Rapid7, Inc. (NASDAQ:RPD) Issues FY17 Earnings Guidance
Rapid7, Inc. (NASDAQ:RPD) issued an update on its FY17 earnings guidance on Monday morning. The company provided EPS guidance of ($0.64-0.61) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.63). The company issued revenue guidance of $195-198 million, compared to the consensus revenue estimate of $196.00 million.Rapid7 also updated its Q3 guidance to ($0.18-0.16) EPS.
Shares of Rapid7, Inc. (NASDAQ:RPD) remained flat at $15.06 on Monday. The stock had a trading volume of 180,544 shares. The stock’s market capitalization is $637.57 million. Rapid7, Inc. has a 12-month low of $10.63 and a 12-month high of $19.29. The firm has a 50 day moving average of $16.87 and a 200-day moving average of $15.97.
Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Tuesday, May 9th. The technology company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.17. The firm had revenue of $45.20 million for the quarter, compared to the consensus estimate of $44.01 million. Rapid7 had a negative return on equity of 93.19% and a negative net margin of 26.19%. The business’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.23) earnings per share. On average, equities research analysts predict that Rapid7, Inc. will post ($0.63) earnings per share for the current year.
Several analysts recently issued reports on the company. Susquehanna Bancshares Inc assumed coverage on Rapid7 in a research note on Wednesday, June 7th. They set a neutral rating and a $20.00 target price on the stock. Royal Bank Of Canada lifted their target price on Rapid7 from $19.00 to $22.00 and gave the company an outperform rating in a research note on Wednesday, May 10th. Northland Securities reissued a buy rating and set a $23.00 target price on shares of Rapid7 in a research note on Friday, July 14th. BidaskClub downgraded Rapid7 from a hold rating to a sell rating in a research note on Friday, July 28th. Finally, Zacks Investment Research downgraded Rapid7 from a buy rating to a hold rating in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $19.93.
In other Rapid7 news, COO Andrew F. Burton sold 37,843 shares of Rapid7 stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $16.95, for a total value of $641,438.85. Following the sale, the chief operating officer now owns 238,158 shares of the company’s stock, valued at approximately $4,036,778.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jay C. Hoag sold 1,400,000 shares of Rapid7 stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $18.00, for a total value of $25,200,000.00. The disclosure for this sale can be found here. 56.90% of the stock is currently owned by company insiders.
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Rapid7 Company Profile
Rapid7, Inc is a provider analytics for security and information technology (IT) operations that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The Company’s analytics enable organizations to contextualize and prioritize the threats facing their physical, virtual and cloud assets, including those posed by the behaviors of their users.
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