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.
About Rapid7
Rapid7 (NASDAQ: RPD) is a cybersecurity company dedicated to making the digital world safer by simplifying complex security challenges. The company employs advanced vulnerability management and threat detection technologies as core components of its comprehensive security portfolio. Serving a wide spectrum of organizations globally, Rapid7 provides visibility, analytics, and automation through its Insight Cloud platform, which helps security professionals reduce vulnerabilities, monitor for malicious behavior, investigate potential breaches, and automate critical security operations.
Core Business Areas
Rapid7 excels in multiple cybersecurity segments including:
- Vulnerability Management: Offering detailed insights into system weaknesses and automated tools for remediation, the company empowers security teams with the capabilities to effectively manage risk.
- Extended Detection and Response (XDR): Its advanced detection services integrate diverse data sources to offer rapid identification, analysis, and resolution of potential threats.
- Security Analytics and Threat Intelligence: Through extensive research and continuous monitoring, Rapid7 delivers insights that help organizations understand and counteract cyber threats in real time.
- Cloud Security: By addressing the dynamic and expansive nature of modern attack surfaces, particularly in cloud environments, Rapid7’s solutions integrate cloud-native telemetry with traditional security practices.
- Security Orchestration, Automation, and Response (SOAR): Simplifying the complex process of threat management, these services cut down on response times and increase operational efficiency for security teams.
Market Position and Industry Impact
Positioned at the nexus of technology and proactive defense, Rapid7 is recognized for its in-depth research and reliable security solutions that meet the evolving demands of the cybersecurity landscape. By uniting cloud risk management with threat detection and response, the company differentiates itself in a market characterized by constant change, enabling organizations to maintain robust defenses across multiple platforms. Its comprehensive security approach, backed by extensive data analytics and a research-driven methodology, sets Rapid7 apart as an essential player for businesses needing to secure a modern digital infrastructure.
Technology and Services
Rapid7 integrates a layer of advanced analytics with hands-on threat research to simplify the complexity of cybersecurity operations. The Insight Cloud platform provides a holistic view of an organization’s security posture, combining data from on-premise systems and cloud infrastructures. This integration enhances the capabilities of security teams to monitor networks, detect anomalous patterns, investigate potential breaches, and swiftly re-establish secure environments. Combined with subscription-based managed security services, Rapid7’s offerings are designed to streamline protection protocols across diverse attack surfaces.
Expertise and Trustworthiness
Rapid7’s value proposition is underscored by its commitment to research and data-driven insights. By continuously analyzing an extensive range of vulnerability and exploit data, the firm publishes detailed intelligence reports that not only serve as an industry benchmark but also provide actionable information for security professionals. This robust research culture enhances trust and positions Rapid7 as an authoritative voice in cybersecurity. The company leverages its technology to manage risks across various platforms, ensuring that organizations benefit from a proactive rather than a reactive approach to cyber threats.
Understanding Rapid7 in the Competitive Landscape
Within the cybersecurity industry, Rapid7 competes in a space filled with technological innovations and evolving threat dynamics. Its competitive differentiation lies in its comprehensive suite of services, spanning from identifying and managing vulnerabilities to performing extended threat detection and analytical research. This wide-ranging expertise allows Rapid7 to cater to the needs of complex enterprises and smaller organizations alike. The clarity and precision of its threat intelligence, combined with streamlined automated responses, provide significant operational advantages compared to traditional security management approaches.
Operational Models and Revenue Generation
Rapid7 harnesses a business model that focuses on integration, automation, and subscription-based services. The firm’s diverse array of products and services provides multiple avenues for revenue generation, emphasizing long-term customer relationships through ongoing subscription and managed service contracts. By addressing the multi-faceted nature of cyber threats with scalable and continuously monitored solutions, Rapid7 ensures that its offerings remain relevant to organizations across different sectors, thereby solidifying its presence in the global cybersecurity market.
Rapid7 (Nasdaq: RPD) announced plans to offer $500 million of convertible senior notes due 2027 in a private placement. There is an option for initial purchasers to buy up to $75 million more. The notes will be unsecured and convertible into cash, shares, or a combination. Proceeds will be used to repurchase some existing convertible notes and for general corporate purposes, including acquisitions and strategic investments. The offering is subject to market conditions, and the terms will be finalized at pricing.
Rapid7 (NASDAQ: RPD), a leader in security analytics and automation, will host a Virtual Investor Day on March 10, 2021, at 1:00 p.m. Eastern Time. The executive team will present the company’s vision, strategy, key initiatives, and financial goals. Investors can access the live webcast via the Investor Relations website, where a replay will also be available post-event.
For further information, investors may contact Investor Relations via email.
BOSTON, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Rapid7 (NASDAQ: RPD) announces its participation in the Goldman Sachs Technology and Internet Conference 2021, scheduled for February 11, 2021, at 3:40 p.m. Eastern Time. The presentation will be accessible via a live webcast, and replays will be available on its investor relations website. Rapid7 provides security analytics and automation solutions to over 9,700 customers, enabling effective collaboration between security teams and IT to address vulnerabilities and enhance security.
Rapid7 (NASDAQ: RPD) reported a strong financial performance for 2020, with full-year revenue reaching $411.5 million, a 26% increase year-over-year. The annualized recurring revenue (ARR) grew to $432.9 million, marking a 28% increase. Notably, products revenue hit $382.9 million, up 29% year-over-year. The company experienced a GAAP operating loss of $(74.1) million, while non-GAAP operating income stood at $2.0 million.
Looking ahead, Rapid7 predicts 2021 revenue between $488.0 million and $496.0 million, indicating continued growth.
Rapid7 has announced the acquisition of Alcide.IO for approximately $50 million, enhancing its cloud security offerings. This purchase, the second in nine months, aims to bolster Rapid7's capabilities in Kubernetes security and provide a unified customer experience in cloud-native application security management. Alcide's technology integrates security into DevOps processes, ensuring seamless deployment and protection of cloud environments. The acquisition is expected to have no significant financial impact on Rapid7 for 2021.
Rapid7 (NASDAQ: RPD) has announced the release date for its fourth quarter and full year 2020 financial results, set for February 9, 2021, post-market close. A conference call to discuss these results and the business outlook will follow at 4:30 p.m. ET. Investors can access the call via telephone or through a live webcast on the company’s investor relations website. A replay of the call will be available until February 16, 2021. Rapid7 provides security analytics and automation solutions, serving over 9,300 customers globally.
Rapid7, Inc. (NASDAQ: RPD) announced a strategic partnership with SCADAfence, enhancing cybersecurity through integrated visibility for IT and operational technology (OT) networks. The collaboration aims to help organizations assess risks and manage vulnerabilities in connected environments, crucial for smart manufacturing. Security teams will benefit from improved risk prioritization using Rapid7's InsightVM and SCADAfence’s OT visibility. This partnership seeks to address increasing cybersecurity threats associated with digitally connected Industrial Control Systems.
Rapid7 (NASDAQ: RPD) has announced that it will present at three upcoming virtual conferences. The presentations will take place at the Needham Virtual Security, Networking, and Communications Conference on November 17 at 2:15 p.m. ET, the RBC Capital Markets Global Technology, Internet, Media and Telecom Virtual Conference on November 18 at 11:35 a.m. ET, and the Barclays Global Technology, Media and Telecommunications Conference on December 9 at 9:30 a.m. ET. Live webcasts and replays will be available on their investor relations website.
Rapid7 reports robust Q3 2020 results with annualized recurring revenue (ARR) of $398.7 million, reflecting a 29% year-over-year increase. Total revenue reached $105.1 million, up 26% year-over-year, driven by a 29% growth in products revenue. Although a GAAP operating loss of $(17.9) million was reported, non-GAAP operating income was $2.4 million. The company raised its guidance for ARR and revenue for the full year, projecting an ARR between $418 million and $422 million in Q4.
On October 30, 2020, Rapid7 (NASDAQ: RPD) announced an extension of its strategic partnership with Snyk, aiming to enhance cloud native application security. The partnership integrates Rapid7's tCell and Snyk's security solutions, allowing for comprehensive vulnerability detection during the development process. This collaboration targets improving security visibility in applications as digital transformation accelerates. The combined solution enables developers to identify and prioritize security flaws effectively, supporting safer software development.
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