Rapid7, Inc. (RPD) Updates Q3 Earnings Guidance
Rapid7, Inc. (NASDAQ:RPD) updated its third quarter earnings guidance on Monday. The company provided earnings per share guidance of ($0.18-0.16) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.16). The company issued revenue guidance of $48.9-50.3 million, compared to the consensus revenue estimate of $49.86 million.Rapid7 also updated its FY17 guidance to ($0.64-0.61) EPS.
Several equities analysts have weighed in on the company. BidaskClub cut Rapid7 from a hold rating to a sell rating in a report on Friday, July 28th. ValuEngine cut Rapid7 from a hold rating to a sell rating in a report on Tuesday, August 1st. Northland Securities reaffirmed a buy rating and issued a $23.00 price objective on shares of Rapid7 in a report on Friday, July 14th. Susquehanna Bancshares Inc assumed coverage on Rapid7 in a report on Wednesday, June 7th. They issued a neutral rating and a $20.00 price objective for the company. Finally, Monness Crespi & Hardt assumed coverage on Rapid7 in a report on Tuesday, May 30th. They issued a buy rating and a $23.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $19.93.
Rapid7, Inc. (RPD) remained flat at $15.06 during trading on Monday. The company’s stock had a trading volume of 180,544 shares. The stock’s market capitalization is $637.57 million. Rapid7, Inc. has a 12-month low of $10.63 and a 12-month high of $19.29. The stock’s 50 day moving average is $16.87 and its 200-day moving average is $15.97.
Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Tuesday, May 9th. The technology company reported ($0.24) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.17. The company had revenue of $45.20 million during the quarter, compared to analyst estimates of $44.01 million. Rapid7 had a negative return on equity of 93.19% and a negative net margin of 26.19%. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.23) earnings per share. On average, analysts forecast that Rapid7, Inc. will post ($0.63) earnings per share for the current year.
In other Rapid7 news, insider Jay C. Hoag sold 1,400,000 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $18.00, for a total transaction of $25,200,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Andrew F. Burton sold 37,843 shares of the firm’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $16.95, for a total value of $641,438.85. Following the sale, the chief operating officer now owns 238,158 shares in the company, valued at approximately $4,036,778.10. The disclosure for this sale can be found here. 56.90% of the stock is currently owned by company insiders.
Rapid7, Inc is a provider analytics for security and information technology (IT) operations that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The Company’s analytics enable organizations to contextualize and prioritize the threats facing their physical, virtual and cloud assets, including those posed by the behaviors of their users.
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