🔴 Rapid7 is trading 6.7% down in pre-market amid software-sector weakness

Rapid7 is trading at $16.50 (-6.67%) in pre-market amid software-sector weakness.

• The decline follows Rapid7’s October 28 after-hours selloff; no company-specific catalyst has been identified.
• Reuters reported software stocks weakened after disappointing results from ServiceNow and Fortinet, alongside concerns about AI disruption.
• Sector context also points to weak sentiment after Alphabet’s results; Rapid7 is due to report quarterly results November 4.