Shares of Rackspace Hosting, Inc. (RAX) fell 4.5% Wednesday, just a day after the stock rose above $19 a share and received received two analyst upgrades.

On Monday, the company said it saw its third-quarter profit jump 5% to $7.6 million or 6 cents per share in the quarter, compared to profit of $5.2 million or 4 cents per share during the year-ago period. The Street was expecting earnings of 6 cents per share.

Revenue rose to $162.4 million, beating the forecasts for revenue of $159.1 million put forth by analysts polled by Thomson Reuters.

The company was upgraded to a buy rating by Kaufman Bros. and was upgraded to outperform from perform by Oppenheimer following the release of its third-quarter earnings.

Shares of Rackspace fell 85 cents or 4.52% in Wednesday’s session to close at $17.95 a share.