Rapid7 Shares Rally As It Reportedly Weighs Strategic Options

  • Rapid7, Inc RPD consulted Goldman Sachs Group, Inc  GS for advice on strategic options, including a possible sale after attracting acquisition interest, Reuters reports Wednesday. 
  • The cybersecurity firm hired Twitter whistleblower Peiter Zatko in January.
  • Shares of Rapid7 have dropped nearly 60% over the last year amid a broader sell-off in technology stocks and concerns about the company's competitive position.
  • The cybersecurity firm battled intense competition as corporate clients cut down on spending amid concerns about an economic slowdown.
  • RPD Price Action: Rapid7 shares traded higher by 23.1% at $49.07 on the last check Wednesday.



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