Reported 1 day ago
Rubrik's stock fell 18.1% in trading today, despite exceeding sales and earnings expectations in its Q2 report. Investors expressed concerns over the company's forward guidance, deeming it insufficient to justify the stock's valuation. The data-security firm reported a non-GAAP loss of $0.03 per share on sales of $309.86 million, outperforming analyst estimates, but the guidance provided for future sales and losses prompted skepticism among investors.
Source: YAHOO