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Rapid7, Inc. (NASDAQ: RPD) is a prominent cybersecurity company dedicated to creating a safer digital world by simplifying cybersecurity for organizations. Founded in 2000 and headquartered in Boston, Rapid7 has grown to become a global leader in providing comprehensive security solutions.
With a focus on vulnerability management, extended detection and response (XDR), security information and event management (SIEM), cloud security, threat intelligence, and security orchestration, automation, and response (SOAR), Rapid7 empowers over 11,000 customers worldwide. These solutions help security teams reduce vulnerabilities, detect and respond to threats, and automate routine tasks, ensuring robust protection against cyberattacks.
Rapid7 recently announced the opening of a new office in Prague, Czech Republic, which will serve as a hub for technical talent and innovation. This new location will also house a Security Operations Center (SOC) to enhance the company's 24x7 Managed Detection and Response (MDR) services. The Prague office aims to create over 100 jobs by mid-2024, focusing on areas like data engineering, software development, and IT.
Continuing its trend of innovation, Rapid7 introduced an AI-powered cloud anomaly detection solution. This offering improves the speed and accuracy of threat detection in cloud environments, reducing false positives and enabling rapid response to actual threats. This solution is currently available for select customers and integrates seamlessly with Rapid7's existing platform.
Rapid7's Managed Digital Risk Protection (DRP) service further extends its security offerings by monitoring external threats on the clear, deep, and dark web. This service, combined with MDR, provides comprehensive coverage of both internal and external attack surfaces, significantly enhancing threat detection and response capabilities.
The company has received industry recognition for its InsightIDR solution, which was named the Best SIEM Solution at the SC Awards Europe 2024. InsightIDR stands out for its ability to streamline detection and response through precise alerting, detailed investigations, and actionable automation.
Rapid7’s commitment to research is highlighted by its annual Attack Intelligence Report, which provides valuable insights into modern cyber threats. The 2024 report emphasized the increasing threat of zero-day vulnerabilities and the importance of timely patching and mitigation strategies.
Overall, Rapid7 continues to expand its global footprint, invest in innovation, and deliver top-tier cybersecurity solutions, making it a vital player in the fight against cyber threats.
Rapid7 (NASDAQ: RPD) will announce its third quarter 2022 financial results on November 2, 2022, after market close. A conference call scheduled for the same day at 4:30 p.m. ET will discuss the results and business outlook. Interested parties can access the call via telephone or livestream it on the company's website. Rapid7 provides security analytics and automation solutions, serving over 10,000 customers globally. The company is committed to improving security outcomes and facilitating collaboration among security, IT, and development teams.
BOSTON, Sept. 22, 2022 – The Boston Bruins have partnered with Rapid7, marking a historic first as the official jersey patch partner and cybersecurity partner. This multi-year agreement begins with the 2022-23 NHL season. Rapid7 will display its logo on the Bruins' jerseys and sponsor the ‘Rapid7 Rafters’ seating area at TD Garden. Both organizations aim to enhance community initiatives and promote cybersecurity awareness. The jersey patches become available for purchase on October 15, 2022, with the partnership focusing on social good and support for underrepresented communities.
BOSTON, Aug. 23, 2022 – Rapid7 (NASDAQ: RPD) announced management will present at the Piper Sandler Growth Frontiers Conference in Nashville, TN. The presentation is scheduled for Tuesday, September 13, 2022, at 10:30 a.m. Central Time. A live webcast of the presentation will be available, with a replay accessible for a limited time on the investor relations website.
Rapid7 enhances security through visibility, analytics, and automation, empowering over 10,000 customers to improve their security outcomes.
Rapid7 reported impressive financial results for Q2 2022, highlighting an annualized recurring revenue (ARR) of $658 million, marking a 35% increase year-over-year. Total revenue surged to $167 million (up 32%), with product revenue at $159 million (up 34%). Customer growth reached 14%, totaling 10,624 customers. However, the company faced a GAAP net loss of $39.6 million and a GAAP operating margin of (21%). Looking forward, Rapid7 projects third quarter ARR between $740 million and $750 million, with revenue expectations between $175 million and $177 million.
Rapid7 (NASDAQ: RPD) announced new layered context capabilities in its InsightCloudSec platform, enhancing cloud security management. This feature provides security teams with a consolidated view of risk signals, addressing issues like misconfigurations and public exposure. It simplifies risk prioritization and remediation, enabling organizations to adapt to rapid cloud adoption. Key benefits include context-driven risk assessment, real-time insights into vulnerabilities, and streamlined asset management.
Rapid7, Inc. (NASDAQ: RPD) will release its second quarter 2022 financial results on August 3, 2022, after market close. The company will host a conference call that day at 4:30 p.m. ET to discuss its results and business outlook. Investors can access the call via telephone or through the company's website. With over 10,000 customers relying on its security analytics and automation solutions, Rapid7 continues to position itself as a leader in the cybersecurity space.
BOSTON, May 25, 2022 (GLOBE NEWSWIRE) -- Rapid7 (NASDAQ: RPD), a leader in security analytics and automation, will present at two upcoming conferences. The William Blair 42nd Annual Growth Stock Conference is scheduled for June 7, 2022, at 4:00 p.m. CT in Chicago, IL. The Baird 2022 Global Consumer, Technology & Services Conference follows on June 8, 2022, at 1:25 p.m. ET in New York, NY. Both presentations will be webcasts, with replays available on Rapid7's investor relations website.
DirectDefense has appointed Jared Ballou as Vice President of Business Development, based in San Diego, CA. His primary role will focus on driving strategic partnerships to enhance the company's growth strategy, following what has been its most profitable year to date in 2021. Ballou brings over 15 years of experience, having previously held leadership positions at ObserveIT and was a founding member at Rapid7, where he significantly contributed to revenue growth. DirectDefense aims to strengthen its position as a leading provider of managed security services.
Rapid7 reported a robust first quarter of 2022 with annualized recurring revenue (ARR) reaching $627 million, marking a 38% year-over-year increase. Total revenue hit $157 million, up 34%, driven by products revenue of $149 million (+36%). Customer base grew by 16% to 10,407, boosting ARR per customer by 18%. Despite a net loss of $44.999 million, the company generated positive free cash flow. For Q2, Rapid7 expects revenue growth of 29-31%.
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