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.

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Rapid7 exceeds Q4 expectations, eyes growth amid mid-market challenges

Rapid7's Q4 2022 performance exceeded expectations, with a focus on balancing profitability and growth.
Strengths lie in the resonance of the Insight platform, consolidation offerings, and stable large enterprise accounts.
Challenges include economic pressures in the mid-market segment and longer sales cycles.
Opportunities exist in increasing ARR per customer, engaging C-level executives, and expanding partnerships.

Rapid7 exceeds Q1 expectations, eyes growth through strategic focus

Rapid7's Q1 2023 showcased strong financial performance, exceeding revenue and operating income expectations.
The company's strategic focus on consolidated security offerings and cloud solutions drove growth and raised guidance.
While facing challenges in sales productivity and external factors, Rapid7 remains poised for continued expansion and revenue optimization.
Opportunities lie in investments in cloud security, acquisitions like Minerva, and sustained efforts in sales team retention and expansion.

Rapid7 exceeds Q2 expectations, focuses on SecOps consolidation for growth

Rapid7 exceeded Q2 expectations, focusing on SecOps consolidation and cloud security integration for future growth.
The company is restructuring to enhance profitability and growth, with a revised full-year outlook showing positive growth.
Efforts are being made to minimize customer impact during restructuring while maintaining stable demand outlook.
Rapid7's strong performance in international markets and focus on MSP opportunities present promising growth avenues.

Rapid7 surpasses Q3 expectations, eyes growth amidst tight budgets

Rapid7's Q3 performance exceeded expectations, driven by strong demand for security solutions and strategic restructuring efforts. The company is focused on long-term growth, with investments in products, services, and sales/marketing. While facing a tight budget environment, Rapid7 aims to address the demand backlog and capitalize on partnership expansions and market disruptions.

Rapid7 exceeds 2023 targets, eyes efficient growth in 2024

Rapid7's strong 2023 performance exceeded expectations across key metrics.
Strategic investments planned for 2024 aim to drive efficient growth.
Focus on higher growth while delivering strong free cash flow growth.
Emphasis on continued funding for security projects and market expansion.

Rapid7 reports Q1 revenue growth, focuses on cloud security opportunities

Rapid7's Q1 2024 performance saw ARR below expectations but strong revenue and free cash flow. The company faces challenges in sales alignment and pricing dynamics but aims to capitalize on opportunities in cloud security and market competition. Overall, Rapid7 maintains a focus on profitability targets amidst adjustments in growth outlook.

Rapid7 surpasses Q2 expectations, poised for cybersecurity market leadership

Rapid7's Q2 performance exceeded expectations, showcasing strong growth in ARR, revenue, and operating income.
The company's strategic focus on innovation and acquisitions strengthens its competitive position in the cybersecurity market.
While challenges in cost management and market competition exist, Rapid7's opportunities lie in profitability expansion and long-term growth strategies.

Rapid7 surpasses Q3 expectations, eyes growth through innovation and partnerships

Rapid7's Q3 2024 performance exceeded expectations, driven by strong revenue and profitability
While facing challenges with deal cycles, the company showcased promising growth areas
Strategic focus on innovation and partnerships positions Rapid7 well for future opportunities
Maintaining financial discipline and capitalizing on growth avenues are key priorities

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Rapid7, Inc. (NASDAQ:RPD ) Q3 2022 Earnings Conference Call November 2, 2022 4:30 PM ET Company Participants Sunil Shah - VP, IR Corey Thomas - Chairman & CEO Timothy Adams - CFO Conference Call Participants Matthew Hedberg - RBC Capital Markets Jonathan Ho - William Blair & Company Mark Cash - Raymond James Robert Galvin - Stifle Operator Hello. My name is Lisa, and I'll be your conference operator today.

Rapid7, Inc. (RPD) Q3 2022 Earnings Call Transcript

Rapid7 (RPD) delivered earnings and revenue surprises of 180% and 0.20%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Rapid7 (RPD) Q3 Earnings Top Estimates

BOSTON, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Rapid7, Inc. (Nasdaq: RPD), a leading provider of security analytics and automation, today announced its financial results for the third quarter of 2022.

Rapid7 Announces Third Quarter 2022 Financial Results

Rapid7 published Q2 2022 financial results on August 3, 2022. The firm provides a range of cyber security threat intelligence and related technologies to organizations worldwide.

Rapid7 Confronts Slowing Europe And Price-Conscious Customers

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BASINGSTOKE, England--(BUSINESS WIRE)-- #siemdata--Juniper Research has found that the total business spend on SIEM (Security Identity & Event Management) will exceed $6.4 billion globally by 2027.

Juniper Research: Security Information & Event Management Spend to Exceed $6.4 Billion by 2027 Globally, as IBM, Rapid7 & Splunk Lead the Market

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The trend of major companies undergoing impactful hacking attacks definitely isn't going away. In just the last several weeks, a breach at Uber (NYSE: UBER ) exposed the personal information of the company's data, while a cyberattack of JPMorgan (NYSE: JPM ) reportedly ” blocked the bank's network infrastructure” and a hack of “more than a dozen U.S. airports' websites” made it impossible to access areas of their sites for a while.

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Rapid7, Inc. offers security solutions with visibility, analytics, and automation. IT professionals often use the company's platform to reduce vulnerabilities, check for malicious behavior, and detect hacker attacks. For the year 2022, management expects free cash flow of $40-$45 million and revenue growth around $740-$750 million.

Rapid7: Double Digit Revenue Growth And Partnerships Imply Higher Valuation

BOSTON, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leading provider of security analytics and automation, today announced that the company will release its third quarter 2022 financial results on Wednesday, November 2, 2022, after the financial markets close.

Rapid7 to Report Third Quarter 2022 Financial Results on November 2

BOSTON, Sept. 22, 2022 (GLOBE NEWSWIRE) -- The Bruins announced today, September 22, a multi-year partnership with Rapid7 as the first-ever official jersey patch partner of the Boston Bruins, the Official Cybersecurity Partner of the Boston Bruins and the Official Cybersecurity Partner of TD Garden, beginning with the 2022-23 season.

Boston Bruins Announce Rapid7 as First-Ever Official Team Jersey Patch Partner

Rapid7, Inc. (NASDAQ:RPD ) Q2 2022 Earnings Conference Call August 3, 2022 4:30 PM ET Company Participants Sunil Shah - VP, IR Corey Thomas - Chairman & CEO Timothy Adams - CFO Conference Call Participants Robbie Owens - Piper Sandler & Co. Jonathan Ho - William Blair & Company Matthew Hedberg - RBC Capital Markets Joshua Tilton - Wolfe Research Brian Essex - Goldman Sachs Group Alexander Henderson - Needham & Company Shebly Seyrafi - FBN Securities Eric Heath - KeyBanc Capital Markets Joel Fishbein - Truist Securities Matthew Saltzman - Morgan Stanley Operator Good afternoon. My name is Chris, and I'll be your conference operator today.

Rapid7, Inc. (RPD) CEO Corey Thomas on Q2 2022 Results - Earnings Call Transcript

Rapid7 (RPD) delivered earnings and revenue surprises of 75% and 1.89%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Rapid7 (RPD) Reports Q2 Loss, Tops Revenue Estimates

BOSTON, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Rapid7, Inc. (Nasdaq: RPD), a leading provider of security analytics and automation, today announced its financial results for the second quarter of 2022.

Rapid7 Announces Second Quarter 2022 Financial Results

New capabilities seamlessly consolidate risk signals into a unified view that helps speed up prioritization, notification, and remediation of critical risks in a cloud environment New capabilities seamlessly consolidate risk signals into a unified view that helps speed up prioritization, notification, and remediation of critical risks in a cloud environment

Rapid7 Introduces New Layered Context Capabilities for InsightCloudSec

BOSTON, July 07, 2022 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leading provider of security analytics and automation, today announced that the company will release its second quarter 2022 financial results on Wednesday, August 3, 2022, after the financial markets close.

Rapid7 to Report Second Quarter 2022 Financial Results on August 3

Total Economic Impact (TEI) study reveals that customers also achieved a 90% reduction rate in likelihood of major security breach Total Economic Impact (TEI) study reveals that customers also achieved a 90% reduction rate in likelihood of major security breach

Rapid7 Managed Detection and Response Services Delivered 549% Return on Investment According to Leading Independent Research Firm

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- #cybersecurity--DirectDefense, Inc., an information security services company that provides enterprise risk assessments, penetration testing, ICS/SCADA security services, and 24/7 managed services, announced today that it has appointed Jared Ballou as Vice President of Business Development. Based in San Diego, CA, Jared will be responsible for driving strategic partnerships to support the company's growth and business strategy. “Jared is a talented leader with extensive exper

DirectDefense Appoints Jared Ballou as Vice President of Business Development

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Rapid7, Inc. (NASDAQ: RPD), unlike most of its competitors in the cloud security space, has the very real possibility of turning a profit this year, which probably comes as a great surprise to many investors

Rapid7: Could Be Profitable in FY 2022 Despite Bear Market

Rapid7 ( RPD , Financial) is a leading cybersecurity company which provides a unified cloud-based platform. They were founded in 2000 and are a "visionary” leader in application and security testing according to Gartner.

Rapid7: Rapidly Growing With High Retention Rates

Rapid7 (RPD) delivered earnings and revenue surprises of 0% and 1.89%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Rapid7 (RPD) Reports Q1 Loss, Tops Revenue Estimates

Rapid7, Inc. (NASDAQ:RPD ) Q1 2022 Earnings Conference Call May 4, 2022 4:30 PM ET Company Participants Sunil Shah - Vice President, Investor Relations Corey Thomas - Chief Executive Officer Tim Adams - Chief Financial Officer Conference Call Participants Matt Hedberg - RBC Capital Markets Matt Horstmann - Morgan Stanley Alex Henderson - Needham Rob Owens - Piper Sandler Jonathan Ho - William Blair Joshua Tilton - Wolfe Research Shebly Seyrafi - FBN Securities Brad Reback - Stifel Operator Good day and thank you for standing by. Welcome to the First Quarter 2022 Rapid7 Earnings Conference Call.

Rapid7, Inc. (RPD) CEO Corey Thomas on Q1 2022 Results - Earnings Call Transcript

BOSTON, April 21, 2022 (GLOBE NEWSWIRE) -- Rapid7, Inc . (NASDAQ: RPD), a leading provider of security analytics and automation, today announced it has been recognized as a Visionary by Gartner for the second consecutive year in the 2022 Magic Quadrant for Application Security Testing.

Rapid7 Named a Visionary for Second Consecutive Year in Gartner® Magic Quadrant™ for Application Security Testing

BOSTON, April 07, 2022 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leading provider of security analytics and automation, today announced that the company will release its first quarter 2022 financial results on Wednesday, May 4, 2022, after the financial markets close.

Rapid7 to Report First Quarter 2022 Financial Results on May 4

Inaugural 2022 Social Good Report highlights Rapid7's work in diversity, equity and inclusion; advancing cybersecurity; purposeful philanthropy; environmental sustainability; and governance Inaugural 2022 Social Good Report highlights Rapid7's work in diversity, equity and inclusion; advancing cybersecurity; purposeful philanthropy; environmental sustainability; and governance

Rapid7 Announces Its First Annual Social Good Report

Rapid7's unified cloud platform gives its a competitive advantage.

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