Rapid7, Inc. (NASDAQ:RPD) updated its FY17 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ($0.68)-(0.62) for the period, compared to the Thomson Reuters consensus estimate of ($0.78). The company issued revenue guidance of $192-198 million, compared to the consensus revenue estimate of $191.35 million.Rapid7 also updated its Q1 guidance to ($0.26)-(0.24) EPS.
Several brokerages have recently weighed in on RPD. Zacks Investment Research raised shares of Rapid7 from a sell rating to a hold rating in a research note on Tuesday, December 20th. Royal Bank Of Canada began coverage on shares of Rapid7 in a research note on Friday, October 14th. They issued an outperform rating and a $19.00 target price on the stock. Finally, RBC Capital Markets began coverage on shares of Rapid7 in a research note on Friday, October 14th. They issued an outperform rating and a $19.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $19.43.
Rapid7, Inc. (NASDAQ:RPD) opened at 12.56 on Friday. The company’s market capitalization is $516.54 million. The firm’s 50-day moving average is $12.59 and its 200 day moving average is $14.44. Rapid7, Inc. has a one year low of $10.63 and a one year high of $19.29.
Rapid7 (NASDAQ:RPD) last announced its quarterly earnings results on Thursday, February 9th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.14. The firm had revenue of $45 million for the quarter, compared to analysts’ expectations of $42.96 million. Rapid7 had a negative net margin of 41.53% and a negative return on equity of 101.12%. The company’s revenue was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.31) EPS. On average, equities analysts expect that Rapid7, Inc. will post ($0.85) EPS for the current fiscal year.
In related news, insider Lee David Weiner sold 15,000 shares of the business’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $12.00, for a total value of $180,000.00. Following the sale, the insider now directly owns 44,235 shares in the company, valued at approximately $530,820. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 55.30% of the company’s stock.
Rapid7 Company Profile
Rapid7, Inc is a provider of security data and analytics solutions that enable organizations to implement an active approach to cyber security. The Company’s Rapid7 Insight Platform is a security data and analytics platform that provides solutions to cyber security that enables organizations to find and eliminate critical weaknesses and detect attacks in their information technology (IT) environments.