Rubrik dips after quarterly results

Rubrik

10/09/2024 13:18

** Cybersecurity software firm Rubrik's  RBRK.N  shares fall
8.61% to $29.3 premarket
    ** RBRK on Monday forecast 2025 revenue in the range of $830
mln to $838 mln vs prior view of $810 mln to $824 mln
    ** Company expects annual adjusted loss between $2.12 and
$2.06 per share vs adjusted loss between $2.35 and $2.25 per
share it expected earlier
    ** Posts Q2 revenue of $205.1 mln vs $151.5 mln a year ago
    ** Reports Q2 adjusted loss of $0.40 per share vs loss
of$1.33 per share a year ago
    ** All 16 analysts rate RBRK stock "buy" or higher; their
median PT is $44.50 - LSEG data
    ** Its shares have traded as high as $40 (April 25) and as
low as $28.34 (June 21)
    ** Stock down ~13.4% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.Srivastava2@thomsonreuters.com;))