Rapid7 is trading 10.16% down now at $12.02, with the reversal appearing tied to profit-taking after its earnings-driven rally.
- Shares surged 15.25% to $13.38 on August 11 following a second-quarter earnings beat.
- Revenue declined 1.5% year over year, ARR fell 2%, and management announced a 12% workforce reduction despite raising profitability guidance.
- No separate August 12 company announcement was identified.