Financial GuidanceManagement surprisingly - and very disappointingly - opted to lower its full year ARR guidance to $835M-$845M, down from $850M-$860M previously.
Revenue ProjectionsManagement provided some prudently cautious early commentary on demand trends heading into FY25 which should lead to some meaningful downward revisions to Street estimates for revenue next year.
Sales PerformanceRapid7 reported a slightly weaker than expected 3Q with ARR coming in below consensus driven by elongated sales cycles, particularly in North American Enterprise/SME.