Rapid7, Inc. develops AI-powered managed cybersecurity operations software and services centered on the Rapid7 Command Platform. Company news commonly covers managed detection and response, exposure management, security information and event management, cloud security capabilities, threat intelligence research from Rapid7 Labs, and updates to products such as Exposure Command.
Recurring developments also include quarterly financial results, annualized recurring revenue and subscription revenue trends, investor conference participation, equity compensation grants, and completed acquisitions that extend Rapid7’s security operations technology, including the acquisition of Kenzo Security.
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.
Rapid7 (NASDAQ: RPD) has announced the release date for its fourth quarter and full year 2020 financial results, set for February 9, 2021, post-market close. A conference call to discuss these results and the business outlook will follow at 4:30 p.m. ET. Investors can access the call via telephone or through a live webcast on the company’s investor relations website. A replay of the call will be available until February 16, 2021. Rapid7 provides security analytics and automation solutions, serving over 9,300 customers globally.
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.