Rapid7 Stock Price, News & Analysis

Rapid7, a leader in security analytics and automation, announced its participation at the KeyBanc Virtual 22nd Annual Technology Leadership Forum. The presentation will take place on August 12, 2021, at 1:20 PM Eastern Time. Attendees can access the live webcast and a replay afterward on the investor relations section of Rapid7's website. With over 9,300 clients, Rapid7 focuses on simplifying security through advanced visibility and automation, enabling organizations to effectively manage vulnerabilities and respond to threats.

Rapid7, a leading security analytics firm, reported a strong Q2 2021 with annualized recurring revenue (ARR) reaching $488.9 million, a 29% increase year-over-year. Total revenue was $126.4 million, up 28%, driven by product revenue growth of 29%. Customer count grew by 13%, with ARR per customer increasing 14%. Rapid7 has acquired IntSights for enhanced threat intelligence and launched InsightCloudSec, expanding its security platform capabilities. However, the company is experiencing a GAAP net loss of $34.2 million.

Code42 has integrated its Incydr product with Rapid7's InsightIDR, enabling security teams to detect and respond to insider threats more effectively. This integration enhances the ability to identify critical events such as data leakage and theft while reducing false positives. The collaboration aims to streamline investigations, saving analysts time and improving compliance monitoring. With 69% of security leaders having experienced breaches despite using data loss prevention (DLP) tools, this partnership addresses the need for improved insider threat management in today’s hybrid work environment.

Rapid7, Inc. (NASDAQ: RPD) has acquired IntSights Cyber Intelligence Ltd. for approximately $335 million in cash and stock. This strategic acquisition aims to enhance Rapid7's cloud-native extended detection and response (XDR) capabilities, providing improved external threat detection and automated remediation. The integration is expected to yield high-quality alerts and quicker response times. Rapid7 anticipates its annualized recurring revenue (ARR) for Q2 2021 to reach around $489 million, reflecting a 29% year-over-year growth.

Rapid7 (NASDAQ: RPD) announced it will release its second quarter 2021 financial results on August 4, 2021, after market close. A conference call to discuss the results and business outlook will be held at 4:30 p.m. ET that same day. The call can be accessed by phone or via live webcast on the company's investor relations website. A replay will also be available for a limited time. Rapid7 leverages analytics and automation to enhance security for over 8,900 customers.

Rapid7 (NASDAQ: RPD) has launched InsightCloudSec, a Cloud-Native Security Platform (CNSP) that integrates key security features like cloud security posture management and Kubernetes protection. This platform responds to the growing demand for comprehensive cloud security as organizations increasingly migrate to cloud solutions, with over 45% of IT spending projected to shift by 2024, according to Gartner. InsightCloudSec aims to streamline security operations, enhance compliance, and automate workflows, ultimately allowing security teams to focus on critical tasks in complex environments.

Rapid7 (NASDAQ: RPD) has been recognized as a Leader in the Gartner 2021 Magic Quadrant for Security Information and Event Management (SIEM) for the second consecutive year. This accolade highlights the effectiveness of their InsightIDR solution, which aids organizations in managing evolving security challenges amidst growing attack surfaces and limited resources. InsightIDR offers capabilities such as simplified SecOps, enhanced visibility across IT environments, actionable alerts, and accelerated incident response to empower security teams. The recognition reinforces Rapid7's commitment to delivering innovative security solutions.

BOSTON, June 01, 2021 – Rapid7 (NASDAQ: RPD) announced its participation in two upcoming virtual conferences. The company will present at the William Blair 41st Annual Growth Stock Conference on June 2, 2021, at 1:40 p.m. ET, followed by the Stifel 2021 Virtual Cross Sector Insight Conference on June 9, 2021, at 2:00 p.m. ET. Live webcasts will be available, with replays on the company’s investor relations website. Rapid7, a leader in security analytics and automation, serves over 8,900 customers, enhancing security outcomes through its Insight cloud.

Rapid7 (NASDAQ: RPD) has been recognized as a Visionary by Gartner in its 2021 Magic Quadrant for Application Security Testing. The company was acknowledged for its completeness of vision and execution capabilities amidst increasing complexities in application environments. Rapid7’s portfolio, which includes tools like tCell RASP and InsightAppSec, aims to deliver enhanced security insights throughout the software delivery lifecycle. The recognition underscores the growing demand for robust application security solutions as businesses adapt to modern development practices.