Rapid7 Stock Price, News & Analysis

Rapid7 reported impressive financial results for Q2 2022, highlighting an annualized recurring revenue (ARR) of $658 million, marking a 35% increase year-over-year. Total revenue surged to $167 million (up 32%), with product revenue at $159 million (up 34%). Customer growth reached 14%, totaling 10,624 customers. However, the company faced a GAAP net loss of $39.6 million and a GAAP operating margin of (21%). Looking forward, Rapid7 projects third quarter ARR between $740 million and $750 million, with revenue expectations between $175 million and $177 million.

Rapid7 (NASDAQ: RPD) announced new layered context capabilities in its InsightCloudSec platform, enhancing cloud security management. This feature provides security teams with a consolidated view of risk signals, addressing issues like misconfigurations and public exposure. It simplifies risk prioritization and remediation, enabling organizations to adapt to rapid cloud adoption. Key benefits include context-driven risk assessment, real-time insights into vulnerabilities, and streamlined asset management.

Rapid7, Inc. (NASDAQ: RPD) will release its second quarter 2022 financial results on August 3, 2022, after market close. The company will host a conference call that day at 4:30 p.m. ET to discuss its results and business outlook. Investors can access the call via telephone or through the company's website. With over 10,000 customers relying on its security analytics and automation solutions, Rapid7 continues to position itself as a leader in the cybersecurity space.

BOSTON, May 25, 2022 (GLOBE NEWSWIRE) -- Rapid7 (NASDAQ: RPD), a leader in security analytics and automation, will present at two upcoming conferences. The William Blair 42nd Annual Growth Stock Conference is scheduled for June 7, 2022, at 4:00 p.m. CT in Chicago, IL. The Baird 2022 Global Consumer, Technology & Services Conference follows on June 8, 2022, at 1:25 p.m. ET in New York, NY. Both presentations will be webcasts, with replays available on Rapid7's investor relations website.

DirectDefense has appointed Jared Ballou as Vice President of Business Development, based in San Diego, CA. His primary role will focus on driving strategic partnerships to enhance the company's growth strategy, following what has been its most profitable year to date in 2021. Ballou brings over 15 years of experience, having previously held leadership positions at ObserveIT and was a founding member at Rapid7, where he significantly contributed to revenue growth. DirectDefense aims to strengthen its position as a leading provider of managed security services.

Rapid7 reported a robust first quarter of 2022 with annualized recurring revenue (ARR) reaching $627 million, marking a 38% year-over-year increase. Total revenue hit $157 million, up 34%, driven by products revenue of $149 million (+36%). Customer base grew by 16% to 10,407, boosting ARR per customer by 18%. Despite a net loss of $44.999 million, the company generated positive free cash flow. For Q2, Rapid7 expects revenue growth of 29-31%.

Rapid7, Inc. (NASDAQ: RPD) has been named a Visionary by Gartner for the second consecutive year in the 2022 Magic Quadrant for Application Security Testing. This recognition highlights Rapid7’s ability to address the complexities of modern application security, emphasizing cross-functional collaboration among security, development, and operations teams. The company integrates its application security portfolio with its broader security operations platform to enhance vulnerability remediation and risk reduction. Rapid7 continues to expand its security solutions, partnering with Checkmarx and Snyk to secure applications during development.

Rapid7 (NASDAQ: RPD) announced it will release its first quarter 2022 financial results on May 4, 2022, after market close. A conference call to discuss the results and business outlook is scheduled for the same day at 4:30 p.m. Eastern Time, accessible by phone and via webcast. The company provides security analytics and automation solutions, serving over 10,000 customers. For more details, visit their website.