Rapid7 (RPD) Set to Announce Earnings on Wednesday

Rapid7 (NASDAQ:RPD - Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Rapid7 to post earnings of $0.52 per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Rapid7 (NASDAQ:RPD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.06. Rapid7 had a negative net margin of 5.64% and a negative return on equity of 67.88%. The business had revenue of $207.99 million during the quarter, compared to the consensus estimate of $204.04 million. During the same quarter in the prior year, the firm posted ($0.33) earnings per share. The company's revenue was up 9.2% compared to the same quarter last year. On average, analysts expect Rapid7 to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Rapid7 Stock Down 0.7 %

Shares of NASDAQ:RPD traded down $0.30 during trading on Wednesday, reaching $41.30. 622,595 shares of the company's stock traded hands, compared to its average volume of 846,112. Rapid7 has a fifty-two week low of $32.94 and a fifty-two week high of $61.88. The company has a 50-day simple moving average of $37.56 and a 200-day simple moving average of $38.90. The firm has a market cap of $2.57 billion, a PE ratio of -20.15 and a beta of 0.97.

Insider Buying and Selling at Rapid7

In other Rapid7 news, Director Reeny Sondhi sold 3,663 shares of Rapid7 stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $40.00, for a total value of $146,520.00. Following the completion of the transaction, the director now directly owns 17,460 shares of the company's stock, valued at $698,400. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

RPD has been the subject of several research analyst reports. Needham & Company LLC restated a "hold" rating on shares of Rapid7 in a research report on Wednesday, August 7th. JPMorgan Chase & Co. decreased their price objective on Rapid7 from $46.00 to $39.00 and set a "neutral" rating on the stock in a report on Friday, August 2nd. Piper Sandler dropped their target price on shares of Rapid7 from $45.00 to $42.00 and set a "neutral" rating for the company in a report on Wednesday, August 7th. Canaccord Genuity Group upgraded shares of Rapid7 from a "hold" rating to a "buy" rating and lowered their price target for the stock from $52.00 to $43.00 in a research report on Wednesday, August 7th. Finally, UBS Group decreased their target price on shares of Rapid7 from $65.00 to $59.00 and set a "buy" rating on the stock in a research note on Wednesday, August 7th. Fourteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $46.06.

Rapid7 Company Profile

Rapid7, Inc provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names. The company offers endpoint to cloud data collection and sharing applications, such as Rapid7 Insight Agent, a software-based agent that is used on assets across on-premises and cloud environments to centralize and monitor data on company's platform; Rapid7 Insight Network Sensor that analyzes raw end-to-end network traffic to increase visibility into user activity, pinpoint real threats, and investigations; Rapid7 Cloud Event Data Harvesting that offers visibility into changes made to cloud resources; and third-party integrations and ecosystem, as well as orchestration and automation solutions.