13 Best Cybersecurity Stocks to Buy According to Billionaires

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7. Rapid7 Inc. (NASDAQ:RPD)

Number of billionaire investors: 11

Dollar value of holdings: $246,493,976

Rapid7 Inc. (NASDAQ:RPD) is a cybersecurity solutions provider specializing in threat detection, vulnerability management, and cloud security.

Rapid7 Inc. (NASDAQ:RPD) has introduced new innovations to its Exposure Management offering. It strengthened its Command Platform with AI-driven risk scoring, enhanced asset context, and integrated remediation tools. These updates improve multi-cloud security, enabling organizations to discover and protect sensitive data across AWS, GCP, and Microsoft environments. The enhancements also streamline risk mitigation through expanded surface command and remediation hub.

For the full year of 2024, Rapid7 Inc. (NASDAQ:RPD) reported $844 million in revenue, a 9% year-over-year increase, driven by $809 million in product subscription revenue. It achieved $840 million in annualized recurring revenue, reflecting continued demand for its cybersecurity solutions. GAAP operating income reached $35 million, while non-GAAP operating income stood at $164 million, highlighting improved profitability. Net cash from operations came in at $172 million, with free cash flow of $154 million, reinforcing financial strength.

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