🟢 Rapid7 is trading 18.4% up today after Q2 earnings beat and raised EPS guidance

Rapid7 is trading 18.43% up now at $13.75 after its August 10 earnings release beat expectations.

• Adjusted EPS was $0.44 versus $0.35 expected; revenue was $210.9 million versus $208.2 million forecast.
• Management raised full-year adjusted EPS guidance to $1.78–$1.83.
• An approximately 12% workforce reduction and sharper focus on core cybersecurity products and AI further supported the profitability-focused reaction, despite declining revenue and ARR.