🔴 Rapid7 is trading 8.3% down today after investors reassessed mixed quarterly results

Rapid7 is trading 8.3% down now at $12.06 as investors reassess its mixed second-quarter report.

• It rose 15.25% on August 11 after better-than-expected results, reporting $210.9 million in revenue and $0.44 adjusted EPS while raising its full-year profit outlook.
• Revenue declined 1.5% year over year, ARR fell 2%, and restructuring affecting approximately 12% of employees is expected to incur $10 million to $11 million in charges.