Rapid7 Stock Price, News & Analysis

Rapid7 reported significant financial growth for 2021, achieving an annualized recurring revenue (ARR) of $599.0 million, a 38% year-over-year increase. Full-year revenue reached $535.4 million, up 30%, with products revenue of $500.8 million, rising 31%. The company added 1,565 customers, totaling over 10,000. Despite strong ARR and revenue growth, Rapid7 posted a GAAP net loss of $146.3 million. Looking ahead, the company projects ARR between $740 million and $750 million in Q1 2022, with revenue guidance of $682 million to $690 million for the full year.

Rapid7 (NASDAQ: RPD) is set to announce its fourth quarter and full year 2021 financial results on February 9, 2022, after market close. A conference call will follow at 4:30 p.m. ET to discuss these results and future business outlook, accessible via phone or a live webcast. Following the call, a telephone replay will be available until February 16, 2022. Rapid7 provides security solutions that help over 9,900 customers improve their security posture through analytics and automation.

Rapid7 (NASDAQ: RPD) has appointed Tim Adams as its new Chief Financial Officer, effective January 3, 2022. Adams succeeds Jeff Kalowski, who is retiring after five years in the position. Adams previously served as CFO at BitSight Technologies and brings over a decade of financial leadership experience from companies like ObsEva SA and athenahealth. The transition aims to ensure continuity and leverage Adams’ expertise to support Rapid7’s growth journey. Kalowski will assist during the transition period.

BOSTON, Nov. 10, 2021 – Rapid7 (NASDAQ: RPD), a leader in security analytics and automation, announced its participation in two upcoming virtual conferences. The company will present at the RBC Global Technology Conference on November 17, 2021, at 3:20 p.m. ET, and at the Barclays Global Technology Conference on December 8, 2021, at 10:20 a.m. ET. Both presentations will be available via live webcast, with replays accessible on Rapid7's investor relations website. Rapid7 serves over 9,900 customers by enhancing security through its Insight Platform.

Rapid7 reported a 38% year-over-year growth in annualized recurring revenue (ARR), reaching $550 million, driven by demand for security solutions and the acquisition of IntSights. Total revenue surged 33% to $139.9 million for Q3 2021, with customer numbers up 17%. However, the company posted a GAAP net loss of $37.7 million, with expectations of continued losses into Q4. Guidance for full-year revenue is between $528.7 million and $530.3 million, indicating a 28% to 29% year-over-year growth.

Rapid7 (NASDAQ: RPD) is expanding its presence by opening a new office in Tampa, Florida, initially creating over 100 jobs in the tech sector. This move aims to tap into the area's skilled workforce, including military veterans and graduates from local universities. The company emphasizes the need for top talent to support its ongoing innovation in security analytics. Rapid7 has experienced significant growth, with its global employee count doubling since 2016, and it continues to be recognized as a top employer.

Rapid7, Inc. (NASDAQ: RPD) will announce its Q3 2021 financial results on November 3, 2021, after market close. A conference call will take place at 4:30 p.m. Eastern Time to discuss the results and future outlook.

Participants can access the call via phone or live webcast on the company’s website. A replay will be available until November 10, 2021. Rapid7, a security analytics and automation leader, serves over 9,300 customers and focuses on improving security outcomes.

Rapid7 (Nasdaq: RPD) announced a notice of redemption for its $45.352 million 1.25% convertible senior notes due 2023, effective November 30, 2021. The redemption price will be 100% of the principal plus accrued interest from August 15, 2021. Holders can convert the notes into shares of common stock until November 29, 2021, at a conversion rate of 24.0460 shares per $1,000 principal. Rapid7 plans to settle conversions through cash and stock. This move aims to enhance the company’s financial position while managing debt effectively.

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.