Count Rubrik (RBRK) As another software played not seeing a slowdown in business in the hands of the volatility of the March market.
“We see a strong continuous demand,” said the co-founder and CEO of Rubrik, Bipul Sinha on Friday. Sinha’s comments echo those of the CEO of Docusign Allan Thygesen In Yahoo finances earlier this morning.
Sinha added: “We are confident to achieve our goals in the full year.”
The actions of the Cybersecurity Company estimated its IPO of April 2024 at $ 32, above the high-end of their expected range. The action opened at $ 38.60.
THE stiff The IPO transported $ 752 million for the Rubrik expansion plans, initially evaluating the company at $ 5.6 billion.
The action is now negotiated at $ 69 and the company has a market capitalization of $ 13 billion after a post-benefit pop today.
At Close: March 14 at 4:00 p.m.
The fourth quarter of Rubrik has shown that a cybersecurity game obtaining a greater number of spending from technological departments seeking to protect data in the AI era. The company increased sales at a warm pace and considerably reduced its losses compared to the previous year.
“Overall, it was another massive quarter for the history of Rubrik’s growth, which, in our view, is still in the first rounds with the cyber-resilience market estimated to reach $ 53 billion by 2027”, Wedbush Tech analyst Tech Tech Dan Ives said.
Ives reiterated an outperformance note on the stock.
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Net sales of the fourth trimester: + 47% from one year on the other to $ 258.1 million against estimates for $ 233 million
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Annual recurrent return subscription: + 39% to $ 1.09 billion against estimates for $ 106 billion
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Profit diluted by action: Loss per share of $ 0.18 against a loss of $ 1.52 a year ago compared to estimates for a loss of $ 0.39
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First quarter:
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Full year:
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Sales: $ 1.145 billion at $ 1.16 billion against estimates for $ 3.15 billion against estimates for $ 1.11 billion
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Profit diluted by action: Loss of $ 1.13 to $ 1.23 compared to estimates for a loss of $ 1.25
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Rubrik had 2,246 customers with recurring annual subscription income of $ 100,000 or more, up 29% from one year to the next.
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The available cash flows are completed positive for the year.
Brian Sozzi is the editor -in -chief of Yahoo Finance. Follow Sozzi on x @Briansozzi,, InstagramAnd Liendin. Tips on stories? Send an email to brian.sozzi@yahofinance.com.
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