Rapid7 Stock Price, News & Analysis

Rapid7 (NASDAQ: RPD) has launched its new PACT Partner Program to strengthen its global channel ecosystem. The program aims to provide partners with enhanced tools, training, and resources to address customers' security needs in an increasingly complex threat landscape.

The program introduces three key elements: a modernized Partner Portal offering real-time collaboration and self-service features; tailored engagement programs including new MSSP and Service Delivery specializations; and an all-new Partner Training Academy providing competency-based courses and certifications.

The PACT Program features new tiers and classifications designed to unite all partner types under a single program, with clear performance expectations and rewards for success. The initiative aims to support partners' business objectives while helping customers manage their attack surface effectively.

Rapid7 (NASDAQ: RPD) has achieved the In Process Designation from the Federal Risk and Authorization Management Program (FedRAMP®) for its InsightGovCloud Platform. This designation signifies that Rapid7 is actively working towards authorization, making it eligible to provide cloud services to federal agencies.

The InsightGovCloud Platform offers government agencies tools for attack surface assessment, threat detection, and automated response. The initial FedRAMP in-boundary offerings include vulnerability management, CNAPP, and SOAR solutions.

This milestone strengthens Rapid7's position in the public sector, where there is growing demand for cloud security solutions that enhance security, ensure compliance, and consolidate point solutions while improving efficiency and reducing costs. The company currently holds several industry certifications including SOC2 Type 2, ISO 27001, TX-RAMP, IRAP, EU-U.S. Data Privacy Framework, and CE+.

Rapid7 (NASDAQ: RPD) has announced it will release its fourth quarter and full year 2024 financial results on Wednesday, February 12, 2025, after market close. The company will host a conference call at 4:30 p.m. Eastern Time to discuss results and business outlook. Investors can access the call via telephone at +1 888-330-2384 (toll-free) or +1 240-789-2701 using event code 8484206. A live webcast and replay will be available on the company's investor relations website.

Rapid7 (NASDAQ: RPD) has expanded its Managed Extended Detection and Response (MXDR) service to include enhanced support for Amazon Web Services (AWS) environments. The enhancement combines cloud native telemetry, AWS security telemetry, and enhanced detections in the Rapid7 Command Platform. The service provides 24/7 coverage with tailored threat detection and response across AWS environments, serving the over two million companies using AWS cloud computing services. Key features include enhanced threat detection with contextualized alerts, proactive threat hunting, cloud identity monitoring, and AI-assisted context for faster incident response. The service also integrates with other major cloud providers like Azure and Google Cloud.

Rapid7 has expanded its Exposure Command solution to support AWS Resource Control Policies (RCPs) as a launch partner. This enhancement provides centralized visibility and control over access permissions across hybrid environments. The integration combines RCP support with existing AWS Service Control Policies (SCPs) to help organizations implement zero-trust approaches and manage cloud permissions more effectively.

The expanded solution offers centralized RCP monitoring, enhanced identity controls, and proactive best practice recommendations. Key features include automated scanning, real-time threat alerts, and comprehensive protection for AWS resources, enabling organizations to reduce identity-based risk and enforce least-privilege access policies.

Rapid7 (NASDAQ: RPD) has expanded its Managed Extended Detection and Response (MXDR) service to include coverage for Microsoft security tools. The enhanced service integrates Microsoft telemetry into Rapid7's Command Platform, enabling broader threat detection and response capabilities through Rapid7's security operations center (SOC). The integration covers Microsoft 365, Defender for Cloud, Defender for Endpoint, and Entra Identity Protection, providing comprehensive threat visibility, accelerated response times, and enhanced customization options. This expansion addresses the growing need for integrated SOC services across Microsoft's security ecosystem, which holds over 25% of endpoint security market share according to IDC.

Rapid7 (NASDAQ: RPD) has been awarded 'Security Vendor of the Year' at the CRN Channel Awards 2024, one of the UK IT Channel's most prestigious recognitions. The award acknowledges Rapid7's contributions to business development within the channel, including security product offerings, innovation, and support services.

The company's success stems from its focus on partner empowerment through expanded solutions, virtual training, certification programs, and interactive analytics. Key partnerships with companies like Saepio Solutions and Longwall Security demonstrate Rapid7's commitment to customer-centric solutions and collaborative growth in cybersecurity services.

Rapid7 (NASDAQ: RPD) has announced its participation in two upcoming investor conferences. The company will present at the 2024 RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference in New York on November 19, 2024, at 9:20 a.m. Eastern Time. Additionally, Rapid7 will attend the Nasdaq 50th Investor Conference in London on December 10-11, 2024. The RBC conference presentation will be available via live webcast and replay on the company's investor relations website at investors.rapid7.com under the 'Events and Presentations' section.

Rapid7 (RPD) reported strong Q3 2024 financial results with total revenue reaching $215 million, up 8% year-over-year. The company achieved $823 million in annualized recurring revenue (ARR), a 6% increase year-over-year. Notable improvements include GAAP operating income of $14 million and non-GAAP operating income of $44 million. The company demonstrated solid cash generation with $44 million in operating cash flow and $39 million in free cash flow. Product subscriptions revenue grew 8% to $206 million, while maintaining a strong customer base of 11,619, up 2% year-over-year.