RBRK Stock Recent News

Here, we have picked three tech stocks, RBRK, PSTG and HPE, that are likely to pull off earnings surprises this time.

George Tsilis turns to cybersecurity on today's Overlooked Stock. He shares what makes Rubrik (RBRK) a name to watch after it climbed to a new 52-week high today.

CHICAGO--(BUSINESS WIRE)--MICROSOFT IGNITE - Rubrik, Inc. (NYSE: RBRK), the Zero Trust Data Security™ Company, today announces a new cyber resilience solution for Microsoft Azure Blob Storage. As organizations become increasingly dependent on the cloud, there is an inherent risk for security blind spots and vulnerable sensitive data. Rubrik brings cyber posture and cyber recovery to provide Microsoft Azure Blob Storage customers further visibility into their cloud data, enabling business agilit.

Rubrik, Inc. (RBRK) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

RBRK unveils Rubrik DSPM for Microsoft 365 Copilot, enhancing data visibility and control to secure sensitive information during AI-driven workflows.

Global IPO activity is recovering but remains below recent years, with 326 IPOs in Q3 2024 totaling $23.32 billion, the lowest since Q1 2019. US IPO activity has increased steadily, with 36 IPOs in Q3 2024, and $26.28 billion raised in the first three quarters, nearly double 2023. European IPO activity slowed in Q3 2024, with 30 transactions and $770 million offered, but $17.46 billion raised through Q3 2024, up from $13.50 billion in 2023.

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.