Rapid7 Stock Price, News & Analysis

BOSTON, April 12, 2023 – Rapid7 (NASDAQ: RPD) will announce its first quarter 2023 financial results on May 9, 2023, after market close. A conference call to discuss the results will occur on the same day at 4:30 p.m. ET, accessible via phone or live webcast on Rapid7's investor website. The call will allow investors to gain insights into the company's financial performance and future business outlook.

Rapid7 focuses on simplifying cybersecurity for over 10,000 customers worldwide, integrating cloud risk management and threat detection solutions to enhance security and reduce attack surfaces.

Rapid7, Inc. (NASDAQ: RPD) announced the acquisition of Minerva Labs, Ltd. for approximately $38 million in cash and stock. This acquisition enhances Rapid7's managed threat detection and orchestration capabilities across cloud and endpoint environments. The integration is expected to bolster advanced ransomware prevention and improve alignment with customers’ security investments. Minerva’s technology offers multi-layer ransomware prevention, enhancing overall threat detection. Financially, the acquisition is not projected to materially impact Rapid7's Annualized Recurring Revenue growth or income for 2023.

Rapid7 (NASDAQ: RPD) released its 2022 Vulnerability Intelligence Report, revealing a significant trend in cybersecurity vulnerabilities. The report identifies an 87% increase in the rate of first-week exploitation of security vulnerabilities since 2020. Notably, 56% of vulnerabilities were exploited within one week of public disclosure in 2022, with a median exploitation time of just one day. In contrast, the report noted a 33% decrease in vulnerabilities exploited for ransomware attacks. This report aims to equip organizations with insights to better manage risks and strengthen their security measures.

Rapid7 (NASDAQ: RPD), a leader in cloud risk and threat detection, announced its participation at the Raymond James 44th Annual Institutional Investors Conference in Orlando, FL. The presentation is scheduled for March 7, 2023, at 3:25 p.m. Eastern Time. Investors can access the live webcast and later replay on the company's investor relations website.

With over 10,000 global customers, Rapid7 aims to simplify cybersecurity, reducing attack surfaces while enhancing threat detection capabilities. For more information, visit their website.

Rapid7, Inc. (NASDAQ: RPD) is investing $1.5 million through the Rapid7 Cybersecurity Foundation to create a cyber threat intelligence laboratory at the University of South Florida (USF). This initiative aims to foster interdisciplinary research and provide students with hands-on cybersecurity training. The lab will support diverse talent development in cybersecurity and will involve various academic disciplines. The collaboration aligns with the growing need for skilled cybersecurity professionals, addressing a global skills shortage. USF's President expressed gratitude for the partnership, emphasizing its importance for student preparedness in a high-demand field.

Rapid7, a leader in cloud risk and threat detection, reported impressive financial results for the year ending December 31, 2022. The Annualized Recurring Revenue (ARR) reached $714 million, a 19% increase year-over-year. Total revenue for the full year was $685 million, up 28% from the previous year. The company generated $78 million in operating cash flow and free cash flow of $41 million. ARR per customer rose by 12%. For 2023, Rapid7 expects ARR to be between $815 million and $825 million, with revenue projected at $771 million to $778 million.

Rapid7 (RPD) will release its Q4 and full year 2022 financial results on February 8, 2023, post-market close. A conference call will occur the same day at 4:30 p.m. ET, accessible via phone or webcast. This is an important update for investors as it will cover business outlook and recent performance, highlighting Rapid7's initiatives in cloud risk management and threat detection for over 10,000 global customers.

For further details, visit Rapid7's investor page.