Rubrik

Rubrik, a provider of zero-trust data security, reported 38% revenue growth in Q2 to $427 million and raised its full-year forecast. More than 2,500 large customers use the platform for recovery after cyberattacks, and partners like Microsoft are integrating Rubrik's solutions into their security architectures. The company positions data and cyber resilience as a driver for enterprise AI adoption. » Więcej na finanzen.net

Shares of Rubrik rose about 21% this week as concerns over AI-powered bot swarms increased demand for cybersecurity and data protection. Rubrik sells subscription backup and recovery services; last quarter ARR rose 33% year-over-year to $1.66 billion with gross margins near 80%. The stock is up roughly 200% over five years and now trades at a price-to-sales ratio of 13.7, leading some investors to question its current valuation despite expectations of durable revenue growth. » Więcej na finance.yahoo.com

At the Goldman Sachs Communacopia + Technology Conference, Rubrik announced a strategic shift from prevention to resilience, recovery and autonomous response. CEO Bipul Sinha said AI-driven attacks require identity resilience, agent-based security and autonomous recovery; new offerings are Flex, Annapurna and Rubrik X. Rubrik reported accelerated ARR net growth of 35% and raised its full-year guidance, and demand is increasing for self-hosted and sovereign deployments internationally. » Więcej na de.investing.com