Rapid7 (RPD) PT Raised to $59 at Citi

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Go back to Rapid7 (RPD) PT Raised to $59 at Citi

Rapid7, Inc. (RPD) tops earnings estimates but revenue guidance weighs on share price

February 9, 2023 8:10 AM EST

Rapid7, Inc. (NASDAQ: RPD) shares are down more than 7% Thursday in reaction to the company's latest earnings release, which saw it top profit and revenue expectations.

While the company beat on most metrics, Rapid7's revenue forecast has weighed its share price.

The software firm's Q4 EPS came in at $0.35, $0.17 better than the analyst estimate of $0.18, while revenue for the quarter came in at $184.48 million versus the consensus estimate of $179.46... More