Description

Rapid7, Inc: How It Dominates with Managed Detection & Response: The Secret Weapon in Cybersecurity! 

Rapid7’s financial performance in the third quarter of 2024 demonstrates both strengths and challenges in its business operations, as outlined during their earnings call. Starting with the positive aspects, Rapid7 ended the quarter with an annual recurring revenue (ARR) of $823 million, representing a 6% year-over-year growth. This ARR growth was primarily driven by their threat detection and response sector, which continued to show robust double-digit growth. The company’s consolidated offerings, especially in threat detection and risk management, showed strong demand, accounting for over $175 million in ARR. Notably, customers utilizing Rapid7’s consolidated offerings typically have an average ARR of about $150,000, underscoring the increased value these customers provide.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

Want unlimited access to our reports? Purchase our $99 annual subscription!