Rubrik falls despite beating estimates and raising its outlook
-13.05% to $93.05 from $107.02
What moved RBRK
- Rubrik reported adjusted second-quarter earnings of 20 cents a share, well above the 4-cent analyst estimate, on revenue of $427.3 million versus a $396.3 million forecast, up 38% year over year.
- Subscription annual recurring revenue reached $1.66 billion, up 33% year over year, and the company raised fiscal 2027 adjusted EPS guidance to 47-53 cents from a 31-cent estimate.
- Shares fell about 9% after the report even though it was Rubrik’s third straight quarter of beating estimates, a pattern the company has now seen after each of its last three reports.
- Midday trading had shares down around 11% as investors weighed the outlook against elevated expectations.
Sources: Seeking Alpha · ts2.tech · Yahoo Finance