Rubrik RBRK is all set to unveil its second-quarter fiscal 2025 outcomes on September 9.
Anticipating the fiscal second-quarter figures, Rubrik forecasts revenues ranging between $195 million and $197 million.
According to the Zacks Consensus Estimate, revenue for the fiscal second quarter is projected to hit $195.58 million.
The consensus estimate for fiscal second-quarter earnings remains stagnant at a loss of 49 cents per share, unchanged over the past 30 days.
Rubrik’s Price and EPS Performance
Rubrik, Inc.’s price-eps-surprise | Rubrik, Inc.’s Quote
Before the announcement, let’s dig into what’s been happening with RBRK:
Critical Aspects for Rubrik Investors to Consider
Rubrik’s performance in the second quarter is poised to benefit from its expanding customer base and the rising demand for its data security solutions.
After a robust showing in the fiscal first quarter where subscription revenues soared by 59% year over year to $172.2 million, Rubrik is well-positioned to sustain momentum, driven by a strong network of partners and the growing adoption of its solutions.
The company’s expanding roster of customers, which includes key industry players like Crowdstrike CRWD, Kyndryl, and Alphabet’s cloud service, Google Cloud, likely fueled growth in the fiscal second quarter.
In the first quarter of fiscal 2025, RBRK unveiled a partnership with CrowdStrike to bolster data security by integrating the Rubrik Security Cloud with CrowdStrike’s Falcon XDR platform, facilitating quicker detection and prevention of attacks on sensitive data. The benefits of this collaboration are expected to reflect in the upcoming quarter’s performance.
Rubrik also announced a global strategic alliance with Kyndryl to jointly develop and roll out Kyndryl Incident Recovery in collaboration with Rubrik, a fully-managed solution providing data protection, cyber incident recovery, and disaster recovery for both cloud and on-premises workloads. This partnership is likely to enhance Rubrik’s market position and attract new clients in the following quarter.
Moreover, in August, the company disclosed a fresh partnership with Mandiant, a division of Alphabet’s Google Cloud, integrating threat intelligence and incident response to bolster cyber recovery and resilience. The integration of Google Cloud’s expertise and capabilities is anticipated to drive further growth for Rubrik and solidify its standing as a prominent provider of data security solutions.
Nonetheless, Rubrik faces tough competition from vendors in the data management and protection space, such as Cohesity, Commvault, Veeam, IBM, and Dell EMC, which might have had an adverse impact on its top-line growth for the quarter under review.
Rubrik currently holds a Zacks Rank #3 (Hold).