$RPD

Rapid7 stock surged 13.2% after reporting better-than-expected Q2 2026 results, raising full-year EPS guidance by 15.7% to $1.81. Analysts increased price targets, with Citi at $13 and Susquehanna at $15. The company announced a 12% workforce reduction and expects $130M in free cash flow. The broader market's risk-on sentiment also supported the rise.

Rapid7 revealed a crypto phishing campaign, Operation Asterix, targeting 885,000 phone numbers to steal assets. The campaign impersonated wallet providers like Ledger and Crypto.com, with 5,576 Binance accounts matched for attack. Phishing drove $306M of crypto losses in Q1, per Hacken. The campaign had a 13.6% hit rate, using AI tools for validation.

Rapid7 (RPD) reported Q2 earnings with a 1% YoY ARR growth to $824M, driven by 5% YoY growth in detection and response. Profitability beat guidance with non-GAAP operating income of $28.9M. The company cut 12% of its workforce to improve margins. However, total ARR and revenue declined, with Q3 ARR guided down to $812M. Management raised full-year non-GAAP operating income guidance to $129M-$133M. The stock trades at a forward P/E of 6.88.

Rapid7 discovered a phishing campaign targeting crypto users, using AI tools to create fake wallet apps and impersonate support. The operation involved 885,000 phone numbers, with a high success rate in identifying CryptoCom accounts. AI tools like GitHub Copilot and Claude Code were used to streamline the process. The campaign highlights the dual-use of AI in both legitimate and malicious activities within the crypto sector.

Rapid7 (NASDAQ: RPD) reported in its Q2 2026 Quarterly Threat Landscape Report that newly exploited vulnerabilities rose from 8% to 40%. It said 62% of newly exploited flaws required no user interaction or authentication. Rapid7 also cited higher high and critical disclosures (8,539), critical vulnerabilities up 21% QoQ, and ransomware victims concentrated in the US (881) versus Germany (99).

Rapid7 (RPD) reported Q2 FY2026 total ARR of $824 million, down 2% year over year, and revenue of $210.9 million, down 1.5%. Core platform ARR grew 1% and Detection and Response ARR grew 5%. Non-GAAP operating income was $28.9 million, free cash flow $31.9 million. FY2026 revenue guidance is $837–$841 million.

Stocks including Rapid7 (RPD), ServiceNow (NOW), and monday.com (MNDY) fell after Bloomberg reported Anthropic’s preliminary Q2 revenue above $11.5B, which the market viewed as evidence AI coding tools are generating real sales. The article notes software had bounced after Microsoft’s July 22 results and cites monday.com’s YTD decline and volatility.

Rapid7 reported Q2 results and management said performance reflected a focus on core security offerings and operational changes. CEO Wael Mohamed cited portfolio streamlining and resource alignment behind detection and response, plus exposure management, supporting margin improvement. Analysts asked about exposure management features, restructuring timing, non-core product migration, pipeline and win rates, and restructuring costs. Rapid7 stock was $12.87.

After July Producer Price Index came in flat month over month, below expectations, and earlier CPI showed 0.1% monthly growth with annual inflation cooling to 3.4%, several software stocks rose. The article cites Rapid7 (RPD) up 3.6%, Tenable (TENB) up 3.2%, Marqeta (MQ) up 1.1%, Doximity (DOCS) up 0.3%, and 8x8 (EGHT) up 0.2%.

Simply Wall St reports Rapid7 (RPD) fair value rose from $8.20 to $11.71 per share after analysts lifted targets, citing margin focus and Core Platform strategy. New targets cluster around $9 to $15. Assumptions include a smaller revenue decline, slightly lower profit margins, and higher forward P/E.