Stock Track | Rapid7 Soars 5.65% Pre-Market on Strong Q3 Results, Upbeat Outlook

Stock Track11-07

Shares of Rapid7 Inc. (NASDAQ: RPD) surged 5.65% in pre-market trading on November 7, 2024, after the cybersecurity solutions provider reported better-than-expected third-quarter results and provided an optimistic outlook for the full year.

The Boston-based company reported revenue of $214.65 million for the quarter ended September 30, 2024, an 8% increase from the same period last year. Earnings per share (EPS) came in at $0.66, beating analysts' estimates of $0.52 and marking a significant improvement from the $0.50 EPS reported in Q3 2023.

Rapid7's strong performance was driven by a 17% year-over-year increase in international revenue, which now accounts for nearly a quarter of total revenue. The company also reported robust growth in its recurring product subscription revenue, which rose 8% year-over-year to $206 million. Additionally, Rapid7 maintained healthy margins, with a product gross margin of 76% and a total gross margin of 74% for the quarter.

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(NASDAQ: RPD) surged 5.65% in pre-market trading on November 7, 2024, after the cybersecurity solutions provider reported better-than-expected third-quarter results and provided ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RPD","symbol_name":"Rapid7, Inc.","start_time":0,"source_url":"","article_id":"1107640474","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1107640474","pubTimestamp":1730976742,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Rapid7 Inc.  surged 5.65% in pre-market trading on November 7, 2024, after the cybersecurity solutions provider reported better-than-expected third-quarter results and provided an optimistic outlook for the full year.The Boston-based company reported revenue of $214.65 million for the quarter ended September 30, 2024, an 8% increase from the same period last year. 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