Rapid7 (RPD) Issues Q1 Earnings Guidance

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Rapid7 (NASDAQ:RPD) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of (0.10-0.08) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.06). The company issued revenue guidance of $68.9-70.5 million, compared to the consensus revenue estimate of $65.28 million.Rapid7 also updated its FY 2019 guidance to $0.05-0.05 EPS.

A number of research analysts have commented on the company. Morgan Stanley set a $42.00 price target on Rapid7 and gave the company a hold rating in a research report on Friday. Zacks Investment Research raised Rapid7 from a hold rating to a buy rating and set a $46.00 price target for the company in a research report on Tuesday. Monness Crespi & Hardt reaffirmed a buy rating and set a $49.00 price target (up previously from $41.00) on shares of Rapid7 in a research report on Friday. Needham & Company LLC reaffirmed a buy rating and set a $50.00 price target (up previously from $42.00) on shares of Rapid7 in a research report on Friday. Finally, DA Davidson upped their price target on Rapid7 to $40.00 and gave the company a neutral rating in a research report on Friday. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $41.43.

Shares of NASDAQ:RPD traded up $4.54 during trading on Friday, hitting $44.49. The stock had a trading volume of 2,521,897 shares, compared to its average volume of 543,195. Rapid7 has a 12 month low of $21.33 and a 12 month high of $45.17. The firm has a market capitalization of $1.89 billion, a P/E ratio of -44.05 and a beta of 1.14. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.83 and a current ratio of 1.83.

Rapid7 (NASDAQ:RPD) last announced its earnings results on Thursday, February 7th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.04. Rapid7 had a negative return on equity of 59.16% and a negative net margin of 22.76%. The firm had revenue of $70.64 million during the quarter, compared to analyst estimates of $66.66 million. During the same quarter in the prior year, the company earned ($0.17) EPS. The business’s revenue was up 22.4% compared to the same quarter last year. On average, equities analysts forecast that Rapid7 will post -0.58 EPS for the current fiscal year.

In related news, COO Andrew F. Burton sold 6,780 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $31.79, for a total value of $215,536.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Lee David Weiner sold 5,580 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $31.78, for a total value of $177,332.40. The disclosure for this sale can be found here. Insiders sold a total of 2,236,482 shares of company stock valued at $73,871,440 in the last three months. Corporate insiders own 25.60% of the company’s stock.

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Rapid7 Company Profile

Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enables customers to assess and remediate their overall exposure to cyber risk; InsightAppSec, an insight platform based solution; AppSpider, an application security testing solution; and Metasploit, a penetration testing software solution.

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