Rapid7 shares are trading lower after the company reported Q4 financial results and issued FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Rapid7's stock price declined following the announcement of Q4 financial results and FY24 revenue guidance that fell short of expectations.

February 08, 2024 | 1:45 pm
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NEGATIVE IMPACT
Rapid7's shares declined after reporting Q4 financial results and providing FY24 revenue guidance below market expectations.
The announcement of Q4 financial results and FY24 revenue guidance below estimates typically leads to a negative investor sentiment, causing a decline in stock price. Given that this news directly pertains to Rapid7's financial performance and future outlook, it is highly relevant and important to investors, leading to a high likelihood of a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100