Rapid7, Inc. (RPD) Updates Q3 Earnings Guidance
Rapid7, Inc. (NASDAQ:RPD) issued an update on its third quarter earnings guidance on Monday morning. The company provided earnings per share guidance of ($0.18-0.16) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.16). The company issued revenue guidance of $48.9-50.3 million, compared to the consensus revenue estimate of $49.86 million.Rapid7 also updated its FY17 guidance to ($0.64-0.61) EPS.
Rapid7, Inc. (NASDAQ:RPD) remained flat at $15.06 during mid-day trading on Monday. 180,544 shares of the stock were exchanged. Rapid7, Inc. has a 52-week low of $10.63 and a 52-week high of $19.29. The stock’s market capitalization is $637.57 million. The company’s 50 day moving average is $16.87 and its 200 day moving average is $15.97.
Rapid7 (NASDAQ:RPD) last posted its earnings results on Tuesday, May 9th. The technology company reported ($0.24) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.17. Rapid7 had a negative return on equity of 93.19% and a negative net margin of 26.19%. The business had revenue of $45.20 million for the quarter, compared to analysts’ expectations of $44.01 million. During the same quarter in the previous year, the firm earned ($0.23) earnings per share. The business’s revenue was up 30.0% compared to the same quarter last year. Equities research analysts predict that Rapid7, Inc. will post ($0.63) EPS for the current fiscal year.
A number of research firms have recently commented on RPD. Susquehanna Bancshares Inc began coverage on Rapid7 in a research report 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 stock an outperform rating in a research report on Wednesday, May 10th. Monness Crespi & Hardt began coverage on Rapid7 in a research report on Tuesday, May 30th. They set a buy rating and a $23.00 target price on the stock. Zacks Investment Research cut Rapid7 from a buy rating to a hold rating in a research report on Wednesday, July 12th. Finally, Northland Securities reiterated a buy rating and set a $23.00 target price on shares of Rapid7 in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Rapid7 has a consensus rating of Hold and a consensus price target of $19.93.
In related news, insider Jay C. Hoag sold 1,400,000 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $18.00, for a total transaction of $25,200,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Andrew F. Burton sold 37,843 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $16.95, for a total value of $641,438.85. Following the transaction, the chief operating officer now directly owns 238,158 shares in the company, valued at approximately $4,036,778.10. The disclosure for this sale can be found here. Company insiders own 56.90% of the company’s stock.
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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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