Rapid7 upgraded by Canaccord Genuity with a new price target
$RPD
Computer Software: Prepackaged Software
Technology
Canaccord Genuity upgraded Rapid7 from Hold to Buy and set a new price target of $43.00 from $52.00 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 |
10-Q - Rapid7, Inc. (0001560327) (Filer)
8-K - Rapid7, Inc. (0001560327) (Filer)
10-Q - Rapid7, Inc. (0001560327) (Filer)
SC 13G/A - Rapid7, Inc. (0001560327) (Subject)
SC 13G/A - Rapid7, Inc. (0001560327) (Subject)
SC 13G/A - Rapid7, Inc. (0001560327) (Subject)
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
4 - Rapid7, Inc. (0001560327) (Issuer)
4 - Rapid7, Inc. (0001560327) (Issuer)
4 - Rapid7, Inc. (0001560327) (Issuer)
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, 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
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").