Rubrik’s Upcoming Financial Snapshot
Rubrik RBRK is set to reveal its second-quarter fiscal 2025 results on Sept. 9.
Anticipation surrounds Rubrik’s revenue forecast for the fiscal second quarter, targeting a range of $195-$197 million.
The Zacks Consensus Estimate for Rubrik’s fiscal Q2 revenues stands at $195.58 million.
Analysts expect a loss of 49 cents per share for Rubrik in the upcoming quarter, consistent over the last month.
Rubrik’s Price and Earnings Performance
Rubrik, Inc. price-eps-surprise | Rubrik, Inc. Quote
Let’s delve into Rubrik’s current scenario heading into this significant announcement:
Key Considerations for Rubrik
Rubrik’s second-quarter results are likely to reflect growth driven by its expanding customer base and heightened demand for its data security solutions.
Building on a strong showing in the prior fiscal quarter, where subscription revenues soared by 59% year over year to $172.2 million, Rubrik is poised to sustain its momentum supported by a robust partner network and increased adoption of its offerings.
Rubrik’s clientele expansion, featuring prominent industry names like Crowdstrike CRWD, Kyndryl, and Alphabet’s Google Cloud, is expected to have been a growth driver in the fiscal second quarter.
In the initial quarter of fiscal 2025, Rubrik unveiled a partnership with CrowdStrike, enhancing data security by merging the Rubrik Security Cloud with CrowdStrike’s Falcon XDR platform, facilitating quicker detection and prevention of attacks on vital data. The benefits from this collaboration are likely to manifest in the upcoming quarter’s performance.
Rubrik also forged a global strategic alliance with Kyndryl to introduce Kyndryl Incident Recovery with Rubrik, a fully managed solution delivering data protection, cyber incident recovery, and disaster recovery for cloud and on-premises workloads. This partnership is anticipated to bolster Rubrik’s market position and attract new clients in the forthcoming period.
In August, the company announced a fresh collaboration with Mandiant, a part of Alphabet’s Google Cloud, integrating threat intelligence and incident response to boost cyber recovery and resilience. The amalgamation of Google Cloud’s expertise and capabilities is projected to have accelerated Rubrik’s growth and solidified its position as a premier provider of data security solutions.
Despite these positive developments, Rubrik faces tough competition from data management and protection rivals like Cohesity, Commvault, Veeam, IBM, and Dell EMC, which may have had a dampening effect on its revenue growth in the quarter under review.
Rubrik currently holds a Zacks Rank #3 (Hold).