Rapid7

Rapid7, Inc. engages in the provision of cyber security analytics and automation services. Its products include Metasploit, Nexpose, AppSpider, tCell by Rapid7, as well as insight platforms such as InsightDR, InsightIVM, InsightAppSec, InsightConnect, and InsightOps. The firm also offers security and product consulting services. The company was founded by Alan P. Matthews, Tas Giakouminakis, and Chad Loder in July 2000 and is headquartered in Boston, MA.

Earnings data Q4 2023

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Rapid7 threat data, dedicated personnel will facilitate research that explores real-world scenarios and challenges to ready tomorrow's cyber operators Rapid7 threat data, dedicated personnel will facilitate research that explores real-world scenarios and challenges to ready tomorrow's cyber operators

Rapid7 and USF Collaborate on Cyber Training Initiative With $1.5 Million Grant From Office of Naval Research and National Science Foundation

BOSTON, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Rapid7, Inc. (“Rapid7”) (Nasdaq: RPD) today announced the pricing of $260.0 million aggregate principal amount of 1.25% convertible senior notes due 2029 (the “notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of the offering was increased from the previously announced offering size of $250.0 million. Rapid7 also granted the initial purchasers of the notes an option to purchase up to an additional $40.0 million aggregate principal amount of notes. The sale of the notes is expected to close on September 8, 2023, subject to customary closing conditions.

Rapid7 Announces Upsized Pricing of $260 Million Convertible Senior Notes Offering

BOSTON, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Rapid7, Inc. (“Rapid7”) (Nasdaq: RPD) today announced that it intends to offer, subject to market conditions and other factors, $250 million aggregate principal amount of convertible senior notes due 2029 (the “notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Rapid7 also intends to grant the initial purchasers of the notes an option to purchase up to an additional $37.5 million aggregate principal amount of notes.

Rapid7 Announces Proposed Private Offering of $250 Million of Convertible Senior Notes

BOSTON, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Rapid7, Inc . (NASDAQ: RPD), a leader in cloud risk and threat detection, today announced that management will be presenting at the following conferences:

Rapid7 to Present at Upcoming Investor Conferences

U.S. cybersecurity giant Rapid7 has announced plans to lay off 18% of its workforce, affecting more than 400 global employees. In a regulatory filing, the Boston-based cybersecurity company said its restructuring effort is “designed to improve operational efficiencies, reduce operating costs and better align the company's workforce with current business needs.

Cybersecurity giant Rapid7 announces sweeping layoffs as losses mount

Although the revenue and EPS for Rapid7 (RPD) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Rapid7 (RPD) Q2 Earnings

Rapid7 (RPD) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to loss of $0.01 per share a year ago.

Rapid7 (RPD) Beats Q2 Earnings and Revenue Estimates

Palo Alto Networks

Palo Alto Networks still growing like a weed more than decade after its IPO. Rapid7 faces tougher competitive and macro headwinds than Palo Alto.

Better Cybersecurity Stock: Palo Alto Networks vs. Rapid7

Takeover rumors have swirled around Rapid7 since the beginning of the year. It expects its growth to cool off this year.

Is It Too Late to Buy Rapid7 Stock?

Executive Risk View provides security leaders with the comprehensive visibility and context needed to reduce total risk across both cloud and on-premises assets Executive Risk View provides security leaders with the comprehensive visibility and context needed to reduce total risk across both cloud and on-premises assets

Rapid7 Announces Industry-First Solution for Holistically Visualizing and Reducing Cyber Risk in Hybrid Environments

BOSTON, July 13, 2023 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leader in cloud risk and threat detection, today announced that the company will release its second quarter 2023 financial results on Tuesday, August 8, 2023, after the financial markets close.

Rapid7 to Report Second Quarter 2023 Financial Results on August 8

BOSTON, June 20, 2023 (GLOBE NEWSWIRE) -- Rapid7, Inc . (NASDAQ: RPD), a leader in cloud risk and threat detection, today announced the release of its 2023 Social Good Report , the company's annual comprehensive review of its social good initiatives in several key areas including: diversity, equity, and inclusion (DEI), advancing cybersecurity, purposeful philanthropy, and environmental sustainability.

Rapid7 Releases 2023 Social Good Report, Highlighting Meaningful Progress Across Environmental, Social, and Governance (ESG) Initiatives

RPD has experienced a decline in growth due to macro-driven headwinds impacting enterprise IT spending, with growth falling from +30% in mid-2022 to +16% in Q1. I view the stock as fully valued at its current price of around $46 per share. I downgrade RPD to neutral. IT consolidation tailwind persists, but key near-term risks include competition from other cybersecurity peers also benefiting from the same trend.

Rapid7: Higher Growth Needed

Rapid7 is likely to be the subject of a takeover offer in time to come, considering recent news flow and its current valuations. On the other hand, RPD has the ability and intention to engage in value-accretive M&A deals going forward. I rate Rapid7 as a Buy, as there are catalysts relating to potential corporate actions which could help to re-rate RPD's shares.

Rapid7: Watch Potential Corporate Action Catalysts

The answer for one publicly-traded company, Boston-based Rapid7, is helping a company's security operations people feel that they are getting ahead of their security c

Rapid7 Stock Struggles To Maintain 2021 Growth

Rapid7 Stock Trades 70% Below Peak As Revenue Rises 12%

Rapid7, Inc. (NASDAQ:RPD ) Q1 2023 Earnings Conference Call May 9, 2023 4:30 PM ET Company Participants Sunil Shah - Vice President, Investor Relations Corey Thomas - Chairman and Chief Executive Officer Tim Adams - Chief Financial Officer Conference Call Participants Matthew Hedberg - RBC Capital Markets Saket Kalia - Barclays Rob Owens - Piper Sandler Shrenik Kothari - RW Baird Eric Heath - KeyBanc Capital Markets Gregg Moskowitz - Mizuho Brian Essex - JP Morgan Brad Reback - Stifel Matt Saltzman - Morgan Stanley Adam Tindle - Raymond James Joel Fishbein - Truist Gray Powell - BTIG Garrett Burkam - William Blair Joshua Tilton - Wolfe Research Alex Henderson - Needham and Company Shebly Seyrafi - FBN Securities Operator Good afternoon and welcome to the Rapid7 First Quarter 2023 Earnings Call. All participants are in a listen-only mode.

Rapid7, Inc. (RPD) Q1 2023 Earnings Call Transcript

Although the revenue and EPS for Rapid7 (RPD) give a sense of how its business performed in the quarter ended March 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Rapid7 (RPD) Reports Q1 Earnings: What Key Metrics Have to Say

Rapid7 (RPD) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to loss of $0.16 per share a year ago.

Rapid7 (RPD) Surpasses Q1 Earnings and Revenue Estimates

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Cybersecurity stocks have underperformed in 2023. But cloud security companies may be better positioned as corporate budgets tighten.

Cybersecurity Stocks To Watch As Earnings Reports Come In

Rapid7 is the IBD Stock of the Day ahead of the cybersecurity firm's earnings report on May 9. RPD stock has gained 45% in 2023.

Rapid7, Stock Of The Day, Shields Companies From Hacking Attacks

BOSTON, April 12, 2023 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leader in cloud risk and threat detection, today announced that the company will release its first quarter 2023 financial results on Tuesday, May 9, 2023, after the financial markets close.

Rapid7 to Report First Quarter 2023 Financial Results on May 9

Cybersecurity stocks have underperformed vs. the Nasdaq.

Cybersecurity Stocks To Watch Amid 'Flooded' Startup Ecosystem

Rapid7, Inc. (NASDAQ: RPD) announced it is buying Minerva Labs for about $38 million. These are the details.

Rapid7 Buying Minerva Labs For About $38 Million (RPD)

Minerva's robust technology and talented engineering team extend Rapid7's end-to-end managed threat detection and orchestration capabilities from the endpoint to the cloud Minerva's robust technology and talented engineering team extend Rapid7's end-to-end managed threat detection and orchestration capabilities from the endpoint to the cloud

News for Rapid7 Stock (RPD)