Rubrik Posts Q2 Adjusted EPS of 20 Cents, Beating Expectations
RBRK has more than doubled off its 52-week low of $42.25.
Summary
Rubrik reported Q2 adjusted EPS of 20 cents, beating expectations. The company had guided Q2 revenue between $395M and $397M, and this EPS figure suggests margin performance may be tracking ahead of expectations. Rubrik's Q2 revenue jumped 38% on subscription ARR growth. The stock is trading near its 52-week high, so a positive earnings surprise could extend the rally. Watch for full revenue and guidance details in the upcoming earnings release.
At the time of this announcement, RBRK was trading at $109.89 on NYSE in the Technology sector, with a market capitalization of approximately $22B. The 52-week trading range was $42.25 to $107.91. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.