Rapid7 Announces Second Quarter 2018 Financial Results
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Rapid7 (RPD) PT Raised to $40 at RBC Capital
August 7, 2018 8:08 AM EDTRBC Capital raised its price target on Rapid7 (NASDAQ: RPD) to $40.00 (from $38.00) while maintaining an Outperform rating following results.
Analyst Matthew Hedberg said momentum continues to build as Rapid7 steadily executes and even accelerates the recurring revenue transition.
... MoreRapid7 (RPD) PT Raised to $40 at Susquehanna
August 7, 2018 6:42 AM EDTSusquehanna raised its price target on Rapid7 (NASDAQ: RPD) to $40.00 (from $37.00) while maintaining a Positive rating following results.
Analyst Anne Meisner commented, "Rapid continues to show impeccable execution on its subscription transition, which is driving accelerating ARR, and in turn drives our estimates and price target higher."
... MoreRapid7, Inc. (RPD) Tops Q2 EPS by 6c, Revenues Beat; Offers FY18 EPS/Revenue Outlook
August 6, 2018 4:13 PM EDTRapid7, Inc. (NASDAQ: RPD) reported Q2 EPS of ($0.13), $0.06 better than the analyst estimate of ($0.19). Revenue for the quarter came in at $58.4 million versus the consensus estimate of $55.14 million.
Rapid7 had a great second quarter, with strong performance around the world and across our solutions, said Corey Thomas, President and CEO of Rapid7. For the fourth quarter in a row, ARR growth accelerated, reaching 44%, driven by new customer growth, upsells and cross-sells, and the success of our shift... More
