Rubrik (NYSE:RBRK) Issues FY25 Earnings Guidance

Rubrik (NYSE:RBRK) updated its FY25 earnings guidance on Monday. The company provided EPS guidance of $(2.12)-$(2.06) for the period, compared to the consensus EPS estimate of ($2.30). The company issued revenue guidance of $830-838 million, compared to the consensus revenue estimate of $818.49 million. Rubrik also updated its Q3 guidance to $(0.41)-$(0.39) EPS.

Analyst Ratings Changes

RBRK has been the topic of a number of recent analyst reports. Mizuho began coverage on Rubrik in a research note on Monday, May 20th. They issued a buy rating and a $46.00 price objective on the stock. Wedbush reissued an outperform rating and set a $50.00 price objective on shares of Rubrik in a report on Wednesday, June 12th. BMO Capital Markets raised shares of Rubrik from a market perform rating to an outperform rating and set a $40.00 price target for the company in a report on Thursday, June 6th. Wells Fargo & Company assumed coverage on shares of Rubrik in a report on Monday, May 20th. They set an overweight rating and a $42.00 target price for the company. Finally, Barclays boosted their target price on Rubrik from $41.00 to $42.00 and gave the stock an overweight rating in a research report on Wednesday, June 12th. Fifteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Rubrik presently has a consensus rating of Buy and a consensus price target of $45.13.

Rubrik Price Performance

Shares of Rubrik stock opened at $32.07 on Tuesday. Rubrik has a 52-week low of $28.34 and a 52-week high of $40.00. The company has a 50-day simple moving average of $33.46.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Monday, September 9th. The company reported ($0.97) EPS for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The business had revenue of $204.95 million during the quarter, compared to analysts’ expectations of $195.58 million. As a group, analysts anticipate that Rubrik will post -7.7 earnings per share for the current year.

About Rubrik

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.