
Adam Hejl 2023/05/10 1:02pm
What Happened: Shares of cybersecurity software maker Rapid7 (NASDAQ:RPD) fell 5.08% in the afternoon session after the company reported first-quarter results that exceeded analysts' revenue, and earnings per share estimates. Annual recurring revenue (ARR) was inline, and cash burn improved. However customer growth decelerated. In addition, revenue guidance for the next quarter was increased slightly but came in below Consensus. The full-year ARR and free cash flow guidance was maintained and roughly inline. This guidance assumes some ongoing macro headwinds as well as progress in sales execution initiatives that the company has been focused on. ... Continue Reading