Rubrik, Inc. - RBRK STOCK NEWS

Rubrik (NYSE: RBRK), the Zero Trust Data Security™ Company, has been recognized as a Leader in the 2024 Gartner® Magic Quadrant™ for Enterprise Backup and Recovery Software Solutions, positioned furthest in Completeness of Vision for the fifth consecutive year. CEO Bipul Sinha emphasized the company's commitment to providing complete cyber resilience for its 6,100+ customers.

The report highlights key market trends, including ransomware detection and recovery, expanding generative AI capabilities, and multicloud protection. Gartner's strategic planning assumptions predict significant industry shifts by 2028, such as widespread adoption of cyberthreat detection technology and generative AI in backup solutions.

Rubrik (NYSE: RBRK) has announced a partnership with Mandiant, part of Google Cloud, to enhance cyber resilience and accelerate incident response recovery. The collaboration integrates Mandiant Threat Intelligence directly into Rubrik Security Cloud, offering proactive threat detection in backups. Key features include:

1. Clean Room Recovery on Google Cloud for secure data recovery.
2. Collaboration between Rubrik Ransomware Response and Mandiant Incident Response teams.
3. Integration of Mandiant's threat intelligence into Rubrik's Threat Monitoring capability.

This partnership aims to reduce the impact of ransomware attacks and provide enhanced capabilities for threat detection and rapid recovery, addressing the global median dwell time of 10 days for undetected threats in victims' environments.

Rubrik (NYSE: RBRK), renowned for its Zero Trust Data Security™, has been named the 2024 Microsoft Healthcare and Life Sciences Partner of the Year. This honor highlights Rubrik's excellence in innovation and customer solutions using Microsoft technology. CEO Bipul Sinha emphasized the importance of this collaboration in ensuring cyber resilience and safeguarding sensitive healthcare data. Microsoft's annual Partner of the Year Awards recognized outstanding contributions from over 4,700 nominations worldwide. Nicole Dezen of Microsoft praised the momentum and creativity demonstrated by the partners, especially in AI and cloud technologies. The awards will be officially presented at the MCAPS Start for Partners event in July, with further celebrations at Microsoft Ignite in November.

Rubrik (NYSE: RBRK) announced its Q1 FY 2025 financial results, highlighting a 46% year-over-year increase in Subscription Annual Recurring Revenue (ARR) to $856.1 million and a 38% rise in total revenue to $187.3 million. The company expanded its customer base by 41% to 1,859 clients with $100K+ in Subscription ARR. Despite strong revenue growth, Rubrik reported a GAAP net loss per share of $(11.48), primarily due to $630.3 million in stock-based compensation tied to its IPO. The company closed its IPO in April 2024, raising net proceeds of $710.3 million. For FY 2025, Rubrik projects Subscription ARR between $983 million and $997 million, and revenue between $810 million and $824 million. However, the company anticipates a non-GAAP net loss per share of $(2.35) to $(2.25).

Rubrik (NYSE: RBRK) announced the winners of its inaugural Cyber Resilience Awards, recognizing companies excelling in data security. Barclays, ARIA S.p.A, Simpson Strong-Tie, and AMD were honored across different categories for their innovation and commitment to cyber resilience. The awards were based on the companies' ability to protect mission-critical data, transform data security strategies, and exemplify global data protection.

The winners will be celebrated at Rubrik Forward 2024, a virtual event on June 4-5. Rubrik's report highlighted that 94% of IT and security leaders faced significant cyberattacks last year, emphasizing the importance of robust data security measures.

Barclays was recognized for their proactive approach in protecting valuable assets, ARIA S.p.A for transforming healthcare data security, Simpson Strong-Tie for end-to-end data protection, and AMD for innovative data security techniques. Rubrik supports over 6,100 customers globally with its data security solutions.

Rubrik (NYSE: RBRK) announces Forward 2024, a global virtual event on June 4-5, 2024, focusing on cybersecurity trends like AI, ransomware, and cloud security. The event will feature data security experts from Microsoft, CrowdStrike, AON, and Zscaler, along with leaders from AMD, ARIA S.p.A. Lombardia, PCCW Global, and University of Reading. Key sessions include a keynote by Rubrik's CEO Bipul Sinha on the importance of cyber resilience and showcasing Rubrik's latest innovations. Breakout sessions and hands-on labs will cover AI-driven defense, cloud security, and ransomware protection. The event will conclude with a keynote from Oscar-winning actor Jeremy Renner.

Rubrik (NYSE: RBRK) will announce its first quarter fiscal 2025 financial results on June 11, 2024, after the market closes. The results pertain to the period ending April 30, 2024. A live conference call to discuss these results will occur at 2:00 pm PT / 5:00 pm ET on the same day. The call and related materials will be accessible on Rubrik's investor relations website, with a replay available afterward.

Rubrik (NYSE: RBRK) has been awarded two Global InfoSec awards for 'Pioneering Data Security Posture Management (DSPM)' and 'Pioneering Cyber Resilience' at the RSA Conference. The company is recognized for its innovative solutions in the field of data protection and cybersecurity, helping organizations combat evolving cyber threats. Rubrik's dedication to cyber resilience and Data Security Posture Management is highlighted by Cyber Defense Magazine, emphasizing the importance of safeguarding data against ransomware, breaches, and cyberattacks.

Kyndryl and Rubrik have announced a global strategic alliance to offer cyber incident recovery solutions to enhance cyber resilience for customers. The partnership aims to provide data protection, data analytics, and data security posture services, catering to industries such as healthcare, banking, and education. The collaboration introduces Kyndryl Incident Recovery with Rubrik, a fully managed solution that helps reduce system downtime, mitigate cyber incidents, and improve IT modernization outcomes.