Cybersecurity software provider Rapid7 (NASDAQ:RPD) will be announcing earnings results this Wednesday afternoon. Here’s what to expect.
Rapid7 beat analysts’ revenue expectations last quarter, reporting revenues of $210.9 million, down 1.5% year on year. It was a satisfactory quarter for the company, with EPS guidance for next quarter exceeding analysts’ expectations but a significant miss of analysts’ billings estimates.
Is Rapid7 a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Rapid7’s revenue to decline 4.1% year on year, a reversal from the 1.5% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Rapid7 has a history of exceeding Wall Street’s expectations.
Looking at Rapid7’s peers in the cybersecurity segment, only Tenable has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 9.5%. The stock traded up 7.3% on the results.
Read our full analysis of Tenable’s earnings results here.There has been positive sentiment among investors in the cybersecurity segment, with share prices up 4.2% on average over the last month. Rapid7 is up 19.1% during the same time and is heading into earnings with an average analyst price target of $12.08 (compared to the current share price of $14.79).
ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable.
These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.