RPD Nov 2020 60.000 put

OPR - OPR Delayed Price. Currency in USD
0.00 (0.00%)
As of 12:36PM EDT. Market open.
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Previous Close24.69
Expire Date2020-11-20
Day's Range24.69 - 24.69
Contract RangeN/A
Open Interest1
  • Goldman Sachs: 3 “Strong Buy” Stocks to Snap Up Now

    Goldman Sachs: 3 “Strong Buy” Stocks to Snap Up Now

    Have the markets turned the corner? Four of the past five trading sessions have seen net gains. The S&P 500 is up 17% from the March 23 trough. The question now is, are markets truly trending back up, or are traders simply taking advantage of low prices after the recent heavy losses?That’s the question for the long term. For the moment, traders are taking some comfort in the gains, which have clawed back some one third of the value lost in the bearish run.With that in mind, Goldman Sachs analysts have been coming the markets for buy-side options, and in a series of reports on tech-related stocks have highlighted three under-the-radar choices. These are interesting picks, tapped by Goldman for their combination of low point of entry and high upside. We’ve used the TipRanks database to flesh out the details – these stocks have at least a 20% upside potential. Let’s see what else makes them such compelling buys.Tenable Holdings (TENB)We’ll start with Tenable, a cyber-security company offering tech expertise and SaaS platforms to assess and manage data vulnerability. Tenable’s subsidiaries provide cloud solutions for businesses worldwide, in the education, energy, finance, healthcare, and retail sectors.Tenable, like many small-cap tech companies, operates at a net loss. The company reported a loss of 24 cents per share in the last quarter, beating the forecast by 4 cents. That beat highlights another feature of the company’s quarterly reports: it has beaten the estimates consistently for the last six quarters. Revenues are growing, at the $97 million reported in Q4 represented 29% year-over-year growth.Brian Essex, tech sector expert for Goldman Sachs, reviewed this company and was impressed enough to initiate his coverage with a Buy rating. His $29 price target indicates a 29% upside potential, backing the bullish outlook. (To watch Essex’s track record, click here)In his comments, Essex says, “We believe Tenable is well-positioned to leverage its best-of-breed reputation in vulnerability assessment to gain further traction among enterprises looking to evaluate their risk exposure and adopt a formal vulnerability assessment program. Tenable has been growing rapidly over the past several years, is among the fastest-growing companies in our coverage universe, and remains a critical provider for continuous monitoring, which is an important compliance-related focal point. While the company has yet to turn profitable, it has made meaningful progress, and we expect this to continue as we believe that the company has demonstrated discipline with regard to meeting profitability targets [...] With continued execution and demonstrated progress on profitability, we see meaningful upside opportunity for the stock.”Looking at the consensus breakdown, Wall Street takes a bullish stance on Tenable. 4 Buys and 1 Hold issued over the previous three months make the stock a Strong Buy. It should also be noted that its $33 average price target suggests 47% upside from the current share price. (See Tenable stock analysis on TipRanks)Rapid7, Inc. (RPD)The second stock on our list is another cybersecurity company. Rapid7 uses data and analytic solutions to provide customers with the ability to detect and control their exposure to digital threats, using real-time analysis. It’s a vital niche that provides a clear path for RPD’s success.In Q4, RPD beat the earnings forecast with a 3-cent EPS, a far cry from the year-ago loss of 5 cents. Revenue came in at $91.7 million, not only beating the estimates but also growing 33% year-over-year. The Q4 results were also higher sequentially; EPS grew 2 cents, and revenue was up 10%, from the third quarter. After posting strong share gains in 2019, for 2020 RPD stock is down 21% year-to-date, roughly in-line with the S&P and Dow results. The stock bottomed out on March 16 at $33.40 and has climbed 32% since then.This is another company that impressed analyst Brian Essex enough to initiate a Buy rating. Essex gives RPD a $49 price target, implying an upside potential of 11%. (To watch Essex’s track record, click here)Essex writes of the stock, “Rapid7 has positioned itself as one of the dominant vendors in the Vulnerability Assessment and Management (VA/VM) market with its InsightVM offering, that provides a comprehensive view of an organization’s asset vulnerability posture and tools for prioritization and remediation of the same [...] As organizations turn to analytics and AI/ML based solutions to reduce dependence on manual labor and look to implement platforms for risk assessment and threat remediation, we believe Rapid7 is competitively positioned. With the stock trading at a discount to our coverage group median on an EV/sales/growth (CY21) basis (0.19x EV/sales/growth for RPD vs. 0.28x for coverage group median) and continued margin expansion coupled with strong revenue growth, we see favorable risk/reward."Overall, Rapid7 has 11 recent analyst reviews, breaking down as 10 Buys and 1 Hold and giving the stock a Strong Buy consensus rating. Shares are currently trading at $44.39, and have a 45% upside potential based on an average price target of $64.45. (See Rapid7’s stock analysis on TipRanks)Huya, Inc. (HUYA)With the last stock on our list, we take a turn to the gaming sector. Huya is a live streaming game platform, with interactive video services supporting e-sports, music, reality programming, talent shows, anime, and outdoor activities. The Huya platform is available in China – the Chinese government policy of restricting international internet access makes it easy for Western audiences to sometimes forget that China’s domestic web audience numbers of 800 million strong.China’s huge domestic audience gives its home-grown internet companies a market comparable to anything in the West. Huya’s fiscal results reflect that. The company consistently operates at a profit, and has beaten forecasts in the last three quarters. Q4 revenues grew 64% yoy to reach 2.468 billion CNY ($348 million US, at current exchange rates), and EPS came in at 10 cents US, up 3 cents sequentially.As an online gaming company, Huya is a natural choice to show gains during the lockdowns and quarantines implemented to fight the coronavirus spread. The first quarter is the company’s seasonal weakest, and declines during the Chinese Lunar New Year holiday are usually expected – but this year, the nationwide lockdowns have boosted demand for online entertainment.Writing on HUYA for Goldman Sachs, 4-star analyst Piyush Mubayi notes of the platform, “…surged traffic has been converted to better monetization, as Huya’s paying users have also reached a record high of 5.5mn according to management [...] Huya’s live streaming revenue increased by 64% yoy to Rmb2.5bn, driven by robust MAU growth momentum…”Mubayi’s $21 price target suggests a 24% upside potential for the stock. In line with his upbeat outlook, he has upgraded his stance on HUYA shares from Neutral to Buy. (To watch Mubayi’s track record, click here)"We upgrade Huya to Buy from Neutral as we see attractive risk/reward for a fast growing company with a 21% EPADS CAGR in 2021E-2023E," Mubayi concluded.All in all, HUYA shares have three recent reviews and they are all on the Buy-side, making the Strong Buy analyst consensus view unanimous. The stock is bargain priced, at just $16.90, and the $20.67 average price target implies a solid upside of 24%. (See Huya’s stock analysis at TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

  • Do Hedge Funds Love Rapid7 Inc (RPD)?
    Insider Monkey

    Do Hedge Funds Love Rapid7 Inc (RPD)?

    We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

  • Health Check: How Prudently Does Rapid7 (NASDAQ:RPD) Use Debt?
    Simply Wall St.

    Health Check: How Prudently Does Rapid7 (NASDAQ:RPD) Use Debt?

    Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

  • GlobeNewswire

    Rapid7 Announces Expanded Presence in Belfast

    Rapid7 has been a part of Belfast’s burgeoning technology scene since 2014 and now plans to double its workforce in the region by adding 200 new roles in engineering, development, and customer advisors, among others. In an effort to aid in achieving this growth goal, Invest Northern Ireland has offered Rapid7 £165,000 of support towards the creation of 30 of the new jobs. “Rapid7 is committed to investing in the company’s global expansion, particularly in areas with impressive technical talent such as Belfast,” said Jamie Kinch, vice president of real estate and workplace experience at Rapid7.

  • American City Business Journals

    Boston Properties expands flex office concept to The Hub on Causeway

    Flex by BXP, the flexible office concept developed by Boston Properties, has expanded to a 35,000-square-foot space at The Hub on Causeway. Boston Properties (NYSE: BXP) developed The Hub as part of a joint venture with Delaware North.

  • Rapid7 and Snyk Announce Strategic Partnership to Deliver End-to-end Application Security to DevOps-driven Organizations
    PR Newswire

    Rapid7 and Snyk Announce Strategic Partnership to Deliver End-to-end Application Security to DevOps-driven Organizations

    RSA CONFERENCE 2020 – Rapid7 (NASDAQ: RPD), a leading provider of security analytics and automation, and developer-first company, Snyk, today announced a strategic partnership to deliver end-to-end application security to organizations developing cloud native applications.

  • GlobeNewswire

    Rapid7 to Present at Upcoming Investor Conferences

    BOSTON, Feb. 21, 2020 -- Rapid7, Inc. (NASDAQ: RPD), a leading provider of security analytics and automation, today announced that management will be presenting at the.

  • GlobeNewswire

    Rapid7 Named a Leader in Gartner Magic Quadrant for Security Information and Event Management (SIEM)

    BOSTON, Feb. 20, 2020 -- Rapid7, Inc. (NASDAQ: RPD), a leading provider of security analytics and automation, today announced that it has been named a Leader in Gartner’s 2020.

  • Thomson Reuters StreetEvents

    Edited Transcript of RPD earnings conference call or presentation 10-Feb-20 9:30pm GMT

    Q4 2019 Rapid7 Inc Earnings Call

  • Frost & Sullivan Names Rapid7 2019 Global SOAR Company of the Year
    PR Newswire

    Frost & Sullivan Names Rapid7 2019 Global SOAR Company of the Year

    Based on its recent analysis of the global security orchestration, automation, and response (SOAR) market, Frost & Sullivan recognises Rapid7 (NASDAQ: RPD) with the 2019 Global Company of the Year Award. Rapid7 has designed its feature-rich SOAR product, InsightConnect, to address the needs of all security teams, regardless of company size. The solution helps customers improve their security operations with simple connect-and-go visual workflows in a no-code environment. The visionary innovation has enabled it to grow its revenues and deliver high levels of customer satisfaction.

  • GlobeNewswire

    Rapid7 Announces Fourth Quarter and Full-Year 2019 Financial Results

    Annualized recurring revenue (ARR) of $338.7 million, an increase of 35% year-over-yearFourth quarter 2019 revenue of $91.6 million and full year 2019 revenue of $326.9.

  • Rapid7 (RPD) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

    Rapid7 (RPD) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

    Rapid7 (RPD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • GlobeNewswire

    Rapid7 Named to Bloomberg Gender-Equality Index for the Second Consecutive Year

    BOSTON, Jan. 21, 2020 -- Rapid7, Inc. (NASDAQ: RPD), a leading provider of security analytics and automation, today announced that it is one of 325 companies across 50.

  • American City Business Journals

    ‘Dominated by uncertainty’: BBJ panel offers 'economic outlook'

    Here's the 2020 economic forecast from a Boston CEO, a leader in commercial real estate, and two top professors.

  • Rapid7 expands Boston headquarters to make room for 400 workers
    American City Business Journals

    Rapid7 expands Boston headquarters to make room for 400 workers

    Less than a year after moving into its new home at Boston’s North Station, cybersecurity company Rapid7 Inc. plans to expand its headquarters by 67,000 square feet at The Hub on Causeway by late 2021, CEO Corey Thomas confirmed to the Business Journal Thursday. The expansion will allow Rapid7 (Nasdaq: RPD) to bring on an additional 400 employees. The company opened its 147,000-square-foot headquarters at 120 Causeway St. — the low-rise loft office space at The Hub on Causeway, a $1.2 billion mixed-use project at North Station and TD Garden — last August.

  • GlobeNewswire

    Rapid7 to Report Fourth Quarter and Full Year 2019 Financial Results on February 10

    BOSTON, Jan. 14, 2020 -- Rapid7, Inc. (NASDAQ: RPD), a leading provider of security analytics and automation, today announced that the company will release its fourth quarter.

  • Calculating The Fair Value Of Rapid7, Inc. (NASDAQ:RPD)
    Simply Wall St.

    Calculating The Fair Value Of Rapid7, Inc. (NASDAQ:RPD)

    Today we will run through one way of estimating the intrinsic value of Rapid7, Inc. (NASDAQ:RPD) by taking the...

  • The Zacks Analyst Blog Highlights: CrowdStrike, FireEye, Rapid7, Fortinet and Mimecast

    The Zacks Analyst Blog Highlights: CrowdStrike, FireEye, Rapid7, Fortinet and Mimecast

    The Zacks Analyst Blog Highlights: CrowdStrike, FireEye, Rapid7, Fortinet and Mimecast

  • US-Iran Tension Calls for Investing in Cybersecurity Stocks

    US-Iran Tension Calls for Investing in Cybersecurity Stocks

    Intensified U.S.-Iran tensions have raised cybersecurity concerns given the previous cyber-attacks launched by the latter. This should give a boost to cybersecurity stocks.

  • Dow Jones Futures: Key Sector Rejoins Stock Market Rally; These 6 Stocks Just Entered Buy Zones
    Investor's Business Daily

    Dow Jones Futures: Key Sector Rejoins Stock Market Rally; These 6 Stocks Just Entered Buy Zones

    Futures: Software has rejoined stock market rally, as Salesforce, Dynatrace and Rapid7 broke out. Vertex, Dexcom, Insulet staged bullish rebounds.

  • Cybersecurity Stocks To Watch: Rapid7 Nears Buy With 125% Growth
    Investor's Business Daily

    Cybersecurity Stocks To Watch: Rapid7 Nears Buy With 125% Growth

    With EPS growth rebounding to 111%-125% over the last three quarters, Rapid7 has become one of the top cybersecurity stocks to watch as it nears a new buy point.

  • 3 Market-Leading Software Stocks That Might Lose Sheen in 2020

    3 Market-Leading Software Stocks That Might Lose Sheen in 2020

    Here we pick three software stocks that might show a lack of luster with not much room for rally left next year.

  • 3 “Perfect 10” Tech Stocks Primed for Gains in 2020

    3 “Perfect 10” Tech Stocks Primed for Gains in 2020

    There are over 2,800 stocks traded on the NYSE, and thousands more on the world’s other stock exchanges. But with so many stocks out there, and so much information coming in, how do you make sense of it? TipRanks has an answer for that.The Smart Score brings together the disparate data streams in the TipRanks database and distills them down to a single number – a score that you can use to get a sense of what the data means. The analyst consensus, TipRanks’ original rating derived from the published notes of Wall Street’s financial analyst corps, is of course included, but it’s combined with 7 additional factors. The opinions of financial bloggers – another 7,000 experts who follow the markets closely – are considered, as are the sentiment of news articles, the trading moves of corporate insiders, and the activity of individual investors. Movements in traditional technical and fundamental factors are also added in.The resulting score gives a macro view of the stock, based on the most current data available. The Smart Score isn’t a perfect predictor, but it can indicate a direction – will your favorite stock outperform the market, stay neutral, or underperform? It’s the question you need to answer before you put your money down.Today, we’ll look at three tech stocks, each with a “Perfect 10” according to the Smart Score. We’ll see why these companies scored so highly, and what Wall Street’s analysts have to say about it.SS&C Technologies Holdings, Inc. (SSNC)Connecticut-based SS&C is a software and SaaS company with global reach and offices across the Americas, and in Europe, Asia, Australia, and Africa. The company offers products for the financial industry, in fund administration, investor services, wealth management, and property management. SS&C has a history of growth by acquisition, fending off potential competitors by buying them out. In 2018, the company made its largest ever move of this type, spending $5.4 billion to buy DST Systems, and earlier this fall SS&C announced that it will be purchasing Algorithmics Assets from IBM.In Q3 2019, SS&C reported solid results in terms of both EPS and gross revenues. The bottom-line earnings came in at 93 cents per share, 4 cents over the estimate and 14 cents over the year-ago figure. Revenues, at $1.15 billion, were 15% higher year-over-year. It was the third time in three quarters that the company had beaten the quarterly forecast.Turning to the Smart Score for SSNC, we find that the analysts, the bloggers, and the news are all bullish on the stock. News sentiment is 100% positive, meaning that there have been no negative articles on SSNC in the last week. This compares to a sector average of 63% bullish. The financial bloggers have also been 100% positive, against a sector average or 67%.Writing for Deutsche Bank, analyst Ashish Sabadra says, “Despite the recent run-up, SSNC stock is trading at a significant discount to peers and historical multiples due to concerns about organic revenue growth in 2020. We believe the pricing increase should help improve organic growth…” In line with that expectation, Sabadra has set a Buy rating and raised his price target from $64 to $75, implying a 25% upside potential for the stock. (To watch Sabadra’s track record, click here)SS&C’s Strong Buy consensus rating is based on 8 reviews, including 6 Buys and 2 Holds. Some analysts are still cautious due to the stock’s late-summer doldrums, but the majority agree with Sabadra’s estimate that this company will take off in the coming year. The average price target, $65, implies an upside of 9% from the trading price of $60.10. (See the SS&C Technologies stock analysis at TipRanks) Lattice Semiconductor Corporation (LSCC)This mid-cap chip company focuses on programmable logic devices and design-oriented intellectual property software. This niche, aimed at the market for customizable processor chips, has been highly successful, and Lattice has posted an astounding 192% gain in 2019. In ordinary numbers, the stock has risen from $7 in January to over $20 today. It’s a truly impressive performance.The Smart Score on LSCC reflects this. The analysts are bullish, and the bloggers have been giving positive reviews for the last 9 months. The year-to-date gain gives the stock high momentum, as nothing will attract investors faster than a visible winner. A survey of the hedge fund market shows that purchase activity in LSCC increased since the last quarter.Lattice’s Q3 results, like those for SS&C above, beat the forecasts in both earnings and revenues. EPS came in at 17 cents, against a 15-cent estimate and an 11-cent year-ago number. Gross revenues were reported at $103.5 million, a 1.9% gain from the previous year. LSCC is a stock that is clearly heating up, and shows no sign of slowing.Matt Ramsay, 5-star analyst with Cowen, attended Lattice’s most recent product launch last week and gave the stock a Buy rating. He’d come away from the session with a favorable impression, and wrote after the event, “Management debuted NEXUS, its next-gen platform for low-power/small footprint FPGAs. We came away impressed and believe the platform represents a critical milestone in the company's acceleration…” Ramsay’s bumped his price target up from $23 to $25, showing confidence in a 24% upside. (To watch Ramsay’s track record, click here)Lattice gets a unanimous Strong Buy consensus rating from the analysts, as 5 of Wall Street’s experts have rated the stock a Buy in the last three months. The stock’s $23.25 average price target suggests a premium of 15% to the current share price of $20.20. (See the Lattice Semiconductor stock analysis at TipRanks) Rapid7, Inc. (RPD)In today’s digital world, cybersecurity is an ever-growing need, and a company which can provide it is likely to have a path forward to success. Rapid7 provides just that, through data and analytic software solutions. RPD’s products and services collect and analyze data, provide context to the results, and give customers the ability to reduce exposure to digital threats and detect system compromises is real time.At a $2.8 billion market cap, Rapid7 is a mid-sized company holding its own in a large field. The company’s Q3 earnings showed a net profit where the Street had expected a loss. While modest, that 1-cent per share gain was far better than the 2-cent loss which had been predicted. The earnings were supported by gross revenues of $83.2 million, 3.7% higher than the $80.2 million estimate, and 33% higher year-over-year. Customer growth was up 17% from the year-ago quarter, and most importantly, annualized recurring revenue (ARR) gained 43%, reaching $310.2 million. In response to the strong quarter, management raised the forward guidance for 2019 revenue growth to the 32% to 33% range.As expected for a stock showing strong earnings and revenues, RPD is up for the year. The 80% gain in 2019 is almost triple the 27% gain on the S&P – and the year is not quite over yet. A look at RPD’s Smart Score demonstrates what is going right for the stock in the larger picture. The analyst consensus, blogger opinions, and hedge activity are all positive, but the most interesting factor may be the individual investors. The individual investor metric shows modest gains at both the 7 and 30-day time horizons.Top analysts are attracted to RPD shares. Matthew Hedberg, rated 9 overall in TipRanks’ analyst database, met with company management recently and looked at the Q3 numbers and forward guidance. He writes, “After spending the day with management, we feel better about the company's ability to deliver sustainable, above-market and profitable growth supported by several waves of product innovation.”In his investment thesis, Hedberg lays out the case for buying into RPD: “Its value proposition is to utilize massive amounts of data collected from the network and endpoints to help customers proactively prevent security breaches. ARR growth is the key metric, as management expects it to remain at or above 30% through 2020.” As expected, Hedberg gives this stock a Buy rating, and his $81 price target suggests a 45% upside potential. (To watch Hedberg’s track record, click here)RPD’s analyst consensus rating of Strong Buy reflects the stock’s strong performance. 10 out of 11 Wall Street experts have set Buy ratings on this stock in the past three months, while only 1 has put a Hold. The shares trade for $56, so the average price target of $67.73 implies a potential for 21% upside growth. (See the Rapid7 stock analysis at TipRanks)