Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Rapid7's latest earnings for the second quarter of 2024 reveals a mixed but consistent financial and operational outlook for the company, reflecting ongoing strategic shifts and product expansions aimed at addressing contemporary IT security challenges.</li><li>The company reported an ARR (annual recurring revenue) of $816 million, aligning with expectations and marking a 9% year-over-year growth.</li><li>This growth was largely fueled by robust demand for Rapid7's direct detection and response services, highlighting increased customer prioritization of efficient security data monitoring across expansive IT landscapes.</li></ul>

Rapid7's latest earnings for the second quarter of 2024 reveals a mixed but consistent financial and operational outlook for the company, reflecting ongoing strategic shifts and product expansions aimed at addressing contemporary IT security challenges.The company reported an ARR (annual recurring revenue) of $816 million, aligning with expectations and marking a 9% year-over-year growth.This growth was largely fueled by robust demand for Rapid7's direct detection and response services, highlighting increased customer prioritization of efficient security data monitoring across expansive IT landscapes.

Rapid7 Inc.: Expanding Detection and Response Capabilities & Leveraging Artificial Intelligence To Drive Growth! - Major Drivers

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/trend-micro-inc" target="_blank" data-smartkarma-citation="entities:13172:1" rel="noopener">Trend Micro Inc (4704 JP)</a> shares rose 14.8% on Friday after Reuters reported that it is exploring a sale after attracting buyout interest. </li>
<li>The interest is unsurprising due to the weak share price. Since ValueAct disclosed a stake on 8 August 2022, the shares are down 0.7% vs the Nikkei 225’s 23.6% increase.</li>
<li>The lack of a controlling shareholder and increased cybersecurity M&amp;A activity support the buyout interest. A privatisation price is likely to be around JPY9,000. Valuation is undemanding at last close.</li>
</ul>



Trend Micro Inc (4704 JP) shares rose 14.8% on Friday after Reuters reported that it is exploring a sale after attracting buyout interest. 
The interest is unsurprising due to the weak share price. Since ValueAct disclosed a stake on 8 August 2022, the shares are down 0.7% vs the Nikkei 225’s 23.6% increase.
The lack of a controlling shareholder and increased cybersecurity M&amp;A activity support the buyout interest. A privatisation price is likely to be around JPY9,000. Valuation is undemanding at last close.


Trend Micro (4704 JP): Evaluating the Privatisation Rumours

<ul><li>Rapid7, under the leadership of CEO Corey Thomas and CFO Tim Adams, remains at the forefront of cybersecurity solutions focused on delivering integrated risk and security operations.</li><li>The company concluded the first quarter of 2024 with $807 million in Annual Recurring Revenue (ARR), which indicates an 11% year-over year growth.</li><li>The quarter saw steady performance in its Direct Complete offerings but noted a shortfall in ARR expectations primarily due to slower transitions in the vulnerability management (VM) base to its integrated Cloud Risk Complete offering.</li></ul>

Rapid7, under the leadership of CEO Corey Thomas and CFO Tim Adams, remains at the forefront of cybersecurity solutions focused on delivering integrated risk and security operations.The company concluded the first quarter of 2024 with $807 million in Annual Recurring Revenue (ARR), which indicates an 11% year-over year growth.The quarter saw steady performance in its Direct Complete offerings but noted a shortfall in ARR expectations primarily due to slower transitions in the vulnerability management (VM) base to its integrated Cloud Risk Complete offering.

Rapid7 Inc.: Comprehensive Security Solutions & 3 Factors Making It A Solid Acquisition Target! - Financial Forecasts

<ul><li>Rapid7 discussed its performance and future outlook in the recent call, detailing progresses and the strategic adjustments needed amid some challenges.</li><li>The company's Annual Recurring Revenue (ARR) for the first quarter was $807 million, marking an 11% year-over-year growth.</li><li>This figure was slightly below expectations due to the slow adoption of integrated risk solutions.</li></ul>

Rapid7 discussed its performance and future outlook in the recent call, detailing progresses and the strategic adjustments needed amid some challenges.The company's Annual Recurring Revenue (ARR) for the first quarter was $807 million, marking an 11% year-over-year growth.This figure was slightly below expectations due to the slow adoption of integrated risk solutions.

Rapid7 Inc.: These 4 Pivotal Factors Are Impacting Their Performance In 2024 & Beyond! - Financial Forecasts

<ul><li>This is our first report on Rapid7, a renowned cybersecurity solutions provider.</li><li>The company posted its third quarter 2023 financial results, highlighting an Annual Recurring Revenue (ARR) of $777 million and a growth of 14% over the previous year.</li><li>Rapid7 also showcased strong demand for its integrated security operations solutions, particularly its consolidated offerings.</li></ul>

This is our first report on Rapid7, a renowned cybersecurity solutions provider.The company posted its third quarter 2023 financial results, highlighting an Annual Recurring Revenue (ARR) of $777 million and a growth of 14% over the previous year.Rapid7 also showcased strong demand for its integrated security operations solutions, particularly its consolidated offerings.

Rapid7 Inc.: Initiation of Coverage - Revolutionizing the Tech World with Strategic Partnerships – What’s Coming in 2024? - Major Drivers

United States

Rapid7, Inc. provides security data and analytic software solutions. The Company offers services to collect, contextualize, and analyze security data to reduce threat exposure and detect compromise in real-time.

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Rapid7 Inc (RPD US)

Rapid7 Inc.: Expanding Detection and Response Capabilities & Leveraging Artificial Intelligence To Drive Growth! - Major Drivers

Rapid7's latest earnings for the second quarter of 2024 reveals a mixed but consistent financial and operational outlook for the company,...

Baptista Research

Trend Micro (4704 JP): Evaluating the Privatisation Rumours

The lack of a controlling shareholder and increased cybersecurity M&A activity support the buyout interest. A privatisation price is likely to be...

Arun George

Rapid7 Inc.: Comprehensive Security Solutions & 3 Factors Making It A Solid Acquisition Target! - Financial Forecasts

Rapid7, under the leadership of CEO Corey Thomas and CFO Tim Adams, remains at the forefront of cybersecurity solutions focused on delivering...

Baptista Research

Rapid7 Inc.: These 4 Pivotal Factors Are Impacting Their Performance In 2024 & Beyond! - Financial Forecasts

Rapid7 discussed its performance and future outlook in the recent call, detailing progresses and the strategic adjustments needed amid some...

Baptista Research

Rapid7 Inc.: Initiation of Coverage - Revolutionizing the Tech World with Strategic Partnerships – What’s Coming in 2024? - Major Drivers

This is our first report on Rapid7, a renowned cybersecurity solutions provider. The company posted its third quarter 2023 financial results,...

Baptista Research

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