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    RPD   US7534221046

RAPID7, INC.

(RPD)
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Delayed Nasdaq  -  04:00 2022-08-09 pm EDT
64.98 USD   -2.91%
08/04RAPID7, INC. Management's Discussion and Analysis of Financial Condition and Results of Operations. (form 10-Q)
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08/04Piper Sandler Lowers Rapid7's Price Target to $90 From $95, Maintains Overweight Rating
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08/04KeyBanc Lowers Rapid7's Price Target to $86 From $92, Maintains Overweight Rating
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Rapid7 : Company Presentation - Q2 2022

08/03/2022 | 04:41pm EDT

August 3, 2022

Company Overview

Disclaimers

This presentation contains forward-looking statements. All statements contained in this presentation other than statements of historical facts, including, without limitation, statements regarding our market opportunity, demand for our product and service offerings, expectations regarding our annualized recurring revenue (ARR) and growth, ARR opportunity for an average-sized customer, ARR growth per customer, revenue growth, non-GAAP operating margin expansion, free cash flow, and our other non-GAAP measures, our business strategy, plans and objectives for future operations and expectations regarding non-GAAP targets, our future financial and business performance for the third quarter and full-year 2022 and the assumptions underlying such guidance, are forward-looking statements. Our use of the words "anticipate," "believe," "continue," "estimate," "expect," "intend," "may," "will" and similar expressions are intended to identify forward-looking statements. The events described in our forward-looking statements are subject to a number of risks and uncertainties, assumptions and other factors that could cause actual results and the timing of certain events to differ materially from future results expressed or implied by the forward-looking statements. Risks that could cause or contribute to such differences include, but are not limited to, growing macroeconomic uncertainty, unstable market and economic conditions, risks arising from the ongoing COVID-19 pandemic, fluctuations in our quarterly results, failure to meet our publicly announced guidance or other expectations about our business, our rapid growth and ability to sustain our revenue growth rate, the ability of our products and professional services to correctly detect vulnerabilities, competition in the markets in which we operate, market growth, our ability to innovate and manage our growth, our ability to integrate acquired companies, including IntSights, our ability to operate in compliance with applicable laws as well as other risks and uncertainties set forth in the "Risk Factors" section of our most recent Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (SEC) on May 5, 2022 and in the subsequent reports that we file with the SEC. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those expressed in any forward-looking statements we may make. Except as required by law, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this presentation.

This presentation also contains estimates and other statistical data made by independent parties and by us relating to market size and growth and other data about our industry. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. Neither we nor any other person makes any representation as to the accuracy or completeness of such data or undertakes any obligation to update such data after the date of this presentation. In addition, projections, assumptions and estimates of our future performance and the future performance of the markets in which we operate are necessarily subject to a high degree of uncertainty and risk.

This presentation also contains certain non-GAAP financial measures as defined by the SEC rules. These non-GAAP financial measures are in addition to, and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP. There are a number of limitations related to the use of these non-GAAP financial measures versus their nearest GAAP equivalents. For example, other companies may calculate non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. Please refer to our August 3, 2022 press release for additional information as to why we believe these non-GAAP financial measures are useful to investors and others in assessing our operating results. As required by Regulation G, we have provided a reconciliation of those measures to their most directly comparable GAAP measures, which is available in the end notes to this presentation. However, the reconciliation of non-GAAP guidance measures to the most comparable GAAP measures does not reflect any items that are unknown at this time, such as litigation-related expenses, which we are not able to predict without unreasonable effort due to their inherent uncertainty.

2

Rapid7 Snapshot

Strong Recurring

High Quality

Attractive

Investing in

Revenue Growth

of Revenue

Customer

Profitable

Economics

Growth

ARR growth of

Recurring revenue

35%

94%

18%

Expansion of Non-GAAP

Operating Margin and

YoY 1

of total revenue 1

YoY growth in ARR per

Free Cash Flow

Projected in 2022 2

customer 1

24%

29%

Attractive Prospects

Projecte

d ARR growth of

in 2022 2

Projected Revenue growth of

in 2022 2

  • As of Q2 2022
  • Based on FY 2022 guidance provided as of August 3, 2022. Growth rates are at the mid-point of the guidance range.

3

Managing Risk and Enabling Innovation

Data keeps our

connected society

functioning.

Accelerated change makes it tougher to stay ahead of risks.

We trust security teams to protect our data.

Security needs to keep up with the pace of innovation.

Organizations need best-in-class security that is both

sophisticated and accessible.

4

Delivering on

Our Mission

Make the most successful security technologies and practices accessible to all.

Best-in-Class Technology

Unite teams and tools with award-winning cloud products delivering visibility, analytics, and automation.

Unified Cloud Platform

Enrich customer experiences with broad environment visibility, seamless integrations and ease of scaling.

Expertise & Community

Deliver leading products and expertise built on insights from our experienced security researchers and the security community.

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Rapid7 Inc. published this content on 03 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2022 20:35:23 UTC.


© Publicnow 2022
All news about RAPID7, INC.
08/04RAPID7, INC. Management's Discussion and Analysis of Financial Condition and Results o..
AQ
08/04Piper Sandler Lowers Rapid7's Price Target to $90 From $95, Maintains Overweight Rating
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08/04KeyBanc Lowers Rapid7's Price Target to $86 From $92, Maintains Overweight Rating
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08/04Goldman Sachs Lowers Rapid7's Price Target to $90 From $97, Maintains Neutral Rating
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08/04Stifel Lowers Rapid7's Price Target to $85 From $105, Maintains Buy Rating
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08/04Morgan Stanley Adjusts Price Target on Rapid7 to $80 From $95, Keeps Equalweight Rating
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08/04Citigroup Adjusts Price Target on Rapid7 to $78 From $80, Maintains Neutral Rating
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08/04Barclays Adjusts Price Target on Rapid7 to $80 From $92, Reiterates Overweight Rating
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Analyst Recommendations on RAPID7, INC.
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Financials (USD)
Sales 2022 688 M - -
Net income 2022 -143 M - -
Net Debt 2022 492 M - -
P/E ratio 2022 -27,0x
Yield 2022 -
Capitalization 3 814 M 3 814 M -
EV / Sales 2022 6,26x
EV / Sales 2023 5,05x
Nbr of Employees 2 353
Free-Float 97,5%
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Technical analysis trends RAPID7, INC.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 64,98 $
Average target price 86,43 $
Spread / Average Target 33,0%
EPS Revisions
Managers and Directors
Corey Eugene Thomas Chairman & Chief Executive Officer
Andrew Frank Burton President & Chief Operating Officer
Timothy M. Adams Chief Financial & Accounting Officer
Tas Giakouminakis Chief Technology Officer
J. Benjamin H. Nye Lead Independent Director
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