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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Besides Wall Street's top -and-bottom-line estimates for Rapid7 (RPD), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.

Rapid7 (RPD) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

BOSTON, April 09, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, today announced that the company will release its first quarter 2024 financial results on Tuesday, May 7, 2024, after the financial markets close.

Rapid7 to Report First Quarter 2024 Financial Results on May 7

BOSTON, April 03, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, today announced the winners of its 2024 Partner of the Year Awards. “Rapid7's Partner of the Year Awards program is an important way for us to recognize the contributions of our global partner community,” said Alex Page, vice president of global channel and emerging technology sales, Rapid7.

Rapid7 Announces 2024 Partner Of The Year Award Winners

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Rapid7 Inc. (RPD) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Rapid7 (RPD) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Rapid7 (RPD) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Rapid7 (RPD) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.35 per share a year ago.

Rapid7 (RPD) Q4 Earnings and Revenues Surpass Estimates

BOSTON, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (Nasdaq: RPD), a leader in extended risk and threat detection, today announced its financial results for the fourth quarter and full-year 2023.

Rapid7 Announces Fourth Quarter and Full-Year 2023 Financial Results

Beyond analysts' top -and-bottom-line estimates for Rapid7 (RPD), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

Curious about Rapid7 (RPD) Q4 Performance? Explore Wall Street Estimates for Key Metrics

BOSTON, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, today announced a new Managed Digital Risk Protection (DRP) service for external threat monitoring and remediation that prevents attacks earlier in the threat life cycle. Customers can add this solution to Managed Threat Complete, Rapid7's leading managed detection and response (MDR) service, for extended visibility and response support across their internal and external attack surfaces.

Rapid7 Adds New Managed Digital Risk Protection To Leading MDR Service for 360-Degree Detection and Response

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Rapid7's financial prospects for this year are positive, with strong revenue growth and margin improvement expected. The company's consensus revenue expansion estimate for 2024 is aligned with the market's expectations of an increase in cybersecurity demand this year. Rapid7's profitability is set to improve in the current year due to positive operating leverage and cost management initiatives.

2024 Will Be A Good Year For Rapid7

RPD's revenue has grown impressively well (CAGR +30%). Management has developed a compelling business model, with a broad range of services, underpinned by modern technologies. RPD is gaining market share and continues to innovate (supplemented by M&A). ARR exceeds revenue, and Management sees a potential uplift of 8x to ARR per customer over time. RPD's margin development has not been sufficient thus far, but it appears at the precipice of a rapid acceleration as it continues to gain scale.

Rapid7: Quality Business Trading Attractively In A Thriving Industry

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BOSTON, Jan. 09, 2024 (GLOBE NEWSWIRE) -- R apid7, Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, today announced that the company will release its fourth quarter and full year 2023 financial results on Wednesday, February 7, 2024, after the financial markets close. The company will host a conference call that same day to discuss its results and business outlook at 4:30 p.m.

Rapid7 to Report Fourth Quarter and Full Year 2023 Financial Results on February 7

Rapid7 (RPD) introduces a first-of-a-kind AI-based Cloud Anomaly Detection solution for public cloud environments.

Rapid7 (RPD) Unveils AI-Based Cloud Anomaly Detection Solution

Rapid7's cloud anomaly detection combines with cloud providers' services to help detect known and unknown threats earlier and surface true-positive alerts.

Rapid7 Announces AI-Driven Cloud Anomaly Detection

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BOSTON, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Rapid7, Inc . (NASDAQ: RPD), a leader in extended risk and threat detection, today announced that management will be presenting at the following conferences: The 2023 RBC Global Technology, Internet, Media and Telecommunications Conference in New York, NY.

Rapid7 to Present at Upcoming Investor Conferences

Rapid7 Inc. (NASDAQ:RPD ) Q3 2023 Earnings Conference Call November 1, 2023 4:30 PM ET Company Participants Elizabeth Chwalk - Director, IR Corey Thomas - Chairman and CEO Tim Adams - CFO Conference Call Participants Matt Hedberg - RBC Capital Markets Adam Tindle - Raymond James Matt Saltzman - Morgan Stanley Fatima Boolani - Citi John Weidemoyer - William Blair Eric Heath - KeyBanc Capital Markets Trevor Rambo - BTIG Rob Galvin - Stifel Alex Henderson - Needham Operator Good afternoon. My name is Rob, and I will be your conference operator today.

Rapid7 Inc. (RPD) Q3 2023 Earnings Call Transcript

Although the revenue and EPS for Rapid7 (RPD) give a sense of how its business performed in the quarter ended September 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) Q3 Earnings

Annualized recurring revenue (“ARR”) of $777 million, an increase of 14% year-over-year Total revenue of $199 million, up 13% year-over-year; Products revenue of $190 million, up 14% year-over-year GAAP operating loss of $16 million; Non-GAAP operating income of $37 million BOSTON, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Rapid7, Inc. (Nasdaq: RPD), a leader in extended risk and threat detection, today announced its financial results for the third quarter of 2023. “Rapid7 ended the third quarter with $777 million in ARR, driven by strong customer traction and momentum around our consolidated offerings for risk and threat management, which contributed over 40% of new business during the quarter,” said Corey Thomas, Chairman and CEO of Rapid7.

News for Rapid7 Stock (RPD)