BUZZ-Rubrik rises after stronger 2025 revenue forecast

Reuters
06 Dec 2024
BUZZ-Rubrik rises after stronger 2025 revenue forecast

** 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;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10