Rubrik's Stock Jumps 25% After Strong Subscription Sales

Reported 1 day ago

Rubrik's shares surged by 25% following the release of impressive financial results, where the cybersecurity firm reported a smaller loss and higher revenue driven by a 54% increase in subscription sales. Co-founder and CEO Bipul Sinha declared fiscal 2025 a 'milestone year' for the company, which exceeded analysts' expectations for full-year guidance, projecting an adjusted loss and revenue surpassing forecasts.

Source: YAHOO

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