Wall Street analysts expect Rapid7 Inc (NASDAQ:RPD) to report $46.35 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Rapid7’s earnings, with the lowest sales estimate coming in at $46.1 million and the highest estimate coming in at $46.78 million. Rapid7 posted sales of $37.27 million in the same quarter last year, which would indicate a positive year over year growth rate of 24.4%. The company is scheduled to issue its next quarterly earnings report on Monday, August 14th.
According to Zacks, analysts expect that Rapid7 will report full-year sales of $46.35 million for the current year, with estimates ranging from $194.6 million to $198 million. For the next fiscal year, analysts anticipate that the business will post sales of $238.83 million per share, with estimates ranging from $232.2 million to $245.2 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Rapid7.
Rapid7 (NASDAQ:RPD) last issued its earnings results on Tuesday, May 9th. The technology company reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by $0.01. The business had revenue of $45.20 million for the quarter, compared to analyst estimates of $44.01 million. Rapid7 had a negative return on equity of 87.64% and a negative net margin of 31.12%. The firm’s revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.23) EPS.
A number of equities analysts recently weighed in on RPD shares. Royal Bank of Canada reissued a “buy” rating and set a $19.00 price objective on shares of Rapid7 in a report on Friday, March 31st. Barclays PLC raised their price objective on Rapid7 to $17.00 and gave the company a “buy” rating in a report on Friday, February 10th. Zacks Investment Research raised Rapid7 from a “sell” rating to a “hold” rating in a report on Wednesday, January 11th. Finally, Cowen and Company reissued a “hold” rating and set a $11.50 price objective on shares of Rapid7 in a report on Friday, April 14th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Rapid7 presently has an average rating of “Buy” and an average price target of $17.92.
A number of institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC bought a new position in shares of Rapid7 during the fourth quarter worth approximately $832,000. J. Goldman & Co LP bought a new position in shares of Rapid7 during the fourth quarter worth approximately $488,000. Trexquant Investment LP bought a new position in shares of Rapid7 during the fourth quarter worth approximately $752,000. Thornburg Investment Management Inc. boosted its position in shares of Rapid7 by 30.3% in the fourth quarter. Thornburg Investment Management Inc. now owns 592,614 shares of the technology company’s stock worth $7,212,000 after buying an additional 137,771 shares during the period. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Rapid7 during the fourth quarter worth approximately $154,000. 67.22% of the stock is currently owned by institutional investors and hedge funds.
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Rapid7 (NASDAQ:RPD) opened at 17.99 on Friday. The firm’s 50-day moving average price is $15.89 and its 200 day moving average price is $13.98. Rapid7 has a 52 week low of $10.63 and a 52 week high of $19.29. The firm’s market cap is $755.02 million.
Rapid7 Company Profile
Rapid7, Inc is a provider analytics for security and information technology (IT) operations that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The Company’s analytics enable organizations to contextualize and prioritize the threats facing their physical, virtual and cloud assets, including those posed by the behaviors of their users.
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