Rapid7 Inc (RPD) is Initiated by Rosenblatt to Buy

Rapid7 Inc (RPD) was Initiated by Rosenblatt to “Buy”. Rosenblatt advised their investors in a research report released on Aug 26, 2016.

On the company’s financial health, Rapid7 Inc reported $-0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.24. The company had revenue of $37.30 million for the quarter, compared to analysts expectations of $36.33 million. The company’s revenue was up 44.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.61 EPS.

Rapid7 Inc opened for trading at $18.35 and hit $19.0496 on the upside on Tuesday, eventually ending the session at $18.61, with a gain of 3.05% or 0.55 points. The heightened volatility saw the trading volume jump to 4,01,505 shares. Company has a market cap of $783 M.

Rapid7 Inc. is a provider of security data and analytics solutions.The Company offers three solution groups: threat exposure management which includes its Nexpose Metasploit and AppSpider products; incident detection and response which include its UserInsight product and its incident response services and security advisory services. Its threat exposure management solutions reflect its evolution and enhancement of management tools to encompass a set of data including real-world threat information and analytics that facilitate systematic remediation. Its incident detection and response solutions offer customers a combination of product-based analytics as well as services to help detect attackers and respond to attacks once they are discovered. Its security advisory services help organizations implement and manage an analytics-driven security approach by looking at their security programs and providing them with advice related to prevention detection and correction.

Rapid7 Inc

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