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BOSTON - Cybersecurity company Rapid7, Inc. (NASDAQ:RPD) introduced Curated Intelligence Rules for AWS Network Firewall on Thursday, a new offering that delivers threat intelligence directly into customers' AWS environments. The company, currently valued at approximately $889 million, has seen its shares decline over 66% year-to-date despite maintaining profitability in recent quarters.
The solution aims to address the operational challenges security teams face when manually managing and updating firewall rules to keep pace with evolving threats. According to the company's press release statement, the new offering converts indicators of compromise into rule groups that can be implemented within AWS Network Firewall.
The rules focus on quality over quantity, emphasizing meaningful detection aligned with current threats to reduce alert fatigue. The intelligence is derived from various sources including honeypot data, proprietary research, and insights from Rapid7's open source initiatives.
"Integrating our Curated Intelligence Rules directly with AWS Network Firewall transforms world-class threat intelligence into instant, actionable protection," said Craig Adams, chief product officer at Rapid7.
The company states the solution can help organizations block command and control communication from known ransomware families, detect network reconnaissance activity, prevent data exfiltration, and identify traffic to malicious domains used in phishing campaigns.
Rapid7's system includes a proprietary "Decay Scoring" mechanism that automatically retires rules when an indicator of compromise passes a certain threshold, ensuring the delivered intelligence remains current.
The announcement comes as Rapid7's Q3 Threat Landscape Report identified numerous threat actor campaigns exploiting software vulnerabilities, with cybercriminals accelerating the pace of vulnerability exploitation following disclosure.
In other recent news, Rapid7's third-quarter earnings report revealed mixed results, with Annual Recurring Revenue (ARR) falling below expectations. The company reported ARR of $837.7 million, marking a 2% year-over-year increase but missing the consensus estimate of $841.2 million. Despite these challenges, Rapid7's Detection and Response segment maintained momentum, particularly with Managed Detection and Response (MDR) achieving double-digit growth rates. Analyst firms have responded with a series of price target adjustments and ratings changes. Stifel lowered its price target to $18 while maintaining a Hold rating, citing mixed earnings results. DA Davidson reduced its target to $14, maintaining an Underperform rating due to the ARR miss. Piper Sandler also cut its price target to $19, keeping a Neutral rating on the stock. Additionally, Jefferies downgraded Rapid7 from Buy to Hold, adjusting its price target to $19 due to execution concerns. Berenberg initiated coverage with a Hold rating and a $16 price target, noting significant shifts in the company's market position over the past two years.
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