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Rapid7, Inc. (RPD) provides analytics solutions for security and information (IT) operations.
Its vulnerability management solutions include InsightVM and Nexpose, which enables customers to assess and remediate their overall exposure to cyber risk; InsightAppSec, an insight platform based solution; AppSpider, an application security testing solution; and Metasploit, a penetration testing software solution.
The company's incident detection and response solutions comprise InsightIDR, an insight platform based solution; Managed Detection and Response, an outsourced service; and incident response services that offer customers with access to security experts and experience.
In addition, it provides Logentries, a cloud-based solution for collecting, searching, visualizing, and analyzing log data, as well as enables organizations to store and search data; InsightOps, an IT operations solution to centralize machine data from organizations' IT environments for operational awareness and control; and Komand, a solution, which is designed to automatically identify risks, respond to incidents, and address issues.
Further, the company provides security advisory services, such as cyber security maturity assessment, incident response program development, penetration testing, security program development, Virtual CISO, IoT security, and threat modeling services. It offers its products through a combination of perpetual and term software licenses, cloud-based subscriptions, and managed services.
The company serves clients in technology, energy, financial services, healthcare and life sciences, manufacturing, media and entertainment, retail, education, real estate, transportation, government, and professional services industries through sales teams, and indirect channel partner relationships, as well as directly in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Shares have formed a bullish "cup and handle" and are ready to move higher out of this formation. On May 2nd, the company reported a 1st Quarter March 2019 loss of $0.16 per share on revenue of $73.2 million. The consensus estimate was a loss of $0.22 per share on revenue of $70.0 million. Revenue grew 34.2% on a year-over-year basis.
The company said it expects a second quarter non-GAAP loss of $0.08 to $0.06 per share on revenue of $74.3 million to $75.9 million. The current consensus estimate is a loss of $0.03 per share on revenue of $73.9 million for the quarter ending June 30, 2019. The company also said it expects 2019 earnings of approximately $0.05 per share on revenue of $312.0 million to $318.0 million. The company's previous guidance was results to range from breakeven to earnings of $0.05 per share on revenue of $304.0 million to $312.0 million and the current consensus estimate is earnings of $0.05 per share on revenue of $309.6 million for the year ending December 31, 2019.
Entry Point: $57.00
Stop Loss: $54.00
Trading Range: $26.27 - $58.74
Target Price: $62.70
RPD closed at $63.56
