Profile
Sector:
TechnologyIndustry:
Software InfrastructureCountry:
United StatesIPO:
25 April 2024Website:
http://www.rubrik.comNext earnings report:
05 December 2024Last dividends:
N/ANext dividends:
N/APrice
regular market | 4 min agoDividend
Analysts recommendations
Institutional Ownership
RBRK Latest News
RBRK unveils Rubrik DSPM for Microsoft 365 Copilot, enhancing data visibility and control to secure sensitive information during AI-driven workflows.
Shares of Rubrik have started to rally after posting a strong Q2 beat and raise and passing its IPO lockup period. In spite of recent gains, I'm reiterating my buy rating on this stock and establishing a $48 price target (~30% upside, based on 8x next year's revenue). The company is achieving tremendous mid-30s growth at scale, with an ARR base growing at a ~40% clip that nearly already covers next year's consensus revenue.
Rubrik, a fast-growing cybersecurity company, is trading at an attractive entry point at $31/share despite current market risk aversion and geopolitical concerns. The company's ARR growth is robust, with a 40% year-on-year increase in the latest reported quarter, reflecting strong user adoption and satisfaction. RBRK's advanced data protection and recovery solutions, including genAI integration, position it as a leader in the data back-up and recovery space with significant competitive advantages.
Rubrik Inc. RBRK is a leading cybersecurity company specializing in data protection and recovery, and it is quickly becoming a key player in the rapidly expanding cybersecurity sector. Since its initial public offering (IPO) in April, Rubrik has demonstrated strong financial performance, highlighted by significant growth in Subscription Annual Recurring Revenue (ARR) and cloud ARR.
RBRK faces stiff competition and macroeconomic challenges, but its expanding clientele and high demand for data security solutions offer potential for growth.
Rubrik, Inc. demonstrates strong top-line growth and improved operating margins in Q2 '25, driven by a shift to subscription-based revenue streams, with a projected eFY25 revenue growth rate of 31-32%. Rubrik's niche focus on data resiliency and partnerships with major firms like Microsoft and CrowdStrike position it well for continued growth amid rising AI/ML adoption. Despite competition from larger cybersecurity platforms, Rubrik's rapid recovery times and unique post-breach solutions provide a durable business case for enterprises.
Rubrik CEO Bipul Sinha joins Ed Ludlow and Caroline Hyde to discuss the company's latest earnings report and respond to doubts around its growth for the second half of the year. He speaks on "Bloomberg Technology.
Rubrik (RBRK) shares lost ground Tuesday as the lock-up period following the data security firm's initial public offering (IPO) is set to expire, offsetting solid fiscal 2025 second-quarter results.
Rubrik's stock dipped post-earnings despite beating guidance and raising its full-year outlook, likely due to the upcoming IPO lock-up expiration. RBRK remains unprofitable even on a non-GAAP basis, but its large cash position can support ongoing losses. The company's cybersecurity positioning makes it a mission-critical product for its customers.
Bipul Sinha, Rubrik CEO, joins 'Closing Bell Overtime' to talk Q2 results ahead of the company's earnings call.
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What type of business is Rubrik?
Rubrik, Inc. provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors. Rubrik, Inc. was formerly known as Scaledata, Inc. and changed its name to Rubrik, Inc. in October 2014. The company was incorporated in 2013 and is based in Palo Alto, California.
What sector is Rubrik in?
Rubrik is in the Technology sector
What industry is Rubrik in?
Rubrik is in the Software Infrastructure industry
What country is Rubrik from?
Rubrik is headquartered in United States
When did Rubrik go public?
Rubrik initial public offering (IPO) was on 25 April 2024
What is Rubrik website?
https://www.rubrik.com
Is Rubrik in the S&P 500?
No, Rubrik is not included in the S&P 500 index
Is Rubrik in the NASDAQ 100?
No, Rubrik is not included in the NASDAQ 100 index
Is Rubrik in the Dow Jones?
No, Rubrik is not included in the Dow Jones index
When was Rubrik the previous earnings report?
No data
When does Rubrik earnings report?
The next expected earnings date for Rubrik is 05 December 2024