Rapid7 Inc is a cybersecurity company that provides innovative solutions for organizations to manage and mitigate security risks
Its platform encompasses tools for vulnerability management, application security, incident detection and response, and cloud security, enabling businesses to identify vulnerabilities in their IT environments and respond to security threats effectively. With a focus on automation and analytics, Rapid7 helps organizations enhance their security posture through continuous monitoring, threat intelligence, and collaboration, ultimately empowering them to protect their digital assets and ensure compliance with industry regulations.
Shares of cybersecurity software maker Rapid7 (NASDAQRPD)
fell 8% in the pre-market session after the company reported weak fourth-quarter 2024 results: its full-year revenue guidance fell short of Wall Street's estimates. The company expects only 2% to 3% revenue growth in 2025, signaling a sharp deceleration from the 9% growth achieved in 2024. Revenue grew modestly by 5% year on year for the quarter, driven primarily by product subscription sales, which rose by 6%. However, professional services revenue declined by 5%, weighing on overall growth. Earnings also fell below expectations as margins shrunk.
Cybersecurity software maker Rapid7 (NASDAQRPD) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 5.4% year on year to $216.3 million. On the other hand, next quarter’s revenue guidance of $208 million was less impressive, coming in 2.8% below analysts’ estimates. Its non-GAAP profit of $0.48 per share was 3.4% below analysts’ consensus estimates.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at cybersecurity stocks, starting with CrowdStrike (NASDAQCRWD).
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Zscaler (NASDAQZS) and its peers.
Over the last six months, Rapid7’s shares have sunk to $40.45, producing a disappointing 6.3% loss - a stark contrast to the S&P 500’s 7.5% gain. This might have investors contemplating their next move.
Shares of cybersecurity software maker Rapid7 (NASDAQRPD)
jumped 6.7% in the afternoon session after Reuters reported that publicly traded holding company Cannae is interested in separate talks to acquire Rapid7. The sources added that Cannae has "de-grouped" from activist investor Jana Partners, which had also been actively pursuing the acquisition of Rapid7.
Cybersecurity software maker Rapid7 (NASDAQRPD) reported Q3 CY2024 results beating Wall Street’s revenue expectations, with sales up 8% year on year to $214.7 million. The company expects next quarter’s revenue to be around $212 million, close to analysts’ estimates. Its non-GAAP profit of $0.66 per share was also 27.6% above analysts’ consensus estimates.
