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Rapid7 (RPD - Free Report) has rolled out its groundbreaking threat detection solution for public cloud environments. The artificial intelligence (AI)-based Cloud Anomaly Detection solution is designed to sift through false alerts from active threats, allowing organizations to identify genuine threats without wasting valuable time and resources.
In the face of dynamic threats, adaptability becomes crucial. The AI-enabled solution is built to continuously analyze the behavior of entities interacting within the cloud environment. This continual study enables it to discern potential threats from harmless elements. Upon detection, the platform initially responds autonomously before involving the investigation teams. The company has enhanced this solution by consolidating threat detection and mitigation tools into a single and more effective platform.
Rapid7 is launching fresh solutions, such as the introduction of the Executive Risk View solution and improvements to its Managed Detection and Response Service. Additionally, the company has broadened its InsightOps portfolio by incorporating advanced antivirus, forensics and incident response features. In its SecOps offerings, RPD is witnessing growth in cloud-based risk agreements, with an increasing count of customers making long-term commitments.
The company is continuously focusing on expanding its portfolio through partnerships and acquisitions. In February 2023, Rapid7 teamed up with the University of South Florida to establish a cyber threat intelligence laboratory. It also acquired Minerva Labs, Ltd., a prominent provider of anti-evasion and ransomware prevention technology. Additionally, the company has technology partners that include industry leaders like IBM, Microsoft, Splunk, Atlassian, CyberArk and Amazon Web Services.
Rapid7’s strong customer traction and product offerings are driving its top and bottom-line results. In the last reported financial results for the third quarter of 2023, the company’s total revenues increased 14% year over year, while adjusted EPS jumped 257%.
Zacks Rank and Other Stocks to Consider
Currently, Rapid7 carries a Zacks Rank #2 (Buy). Shares of RPD have gained 54.2% year to date.
The Zacks Consensus Estimate for NVDA’s third-quarter fiscal 2024 earnings has been revised by 2 cents northward to $3.36 per share in the past seven days. For fiscal 2024, earnings estimates have increased by 7 cents to $10.90 in the past seven days.
NVIDIA's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 9.8%. Shares of NVDA have rallied 244.9% year to date.
The Zacks Consensus Estimate for NetEase's fourth-quarter 2023 earnings has been revised upward by 9 cents to $1.73 per share in the past 30 days. For fiscal 2023, earnings estimates have increased by 42 cents to $6.96 per share in the past 30 days.
NTES' earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 16.63%. Shares of NTES have gained 63.1% year to date.
The Zacks Consensus Estimate for Dropbox's fourth-quarter 2023 earnings has remained unchanged for the past 90 days at 48 cents per share. For fiscal 2023, earnings estimates have been revised 7 cents upward to $1.96 per share in the past 30 days.
DBX’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 13.14%. Shares of DBX have climbed 23.8% year to date.
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Rapid7 (RPD) Unveils AI-Based Cloud Anomaly Detection Solution
Rapid7 (RPD - Free Report) has rolled out its groundbreaking threat detection solution for public cloud environments. The artificial intelligence (AI)-based Cloud Anomaly Detection solution is designed to sift through false alerts from active threats, allowing organizations to identify genuine threats without wasting valuable time and resources.
In the face of dynamic threats, adaptability becomes crucial. The AI-enabled solution is built to continuously analyze the behavior of entities interacting within the cloud environment. This continual study enables it to discern potential threats from harmless elements. Upon detection, the platform initially responds autonomously before involving the investigation teams. The company has enhanced this solution by consolidating threat detection and mitigation tools into a single and more effective platform.
Rapid7 is launching fresh solutions, such as the introduction of the Executive Risk View solution and improvements to its Managed Detection and Response Service. Additionally, the company has broadened its InsightOps portfolio by incorporating advanced antivirus, forensics and incident response features. In its SecOps offerings, RPD is witnessing growth in cloud-based risk agreements, with an increasing count of customers making long-term commitments.
Rapid7, Inc. Price and Consensus
Rapid7, Inc. price-consensus-chart | Rapid7, Inc. Quote
The company is continuously focusing on expanding its portfolio through partnerships and acquisitions. In February 2023, Rapid7 teamed up with the University of South Florida to establish a cyber threat intelligence laboratory. It also acquired Minerva Labs, Ltd., a prominent provider of anti-evasion and ransomware prevention technology. Additionally, the company has technology partners that include industry leaders like IBM, Microsoft, Splunk, Atlassian, CyberArk and Amazon Web Services.
Rapid7’s strong customer traction and product offerings are driving its top and bottom-line results. In the last reported financial results for the third quarter of 2023, the company’s total revenues increased 14% year over year, while adjusted EPS jumped 257%.
Zacks Rank and Other Stocks to Consider
Currently, Rapid7 carries a Zacks Rank #2 (Buy). Shares of RPD have gained 54.2% year to date.
Some other top-ranked stocks from the broader technology sector are NVIDIA (NVDA - Free Report) , NetEase (NTES - Free Report) and Dropbox (DBX - Free Report) , each flaunting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NVDA’s third-quarter fiscal 2024 earnings has been revised by 2 cents northward to $3.36 per share in the past seven days. For fiscal 2024, earnings estimates have increased by 7 cents to $10.90 in the past seven days.
NVIDIA's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 9.8%. Shares of NVDA have rallied 244.9% year to date.
The Zacks Consensus Estimate for NetEase's fourth-quarter 2023 earnings has been revised upward by 9 cents to $1.73 per share in the past 30 days. For fiscal 2023, earnings estimates have increased by 42 cents to $6.96 per share in the past 30 days.
NTES' earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 16.63%. Shares of NTES have gained 63.1% year to date.
The Zacks Consensus Estimate for Dropbox's fourth-quarter 2023 earnings has remained unchanged for the past 90 days at 48 cents per share. For fiscal 2023, earnings estimates have been revised 7 cents upward to $1.96 per share in the past 30 days.
DBX’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 13.14%. Shares of DBX have climbed 23.8% year to date.