Reports Q3 revenue $214.65M, consensus $209.67M. “Rapid7 (RPD) continued to see positive momentum across key areas of our business in the third quarter, highlighted by growth in our threat detection and response business, and strong demand for our consolidated offerings, which resulted in revenue and operating income exceeding guided ranges. There are also a number of promising indicators on the horizon, including a stronger sales pipeline and early positive traction from our newly launched Command platform,” said Corey Thomas, CEO of Rapid7. “We continue to thoughtfully invest to bring our customers the most relevant security solutions, and I am confident that Rapid7 is well positioned to continue driving profitable growth over time.”
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RPD:
- RPD Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Rapid7 rises about 6% after Reuters report of exploring options
- Rapid7 exploring options after attracting acquisition interest, Reuters reports
- Rapid7 fielding takeover interest from buyout firms, Reuters reports
- Rapid7 price target lowered to $40 from $45 at Truist