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 |
|---|---|---|---|
| 5/13/2025 | $21.00 | Neutral → Underperform | DA Davidson |
| 4/1/2025 | $33.00 | Equal-Weight | Stephens |
| 3/18/2025 | Equal-Weight | Morgan Stanley | |
| 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 |
Annualized recurring revenue ("ARR") of $837 million, an increase of 4% year-over-yearTotal revenue of $210 million, up 3% year-over-year; Product subscriptions revenue of $204 million, up 4% year-over-yearGAAP operating loss of $0.1 million; Non-GAAP operating income of $32 millionNet cash provided by operating activities of $30 million; Free cash flow of $25 million BOSTON, May 12, 2025 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced its financial results for the first quarter 2025. "We had a slower start to 2025 than anticipated however we have a clear strategy and strong conviction in our long-term opportunity," said Core
BOSTON, April 29, 2025 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced a series of powerful enhancements to its Command Platform. With unified threat-informed remediation, Rapid7 now offers security teams platform-level remediation capabilities across exposure management and threat detection and response, resulting in greater visibility, alignment, collaboration, and security outcomes. In addition, Rapid7 stands behind these security outcomes with financial coverage through Breach Protection Warranty, giving customers confidence that they're not only protected from threats – but also providing peace of mind should a breach occu
BOSTON, April 24, 2025 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced the launch of Managed Detection & Response (MDR) for Enterprise, a fully managed and customizable detection and response service designed to meet the unique demands of complex, distributed enterprise environments. Modern enterprises operate across sprawling digital environments spanning cloud, on-premises, legacy systems, and proprietary applications. For some organizations, standard MDR services can fall short in these environments, leaving visibility gaps and creating operational friction. MDR for Enterprise fills that gap, combining meaningful customizat
BOSTON, April 23, 2025 (GLOBE NEWSWIRE) -- Rapid7 (NASDAQ:RPD), a leader in extended risk and threat detection, today announced the launch of Intelligence Hub, an integrated threat intelligence solution designed to provide security teams with meaningful context and actionable insights for accelerated detection and response. Data overload is a major problem for security teams; two-thirds of SOC analysts responding to a recent survey said the number of security alerts they receive had "significantly increased" in the last three years. In addition, 70% said the number of security tools they work with had "significantly increased." Intelligence Hub addresses several key challenges faced
BOSTON, April 15, 2025 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced that the company will release its first quarter 2025 financial results on Monday, May 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 available at https://investors.
BOSTON, March 31, 2025 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced the winners of its 2025 Partner of the Year Awards. Now in its 5th year, the annual awards program recognizes both private and public sector partners for exceptional collaboration as well as their positive influence on customers' security postures. Rapid7 recently announced significant updates to its global PACT partner program, uniting and energizing partners with tailored engagement programs and specializations, an all-new Partner Training Academy, and a modernized and expanded partner portal. The new program was rolled out to Rapid7's full channel commun
BOSTON, March 24, 2025 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced that it will appoint three new members to its Board of Directors: Wael Mohamed, Mike Burns and Kevin Galligan. These appointments will expand Rapid7's Board to comprise 11 directors. In addition, Rapid7 and JANA Partners Management, LP have entered into a cooperation agreement, which, among other things, provides that JANA Partners will support all of Rapid7's director nominees at its upcoming annual shareholder meeting. Corey Thomas, Chairman and CEO of Rapid7, stated: "Rapid7 is entering an exciting new chapter of growth, and we are confident that adding
BOSTON, March 17, 2025 (GLOBE NEWSWIRE) -- Rapid7, Inc., Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced plans for expansion in India, including the opening of a new Global Capability Center (GCC) in Pune to serve as an innovation hub and Security Operations Center (SOC). In addition, the company announced a series of in-region events to engage with government, education, and talent stakeholders on Rapid7's commitment to enable customers to simplify security, take control of their attack surface, and confidently navigate a dynamic threat landscape. The GCC will open in April 2025 with a focus on expanding Rapid7's ability to provide seamless, 24x7 securi
BOSTON, Feb. 25, 2025 (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 Wolfe Research 'March Madness' Software Conference in New York, NY on Wednesday, February 26, 2025.The Raymond James 2025 Institutional Investors Conference in Orlando, FL. The presentation is scheduled for Monday, March 3, 2025 at 1:40 p.m. Eastern Time.The Morgan Stanley Technology, Media & Telecom Conference in San Francisco, CA. The presentation is scheduled for Wednesday, March 5, 2025 at 4:50 p.m. Pacific Time. The presentations from the Raymond James and Morgan Stanley conferences will
BOSTON, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Rapid7 (NASDAQ:RPD), a leader in extended risk and threat detection, today announced new innovations to its Exposure Management offering. These latest features further enhance the Rapid7 Command Platform, delivering unmatched attack surface visibility and unparalleled context. With this expanded offering, organizations now have continuous visibility into sensitive data stored across their multi-cloud environments paired with the context they need to prioritize and remediate exposures effectively. As organizations increasingly need to track who has access to sensitive data, ensure it is adequately protected, and verify compliance with evolving priv
BOSTON, March 24, 2025 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced that it will appoint three new members to its Board of Directors: Wael Mohamed, Mike Burns and Kevin Galligan. These appointments will expand Rapid7's Board to comprise 11 directors. In addition, Rapid7 and JANA Partners Management, LP have entered into a cooperation agreement, which, among other things, provides that JANA Partners will support all of Rapid7's director nominees at its upcoming annual shareholder meeting. Corey Thomas, Chairman and CEO of Rapid7, stated: "Rapid7 is entering an exciting new chapter of growth, and we are confident that adding
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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DA Davidson downgraded Rapid7 from Neutral to Underperform and set a new price target of $21.00
Stephens initiated coverage of Rapid7 with a rating of Equal-Weight and set a new price target of $33.00
Morgan Stanley resumed coverage of Rapid7 with a rating of Equal-Weight
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
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Annualized recurring revenue ("ARR") of $837 million, an increase of 4% year-over-yearTotal revenue of $210 million, up 3% year-over-year; Product subscriptions revenue of $204 million, up 4% year-over-yearGAAP operating loss of $0.1 million; Non-GAAP operating income of $32 millionNet cash provided by operating activities of $30 million; Free cash flow of $25 million BOSTON, May 12, 2025 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced its financial results for the first quarter 2025. "We had a slower start to 2025 than anticipated however we have a clear strategy and strong conviction in our long-term opportunity," said Core
BOSTON, April 15, 2025 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced that the company will release its first quarter 2025 financial results on Monday, May 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 available at https://investors.
Annualized recurring revenue ("ARR") of $840 million, an increase of 4% year-over-yearFull-year revenue of $844 million, up 9% year-over-year; Product subscriptions revenue of $809 million, up 9% year-over-yearFull-year GAAP operating income of $35 million; Full-year non-GAAP operating income of $164 millionFull-year net cash provided by operating activities of $172 million; Free cash flow of $154 million BOSTON, Feb. 12, 2025 (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 2024. "As we reflect on 2024, I'm proud of the progress we made to position Rapid7 for long
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.