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 |
---|---|---|---|
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 |
7/6/2023 | $50.00 | Neutral | UBS |
2/9/2023 | $45.00 → $52.00 | Overweight → Neutral | Piper Sandler |
2/9/2023 | $55.00 → $52.00 | Buy → Hold | Canaccord Genuity |
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
LAS VEGAS, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced the release of its Ransomware Radar Report in conjunction with the company's presence at Black Hat USA. The all-new research report provides a fresh perspective on the global ransomware threat by analyzing, comparing, and contrasting attacker activity and techniques over an 18-month period ending June 30, 2024. According to the report, ransomware groups continue to refine their craft, building and scaling business models that resemble legitimate corporate enterprises. They market their services to prospective buyers, offer company insiders commissions in
BOSTON, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced the launch of its Command Platform, a unified threat exposure, detection, and response platform. Rapid7's AI-charged Command Platform allows customers to integrate their critical security data to provide a unified view of vulnerabilities, exposures, and threats from endpoint to cloud to close security gaps and prevent attacks. Rapid7 also announced the first two solutions on the Command Platform: Exposure Command, which helps organizations detect and prioritize exposures from endpoint to cloud, and Surface Command, which is designed to discover and provide de
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
BOSTON, July 09, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced the promotion of three long-tenured sales leaders to General Manager within a new regional model designed to enhance customer engagement, drive stronger customer expansion, and improve efficiency across the sales organization. David Boffa will serve as General Manager of the Americas, David Howorth will serve as General Manager of EMEA, and Rob Dooley will serve as General Manager of APAC. As part of their expanded scope, each of these leaders will be responsible for retention, expansion, and new customer acquisition within their respective regions, and wil
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
BOSTON, July 01, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced it has signed a definitive agreement to acquire Noetic Cyber, an innovator and a leader in cyber asset attack surface management (CAASM). The addition of Noetic's CAASM solution to Rapid7's existing cybersecurity solutions will provide more comprehensive visibility of a customer's environment, including visibility into both internal and external assets, on-premise and in the cloud. With this, customers will be empowered to: More fully understand their attack surface with a high-context, inside-out view and an adversary aware, outside-in view to efficiently
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
BOSTON, June 13, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD) today announced the Rapid7 AI Engine used by its global security operations center (SOC) teams now includes new generative artificial intelligence (AI) capabilities, transforming the way the company delivers its leading managed detection and response (MDR) services. The Rapid7 AI Engine is the foundational analytics engine that underpins the Insight Platform and assists the company's global SOC team throughout the lifecycle of an attack. It enhances threat detection and alert triage by leveraging a massive and diverse set of risk and threat data to automatically distinguish between malicious and benign alerts. The engine
BOSTON, June 06, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced that InsightIDR was recognized as Best SIEM Solution at the SC Awards Europe 2024. This is the second time InsightIDR has won Best SIEM Solution, having also received the honor in 2022. Rapid7 InsightIDR gives businesses control over their hybrid attack surface with embedded intelligence, AI-powered detections throughout the kill chain, and expertly curated automated responses. With a high fidelity threat library vetted in the field by our MDR experts, customers can confidently pinpoint real threats and respond with the speed and scale necessary for the clou
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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
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Morgan Stanley analyst Erin Wilson maintains Rapid7 (NASDAQ:RPD) with a Equal-Weight and maintains $46 price target.
Noetic Cyber was co-founded in 2019 by Paul Ayers, Allen Hadden, and Allen Rogers to empower security teams to command their attack surface. The acquisition of Noetic Cyber is expected to close during Rapid7's fiscal third quarter and is not expected to have a material impact on the Company's 2024 Annualized Recurring Revenue ("ARR").
https://www.wsj.com/finance/activist-investor-jana-partners-to-push-cybersecurity-firm-rapid7-to-sell-itself-b0fff295?mod=latest_headlines
- SEC Filing
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Jefferies cut the price target for Applied Materials, Inc. (NASDAQ:AMAT) from $215 to $210. Jefferies analyst Blayne Curtis downgraded the stock from Buy to Hold. Applied Materials shares rose 1.7% to close at $209.73 on Friday. See how other analysts view this stock. Baird boosted the price target for Mettler-Toledo International Inc. (NYSE:MTD) from $1,212 to $1,360. Baird analyst Catherine Schulte maintained a Neutral rating. Mettler-Toledo International shares jumped 17% to close at $1,510.25 o
Susquehanna analyst Anne Meisner maintains Rapid7 (NASDAQ:RPD) with a Neutral and lowers the price target from $55 to $40.
Needham analyst Alex Henderson reiterates Rapid7 (NASDAQ:RPD) with a Hold.
Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced new, patented ransomware prevention technology that delivers end-to-end ransomware coverage to anticipate advanced attacks as well as accelerate detection and response time.
The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Rapid7, Inc. (NASDAQ:RPD) On May 7, Rapid7 posted upbeat quarterly earnings. We continued to see solid traction wi
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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
UBS initiated coverage of Rapid7 with a rating of Neutral and set a new price target of $50.00
Piper Sandler downgraded Rapid7 from Overweight to Neutral and set a new price target of $52.00 from $45.00 previously
Canaccord Genuity downgraded Rapid7 from Buy to Hold and set a new price target of $52.00 from $55.00 previously
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
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. 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://
Annualized recurring revenue ("ARR") of $751 million, an increase of 14% year-over-yearTotal revenue of $190 million, up 14% year-over-year; Products revenue of $182 million, up 14% year-over-yearGAAP operating loss of $52 million; Non-GAAP operating income of $13 millionGAAP operating cash flow of $31 million; Free cash flow of $26 million BOSTON, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in cloud risk and threat detection, today announced its financial results for the second quarter of 2023. "Rapid7 delivered strong second quarter results, ending the quarter with ARR of $751 million. Revenue and Non-GAAP operating income exceeded
BOSTON, July 13, 2023 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in cloud risk and threat detection, today announced that the company will release its second quarter 2023 financial results on Tuesday, August 8, 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. 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.