Rapid7, Inc. provides cyber security solutions. The company offers a cloud-native insight platform that enables customers to create and manage analytics-driven cyber security risk management programs. Its platform includes InsightVM, a vulnerability risk management solution that is designed to provide a way to collect vulnerability data, prioritize risk, and automate remediation; InsightIDR, an incident detection and response solution; InsightAppSec, which provides application security testing that analyzes web applications for security vulnerabilities; and InsightConnect, a security orchestration and automation response solution that is used by security professionals. The company's other products include DivvyCloud, a cloud security posture management solution; Nexpose, an on-premise version of company's vulnerability risk management solution; AppSpider, an on-premise version of company's application security testing solution; Metasploit, a penetration testing software solution; and InsightOps that enables organizations to store and search data in real time, as well as professional services. It offers its products through term or perpetual software licenses, cloud-based subscriptions, and managed services. The company serves customers in a range of industries, including technology, energy, financial services, healthcare and life sciences, manufacturing, media and entertainment, retail, education, real estate, transportation, government, and professional services industries through sales teams, and indirect channel partner relationships, as well as directly in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Rapid7, Inc. was incorporated in 2000 and is headquartered in Boston, Massachusetts.
IPO Year: 2015
Exchange: NASDAQ
Website: rapid7.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/17/2025 | $48.00 → $42.00 | Buy → Hold | Stifel |
| 10/16/2024 | $50.00 | Buy | Jefferies |
| 9/20/2024 | Outperform → Sector Perform | RBC Capital Mkts | |
| 8/7/2024 | $52.00 → $43.00 | Hold → Buy | Canaccord Genuity |
| 8/1/2024 | $56.00 → $45.00 | Outperform → Neutral | Robert W. Baird |
| 4/26/2024 | $46.00 | Sector Perform | Scotiabank |
| 1/29/2024 | $53.00 → $70.00 | Neutral → Buy | UBS |
| 1/9/2024 | $54.00 → $65.00 | Neutral → Buy | Citigroup |
| 12/15/2023 | $55.00 | Neutral | Susquehanna |
| 11/3/2023 | $56.00 | Peer Perform → Outperform | Wolfe Research |
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10-Q - Rapid7, Inc. (0001560327) (Filer)
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8-K - Rapid7, Inc. (0001560327) (Filer)
8-K - Rapid7, Inc. (0001560327) (Filer)
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10-Q - Rapid7, Inc. (0001560327) (Filer)
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BOSTON, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Rapid7, Inc., (NASDAQ:RPD), a leader in extended risk and threat detection, has announced that it has achieved the In Process Designation from the Federal Risk and Authorization Management Program (FedRAMP®) for its InsightGovCloud Platform. The FedRAMP In Process designation indicates that Rapid7 is actively working towards authorization, making it an eligible and trusted Cloud Service Offering (CSO) for federal agencies. This new designation highlights Rapid7's continued commitment to partnering with federal agencies to invest in security solutions that enable continuous threat exposure management and enhance the resilience of their organizations
BOSTON, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced that the company will release its fourth quarter and full year 2024 financial results on Wednesday, February 12, 2025, 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. Eastern Time. The call will be accessible by telephone at +1 888-330-2384 (toll-free) or +1 240-789-2701 with the event code 8484206. The conference call will also be available live via webcast on the company's website at https://investors.rapid7.com. A webcast replay of the call will be avail
BOSTON, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc., Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced the expansion of its Managed Extended Detection and Response (MXDR) service to include enhanced support for Amazon Web Services (AWS) environments. This service enhancement brings customers deeper cloud detection and response capabilities by combining cloud native telemetry, AWS security telemetry, and enhanced detections in the Rapid7 Command Platform. This will drive broader, faster threat detection and remediation, delivered by the Rapid7 security operations center (SOC). Globally, over two million companies use AWS cloud computing services. These o
BOSTON, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced that its Exposure Command solution now supports Amazon Web Services (AWS) Resource Control Policies (RCPs). As a launch partner for this powerful feature, Rapid7 now provides additional visibility, insights, and best practices that guide customers in addressing complex enterprise Identity and Access Management (IAM) challenges across the modern attack surface. As businesses rapidly scale their AWS environments, they need additional visibility and tighter security controls in managing proliferating identities, resources, and their corresponding permissions. R
BOSTON, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced the expansion of its Managed Extended Detection and Response (MXDR) service to deliver continuous threat detection, investigation, and response across core Microsoft security tools. The newly enhanced service leverages organizations' existing Microsoft telemetry, integrating it into Rapid7's Command Platform for broader, faster threat detection and remediation, by the Rapid7 security operations center (SOC), without additional infrastructure or complex integration requirements. Microsoft tools are a foundational component within many organizations' tech stac
BOSTON, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced that it has been recognized as ‘Security Vendor of the Year' at the CRN Channel Awards 2024. One of the oldest and most prestigious awards in the UK IT Channel, CRN Channel Awards recognize companies committed to growth and innovation in the technology and IT channel. The ‘Security Vendor of the Year' award acknowledges Rapid7's overall contribution to business development within the channel, including its security product offerings and innovation, channel and marketing programs, as well as its services and support. Rapid7 empowers its partners to grow and s
BOSTON, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced that the company will be attending the following conferences: The 2024 RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference in New York, NY. The presentation is scheduled for Tuesday, November 19, 2024 at 9:20 a.m. Eastern Time.The Nasdaq 50th Investor Conference in London, UK on December 10-11, 2024. The presentation from the RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference will be webcast live, and a replay will be available for a limited time, under the "Events and Presentati
Annualized recurring revenue ("ARR") of $823 million, an increase of 6% year-over-yearTotal revenue of $215 million, up 8% year-over-year; Product subscriptions revenue of $206 million, up 8% year-over-yearGAAP operating income of $14 million; non-GAAP operating income of $44 millionNet cash provided by operating activities of $44 million; free cash flow of $39 million BOSTON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced its financial results for the third quarter of 2024. "Rapid7 continued to see positive momentum across key areas of our business in the third quarter, highlighted by growth in our threat dete
BOSTON, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced that the company will release its third quarter 2024 financial results on Wednesday, November 6, 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. Eastern Time. The call will be accessible by telephone at +1 888-330-2384 (toll-free) or +1 240-789-2701 with the event code 8484206. The conference call will also be available live via webcast on the company's website at https://investors.rapid7.com. A webcast replay of the call will be available at https://
BOSTON, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced the addition of third-party detections for defense in-depth with Managed Threat Complete (MTC), the company's Managed Detection and Response (MDR) solution. Rapid7's global service now includes coverage for CrowdStrike Falcon, SentinelOne Singularity Endpoint, and Microsoft Defender for Endpoint. Native endpoint security has always been part of Rapid7's defense-in-depth approach. Now, by enriching and layering SOC expertise with third-party endpoint detections, MTC delivers a more comprehensive defense of the customer's extended ecosystem. Rapid7's MDR ser
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BOSTON, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced that the company will release its fourth quarter and full year 2024 financial results on Wednesday, February 12, 2025, 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. Eastern Time. The call will be accessible by telephone at +1 888-330-2384 (toll-free) or +1 240-789-2701 with the event code 8484206. The conference call will also be available live via webcast on the company's website at https://investors.rapid7.com. A webcast replay of the call will be avail
Annualized recurring revenue ("ARR") of $823 million, an increase of 6% year-over-yearTotal revenue of $215 million, up 8% year-over-year; Product subscriptions revenue of $206 million, up 8% year-over-yearGAAP operating income of $14 million; non-GAAP operating income of $44 millionNet cash provided by operating activities of $44 million; free cash flow of $39 million BOSTON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced its financial results for the third quarter of 2024. "Rapid7 continued to see positive momentum across key areas of our business in the third quarter, highlighted by growth in our threat dete
BOSTON, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced that the company will release its third quarter 2024 financial results on Wednesday, November 6, 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. Eastern Time. The call will be accessible by telephone at +1 888-330-2384 (toll-free) or +1 240-789-2701 with the event code 8484206. The conference call will also be available live via webcast on the company's website at https://investors.rapid7.com. A webcast replay of the call will be available at https://
Annualized recurring revenue ("ARR") of $816 million, an increase of 9% year-over-yearTotal revenue of $208 million, up 9% year-over-year; Product subscriptions revenue of $200 million, up 10% year-over-yearGAAP operating income of $7 million; non-GAAP operating income of $39 millionNet cash provided by operating activities of $33 million; free cash flow of $29 million BOSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced its financial results for the second quarter of 2024. "Rapid7 delivered solid second quarter results in line with our expectations, growing ARR by 9% year-over-year to $816 million, and conti
BOSTON, July 09, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced that the company will release its second quarter 2024 financial results on Tuesday, August 6, 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. Eastern Time. The call will be accessible by telephone at +1 888-330-2384 (toll-free) or +1 240-789-2701 with the event code 8484206. The conference call will also be available live via webcast on the company's website at https://investors.rapid7.com. A webcast replay of the call will be available at https://investo
Annualized recurring revenue ("ARR") of $807 million, an increase of 11% year-over-yearTotal revenue of $205 million, up 12% year-over-year; Product subscriptions revenue of $197 million, up 13% year-over-yearGAAP operating income of $11 million; Non-GAAP operating income of $40 millionNet cash provided by operating activities of $31 million; Free cash flow of $28 million BOSTON, May 07, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced its financial results for the first quarter of 2024. "We continued to see solid traction with our consolidated threat detection and response solutions during the first quarter", sai
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. The company will host a conference call that same day to discuss its results and business outlook at 4:30 p.m. Eastern Time. The call will be accessible by telephone at +1 888-330-2384 (toll-free) or +1 240-789-2701 with the event code 8484206. The call will also be available live via webcast on the company's website at https://investors.rapid7.com. A webcast replay of the conference call will be available at https://investors.
Annualized recurring revenue ("ARR") of $806 million, an increase of 13% year-over-yearFull-year revenue of $778 million, up 14% year-over-year; Products revenue of $740 million, up 14% year-over-yearFull-year GAAP operating loss of $81 million; Full-year non-GAAP operating income of $102 millionFull-year net cash provided by operating activities of $104 million; Free cash flow of $84 million 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 delivered solid results to end the year, exceeding our guided ranges on ARR, revenue, non-GAAP
BOSTON, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Rapid7, 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. Eastern Time. The call will be accessible by telephone at +1 888-330-2384 (toll-free) or +1 240-789-2701 with the event code 8484206. The call will also be available live via webcast on the company's website at https://investors.rapid7.com. A webcast replay of the conference call will be available
Annualized recurring revenue ("ARR") of $777 million, an increase of 14% year-over-yearTotal revenue of $199 million, up 13% year-over-year; Products revenue of $190 million, up 14% year-over-yearGAAP 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 bus
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Stifel downgraded Rapid7 from Buy to Hold and set a new price target of $42.00 from $48.00 previously
Jefferies initiated coverage of Rapid7 with a rating of Buy and set a new price target of $50.00
RBC Capital Mkts downgraded Rapid7 from Outperform to Sector Perform
Canaccord Genuity upgraded Rapid7 from Hold to Buy and set a new price target of $43.00 from $52.00 previously
Robert W. Baird downgraded Rapid7 from Outperform to Neutral and set a new price target of $45.00 from $56.00 previously
Scotiabank initiated coverage of Rapid7 with a rating of Sector Perform and set a new price target of $46.00
UBS upgraded Rapid7 from Neutral to Buy and set a new price target of $70.00 from $53.00 previously
Citigroup upgraded Rapid7 from Neutral to Buy and set a new price target of $65.00 from $54.00 previously
Susquehanna initiated coverage of Rapid7 with a rating of Neutral and set a new price target of $55.00
Wolfe Research upgraded Rapid7 from Peer Perform to Outperform and set a new price target of $56.00
MUNICH, July 10, 2024 /PRNewswire/ -- commercetools, a global commerce company and the market leader in composable commerce, today announced the appointment of Andrew Burton as Chief Executive Officer (CEO), effective July 8, 2024. Burton succeeds Dirk Hoerig, co-founder and CEO of commercetools, who will remain on the Board and transition to the role of Chief Innovation Officer (CIO). In his new position, Hoerig will grow key customer and partner relationships, drive product innovation and advance the company's thought leadership. "It's an honor to be chosen to lead commercet
8x8, Inc. (NASDAQ:EGHT), a leading integrated cloud contact center and unified communications platform provider, today announced the appointment of Andrew Burton, President and Chief Operating Officer at Rapid7 (NASDAQ:RPD), as a new independent director, effective June 17, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240618184810/en/EGHT) announced that Andrew Burton has been appointed to the company's board of directors. (Photo: Business Wire)">8x8, Inc. (NASDAQ:EGHT) announced that Andrew Burton has been appointed to the company's board of directors. (Photo: Business Wire) Burton is an accomplished Software-as-a-Servi
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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220523005050/en/DirectDefense welcomes Jared Ballou to the leadership team as Vice President of Business Development. Jared is responsible for driving strategic partnerships
– Former CFO Transitioning to Pursue CEO Role – – Company Welcomes Proven Finance Executive with Background in High-Growth SaaS, Cybersecurity and Networking – – Mark Donohue to join from Vestmark, Rapid7, Cisco and Starent Networks – Evolv Technology (NASDAQ:EVLV), a global leader in weapons detection security screening, today announced the appointment of Mr. Mark Donohue to the position of Chief Financial Officer, effective June 1, 2022. Mr. Donohue will succeed Mr. Mario Ramos, who has accepted a role as CEO at a privately held financial services company. Mr. Ramos will continue in his current role until May 31, 2022 to ensure a smooth transition. Mr. Donohue will assume global respo
BOSTON, Nov. 29, 2021 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leading provider of security analytics and automation, today announced the appointment of Tim Adams as Chief Financial Officer (CFO), effective January 3, 2022. Mr. Adams will assume the CFO role from current Rapid7 CFO, Jeff Kalowski, who announced his retirement earlier this year after serving approximately five years with Rapid7. Upon joining the company Mr. Adams will report directly to Rapid7's Chairman and Chief Executive Officer, Corey Thomas. Mr. Kalowski will remain in an advisory capacity through the transition period in order to ensure a smooth and orderly transition of responsibilities. Mr. Adams joins Rapi
SANTA BARBARA, Calif., Jan. 14, 2021 (GLOBE NEWSWIRE) -- LogicMonitor, the leading cloud-based IT infrastructure monitoring and observability platform for Enterprises and Managed Service Providers (MSPs), today announced the appointment of veteran technology leader Christina Kosmowski as President of the high-growth SaaS company. The appointment comes at a time when both LogicMonitor’s global customer base and product capabilities continue to scale rapidly. Demand from enterprises seeking full visibility into complex, hybrid IT infrastructures has created a market opportunity predicted to grow to more than $100 billion by 2024, according to IDC. LogicMonitor is well-positioned to capitali