Rackspace In-Line with Estimates

Rackspace Hosting

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

.