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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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.

Rapid7 Announces Third Quarter 2023 Financial Results

The war in Eastern Europe involved large-scale cyber operations, highlighting the importance of cybersecurity in conflicts. Cybersecurity companies, in general, could benefit due to their solutions for threat detection and response, vulnerability assessment, and risk management. Rapid7 faces competition and financial challenges, but cost control measures and potential growth in free cash flow could positively impact valuations.

Rapid7: Timely Restructuring Amid Higher Cybersecurity Risks

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BOSTON, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, today announced that the company will release its third quarter 2023 financial results on Wednesday, November 1, 2023, 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 Third Quarter 2023 Financial Results on November 1

BOSTON and PRAGUE, Czech Republic, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Rapid7 , Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, today announced the opening of its Prague office. The company opened its office doors yesterday at Praga Office Garden, Pernerova 702/39, Praha 8 - Karlín and welcomed its local Rapid7 employees.

Rapid7 Announces New Office and Security Operations Center as it Expands to Prague

BOSTON, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, announced today that its Managed Detection and Response (MDR) service now includes multi-layered endpoint prevention and forensics capabilities powered by its Insight Agent. The Insight Agent already delivers powerful vulnerability scanning, high-efficacy threat detection, and swift containment activities.

Rapid7 Expands Endpoint Protection Capabilities to Proactively Prevent Breaches

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

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

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