Rackspace Hosting RAX continues to trade up in after-market hours following the company's second-quarter earnings release. The cloud computing services firm reported a Q2 EPS of $0.18 versus the $0.18 estimate.
Rackspace revenues were $319 million versus the estimated $317.81 million, beating Wall Street by 0.4 percent.
During today's trading session, Rackspace shares hovered above $50 before closing at $49.26. The company is currently up more than four percent in after hours trading.
Earlier today, Rackspace unveiled a new logo and tagline, which it hopes will enhance the company's brand identity.
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