Web hosting and cloud services provider Rackspace (RAX -2.8%) is lower after delivering solid Q2...

|About: Rackspace Hosting, Inc. (RAX)|By:, SA News Editor

Web hosting and cloud services provider Rackspace (RAX -2.8%) is lower after delivering solid Q2 results that featured healthy growth in customers and average revenue per server. Kaufman Bros. is reiterating a Hold, arguing positive trends in IT outsourcing and cloud adoption are baked into Rackspace's shares. (PR) (transcript)