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) 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) is set to announce its fourth quarter and full year 2021 financial results on February 9, 2022, after market close. A conference call will follow at 4:30 p.m. ET to discuss these results and future business outlook, accessible via phone or a live webcast. Following the call, a telephone replay will be available until February 16, 2022. Rapid7 provides security solutions that help over 9,900 customers improve their security posture through analytics and automation.
Rapid7 (NASDAQ: RPD) has appointed Tim Adams as its new Chief Financial Officer, effective January 3, 2022. Adams succeeds Jeff Kalowski, who is retiring after five years in the position. Adams previously served as CFO at BitSight Technologies and brings over a decade of financial leadership experience from companies like ObsEva SA and athenahealth. The transition aims to ensure continuity and leverage Adams’ expertise to support Rapid7’s growth journey. Kalowski will assist during the transition period.
BOSTON, Nov. 10, 2021 – Rapid7 (NASDAQ: RPD), a leader in security analytics and automation, announced its participation in two upcoming virtual conferences. The company will present at the RBC Global Technology Conference on November 17, 2021, at 3:20 p.m. ET, and at the Barclays Global Technology Conference on December 8, 2021, at 10:20 a.m. ET. Both presentations will be available via live webcast, with replays accessible on Rapid7's investor relations website. Rapid7 serves over 9,900 customers by enhancing security through its Insight Platform.
Rapid7 reported a 38% year-over-year growth in annualized recurring revenue (ARR), reaching $550 million, driven by demand for security solutions and the acquisition of IntSights. Total revenue surged 33% to $139.9 million for Q3 2021, with customer numbers up 17%. However, the company posted a GAAP net loss of $37.7 million, with expectations of continued losses into Q4. Guidance for full-year revenue is between $528.7 million and $530.3 million, indicating a 28% to 29% year-over-year growth.
Rapid7 (NASDAQ: RPD) is expanding its presence by opening a new office in Tampa, Florida, initially creating over 100 jobs in the tech sector. This move aims to tap into the area's skilled workforce, including military veterans and graduates from local universities. The company emphasizes the need for top talent to support its ongoing innovation in security analytics. Rapid7 has experienced significant growth, with its global employee count doubling since 2016, and it continues to be recognized as a top employer.
Rapid7, Inc. (NASDAQ: RPD) will announce its Q3 2021 financial results on November 3, 2021, after market close. A conference call will take place at 4:30 p.m. Eastern Time to discuss the results and future outlook.
Participants can access the call via phone or live webcast on the company’s website. A replay will be available until November 10, 2021. Rapid7, a security analytics and automation leader, serves over 9,300 customers and focuses on improving security outcomes.
Rapid7 (Nasdaq: RPD) announced a notice of redemption for its $45.352 million 1.25% convertible senior notes due 2023, effective November 30, 2021. The redemption price will be 100% of the principal plus accrued interest from August 15, 2021. Holders can convert the notes into shares of common stock until November 29, 2021, at a conversion rate of 24.0460 shares per $1,000 principal. Rapid7 plans to settle conversions through cash and stock. This move aims to enhance the company’s financial position while managing debt effectively.
Rapid7, a leader in security analytics and automation, announced its participation at the KeyBanc Virtual 22nd Annual Technology Leadership Forum. The presentation will take place on August 12, 2021, at 1:20 PM Eastern Time. Attendees can access the live webcast and a replay afterward on the investor relations section of Rapid7's website. With over 9,300 clients, Rapid7 focuses on simplifying security through advanced visibility and automation, enabling organizations to effectively manage vulnerabilities and respond to threats.
Rapid7, a leading security analytics firm, reported a strong Q2 2021 with annualized recurring revenue (ARR) reaching $488.9 million, a 29% increase year-over-year. Total revenue was $126.4 million, up 28%, driven by product revenue growth of 29%. Customer count grew by 13%, with ARR per customer increasing 14%. Rapid7 has acquired IntSights for enhanced threat intelligence and launched InsightCloudSec, expanding its security platform capabilities. However, the company is experiencing a GAAP net loss of $34.2 million.
Code42 has integrated its Incydr product with Rapid7's InsightIDR, enabling security teams to detect and respond to insider threats more effectively. This integration enhances the ability to identify critical events such as data leakage and theft while reducing false positives. The collaboration aims to streamline investigations, saving analysts time and improving compliance monitoring. With 69% of security leaders having experienced breaches despite using data loss prevention (DLP) tools, this partnership addresses the need for improved insider threat management in today’s hybrid work environment.
FAQ
What is the current stock price of Rapid7 (RPD)?
What is the market cap of Rapid7 (RPD)?
What is Rapid7, Inc.?
When was Rapid7 founded?
Where is Rapid7 headquartered?
What recent expansions has Rapid7 undertaken?
What innovations has Rapid7 introduced recently?
What is Rapid7’s Managed Digital Risk Protection (DRP) service?
How does Rapid7 contribute to cybersecurity research?
What is InsightIDR?
How many employees does Rapid7 have?
How can I learn more about Rapid7’s job opportunities in Prague?
