Welcome to our dedicated page for Rapid7 news (Ticker: RPD), a resource for investors and traders seeking the latest updates and insights on Rapid7 stock.
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, 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.
Rapid7 reported a strong Q2 2020 with annualized recurring revenue (ARR) of $379.9 million, a 31% year-over-year increase. Revenue reached $98.9 million, showing 25% growth, with products revenue at $92.4 million, up 27%. Despite a GAAP operating loss of $(15.7) million, a non-GAAP operating income of $4.3 million reflects operational strength. The company raised its full-year guidance, anticipating ARR of $404-$420 million for Q3, and total revenue of $399-$403 million for the year.
Rapid7, a security analytics and automation provider, is set to release its Q2 2020 financial results on August 6, 2020, after market close. The company will hold a conference call at 4:30 p.m. ET on the same day to discuss its performance and outlook. Investors can access the call by phone or via webcast. Rapid7's solutions enhance security for over 9,000 customers, allowing improved collaboration between security, IT, and development teams to combat threats and automate tasks.
BOSTON, May 28, 2020 (GLOBE NEWSWIRE) -- Rapid7 (NASDAQ: RPD) announced upcoming presentations at two virtual conferences. The Stifel 2020 Virtual Cross Sector Insight Conference is set for June 9, 2020, at 8:00 a.m. ET, followed by the William Blair 40th Annual Growth Stock Conference on June 10, 2020, at 5:40 p.m. ET. Both presentations will be available for live webcast and replay on the Company’s investor relations website. Rapid7 specializes in security analytics and solutions, supporting over 9,000 customers to enhance their security operations.
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