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 has released its 2024 Attack Intelligence Report, highlighting significant trends in cyber threats, based on data dating back to 2019. The report reveals that more than half (53%) of mass compromise events in 2023 stemmed from zero-day vulnerabilities, a notable increase from 43% in 2022. It also notes that 36% of widely exploited vulnerabilities occurred in network perimeter technologies.
Other key points include the prevalence of simpler exploits like command injection, and that 41% of incidents observed in 2023 resulted from missing or weak multi-factor authentication. Rapid7 tracked over 5,600 ransomware incidents in 2023. The report underscores the critical need for zero-day patching and enhanced logging to combat these advanced threats.
Rapid7 (NASDAQ: RPD), a leader in extended risk and threat detection, will attend two upcoming investor conferences. The J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference in Boston, MA, is scheduled for May 21, 2024, at 3:45 p.m. Eastern Time. Additionally, Rapid7 will participate in the 2nd Annual UBS Women in Tech Summit in San Francisco, CA, on June 11, 2024. The company's presentation from the J.P. Morgan conference will be webcast live, with a replay available on Rapid7's investor relations website.
Rapid7, Inc. (NASDAQ: RPD) has introduced new patented ransomware prevention technology to provide end-to-end coverage and accelerate detection and response time. The company's approach disrupts attacks at the earliest stage, addressing the increasing threat of ransomware attacks. The technology is integrated into Rapid7 Managed Threat Complete, offering a multi-layered defense to stop threats before they escalate. By combining prevention with existing threat detection capabilities, Rapid7 aims to enhance customer safety and efficiency in SOC environments.
Rapid7, Inc. (Nasdaq: RPD) announced its first quarter 2024 financial results, revealing an ARR of $807 million, up 11% YoY, with total revenue reaching $205 million, a 12% increase. GAAP operating income was $11 million, while non-GAAP operating income stood at $40 million. The company reported positive net cash flow and free cash flow figures. The CEO highlighted challenges in shifting VM base to Cloud Risk Complete but remains optimistic about long-term growth. Although total ARR fell below expectations, profitability metrics were strong. Rapid7 provided guidance for the second quarter and full-year 2024, with expectations of revenue growth, non-GAAP income, net income per share, and free cash flow.
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