Rubrik, Inc. - RBRK STOCK NEWS

Rubrik (NYSE: RBRK) has achieved Federal Risk and Authorization Management Program (FedRAMP®) authorization at the Moderate Impact Level for its Rubrik Security Cloud – Government platform. The authorization was sponsored by the National Nuclear Security Administration (NNSA), an Office of the U.S. Department of Energy. The platform, built on zero trust architecture, is designed to secure enterprise, cloud, and SaaS data against cyberattacks.

FedRAMP is a government-wide program that standardizes security assessment and monitoring of cloud services. The Moderate Impact Level authorization indicates the platform is suitable for agencies where security breaches would have serious adverse effects on operations, assets, or individuals.

Rubrik announces the integration of Data Security Posture Management (DSPM) into Rubrik Security Cloud, set to launch in early 2025. This integration aims to address sensitive data exposure concerns in generative AI adoption by providing enhanced data visibility and control across cloud, SaaS, and on-premises environments.

The new DSPM feature allows existing Rubrik customers to activate capabilities within their current environment without lengthy deployment processes. The solution utilizes Microsoft MIP labeling to classify data and identify risks, helping organizations proactively reduce data risks and accelerate secure AI adoption.

Key benefits include automated sensitive data classification, risk reduction for Gen AI tools, remediation of excessive permissions, and correction of data classification labels, all while leveraging existing Rubrik Security Cloud infrastructure.

Rubrik (NYSE: RBRK), a Zero Trust Data Security company, has announced its upcoming participation at the Barclays Global Technology Conference in San Francisco. The presentation is scheduled for Wednesday, December 11, 2024, at 4:15 p.m. PT. Interested parties can access the live presentation and its archived version through Rubrik's investor relations website at https://ir.rubrik.com.

Rubrik (NYSE: RBRK) reported strong Q3 FY2025 results, with Subscription ARR growing 38% year-over-year to $1,002.3 million and total revenue increasing 43% to $236.2 million. The company achieved 2,085 customers with $100K+ in Subscription ARR, up 32% year-over-year.

Key financial metrics include subscription revenue of $221.5 million (up 55%), GAAP gross margin of 76.2%, and improved free cash flow of $15.6 million. The company's cash position stands at $632.0 million. Notable developments include new partnerships with Pure Storage and Okta, plus enhanced support for Microsoft 365 Copilot and Red Hat OpenShift.

For Q4 FY2025, Rubrik expects revenue between $231.5-233.5 million, and full-year FY2025 revenue guidance of $860-862 million.

Rubrik (NYSE: RBRK) announces enhanced cyber protection capabilities for AWS cloud data, focusing on improving cyber resilience and reducing downtime risks. The company introduces Rubrik Cloud Vault (RCV), a fully managed, isolated, and immutable backup repository, along with expanded features including Anomaly Detection, Threat Monitoring, Threat Hunting, and Data Discovery & Classification. These services aim to help organizations identify hidden threats, respond faster to cyber incidents, and ensure clean data recovery. While Anomaly Detection is currently available for AWS customers, other features including RCV are planned for early 2025.

Rubrik announces Rubrik Annapurna, a single API service integrating with Amazon Bedrock for building generative AI applications. The service provides secure data embeddings from Rubrik Security Cloud, enabling access to enterprise-wide data across on-premises, cloud, and SaaS platforms.

The integration aims to simplify AI development by providing fast API-first secure data access, out-of-the-box application-aware embedding engine, seamless data mobilization, and a unified datastore. Key use cases include intelligent customer support, smart sales assistance, and creative marketing tools, allowing organizations to leverage their proprietary data for AI applications while maintaining security and compliance.

Rubrik (NYSE: RBRK) announces a new cyber resilience solution for Microsoft Azure Blob Storage, addressing security challenges in cloud data storage. The solution enables autonomous discovery, classification, and monitoring of sensitive data without leaving the customer's environment. Key benefits include security posture assessment, threat monitoring, cost reduction through redundant data identification, and rapid recovery options. The announcement follows Rubrik's finding that 70% of observed cloud data is object storage, with nearly 90% being text or semi-structured files, potentially having lower security coverage compared to on-premise and SaaS data.

Rubrik (NYSE: RBRK) announced a collaboration with Red Hat to support Red Hat OpenShift Virtualization on Rubrik Security Cloud, with general availability expected in early 2025. The partnership aims to enhance data security and cyber resilience for organizations modernizing their virtual machines and applications. According to Rubrik Zero Labs' research, attackers attempted to compromise backups in 96% of attacks, succeeding partially in 74% of cases.

The collaboration will provide a unified platform for protecting virtualized environments, enabling automated protection, faster data recovery, and streamlined data management through single service level agreement policies across data centers, clouds, and SaaS applications.

Rubrik (NYSE: RBRK) announced it will release its third quarter fiscal 2025 financial results on December 5, 2024, after market close. The company will host a conference call at 2:00 PM PT / 5:00 PM ET on the same day to discuss the results. Investors can access the live webcast and related materials through Rubrik's investor relations website, where a replay will also be available after the call.