Rapid7 downgraded by Canaccord Genuity with a new price target
$RPD
Computer Software: Prepackaged Software
Technology
Canaccord Genuity downgraded Rapid7 from Buy to Hold and set a new price target of $52.00 from $55.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
4 - Rapid7, Inc. (0001560327) (Issuer)
4 - Rapid7, Inc. (0001560327) (Issuer)
4 - Rapid7, Inc. (0001560327) (Issuer)
10-Q - Rapid7, Inc. (0001560327) (Filer)
8-K - Rapid7, Inc. (0001560327) (Filer)
8-K - Rapid7, Inc. (0001560327) (Filer)
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
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
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
BOSTON, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced that it has been named a Leader in the IDC MarketScape: Worldwide SIEM for Enterprise 2024 Vendor Assessment (doc #US51541324; September 2024). This follows the company also being positioned as a Leader in the IDC MarketScape: Worldwide SIEM for SMB 2024 Vendor Assessment (doc #US52038824; September 2024) earlier this month. "We believe being recognized as a Leader in the IDC MarketScape Worldwide SIEM for both Enterprise and SMB is a testament to the power of Rapid7 InsightIDR as well as our mission to give organizations of any size command of their attack
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
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").
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