“We see a strong continuous request”

Rubik counting (RBRK) Since another program does not witness a slowdown in working at the hands of the fluctuations of the Mars Market.

“We see a strong and constant request,” the co -founder and CEO of Rubrik Bipul Sinha told me in Yahoo Finance on Friday. Sinnit’s comments echo comments of Docusign CEO Alan Thegsen To finance Yahoo earlier this morning.

“We are confident in achieving our goals for the whole year,” he added.

The shares of the cybersecurity company priced the public subscription in April 2024 at a price of $ 32, above the high end of its expected scope. The arrow opened for trading at $ 38.60.

the Decrease The public subscription recorded 752 million dollars for the expansion plans in Rubrik, initially evaluating the company for $ 5.6 billion.

The stock is now trading at $ 69, and the company is trading in the maximum market of $ 13 billion after making 25 % of pop music today.

Rubrik’s fourth quarter has shown that cybersecurity gets greater part of the technology sections that seek to protect data in the era of artificial intelligence. The company has grown sales at a delicious pace and its losses significantly reduced the previous year.

“In general, this was another huge quarter of the Rubrik growth story, which we believe is still in early roles with the electronic flexibility market estimated at $ 53 billion by 2027”, “Wedbush Tech analyst Dan Eve He said.

Evis repeated the performance of the stock.

• Fourth quarter sales: +47 % year on an annual basis to $ 258.1 million, compared to estimates of $ 233 million

• Annual subscription to repeated revenues: +39 % to $ 1.09 billion for $ 106 billion estimates

• Lowering profits for one share: Loss for one share $ 0.18 for a loss of $ 1.52 a year ago for estimates of a loss of $ 0.39

• The first quarter:

• Complete year:

  • sales: $ 1.145 billion to $ 1.16 billion, compared to estimates of $ 3.15 billion, compared to $ 1.11 billion

  • Lowering profits for one share: A loss from $ 1.13 to $ 1.23 for estimates of a loss of $ 1.25

• Rubrik 2,246 customers had annual revenues to subscribe of $ 100,000 or more, an increase of 29 % on an annual basis.

• The completion of the free cash flow is positive for this year.

Brian Suzy It is the executive of Yahoo Finance. Follow Sozzi on X briansozziand InstagramAnd LinkedIn. Tips about stories? Send an email to [email protected].

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