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. (NASDAQ: RPD) generates frequent news as a cybersecurity company focused on threat detection and exposure management. Company announcements highlight product innovations, partnerships, financial results, and research insights that reflect Rapid7’s role in helping organizations manage modern attack surfaces across cloud and hybrid environments.
News coverage often features updates to the Rapid7 Command Platform, including AI-generated risk intelligence in Remediation Hub and vulnerability intelligence in Intelligence Hub. These stories describe how Rapid7 uses AI-driven context and curated threat data to help security teams prioritize remediation and connect exposure management with detection and response.
Rapid7’s news flow also includes partnership announcements. Examples include collaborations to add cloud runtime security capabilities to the Rapid7 Command Platform, a strategic partnership with HITRUST to automate cybersecurity assurance against the HITRUST framework, and an expanded partnership with Microsoft to provide a managed detection and response solution integrated with Microsoft Defender. Other releases describe offerings such as Curated Intelligence Rules for AWS Network Firewall, which bring curated threat intelligence directly into AWS environments.
Investors and analysts following RPD can find earnings releases and related financial updates, where Rapid7 reports metrics such as annualized recurring revenue, revenue composition, and non-GAAP measures, along with commentary on its Command Platform and market positioning. Additional items include announcements about conference participation, regional expansions such as the establishment of a local entity and platform instance in the United Arab Emirates, and research-based outlooks on cybersecurity trends and threat landscapes.
This news page aggregates these company-specific developments, providing a central view of Rapid7’s product evolution, strategic relationships, financial disclosures, and thought leadership for those tracking the RPD stock and its cybersecurity activities.
Rapid7 (NASDAQ: RPD) has unveiled Vector Command, a fully-managed offensive security service that combines the company's Command Platform with continuous Red Teaming services. This new offering aims to help organizations identify and validate IT security posture weaknesses from an attacker's perspective.
Vector Command provides continuous discovery, assessment, and validation of an organization's external attack surface, going beyond vulnerabilities to confirm the effectiveness of overall IT security posture and controls. Key benefits include increased visibility of the external attack surface, improved risk prioritization through expert-led Red Team operations, and same-day reporting of successful exploits with clearly visualized attack paths.
Rapid7, Inc. (NASDAQ: RPD) has been named a Leader in the IDC MarketScape: Worldwide SIEM for SMB 2024 report. The company's InsightIDR solution was recognized for its asset-based pricing, ease of implementation, and up-to-date threat intelligence. InsightIDR is a cloud-native, SaaS-based solution that can be deployed in as little as one day, offering unified data analysis and actionable insights for security teams. The IDC MarketScape evaluation considered factors such as functionality, pricing model, customer satisfaction, and strategic plans. Rapid7's recognition highlights its strong customer satisfaction and strategy for continued product momentum.
Rapid7 (Nasdaq: RPD) announced its Q2 2024 financial results, showing solid growth. Annualized recurring revenue (ARR) reached $816 million, up 9% year-over-year. Total revenue increased 9% to $208 million, with product subscriptions revenue up 10% to $200 million. The company reported GAAP operating income of $7 million and non-GAAP operating income of $39 million.
Rapid7 also highlighted recent achievements, including the acquisition of Noetic Cyber and the incorporation of large-language models into its AI Engine. The company provided guidance for Q3 and full-year 2024, projecting continued growth in ARR and revenue.
Rapid7 (NASDAQ: RPD) has released its Ransomware Radar Report, analyzing over 70 active ransomware groups, including 21 new ones in 2024. The report reveals that ransomware groups are refining their techniques, operating like legitimate enterprises with marketing strategies and bug bounty programs. Key findings include:
1. A 23% increase in leak site posts, totaling 2,611 in H1 2024.
2. Smaller organizations with ~$5 million annual revenue are targeted more frequently.
3. Three major clusters of ransomware families with similar source code were identified.
4. The number of groups posting to leak sites increased from 24 per month in H1 2023 to 40 per month in H1 2024.
This research aims to inform cybersecurity strategies and improve ransomware prevention, detection, and response technologies.
Rapid7 (NASDAQ: RPD) has launched the Command Platform, a unified threat exposure, detection, and response platform. The AI-powered platform integrates critical security data to provide a comprehensive view of vulnerabilities and threats from endpoint to cloud. Two key solutions introduced are:
1. Exposure Command: Helps detect and prioritize exposures across the attack surface.
2. Surface Command: Discovers and provides visibility into assets across internal and external attack surfaces.
The platform aims to help organizations take command of their attack surface, offering greater visibility and trust in security operations. It integrates native cloud and on-prem assessment with data from various IT, security, and business tools to enable efficient risk management.
Commercetools announced the appointment of Andrew Burton as its new CEO, effective July 8, 2024. Burton succeeds co-founder Dirk Hoerig, who will transition to Chief Innovation Officer. Burton brings over 25 years of experience, having significantly grown Rapid7's ARR from ~$150M to over $800M. Hoerig will now focus on product innovation and customer relationships.
Recent milestones for commercetools include being named a Leader in the IDC MarketScape report, launching a HIPAA-compliant solution, and introducing commercetools Foundry. The company saw +65% ARR growth in the Americas and a +45% YoY increase in GMV to over $30 billion in 2023. Burton is the third significant hire in the last 18 months, aiming to drive further growth and innovation.
Rapid7 (NASDAQ: RPD) will announce its second quarter 2024 financial results on August 6, 2024, after market close. The company, recognized for its expertise in extended risk and threat detection, will host a conference call at 4:30 p.m. ET on the same day to discuss the results and provide a business outlook. Interested parties can access the call via telephone or a live webcast, with details available on the company’s investor relations website.
Rapid7 (Nasdaq: RPD) has promoted three experienced sales leaders to General Manager positions in a new regional model aimed at enhancing customer engagement and driving sales efficiency. David Boffa will manage the Americas, David Howorth will lead EMEA, and Rob Dooley will be responsible for APAC. Each will oversee customer retention, expansion, and acquisition in their regions, reporting directly to CEO Corey Thomas. Additionally, Chief Customer Officer Larry D’Angelo will step down on July 12, 2024, and his role will not be replaced. Rapid7 anticipates second quarter 2024 Annualized Recurring Revenue (ARR) of $814 - $816 million, reflecting an 8-9% year-over-year increase, in line with expectations. Full results will be announced on August 6, 2024.
Rapid7, a leader in risk and threat detection, announced plans to acquire Noetic Cyber, a company specializing in Cyber Asset Attack Surface Management (CAASM). The acquisition aims to enhance Rapid7's security operations platform by providing better visibility of both internal and external assets, thus improving risk anticipation and management.
This strategic move is expected to aid security teams by offering a more comprehensive and searchable risk context, enhancing asset inventory management, and automating remediation. The transaction is anticipated to close in Rapid7's fiscal third quarter and will not significantly impact the company's 2024 Annualized Recurring Revenue (ARR).
8x8 (NASDAQ: EGHT), a leading provider of cloud contact center and unified communications platforms, has appointed Andrew Burton to its board of directors, effective June 17, 2024. Burton, currently President and COO at Rapid7 (NASDAQ: RPD), brings extensive experience in SaaS and technology, having led global teams in high-growth environments. His leadership spans go-to-market strategies, engineering, and operations. 8x8's CEO, Samuel Wilson, expressed enthusiasm for Burton's appointment, highlighting his expertise in innovative technology and product development. Following this appointment, 8x8's board now comprises seven members.