Rapid7 (NASDAQ:RPD – Get Free Report) updated its third quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.500-0.530 for the period, compared to the consensus estimate of 0.530. The company issued revenue guidance of $209.0 million-$211.0 million, compared to the consensus revenue estimate of $209.2 million. Rapid7 also updated its FY 2024 guidance to 2.150-2.200 EPS.
Rapid7 Price Performance
RPD traded down $0.42 during mid-day trading on Tuesday, hitting $33.02. The stock had a trading volume of 1,686,843 shares, compared to its average volume of 920,710. Rapid7 has a 1-year low of $32.94 and a 1-year high of $61.88. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of -16.11 and a beta of 0.98. The stock’s fifty day simple moving average is $38.68 and its 200-day simple moving average is $45.93.
Rapid7 (NASDAQ:RPD – Get Free Report) last posted its earnings results on Tuesday, May 7th. The technology company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Rapid7 had a negative return on equity of 31.09% and a negative net margin of 15.14%. The firm had revenue of $205.10 million for the quarter, compared to analyst estimates of $204.10 million. As a group, research analysts expect that Rapid7 will post 0.75 earnings per share for the current fiscal year.
Analysts Set New Price Targets
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About Rapid7
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.
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