Rapid7 (RPD) PT Lowered to $50 at Raymond James
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Rapid7 (RPD) Plunges 17% After Guiding Down, Gets 3rd Downgrade in 2 Weeks
November 3, 2022 9:48 AM EDTRapid7 (NASDAQ: RPD) shares fell 18% on Thursday after the company offered soft Q4 guidance and slashed its full-year sales forecast.
Rapid7 reported an EPS of $0.14 on revenue of $176 million, which compares to the consensus that called for an EPS of $0.05 on sales of $176.08 million.
For this quarter, the midpoint of the companys forecast is calling for an adjusted EPS of $0.185 on revenue of $180 million, missing the estimate that called for an EPS of $0.21 on revenue of $186.9... More
