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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BOSTON, July 08, 2021 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leading provider of security analytics and automation, today announced that the company will release its second quarter 2021 financial results on Wednesday, August 4, 2021 after the financial markets close.

Rapid7 to Report Second Quarter 2021 Financial Results on August 4

New cloud-native security solution is the first to fully integrate cloud security posture management, infrastructure entitlements management, infrastructure-as-code, and cloud workload protection New cloud-native security solution is the first to fully integrate cloud security posture management, infrastructure entitlements management, infrastructure-as-code, and cloud workload protection

Rapid7 Launches InsightCloudSec to Automate Continuous Security and Compliance for Complex Cloud Environments

BOSTON, July 06, 2021 (GLOBE NEWSWIRE) -- Rapid7, Inc.  (NASDAQ: RPD), a leading provider of security analytics and automation, today announced that it has been named a Leader in the Gartner 2021 Magic Quadrant for Security Information and Event Management (SIEM) for the second year in a row.

Rapid7 Named a Leader for the Second Consecutive Time in 2021 Gartner Magic Quadrant for Security Information and Event Management (SIEM)

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With tailwinds from increased remote work, frequent cyberattacks, and continued technological adoption, the industry is and will continue to see strong growth. Due to the wide possibilities and critical need of such solutions, the industry is densely packed with numerous companies, so it is difficult to ascertain top-quality.

Oversaturated Industry: What Names Stand Out In Cyber Security

BOSTON, June 01, 2021 (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 in the 2021 Magic Quadrant for Application Security Testing. Rapid7 was recognized for its completeness of vision and ability to execute.

Rapid7 Named a Visionary in 2021 Gartner Magic Quadrant for Application Security Testing

The recent Colonial Pipeline attack has defense against hackers on everyone's mind. Check out these 3 small-cap cybersecurity stocks to buy.

3 Small-Cap Cybersecurity Stocks to Buy After the Colonial Pipeline Hack

Rapid7's (RPD)CEO Corey Thomas on Q1 2021 Results - Earnings Call Transcript

BOSTON, May 06, 2021 (GLOBE NEWSWIRE) -- Rapid7, Inc. (Nasdaq: RPD), a leading provider of security analytics and automation, today announced its financial results for the first quarter of 2021.

Rapid7 Announces First Quarter 2021 Financial Results

Rapid7 announced that it has acquired Velociraptor, an open source platform focused on endpoint monitoring.

Rapid7 bolsters open source security with Velociraptor acquisition

Security analytics and automation provider Rapid7 Inc (NASDAQ: RPD) has acquired open-source technology and community Velociraptor. The financial terms of the transaction were not disclosed.

Rapid7 Acquires Velociraptor To Drive Incident Response Abilities

Company remains committed to supporting Velociraptor's open-source community while also providing Rapid7 customers with enhanced digital forensics and incident response capabilities Company remains committed to supporting Velociraptor's open-source community while also providing Rapid7 customers with enhanced digital forensics and incident response capabilities

Rapid7 Acquires Digital Forensics and Incident Response Open Source Project, Velociraptor

BOSTON, April 08, 2021 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leading provider of security analytics and automation, today announced that the company will release its first quarter 2021 financial results on Thursday, May 6, 2021 after the financial markets close.

Rapid7 to Report First Quarter 2021 Financial Results on May 6

BOSTON, March 24, 2021 (GLOBE NEWSWIRE) -- Rapid7, Inc.  (NASDAQ: RPD), a leading provider of security analytics and automation, today announced it has been positioned as a Strong Performer in " The Forrester Wave™: Managed Detection and Response Providers, Q1 2021 ," a report published by Forrester Research Inc. Rapid7 was among the 15 service providers evaluated, with Forrester evaluating each vendor using 19 criteria in the categories of current offering, strategy, and market presence.

Rapid7 Named a Strong Performer in Managed Detection and Response Report

BROOKLYN, N.Y.--(BUSINESS WIRE)-- #IoTsecurity--Medigate partners with Rapid7 to protect healthcare IoT devices to secure real time health.

Medigate Partners with Rapid7 to Protect Healthcare IoT Devices

Cybersecurity solution provider Rapid7 Inc (NASDAQ: RPD) priced $525 million 0.25% convertible senior notes due 2027 to raise $511.8 million in an upsized private institutional placement. The offering was upsized from the previously announced $500 million.

Rapid7 Raises $525 Million Via Upsized Convertible Senior Notes Offering

BOSTON, March 17, 2021 (GLOBE NEWSWIRE) -- Rapid7, Inc. (“Rapid7”) (Nasdaq: RPD) today announced the pricing of $525.0 million aggregate principal amount of 0.25% convertible senior notes due 2027 (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 $500.0 million. Rapid7 also granted the initial purchasers of the notes an option to purchase up to an additional $75.0 million aggregate principal amount of notes. The sale of the notes is expected to close on March 19, 2021, subject to customary closing conditions.

Rapid7 Announces Upsized Pricing of $525 Million Convertible Senior Notes Offering

BOSTON, March 15, 2021 (GLOBE NEWSWIRE) -- Rapid7, Inc. (“Rapid7”) (Nasdaq: RPD) today announced that it intends to offer, subject to market conditions and other factors, $500 million aggregate principal amount of convertible senior notes due 2027 (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 $75 million aggregate principal amount of notes.

Rapid7 Announces Proposed Private Offering of $500 Million of Convertible Senior Notes

BOSTON, March 02, 2021 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leading provider of security analytics and automation, today announced that it will be hosting a Virtual Investor Day on Wednesday, March 10, 2021. Members of Rapid7's executive team will give presentations regarding the company's vision, strategy, key business initiatives, and financial goals.

Rapid7 to Host Virtual Investor Day on March 10, 2021

With a 20% growth forecast and market-beating stock performance, can Rapid7 keep exceeding investor expectations?

Rapid7 Aiming To Grow 20% In 2021

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BOSTON, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Rapid7, Inc . (NASDAQ: RPD), a leading provider of security analytics and automation, today announced that management will be presenting at the following virtual conference.

Rapid7 to Present at Upcoming Investor Conference

Rapid7, Inc. (RPD) CEO Corey Thomas on Q4 2020 Results - Earnings Call Transcript

BOSTON, Feb. 09, 2021 (GLOBE NEWSWIRE) --  Rapid7, Inc. (NASDAQ: RPD), a leading provider of security analytics and automation, today announced financial results for the fourth quarter and full-year 2020.

Rapid7 Announces Fourth Quarter and Full-Year 2020 Financial Results

Rapid7 (RPD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Rapid7 (RPD) to Report a Decline in Earnings: What to Look Out for

Rapid7, Inc. acquired Israeli Kubernetes security provider Alcide.IO Ltd for a purchase price of $50 million.

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