Rapid7 Stock Price, News & Analysis

Rapid7, Inc. (NASDAQ: RPD) announced a strategic partnership with SCADAfence, enhancing cybersecurity through integrated visibility for IT and operational technology (OT) networks. The collaboration aims to help organizations assess risks and manage vulnerabilities in connected environments, crucial for smart manufacturing. Security teams will benefit from improved risk prioritization using Rapid7's InsightVM and SCADAfence’s OT visibility. This partnership seeks to address increasing cybersecurity threats associated with digitally connected Industrial Control Systems.

Rapid7 (NASDAQ: RPD) has announced that it will present at three upcoming virtual conferences. The presentations will take place at the Needham Virtual Security, Networking, and Communications Conference on November 17 at 2:15 p.m. ET, the RBC Capital Markets Global Technology, Internet, Media and Telecom Virtual Conference on November 18 at 11:35 a.m. ET, and the Barclays Global Technology, Media and Telecommunications Conference on December 9 at 9:30 a.m. ET. Live webcasts and replays will be available on their investor relations website.

Rapid7 reports robust Q3 2020 results with annualized recurring revenue (ARR) of $398.7 million, reflecting a 29% year-over-year increase. Total revenue reached $105.1 million, up 26% year-over-year, driven by a 29% growth in products revenue. Although a GAAP operating loss of $(17.9) million was reported, non-GAAP operating income was $2.4 million. The company raised its guidance for ARR and revenue for the full year, projecting an ARR between $418 million and $422 million in Q4.

On October 30, 2020, Rapid7 (NASDAQ: RPD) announced an extension of its strategic partnership with Snyk, aiming to enhance cloud native application security. The partnership integrates Rapid7's tCell and Snyk's security solutions, allowing for comprehensive vulnerability detection during the development process. This collaboration targets improving security visibility in applications as digital transformation accelerates. The combined solution enables developers to identify and prioritize security flaws effectively, supporting safer software development.

Rapid7 (NASDAQ: RPD) has launched Enhanced Endpoint Telemetry (EET) within its InsightIDR SIEM solution, expanding endpoint visibility for enhanced security. EET allows customers to investigate security incidents with broader coverage and deeper insights into endpoint activity. This new capability aims to address the challenges posed by increasing remote work and evolving threats, providing security teams with actionable data from a centralized interface. EET includes features like detailed logging of monitored endpoints and custom alert creation.

Rapid7 (NASDAQ: RPD) is set to announce its third quarter 2020 financial results on November 4, 2020, after market close. A conference call to discuss the results and future outlook will be held at 4:30 PM ET, accessible via telephone and webcast. Rapid7 specializes in security analytics and automation, serving over 9,100 customers globally. The firm aims to enhance security through its Insight cloud, facilitating better collaboration between security teams and IT departments to tackle vulnerabilities and threats.

Rapid7 (NASDAQ: RPD) has launched a new Cloud Identity and Access Management (IAM) Governance module for DivvyCloud, aiming to enhance security and reduce identity risks in cloud environments. The solution provides comprehensive visibility into cloud resources, allowing customers to assess and remediate improper permissions. Key functionalities include establishing least privilege access and understanding complex IAM combinations. This launch addresses the increasing security challenges faced by businesses today as remote work and cloud reliance grow.

Rapid7, Inc. (NASDAQ: RPD) announces the launch of its Active Response feature in its Managed Detection and Response (MDR) service, enhancing 24/7 threat detection and response. This upgrade allows the Rapid7 security operations center to contain specific users and endpoints in real-time, minimizing attack impact. With the rise of cyber threats amid an increasingly remote workforce, the service aims to alleviate analyst fatigue and improve response times. The offering is currently available for MDR Elite customers.

Rapid7, recognized as a Leader in Forrester's Q3 2020 report for Midsize Managed Security Services Providers, showcases enhanced capabilities in its managed security services portfolio. The company is praised for its recent acquisitions that improved network analysis, enabling it to compete effectively with traditional MSSPs. With a focus on expert collaboration and improved transparency in services, Rapid7 aims to strengthen clients' security postures. The report evaluates Rapid7 against 26 criteria, highlighting its strengths in current offerings, strategy, and market presence.