Fed’s Powell opens door to potential rate cuts at Jackson Hole
BOSTON - Cybersecurity firm Rapid7, Inc. (NASDAQ:RPD), a $1.43 billion market cap company with robust gross margins of 71%, announced today the availability of its exposure management capabilities in the new AI Agents and Tools category of AWS Marketplace, enabling customers to secure artificial intelligence applications. According to InvestingPro data, the company is currently trading near its 52-week low, despite expectations of net income growth this year.
The company’s InsightCloudSec and InsightAppSec solutions are now accessible through AWS Marketplace, allowing organizations to discover, purchase and deploy AI security tools using their existing AWS accounts.
InsightCloudSec provides real-time cloud posture and risk assessment to secure cloud infrastructure resources supporting AI and machine learning systems. Meanwhile, InsightAppSec offers automated testing and attack simulation for large language models (LLMs) embedded in web applications to identify vulnerabilities in public-facing AI solutions.
"We’re seeing customers move quickly to adopt generative AI—and with that comes a responsibility to ensure it’s done securely," said Craig Adams, chief product officer at Rapid7, according to the press release.
The solutions align with the OWASP Top 10 security framework to address common attack vectors. They provide visibility into which users have access to AI resources and help enforce least privilege access principles.
Both tools are components of Rapid7’s broader Exposure Command offering, which helps organizations detect and prioritize security exposures across their technology environment.
The addition to AWS Marketplace aims to streamline procurement processes for organizations implementing AI security measures. Customers can maintain centralized visibility and control over licensing, payments and access through their AWS accounts.
Rapid7 currently serves more than 11,000 global customers with its cybersecurity solutions, generating annual revenues of $849 million. For deeper insights into Rapid7’s financial health and growth prospects, including exclusive ProTips and comprehensive analysis, check out the detailed Pro Research Report available on InvestingPro.
In other recent news, Rapid7 reported first-quarter earnings that exceeded analyst expectations, with adjusted earnings per share of $0.43 compared to the consensus forecast of $0.34. The company also saw a 3% year-over-year increase in revenue, reaching $210.25 million, surpassing projections of $208.24 million. Despite these positive results, Rapid7’s guidance for the rest of the year was less optimistic, with expected second-quarter revenue growth of just 1-2% and full-year revenue projections between $853 million and $863 million.
Analysts have reacted to these developments with varied adjustments to Rapid7’s stock price targets. Canaccord Genuity lowered its price target to $39 but maintained a Buy rating, citing the company’s potential for acquisition. Stifel, on the other hand, reduced its target to $29 and kept a Hold rating, pointing to mixed first-quarter results and macroeconomic challenges. Truist Securities also cut its price target to $28, maintaining a Hold rating due to ongoing pressures in the Vulnerability Management sector.
Piper Sandler adjusted its price target to $30, maintaining a Neutral rating, and highlighted the company’s challenges with Annual Recurring Revenue (ARR) falling short of expectations. Despite these challenges, Rapid7’s management remains optimistic about future growth, focusing on new offerings and strategic expansions, including a global capacity center in India. The company projects full-year ARR growth of 1-5%, alongside a forecasted free cash flow of $125 million to $135 million for 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.