Rapid7, Inc. (NASDAQ:RPD) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, RPD is expected to report 3Q20 loss of $ 0.04 per share from revenue of $ 101.86 million.
For the full year, analysts anticipate top line of $ 401.47 million, while looking forward to loss of $ 0.11 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ -0.06 ~ $ -0.04 per share, while revenues are expected in a range of $ 100.70 million ~ $ 102.30 million
Full Year 2020 topline are forecasted in a range of$ 399.00 million ~ $ 403.00 million, where as bottomline are predicted in a range of $ -0.14 ~ $ -0.10 per share
Click Here For More Historical Outlooks Of Rapid7, Inc.
Previous Quarter Performance
Rapid7, Inc. posted income for the second quarter of $ 0.05 per share, from the revenue of $ 98.91 million. The quarterly earnings expanded 150.00 percent while revenues increased 25.27 percent compared with the same quarter last year. The top line results outshined analysts by $ 3.83 million or 4.03 percent.
Stock Performance
Shares of Rapid7, Inc. traded up $ 1.52 or 2.44 percent on Tuesday, reaching $ 63.80 with volume of 346.60 thousand shares. Rapid7, Inc. has traded high as $ 64.00 and has cracked $ 62.01 on the downward trend
According to the previous trading day, closing price of $ 63.80, representing a 98.72 % increase from the 52 week low of $ 31.34 and a 8.09 % decrease over the 52 week high of $ 67.76.
The company has a market capital of $ 3.25 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 9th September 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 60.00 target price.
Conference Call
Rapid7, Inc. will be hosting a conference call at 4:30 PM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.rapid7.com
Rapid7, Inc. provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enable 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.
