Cybersecurity software maker Rapid7 (NASDAQ:RPD) will be reporting results tomorrow after market close. Here's what to look for.
Rapid7 beat analysts' revenue expectations by 1.9% last quarter, reporting revenues of $205.3 million, up 11.3% year on year. It was a weak quarter for the company, with management forecasting growth to slow and a miss of analysts' billings estimates. It added 114 customers to reach a total of 11,526.
Is Rapid7 a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Rapid7's revenue to grow 11.4% year on year to $204 million, slowing from the 16.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.54 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Rapid7 has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 1.5% on average.
Looking at Rapid7's peers in the cybersecurity segment, only Tenable has reported results so far. It beat analysts' revenue estimates by 1.2%, delivering year-on-year sales growth of 14.4%. The stock traded up 0.4% on the results.
Read our full analysis of Tenable's earnings results here.Growth stocks have seen elevated volatility as investors debate the Fed's monetary policy, and while some of the cybersecurity stocks have fared somewhat better, they have not been spared, with share prices down 3.1% on average over the last month. Rapid7 is down 7.1% during the same time and is heading into earnings with an average analyst price target of $59.7 (compared to the current share price of $45.39).
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