Why Rapid7 Stock Climbed 20% in July
Rapid7 (NASDAQ: RPD) returned 20.2% in July after it announced better-than-expected preliminary financial results and the acquisition of IntSights, a cyber threat intelligence company. This acquisition enhanced the company's ability to detect threats to its customers' cloud networks, improving its position in a competitive cybersecurity market. Rapid7 was already trending upwards in the first half of July.