Rapid7 (RPD) Set to Announce Quarterly Earnings on Tuesday

Rapid7 (NASDAQ:RPD) is set to release its earnings data after the market closes on Tuesday, August 6th. Analysts expect Rapid7 to post earnings of $0.52 per share for the quarter. Rapid7 has set its Q2 guidance at $0.50-0.53 EPS and its FY24 guidance at $2.10-2.21 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The firm had revenue of $205.10 million during the quarter, compared to analysts’ expectations of $204.10 million. Rapid7 had a negative net margin of 15.14% and a negative return on equity of 31.09%. On average, analysts expect Rapid7 to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Rapid7 Price Performance

Shares of RPD stock opened at $35.28 on Monday. The stock has a market cap of $2.20 billion, a P/E ratio of -17.21 and a beta of 0.98. The company has a fifty day moving average price of $38.87 and a two-hundred day moving average price of $46.24. Rapid7 has a one year low of $33.34 and a one year high of $61.88.

Analyst Upgrades and Downgrades

A number of analysts have commented on RPD shares. Truist Financial cut their price target on shares of Rapid7 from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Citigroup cut their price target on shares of Rapid7 from $65.00 to $52.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. UBS Group cut their target price on shares of Rapid7 from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Stifel Nicolaus cut their target price on shares of Rapid7 from $63.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Finally, Baird R W cut shares of Rapid7 from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $49.00.

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.