Last Updated: 09 Nov 2024
Executive Summary
Rapid7 Inc. (RPD) is a leading provider of cybersecurity solutions. The company's latest stock price is $40.54, with a market capitalization of $2.56 billion. Rapid7 has reported strong financial performance in recent quarters, with revenue growth of 8% year-over-year and earnings per share of $0.70. The company's profitability metrics are also strong, with a gross margin of 56.5% and an operating margin of 6.6%.
Company Overview
Rapid7 was founded in 2000 and is headquartered in Boston, Massachusetts. The company provides a range of cybersecurity solutions, including vulnerability management, incident response, and threat intelligence. Rapid7's customers include a wide range of organizations, from small businesses to large enterprises.
Fundamental Analysis
Rapid7's financial performance has been strong in recent years. The company's revenue has grown from $470.7 million in 2019 to $833.0 million in 2023. Earnings per share have also increased from $0.40 in 2019 to $0.70 in 2023. Rapid7's profitability metrics are also strong, with a gross margin of 56.5% and an operating margin of 6.6%.
Technical Analysis
Rapid7's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The relative strength index (RSI) is also above 50, indicating that the stock is in a bullish trend.
Short Term Outlook
Rapid7's stock price is expected to continue to trend higher in the short term. The company's strong financial performance and positive technical indicators suggest that the stock is likely to continue to outperform the market.
Long Term Outlook
Rapid7's long-term outlook is also positive. The company is a leader in the growing cybersecurity market. The company's strong financial performance and positive technical indicators suggest that the stock is likely to continue to perform well over the long term.
Analyst Recommendations
Analysts are bullish on Rapid7's stock. The consensus analyst rating is "buy." The average analyst target price is $43.43, which represents a potential upside of 7.1% from the current price.
