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Rapid7 Inc   (RPD)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $50.3100 $-1.22 -2.368%
Day's High: $51.21 Week Perf: -7.35 %
Day's Low: $ 49.60 30 Day Perf: -16.98 %
Volume (M): 1,891 52 Wk High: $ 61.88
Volume (M$): $ 95,141 52 Wk Avg: $49.54
Open: $50.60 52 Wk Low: $38.14



 Market Capitalization (Millions $) 3,053
 Shares Outstanding (Millions) 61
 Employees 1,079
 Revenues (TTM) (Millions $) 777
 Net Income (TTM) (Millions $) -149
 Cash Flow (TTM) (Millions $) 6
 Capital Exp. (TTM) (Millions $) 20

Rapid7 Inc

Organizations of all sizes are faced with a more sophisticated and motivated set of cyber attackers. Coupled with an increasingly complex IT environment and expanding attack surface, driven by mobility and a shift to the cloud, security and IT teams are struggling to maintain adequate levels of cyber security, provide visibility to their management teams, and meet increasing regulatory requirements. At the same time, they must navigate a shortage of capable cyber security professionals. Out of these challenges, the concept of Security Operations, or SecOps, is emerging. SecOps is a movement that recognizes that Security and IT Operations must work together to deliver better security and more nimbly adapt to emerging threats, without adding significant resources. SecOps requires solutions that provide visibility, analytics and automation that enable IT, Security and DevOps to work together to achieve significantly higher levels of productivity and success.

Rapid7 is a leading provider of security and IT analytics and automation solutions for SecOps and is trusted by professionals around the world to provide visibility, analytics and automation to help manage risk, simplify IT complexity and drive innovation. Our solutions, which include vulnerability management, incident detection and response, security information and event management, or SIEM, application security testing, log analytics, and security orchestration and automation all focus on the critical needs of enterprises for greater visibility into their environments, analytics that provide context to complex data, and automation that enables SecOps teams to scale and more efficiently address critical security and IT tasks.
We combine our extensive experience in collecting data from an ever-expanding IT environment, our deep insight into attacker behaviors and techniques, and our powerful and proprietary analytics to provide solutions that can quickly and efficiently identify and prioritize risks and active threats in an enterprise’s IT environment. Our broad data collection capabilities encompass endpoints, servers, applications, users, cloud-based assets, client devices, network activity, log data and information from third-party applications. We also provide workflows and automations that can enable and accelerate remediation of these risks and active threats. We have designed our solutions to be easy to deploy and use for security and IT teams of all sizes.
We offer analytic solutions across the following three core areas of SecOps:

Our Vulnerability Management offerings include our industry-leading vulnerability management, web application security testing and attack simulation products. These solutions provide enterprises with comprehensive, yet prioritized, visibility into potential cyber risks across their IT environment. We have also added remediation workflows to help ensure that these risks can be easily mitigated.

Our Incident Detection and Response solutions are designed to enable organizations to rapidly detect and respond to cyber security incidents and breaches across physical, virtual and cloud assets, including those associated with the behaviors of their users. These solutions combine the collection of massive amounts of data with our core analytics and machine-learning-driven user behavioral analytics to simplify the task of identifying and responding to potential breaches.

Our IT Analytics and Automation solutions are designed to allow operations teams to quickly gain visibility into their IT environment and facilitate automated workflows to eliminate repetitive, manual and labor-intensive tasks.
Finally, to complement SecOps products, we offer a range of managed services based on our software solutions and professional services, including incident response services, security advisory services, and deployment and training.

Our Insight Platform is at the core of our SecOps product offerings. The platform was built in the cloud using our extensive experience in collecting and analyzing data to enable our customers to create and manage active, analytics-driven cyber security and IT operations management programs. Our robust data collection architecture supports gathering a wide swath of organizational and environmental data from endpoints to the cloud, including key data about user-specific behavior. By utilizing our powerful, proprietary analytics to assess and understand the context and relationships around users, IT assets and cyber threats within a customer’s environment, our solutions can provide our customers with specific, actionable insights for their security and IT operations. We designed the Rapid7 Insight Platform to allow customers to collect their data once and leverage that same data across multiple solutions, providing shared visibility across teams, improved and automated workflows, and reducing time to value for additional solutions. The design and development of our Insight Platform includes the following key features and benefits:


Holistic Dataset for Managing IT Operations and Cyber Security. Our Insight Platform collects information from across an organizations environment into a unified dataset. We collect data from the following sources: cyber security assets such as firewalls, intrusion detection systems, or IDS, intrusion prevention systems, or IPS, and security information and event management, or SIEM; user directories; endpoints such as computers, mobile and connected devices and servers; applications; cloud activity; IT environment permissions, policies and controls; and third parties, such as cloud-based email and business productivity solution providers. Our platform also applies context to events, including user and asset level details. We overlay this against our continuously expanding set of known vulnerabilities, exploits and threat intelligence, providing SecOps professionals a holistic view of their IT environment.


Agentless and Agent-Based Architecture. We developed our platform with flexible processing technologies that employ both agentless data collection and our own internally-developed endpoint agent technology, which enables rapid and seamless integration of our products into our customers’ IT environments and provides security and IT professionals with instant visibility into their dynamic and rapidly-expanding IT ecosystem. This allows for easier deployment of our Insight agent, potentially increasing the time to value for not just one of our products, but many of them.


Fast Search. Our search technology enables IT and security professionals to search across their entire IT environment including endpoints and, unlike other machine search solutions, provides live access without having to wait for lengthy indexing processes. These capabilities, along with real time and easily accessible search across raw logs and endpoints for known patterns with intuitive search queries, can enable IT security professionals to access their data for operational purposes.


User Behavior Analytics. Our Insight Platform creates a behavior profile for each user in a customer’s IT environment and correlates every event with a user, asset or application. User behavior profiles can then be automatically analyzed to identify suspicious user behavior and compromised user credentials. Our ability to provide rapid context around users and assets involved in an incident can significantly reduce investigation time, enabling organizations to more quickly respond to, contain and mitigate breaches.


Robust Platform and Customer Data Security. Our Insight Platform was designed to provide a secure environment for both our data and that of our customers. We deploy a variety of technologies and industry-leading practices such as physical and logical customer data segregation, network segmentation, audited and monitored access level controls, data anonymization, encryption and separated development-staging-production environments to help ensure that the data collected from a customer’s environment remains proprietary and secure. We have achieved Service Organization Control (SOC) II Type 2 certification for the foundation of our platform and are continuing to expand the specific compliance regimes for which we are audited.
Enterprise-Grade Scalability. Our Insight Platform provides a high level of horizontal scalability. We leverage on-premise deployment models and Amazon Web Services, or AWS, to achieve a high degree of redundancy, fault tolerance and cost-effective operations. We are currently deployed in three AWS geographic regions, with plans to add additional geographies. Our automated deployment technologies enable us to add new AWS instances or additional services rapidly. Our infrastructure architecture is designed to process large amounts of data and easily incorporate new data sources, including on premise, cloud and mobile. Our platform is designed to support customers with large numbers of users or with geographically dispersed environments, and we have scaled to meet the needs of customers with over 2.5 million active assets and 700,000 active users as of December 31, 2017.


Extensible Modern Platform. Our technology platform provides a rich set of application programming interfaces, or APIs, and services that enable customers, partners and developers to import and export data and utilize our analytics capabilities. This allows us to easily integrate with other security tools in the customer’s environment and also enables customers to build bespoke applications and analysis on top of the data that we gather.



   Company Address: 120 Causeway Street Boston 2114 MA
   Company Phone Number: 247-1717   Stock Exchange / Ticker: NASDAQ RPD
   


Customers Net Income fell by RPD's Customers Net Profit Margin fell to

-6.38 %

11.92 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
FSLY   -9.94%    
PLTR   -7.34%    
QLYS   -3.57%    
TENB   -3.18%    
VRNS   -1.47%    
YOU   -6.22%    
• View Complete Report
   



Rapid7 Inc

Company's Stellar Performance Shines Throughout Fourth Quarter of 2023 Earnings Season

Rapid7 Inc Reports Positive Financial Results for Fiscal Year 2023
BOSTON, Feb. 07, 2024 - Rapid7, Inc. (Nasdaq: RPD), a leading provider of extended risk and threat detection solutions, has announced its financial results for the fourth quarter and full-year 2023. The company exhibited significant growth, with impressive increases in revenue and income per share.
For the fiscal period ending December 31, 2023, Rapid7 Inc reported a notable turnaround in income, displaying Income per Share of $0.31 compared to a loss of $0.18 per share the previous year. The company's EPS turned positive from a loss of $1.25 per share in the prior financial reporting period. Moreover, revenue increased by 11.406% to $205.52 million from $184.48 million in the comparable financial reporting period a year ago. Sequentially, revenue surged by 3.792% from $198.01 million.

Product Service News

Rapid7's Skylarking Cybersecurity Venture: Safe-Guarding the Digital Universe with Innovation and Audacious Revenue Growth

Published Tue, Feb 6 2024 2:01 PM UTC

In the increasingly complex universe of cybersecurity, Boston-based company Rapid7 is leading the vanguard with its recent addition of Managed Digital Risk Protection (DRP) to its principal Managed Detection and Response (MDR) service. This uplifted version of MDR service now envelops the gamut of cyber threat responses, ranging from endpoint to the cloud.Implementing the no...

Product Service News

Rapid7 Unveils Advanced AI-Driven Cloud Anomaly Detection in Collaboration with Cloud Providers, Boosting Threat Detection Capabilities

Published Mon, Nov 20 2023 2:01 PM UTC



Rapid7 Inc., a leading provider of security analytics and automation solutions, has recently unveiled its innovative AI-driven cloud anomaly detection technology. This cutting-edge system combines Rapid7's expertise with cloud providers' services to detect both known and unknown threats early on, providing real-time alerts to help organizations mitigate potential r...

Rapid7 Inc

Rapid7 Inc. Achieves Strong Revenue Growth in Fiscal Q3 2023, Yet Falls Short of Profitability Targets



Rapid7 Inc, a leading cybersecurity company, has recently announced its financial results for the fiscal third quarter of 2023. Despite an impressive 12.658% increase in revenue from the same period last year, the company has experienced a deficit of $1.25 per share.
With revenue reaching $198.01 million, Rapid7's performance far exceeds its counterparts in the Software & Programming industry, which reported an average 12.39% increase in top-line figures during the same period. Comparatively, the company's revenue improved by only 4.076% from the previous quarter, when it stood at $190.26 million, indicating a slower growth rate.
The company's net deficit for the fiscal third quarter of 2023 amounted to $76.611 million, a significant increase from the $28.727 million deficit reported a year ago. This trend may raise concerns among investors, as the widening deficits could impact shareholder value. However, one positive indicator of future success is the increase in accounts receivable, signaling a rise in demand for Rapid7's services.
During the past 5 days, Rapid7 Inc's stock has gained 13.43%, adding to the impressive year-to-date gains of 46.88%. Despite this recent surge, the stock sits 7.7% short of its 52-week high. This indicates potential room for growth and may present an opportunity for investors to capitalize on further stock appreciation.
Looking forward, Rapid7 Inc is scheduled to report its next financial results on February 23, 2024. This will be a crucial update for investors as they assess the company's ability to address its deficits and sustain revenue growth.

Rapid7 Inc

Rapid7 Inc Takes the Software & Programming Sector by Storm with Impressive 13.617% Revenue Growth

The stock market can be a roller coaster ride, but there are always opportunities for investors to find success. One company that has caught the attention of many is Rapid7 Inc. Despite an increase in revenue of 13.617% from the previous year, the company has seen a loss per share of $-1.10. While this may seem concerning at first glance, it is important to dig deeper and understand the bigger picture.
It is worth noting that Rapid7 Inc's business has outperformed many of its peers in the Software & Programming sector. In fact, during the second quarter of 2023, most businesses in this sector reported an average business growth of 12.04% compared to the previous year. This highlights the strength and potential of Rapid7 Inc's business model.






 

Rapid7 Inc's Segments
 
 
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Rapid7 Inc does not provide revenue guidance.

Earnings Outlook
Rapid7 Inc does not provide earnings estimates.

 
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