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Tag: Rapid7 stock

  • Rapid7 (RPD) Surges In Extended Session Following Cybersecurity Advancements

    Rapid7 (RPD) Surges In Extended Session Following Cybersecurity Advancements

    Rapid7, Inc. (NASDAQ: RPD) saw a notable rise in its stock price during the after-market session last Friday, with shares climbing 4.95% to reach $39.21. This gain followed a stable close at $37.36, reflecting a 0.97% increase during regular trading hours. The upward movement was driven by RPD’s recent enhancements in its cybersecurity solutions.

    Improving the Managed Threat Complete (MTC) System

    As part of its Managed Detection and Response (MDR) services, Rapid7 (RPD) unveiled significant enhancements to its Managed Threat Complete (MTC) solution last week. RPD declared that it is bolstering its defense-in-depth approach with the addition of third-party detections.

    Prominent products including Microsoft Defender for Endpoint, SentinelOne Singularity Endpoint, and CrowdStrike Falcon now have extended support thanks to these improvements. Rapid7 has made its security products more comprehensive by adding third-party endpoint detections.

    More Comprehensive Attack Surface Tracking

    By combining and correlating different telemetry across various dimensions, including as network, user, cloud, and endpoint data, Rapid7’s MDR solution is intended to go beyond endpoint security.

    By using a more comprehensive approach to monitoring, the organization may spot threats more quickly and effectively by conducting a more in-depth examination and responding accordingly. The inclusion of third-party support in MTC enhances the company’s ability to monitor the extended ecosystem, enabling rapid and accurate threat identification.

    Enhanced Operational Performance

    Rapid7’s cutting-edge Security Information and Event Management (SIEM) software forms the basis of their strategy. This advanced system processes a wide range of telemetry, operationalizing Rapid7’s Security Operations Center (SOC) expertise. The result is unparalleled visibility and efficiency in managing threats.

    By integrating third-party detection, Rapid7 deepens its ability to monitor the entirety of a customer’s environment, reducing noise and improving detection efficacy across all phases of the MITRE ATT&CK framework.

    Accelerated Incident Response

    With enhanced visibility and improved threat intelligence, Rapid7’s SOC analysts can respond more quickly to security incidents, ensuring threats are eradicated swiftly. This broader telemetry, covering endpoints, networks, identity, and cloud environments, allows RPD to deliver a more effective and confident defense for its customers.

  • Rapid7 (RPD) Stock Saw An Uptick After Analyst Upgrade

    Rapid7 (RPD) Stock Saw An Uptick After Analyst Upgrade

    The shares of Rapid7, Inc. (NASDAQ: RPD) demonstrated a notable upswing, surging by 8.93% to reach $51.35 during the preceding trading session. This surge in the value of Rapid7’s stock was instigated by an encouraging assessment from financial analysts. Specifically, the analyst firm, Wolfe Research, elevated its recommendation for RPD stock, upgrading it from “Peer Perform” to “Outperform” on the last Friday. Nevertheless, the firm kept the price target for the stock at $56.

    Rapid7 (RPD) has recently announced that it’s Managed Detection and Response (MDR) service. This service now boasts multifaceted endpoint prevention and forensics capabilities, powered by its cutting-edge Insight Agent. The Insight Agent was already recognized for its prowess in vulnerability scanning, highly effective threat detection, and prompt containment actions.

    With the integration of next-generation antivirus (NGAV) and the digital forensics and incident response (DFIR) capabilities from Velociraptor, customers will be empowered to further streamline and maximize their investments, mitigating complexity, enhancing effectiveness, and optimizing core endpoint protection functions.

    In a context where Security Operations Center (SOC) teams confront an ever-expanding attack surface encompassing endpoints and the cloud, they often find themselves ensnared in a cycle of reactive procedures. This not only leads to burnout but, at times, results in recurring security breaches due to the failure to comprehensively address previous incidents.

    Rapid7’s MDR clientele will enjoy the additional benefits of reducing endpoint security expenses and complexities within their SOC. The integration of Velociraptor’s DFIR and next-generation antivirus capabilities will empower customers to assert control over the dynamic threat landscape, heightening levels of security protection.

    The DFIR capability now integrated into the RPD agent leverages the collaborative efforts of the Velociraptor open source community to detect and eliminate threats in real-time. Employing an expressive query language, as opposed to coding, Velociraptor facilitates the swift sharing of custom threat detections among security professionals. This strengthens the collective knowledge of the security community and enables teams to swiftly identify emerging threats.

    With this expansion, Rapid7 is positioned to provide comprehensive coverage throughout the entire threat lifecycle, encompassing vulnerability assessment, prevention, highly effective threat detection, containment, and remediation. Rapid7 remains steadfast in its commitment to offer a holistic endpoint solution, addressing one of the most pervasive threats of ransomware being faced by organizations today.

    The company’s strategic plans involve incorporating capabilities from its acquisition of Minerva Labs Ltd. to enhance its capacity to identify and thwart advanced attacker behaviors, thus proactively blocking malware before it can execute its malicious intentions.

  • Early Morning Vibes: 4 Stocks We Like for Tuesday Trading

    Early Morning Vibes: 4 Stocks We Like for Tuesday Trading

    Major US stock indices fell 1.3-1.5% on the first day of trading in 2021.

    The broad market S&P 500 index fell 1.48% to 3700.65 points, the industrial Dow Jones Industrial Average fell 1.25% to 30223.89 points, and the technological NASDAQ dropped 1.47% 12698.45 points.
     

    Despite the general optimistic sentiment of investors regarding the recovery of the global economy after the coronavirus pandemic, the indices declined.

    At the start of the new year, investors focused on the same issue that has dominated the markets for much of 2020: the coronavirus pandemic. Many expect economic activity to accelerate later this year as communities are vaccinated, and organizations reopened. At the same time, there is an understanding that the path to economic recovery will be long and uneven.

    Recent news on the coronavirus situation paints a bleak picture. In the United States, the number of hospitalizations on Sunday reached a record high. In several countries in Europe, governments are extending quarantine restrictions designed to slow the spread of infection.

    The difficulty in dealing with the pandemic means that many companies will be vulnerable to financial risks in the short term.

    The experts noted growing nervousness over the results of the second round of elections to the U.S. Senate in Georgia. The outcome of the vote will determine whether the Republicans will retain control of the Senate. According to investors in prediction markets, the likelihood of a GOP victory has diminished in the past few days, potentially signaling a tense battle for Senate seats.

    Corporate Highlights

    Coca-Cola shares lost 3.8%. RBC Capital Markets has downgraded their rating from “above sector” to “par with the sector.” The bank’s analysts believe that the pandemic will continue to restrict public events and consumer access to restaurants, negatively affecting demand for Coca-Cola products.

    Airline stocks, which were also seriously affected by the coronavirus, also declined on Monday. In particular, American Airlines shares fell 4.1%, while Delta Air Lines shares fell 3.7%.

    Hotel chain shares were also down, with Hilton Worldwide Holdings down 3.4%, while Marriott International shed 5.4%.

    Tesla, meanwhile, gained 3.4%. The electric vehicle maker said it delivered a record 499,550 vehicles last year, just slightly below its target of 500,000.

    Amid a massive sell-off in shares, gold prices jumped 2.7% to $ 1,944.70 per troy ounce, the most significant percentage gain since April. Precious metal quotes usually receive support when market volatility increases.

    An additional source of joy in the market was the latest data on the manufacturing sector’s state. According to surveys of purchasing managers, factories in Asia and Europe increased their output at the end of the year. In December, there was a substantial rise in activity.

    Today Top Movers

    ‎Jaguar Health Inc (JAGX) share price ascended 30.90% to $2.33 during early morning ‎trading session on Tuesday.‎ ‎

    Zosano Pharma Corp (ZSAN), a Biotechnology company, increased about 78.60% ‎at ‎‎$1.04 in pre-market trading Tuesday after declaring that the company requested a Type A meeting with the U.S. Food and Drug Administration (FDA) to review resubmission plans for Qtrypta new drug application. ‎

    Naked Brand Group Ltd (NAKD) stock surged 14.83% at $0.25 in the pre-market trading today.

    Broadway Fin Cp (BYFC) jumped over 46.88% at $2.82 in pre-market ‎trading on Tuesday after the company and CFBanc Corporation revealed receipt of regulatory approvals for the merger.

    Top Upgrades & Downgrades


    Needham turned bullish on Merit Medical Systems Inc. (MMSI), upgrading the stock to “Buy” and assigning a $65.0 price target, representing potential upside of 18.69% from Monday’s close.
     

    DocuSign Inc. (DOCU) has won the favor of Piper Sandler’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $300.
     

    Cadence Design Systems Inc. (CDNS) received an upgrade from analysts at KeyBanc, who also set their one-year price target on the stock to $155.0. They changed their rating on CDNS to Overweight from Sector Weight in a recently issued research note.
     

    Earlier Sunday Piper Sandler reduced its rating on Fortinet Inc. (FTNT) stock to Neutral from Overweight.
     

    Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Rapid7 Inc. (RPD) has been changed to Neutral from Overweight and the new price target is set at $95.
     

    Analysts at Piper Sandler downgraded Okta Inc. (OKTA)’s stock to Neutral from Overweight on Tuesday.

    Latest Insider Activity

    ReneSola Ltd (SOL) CFO SHAH CAPITAL MANAGEMENT announced the sale of shares taking place on Dec 31 at $11.90 for some 26,000 shares. The total came to more than $0.31 million.
     

    ACM Research Inc. (ACMR) Wang Jian sold on Dec 30 a total 84,386 shares at $78.00 on average. The insider’s sale generated proceeds of almost $2.53 million.
     

    Hall of Fame Resort & Entertainment Company (HOFV) Director Lichter Stuart declared the purchase of shares taking place on Dec 29 at $1.40 for some 10,813,774 shares. The transaction amount was around $15.14 million.
     

    Beyond Air Inc. (XAIR) CEO, Chairman Lisi Steven A. bought on Dec 31 a total 929 shares at $5.28 on average. The purchase cost the insider an estimated $203,280.

    Important Earnings

    Top US earnings releases scheduled for today include Cal-Maine Foods Inc. (NASDAQ:CALM). It will announce its Nov 2020 financial results. The company is expected to report earnings of -$0.08 per share from revenues of $333.49M in the three-month period.