Rapid7 Announces Third Quarter 2020 Financial Results
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Rapid7 (RPD) PT Raised to $80 at Mizuho Securities
November 5, 2020 7:17 AM ESTMizuho Securities analyst Gregg Moskowitz raised the price target on Rapid7 (NASDAQ: RPD) to $80.00 (from $75.00) while maintaining a Neutral rating.
The analyst commented, "RPD reported a good 3Q, led by ARR growth of 29% Y/Y vs. our 27% forecast. Moreover, RPD again raised its... More
Rapid7, Inc. (RPD) Tops Q3 EPS by 4c, Revenues Beat; Offers FY20 Revenue Guidance Above Consensus, Raises FY20 ARR Outlook
November 4, 2020 4:33 PM ESTRapid7, Inc. (NASDAQ: RPD) reported Q3 EPS of $0.00, $0.04 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $105.1 million versus the consensus estimate of $101.86 million.
Annualized recurring revenue (ARR) of $398.7 million, an increase of 29% year-over-yearRevenue of $105.1 million, 26% year-over-year growth; Products revenue of $98.6 million, 29% year-over-year growthGAAP operating loss of $(17.9) million; Non-GAAP operating income of $2.4 millionRaising full year 2020 guidance for ARR and revenue"Rapid7 is pleased to report strong Q3 performance that exceeded growth and profit expectations thanks to solid execution by our team. We ended... More
