Rubrik, Inc. (NYSE:RBRK ) Q2 2025 Results Conference Call September 9, 2024 5:00 PM ET Company Participants Melissa Franchi - Vice President, Head of Investor Relations Bipul Sinha - CEO, Chairman and Co-Founder Kiran Choudary - Chief Financial Officer Conference Call Participants Saket Kalia - Barclays Fatima Boolani - Citi Andrew Nowinski - Wells Fargo Gregg Moskowitz - Mizuho Joel Fishbein - Truist Securities Eric Heath - KeyBanc Capital Markets Yi Fu Lee - Cantor Fitzgerald Todd Coupland - CIBC Brad Zelnick - Deutsche Bank Shrenik Kothari - Baird James Fish - Piper Sandler Operator Good day, everyone, and welcome to today's Rubrik Second Quarter Fiscal Year 2025 Results Conference Call. At this time, all participants are in a listen-only mode.
RBRK's fiscal second-quarter performance is likely to reflect benefits from its expanding clientele and increased demand for its data security solutions.
Betting on speculative tech stocks doesn't seem like such a great idea. Not with the Nasdaq 100 in free-fall and investors rushing to take some of their AI stock profits off the table before the bear can claw it away from them.
Rubrik shares have moved very little since going public in April at $32 per share. Rubrik's focus on data resilience sets it apart from competitors in the cybersecurity market, and it addresses a large $56 billion global TAM. Despite operating losses, Rubrik's rapid growth and high-margin recurring revenue stream suggest a path towards profitability.
Rubrik, Inc. recently completed an IPO and just reported strong initial quarterly results, focusing on subscription revenues for data security. Despite concerns over costs, Rubrik's subscription ARR is growing rapidly, with a forecasted total addressable market of $53 billion by 2027. The stock is cheap, trading just above the IPO price, and only trades at ~7x forward sales targets.
Wedbush has initiated coverage on Rubrik Inc with an outperform rating and a $50 price target. Analysts highlighted Rubrik's leading position in data security and cyber resiliency, particularly through its flagship product, Rubrik Security Cloud (RSC).
Rubrik Inc (NYSE:RBRK) stock is up 0.2% to trade at $36.63 at last check, reversing earlier losses after six firms initiated bullish coverage.