Rubrik rises after stronger 2025 revenue forecast

Rubrik

06/12/2024 11:29

** Cybersecurity software firm Rubrik's  RBRK.N  shares 
rise 22.8% to $65.89 premarket
    ** On Thursday, RBRK forecast 2025 revenue between $860 mln
and $862 mln vs prior view of $830 mln to $838 mln
    ** Co expects annual adjusted loss between $1.82 per share
and $1.86 per share vs adjusted loss between $2.06 per share and
$2.12 per share it expected earlier
    ** Co's Q3 sales of $236.2 mln beat analysts' est. of $217.5
mln, according to LSEG data, driven by strong growth in its
subscription annual recurring revenue 
    ** Co reported Q2 adjusted loss of 21 cents/share, smaller
than expected loss of 40 cents/share - LSEG
    ** As of last close, stock has risen ~39% YTD

 (Reporting by Kamal Choudhury in Bengaluru)
 ((Kamal.Choudhury@thomsonreuters.com;))