RBRK Stock Recent News

BANGALORE, India--(BUSINESS WIRE)--As part of its expansion plans in India, Rubrik (NYSE: RBRK), a cybersecurity company, today announces plans for a new office space in Bangalore to open in mid-2025. The new facility will combine product development, product management, customer support, and global recovery operations under one roof. Rubrik is committed to hiring talent from top universities in India as part of the expansion. Since 2017, many of the World Finalists in the prestigious ICPC Inte.

Rubrik, Inc. NYSE: RBRK is gaining traction with its business and its share price. Up more than 100% in Q4, the stock price is on track to double again over the next year.

Cybersecurity is a broad industry in the computer and technology sector that is comprised of many types of firms targeting different aspects of online protection. Just as home security can encompass surveillance cameras and alarm systems to panic rooms and fireproof safes, cybersecurity can entail endpoint and events monitoring to backup and data protection.

RBRK rides with record subscription ARR and partnerships but faces challenges from intense competition in the data protection market.

I'm raising my price target on Rubrik to $75 after the company's Q3 beat-and-raise, which produced a ~20% spike in the stock. Rubrik's large $53 billion TAM, AI growth tailwinds, and differentiated security approach support its premium valuation and continued growth potential. Q3 revenue soared 43% y/y, with subscription ARR hitting $1 billion, demonstrating robust growth and customer retention when many other software companies are struggling with closing deals.

Cybersecurity threats continue to rise, and companies across sectors anticipate increasing spending on defense measures to prevent or lessen the damage caused by these attacks in the future. According to a recent survey of more than 1,000 executives across industries by Deloitte, 57% of respondents expect their companies to boost cybersecurity spending over the coming 1-2 years.

With its initial public offering (IPO) only happening back in April, cybersecurity company Rubrik (RBRK 20.44%) is waisting no time getting the attention of investors. As of 3:30 p.m.

Rubrik CEO and co-founder Bipul Sinha discusses the future of digital security under a second Trump administration. He joins Caroline Hyde to discuss on "Bloomberg Technology.

Rubrik, Inc. saw its stock surge as it beat and raised guidance. In stark contrast with many cybersecurity peers, the company remains unprofitable even on a non-GAAP basis. The company is unlikely to see any continued boost from converting maintenance to subscription revenues.

It's a green morning on Wall Street. Rubrik (RBRK) surged to an all-time high after posting an earnings beat and guidance raise.