Rapid7 Stock Price, News & Analysis

Rapid7 (NASDAQ: RPD) announced the acquisition of Velociraptor, enhancing its digital forensics and incident response capabilities. Velociraptor is known for its open-source technology used in endpoint monitoring and forensics. The acquisition aims to foster Velociraptor's community-driven approach, allowing custom queries for threat detection and knowledge sharing among professionals. Despite the strategic significance, the acquisition is not expected to materially impact Rapid7's financial results for 2021.

Rapid7, Inc. (NASDAQ: RPD) announced the release of its first quarter 2021 financial results on May 6, 2021, after market close. A conference call will follow at 4:30 p.m. ET to discuss these results and the company’s business outlook. Investors can join the call via telephone or listen to a live webcast on the Rapid7 website. A replay will be available for a limited time after the call, ensuring access to critical financial information.

Rapid7 (NASDAQ: RPD) has been recognized as a Strong Performer in Forrester Research's The Forrester Wave™: Managed Detection and Response Providers, Q1 2021. Among 15 evaluated service providers, Rapid7's offering was assessed based on 19 criteria, highlighting its commitment to addressing the growing demands of security in an increasingly complex digital environment. With organizations facing budget constraints for internal security resources, Rapid7's Managed Detection and Response (MDR) services help clients enhance their security posture and effectively manage threats.

Rapid7 announced the pricing of $525 million in 0.25% convertible senior notes due 2027, up from a previous offering of $500 million. The notes will convert into cash, shares, or a mix, with an initial conversion price of about $103.38 per share—a 30% premium. With net proceeds estimated at $511.8 million, Rapid7 plans to repurchase approximately $182.6 million of its 1.25% Convertible Senior Notes due 2023. The remaining funds will support corporate purposes and potential acquisitions. The sale is set to close on March 19, 2021, pending customary conditions.

Rapid7 (Nasdaq: RPD) announced plans to offer $500 million of convertible senior notes due 2027 in a private placement. There is an option for initial purchasers to buy up to $75 million more. The notes will be unsecured and convertible into cash, shares, or a combination. Proceeds will be used to repurchase some existing convertible notes and for general corporate purposes, including acquisitions and strategic investments. The offering is subject to market conditions, and the terms will be finalized at pricing.

Rapid7 (NASDAQ: RPD), a leader in security analytics and automation, will host a Virtual Investor Day on March 10, 2021, at 1:00 p.m. Eastern Time. The executive team will present the company’s vision, strategy, key initiatives, and financial goals. Investors can access the live webcast via the Investor Relations website, where a replay will also be available post-event.

For further information, investors may contact Investor Relations via email.

BOSTON, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Rapid7 (NASDAQ: RPD) announces its participation in the Goldman Sachs Technology and Internet Conference 2021, scheduled for February 11, 2021, at 3:40 p.m. Eastern Time. The presentation will be accessible via a live webcast, and replays will be available on its investor relations website. Rapid7 provides security analytics and automation solutions to over 9,700 customers, enabling effective collaboration between security teams and IT to address vulnerabilities and enhance security.

Rapid7 (NASDAQ: RPD) reported a strong financial performance for 2020, with full-year revenue reaching $411.5 million, a 26% increase year-over-year. The annualized recurring revenue (ARR) grew to $432.9 million, marking a 28% increase. Notably, products revenue hit $382.9 million, up 29% year-over-year. The company experienced a GAAP operating loss of $(74.1) million, while non-GAAP operating income stood at $2.0 million.

Looking ahead, Rapid7 predicts 2021 revenue between $488.0 million and $496.0 million, indicating continued growth.

Rapid7 has announced the acquisition of Alcide.IO for approximately $50 million, enhancing its cloud security offerings. This purchase, the second in nine months, aims to bolster Rapid7's capabilities in Kubernetes security and provide a unified customer experience in cloud-native application security management. Alcide's technology integrates security into DevOps processes, ensuring seamless deployment and protection of cloud environments. The acquisition is expected to have no significant financial impact on Rapid7 for 2021.