firms enhancing cybersecurity for resilience. This news could have raised concerns among investors about the potential risks and costs associated with cybersecurity threats, leading to a bearish sentiment towards the stock.