Rapid7, Inc. (RPD) – Restructuring and optimizing for growth

Rapid7, Inc. (RPD) (Q2FY23)

Stock Performance: Rapid7 stock price showed a downward trend in the past 3-month period and gave positive 14% returns. The price increased by 10% in the past 1 year. It had a 52-week high of $55.61 and a 52-week low is $26.49.

Quarter Performance : In Q2FY23, RPD’s revenue increased by 14% to $190.4mn from $167.5mn in Q2FY22 and the COGS increased by 7% to $58.2mn from $54.3mn in the same period

Guidance: For Q3FY23, Rapid7 expects total revenue to be in the range of $196mn to $198mn, which is roughly 12% growth. Non- GAAP operating income to be in a range of $29mn to $31mn. Non-GAAP earnings per share are to be in the range of $0.41 to $0.44 for Q3FY23.

Highlights

Rapid7 has recently introduced a strategic restructuring initiative, involving ~18% reduction in its global workforce. This strategic move is designed to enhance operational efficiency, drive cost reductions, and reposition the company to leverage its key growth opportunities.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 35

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