Rapid7: Could Be Profitable In FY 2022 Despite Bear Market

Published by
ValueWalk

Rapid7, Inc. (NASDAQ:RPD), unlike most of its competitors in the cloud security space, has the very real possibility of turning a profit this year, which probably comes as a great surprise to many investors given the macro backdrop. The business has high APR growth a surging top line, and quality recurring revenues. Rapid7 Business OverviewRapid7 had a solid quarter last year. This business recorded a 38% YoY growth, with 92% of its revenues coming from existing customers. A major positive for the stock is the fact that security threats will always be a persistent problem for organizations of …

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