Rubrik RBRK is set to unveil its second-quarter fiscal 2025 outcomes on September 9.
Anticipating a revenue range between $195-$197 million for the fiscal second quarter, RBRK stands poised for scrutiny by investors.
Pegged at $195.58 million, the Zacks Consensus Estimate for fiscal second-quarter revenues sets the benchmark against which the company’s performance will be judged.
An unchanged consensus estimate for fiscal Q2 earnings sits at a loss of 49 cents per share, offering a clear picture of market expectations.
Rubrik’s Performance and Expectations
Analysts foresee Rubrik’s second-quarter journey being bolstered by an expanding clientele and an increasing hunger in the market for their data security solutions.
Bolstered by a robust fiscal first quarter, where subscription revenues soared 59% year over year to $172.2 million, Rubrik’s strong partner network and the escalating adoption of its solutions set the stage for sustained growth.
Rubrik’s cohort of clients, boasting heavyweights like Crowdstrike CRWD, Kyndryl, and Alphabet’s cloud wing, Google Cloud, are believed to have fueled growth in the past quarter.
The strategic partnership with CrowdStrike and the alliance formed with Kyndryl are poised to furnish tangible results, driving Rubrik’s trajectory skyward in the fiscal quarter to be disclosed soon.
In line with these collaborations, the recent alliance with Mandiant, a pillar of Alphabet’s Google Cloud, is expected to fortify Rubrik’s footing in the market, amplifying its efficacy in providing top-tier data security solutions to the clients.
Yet, amidst these wins, Rubrik faces fierce competition from a slew of data management and protection rivals, which may have dented its revenue growth in the period under review.
Rubrik’s current Zacks Rank stands at #3 (Hold), reflecting a cautious sentiment in the investment circles.
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