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- Security analytics and automation provider Rapid7, Inc (NASDAQ:RPD) acquired IntSights Cyber Intelligence Ltd for $335 million in cash and stock.
- IntSights specializes in contextualized external threat intelligence and proactive threat remediation.
- It will help to provide customers with a unified view into threats, attack surface monitoring, relevant insights, and proactive threat mitigation for organizations.
- It also enhances Rapid7's cloud-native extended detection and response (XDR) offering, InsightIDR, by enabling alerts to ensure efficient security operations, earlier threat detection, and accelerated response times.
- Rapid7 held $503.8 million in cash and equivalents as of Mar. 31.
- Preliminary Results: Rapid7 anticipates Annualized Recurring Revenue to end the Q2 2021 at $489 million, growing 29% year-over-year.
- Additionally, Rapid7 expects revenue and non-GAAP income from operations for Q2 2021 to exceed the high-end of its previous guidance provided on May 6.
- The company now sees to top the high end of previous revenue guidance of $121.7 million- $123.3 million, versus the consensus of $122.6 million. Prior non-GAAP income from operations guidance was $4.3 million to $5.3 million.
- The prior non-GAAP EPS guidance was $0.02-$0.03, versus the analyst consensus of $0.02.
- Rapid7 will discuss full financial results on its Q2 earnings conference call on Aug. 4.
- Price action: RPD shares closed higher by 1.66% at $103.43 on Monday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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