Rapid7 beats estimates, raises profit outlook and cuts 12% of staff

Shares of Rapid7 Inc. rose more than 8% in late trading today after the cybersecurity company beat second-quarter earnings and revenue estimates while disclosing plans to cut roughly 12% of its workforce. For the quarter ended on June 30, Rapid7 reported adjusted earnings of 44 cents per share, down from 58 cents a year earlier, on […] The post Rapid7 beats estimates, raises profit outlook and cuts 12% of staff appeared first on SiliconANGLE.