In This Article:
Rubrik (NYSE:RBRK) jumped 22% to $67.43 as of 10:14 AM ET Friday, after the cybersecurity company reported better-than-expected quarterly results and guidance, drawing praise from Wall Street.
Mizuho analyst Gregg Moskowitz noted that Rubrik outperformed estimates, largely due to strong subscription growth. He highlighted the company's ransomware defenses and data security focus as key differentiators, maintaining an Outperform rating while slightly lowering the price target to $75 from $82 amid broader market valuation pressures. Wedbush Securities raised its price target to $80 from $75, citing Rubrik's strong R&D investments and growing market opportunity.
The firm noted that Rubrik's fiscal 2026 earnings per share guidance of ($1.23) to ($1.13) exceeded consensus expectations of ($1.25), while its free cash flow guidance of $45M to $65M signals disciplined investment. Analysts see Rubrik in the early stages of a high-growth cycle, with the cyber resilience market projected to reach $53 billion by 2027. Shares of other cybersecurity firms, including Palo Alto Networks (NASDAQ:PANW), CyberArk (NASDAQ:CYBR), and CrowdStrike (NASDAQ:CRWD), also gained in response.
This article first appeared on GuruFocus.