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Stock impact report

Goldman Sachs Reaffirms Buy on Rubrik (RBRK) After Post-Earnings Stock Decline [Yahoo! Finance]

Rubrik, Inc. Class A (RBRK) 
Company Research Source: Yahoo! Finance
Rubrik Inc. (NYSE:RBRK) on December 19, as the stock fell 17% from its post-earnings highs. The firm attributes the pressure at that point to Lightspeed's in-kind distribution of nearly 3 million shares, which began on December 11, as well as a broader decrease in high-growth security software names. Goldman Sachs adds that the company's shares has reverted to slightly above pre-third quarter valuations despite Rubrik's solid beat-and-raise quarter, implying that investors are discounting the company's mid-30s ARR growth trajectory and improved free cash flow profile. In the third quarter, the data security company surpassed consensus projections on several parameters, including revenue, subscription ARR, operating income, and free cash flow. Rubrik Inc. (NYSE:RBRK) added over $95 million in net new subscriber ARR, indicating a sequential acceleration and increased platform use. The company also maintains a net revenue retention rate of more than 120% and boasts strong large-deal Show less Read more
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