Rapid7 company logo

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

rapid7.com

Founded Year

1999

Stage

IPO | IPO

Total Raised

$89M

Date of IPO

7/17/2015

Market Cap

4.10B

Stock Price

70.36

Revenue

$0000 

About Rapid7

Rapid7 develops security analytics software and services to reduce threat exposure and detect compromise for companies. Its platform simplifies the complex and helps security teams reduce vulnerabilities, monitor for malicious behavior, investigate and shut down attacks, and automate routine tasks.

Rapid7 Headquarter Location

120 Causeway Street Suite 400

Boston, Massachusetts, 02114,

United States

617-247-1717

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Rapid7

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Rapid7 is included in 3 Expert Collections, including Regtech.

R

Regtech

1,341 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

C

Conference Exhibitors

5,302 items

C

Cybersecurity

5,065 items

Rapid7 Patents

Rapid7 has filed 100 patents.

The 3 most popular patent topics include:

  • Computer network security
  • Computer security
  • Computer security exploits
patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/30/2019

4/26/2022

Computer network security, Computer security, Computer security exploits, Web security exploits, Spyware

Grant

Application Date

10/30/2019

Grant Date

4/26/2022

Title

Related Topics

Computer network security, Computer security, Computer security exploits, Web security exploits, Spyware

Status

Grant

Latest Rapid7 News

Rapid7: Could Be Profitable in FY 2022 Despite Bear Market

May 20, 2022

Rapid7, Inc. (NASDAQ: RPD), unlike most of its competitors in the cloud security space, has the very real possibility of turning a profit this year, which probably comes as a... , unlike most of its competitors in the cloud security space, has the very real possibility of turning a profit this year, which probably comes as a great surprise to many investors given the macro backdrop. The business has high APR growth a surging top line, and quality recurring revenues. MarketBeat.com - MarketBeat Rapid7 Business Overview Rapid7 had a solid quarter last year. This business recorded a 38% YoY growth, with 92% of its revenues coming from existing customers. A major positive for the stock is the fact that security threats will always be a persistent problem for organizations of any size. Plus, according to Govtech, cyberattacks tend to increase during times of chaos and uncertainty. With the war in Ukraine in full swing and a looming recession, there is perhaps more uncertainty than any other period in most of our lifetimes. Rapid7 has a unique competitive advantage over other cloud providers in the market. It works to unify multiple clouds into one platform, which helps IT and security experts stop being breached through phishing and malware attacks, as well as other attack vectors. Rapid7 Operating Segments & Break-Even Guidance for FY 2022 The two segments that Rapid7 considers itself to be in are threat detection & response as well as cloud security. From a top-down perspective, these segments have a $29bn dollar total addressable market, and from a top-up perspective, this number swells to $37 billion. These segments are also profitable for the company, as its non-GAAP operating margin has maintained itself at 2% and is scaling with total revenue from the company. One disadvantage that the business has is that it's not ultimately profitable, but it is not losing money at an alarming rate either. The business was losing $55.5M per year in 2018 to $146.33M in 2021. Despite the company's losses, management issued the following guidance which shows that the company expects it will break even this year. It expects FCF to be between $40M and $45M by the end of December at the latest. Rapid7 is currently down -40.95% to date and is significantly below the MarketBeat consensus price target of $128. Keep in mind that technology stocks have been severely discounted and some may view the cheap prices as an opportunity to pick up stocks at a bargain. The Disadvantages and Risks of Rapid7 Despite making good headway towards its ultimate goal of profitability, there are some apparent downsides to the stock that should not be cast aside. The company's guidance was made before the sell-off in the stock market and crucially before the sector rotation out of technology stocks. However, the company has consistently beat analysts' earnings estimates and their own guidance numbers, which gives credit to its estimations. Another disadvantage that was given in the company's most recent 10K report is that it is facing an increasing amount of price competition in the cloud space. Competitors such as Cloudflare that offer a freemium model are reportedly cutting into the businesses' turf and are stealing market share. If the business is unable to differentiate its offerings then this is a trend that is looked to continue into the future. Rapid7 Technical Analysis Rapid7 has been significantly sold off along with the rest of the market. The market has been particularly unfair to technology companies as most of this market sector is down by 50% or more. In Rapid7's case, the stock has only started to be given some breathing room as it begins its consolidation stage. As the market moves lower, it's expected that the violent sell-off in the stock will see tech stocks reach new lows, and it could be months or even years before they regain the value that they lost prior to the sector rotation. Over the short term, the stock is expected to trade sideways. One concerning aspect of the stock is that there is significantly more volume on the red candles than the green. This suggests very motivated selling on behalf of the bears, while the bulls are unable to catch a break. This selling pressure will make it difficult for the stock to recover in the near future. Entrepreneur Editors' Picks These Co-Founders Are Using 'Quiet Confidence' to Flip the Script on Cutthroat Startup Culture and Make Their Mark on a $46 Billion Industry My 7-Year-Old Daughter Started Selling Eggs. Here's What She Taught Me About Running a Startup. Why You Need to Become an Inclusive Leader (and How to Do It) Career Transitions You Can Make in Your 40s and 50s Billionaire Naveen Jain Is an Expert at Disrupting Fields He Has No Experience In. His Secret Sauce for Building Multi-Million Dollar Companies? 'You Have to Come as Naive.'

Rapid7 Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Rapid7 Rank

  • When was Rapid7 founded?

    Rapid7 was founded in 1999.

  • Where is Rapid7's headquarters?

    Rapid7's headquarters is located at 120 Causeway Street, Boston.

  • What is Rapid7's latest funding round?

    Rapid7's latest funding round is IPO.

  • How much did Rapid7 raise?

    Rapid7 raised a total of $89M.

  • Who are Rapid7's competitors?

    Competitors of Rapid7 include Revelstoke, Veracode, eSentire, Panther Labs, ActZero and 7 more.

You May Also Like

Arctic Wolf Networks Logo
Arctic Wolf Networks

Arctic Wolf delivers personal, predictable protection from cybersecurity threats through an industry-leading security operations center (SOC)-as-a-service. Arctic Wolf Managed Detection and Response and Managed Risk services are anchored by the Arctic Wolf Concierge Security™ Team who provides custom threat hunting, alerting and reporting. Arctic Wolf’s purpose-built, cloud-based SOC-as-a-service offers 24x7 monitoring, risk management, threat detection, and response.

W
Wiz

Wiz operates as a cloud security company that allows companies to secure their cloud infrastructure at scale. Wiz delivers a contextual risk assessment of a client's cloud with the aims of enabling a reduction in security alerts, a clear action plan, and cloud hygiene at scale.

Uptycs Logo
Uptycs

Uptycs develops a fast way to deploy osquery at scale. The company provides a cloud solution for system management, anomaly detection, and incident response using a robust analytics platform and out-of-the-box integration with threat intelligence.

LogRhythm Logo
LogRhythm

LogRhythm, a provider in security intelligence and analytics, empowers organizations around the globe to rapidly detect, respond to and neutralize damaging cyber threats. The company's platform unifies next-generation SIEM, log management, network and endpoint monitoring, and advanced security analytics. In addition to protecting customers from the risks associated with cyber threats, LogRhythm provides unparalleled compliance automation and assurance, and enhanced IT intelligence.

SonarSource Logo
SonarSource

Sonar’s solutions enable developers and development teams to write clean code and remediate existing code organically so that they can focus on the work they love and maximize the value they generate for businesses. Its opensource and commercial solutions – SonarLint, SonarCloud, and SonarQube – support 29 programming languages. The company was founded in 2008 and is based in Geneva, Switzerland.

B
Bright Security

Bright Security, fka NeuraLegion, helps improve application security at a lower cost by providing a 0-false positive, AI-powered DAST, and Fuzzer solutions that are purpose-built for modern development environments. It is based in Tel Aviv, Israel.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.