Rubrik (NYSE:RBRK) Updates Q2 Earnings Guidance

Rubrik (NYSE:RBRKGet Free Report) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of ($0.50)-($0.48) for the period, compared to the consensus estimate of ($0.49). The company issued revenue guidance of $195-$197 million, compared to the consensus revenue estimate of $194.84 million. Rubrik also updated its FY 2025 guidance to -2.350–2.250 EPS.

Rubrik Stock Down 3.1 %

Shares of NYSE:RBRK opened at $31.11 on Friday. Rubrik has a 12-month low of $29.24 and a 12-month high of $40.00.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RBRK. Truist Financial initiated coverage on shares of Rubrik in a report on Monday, May 20th. They issued a buy rating and a $43.00 target price on the stock. CIBC began coverage on shares of Rubrik in a report on Tuesday, May 21st. They set an outperformer rating and a $50.00 target price for the company. Mizuho started coverage on Rubrik in a research report on Monday, May 20th. They set a buy rating and a $46.00 price target for the company. Wells Fargo & Company started coverage on Rubrik in a research report on Monday, May 20th. They issued an overweight rating and a $42.00 price objective on the stock. Finally, Capital One Financial assumed coverage on Rubrik in a research note on Monday, May 20th. They issued an overweight rating and a $42.00 price target for the company. Thirteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Buy and an average price target of $45.57.

Check Out Our Latest Report on RBRK

Rubrik Company Profile

(Get Free Report)

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.

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