Rubrik, Inc. - RBRK STOCK NEWS

Rubrik, Inc. (NYSE: RBRK) has announced Data Security Posture Management (DSPM) for Microsoft 365 Copilot, a new capability designed to enhance data security and governance for organizations adopting AI-powered tools. This solution aims to provide greater visibility and control of sensitive data, reduce exposure risks, and enable secure adoption of Copilot.

Key benefits include:

• Preparing Microsoft 365 environments for secure Copilot adoption
• Identifying high-risk access permissions
• Ensuring accurate data labeling

The tool helps organizations minimize privacy and governance risks by detecting sensitive files with public or organization-wide access and identifying missing or inaccurate data sensitivity labels. This approach aims to prevent unauthorized user access to sensitive data when using Copilot, which follows existing Microsoft 365 data access controls.

Rubrik (NYSE: RBRK) and Pure Storage (NYSE: PSTG) have partnered to offer a comprehensive cyber resilience solution that combines primary storage, data security, and long-term retention. This partnership addresses challenges faced by organizations due to exponential data growth, including performance bottlenecks, lack of data visibility, and increasing cyber threats.

The solution provides a three-layered defense strategy:

• Rapid Recovery: Pure Storage Platform uses immutable snapshots for near-zero Recovery Time Objective
• Data Security: Rubrik Security Cloud offers a cyber resilience platform with additional capabilities
• Archival Location: Pure Storage Platform supports cost-effective, scalable storage for extended periods

This partnership aims to strengthen defenses and provide businesses with a robust, adaptive framework for true cyber resilience in an increasingly complex cybersecurity landscape.

Rubrik (NYSE: RBRK) has announced that its Cyber Recovery capabilities are now available for Nutanix AHV, a virtualization platform for VMs and containers. This expansion allows Nutanix AHV users to test and validate recovery plans in clean rooms and expedite forensic investigations, enhancing cyber resilience after cyberattacks.

Key benefits include:

• Testing cyber recovery readiness in clean rooms
• Orchestrating rapid recovery to production
• Expediting forensic investigations

The integration addresses the need for a 'defense in depth' strategy, complementing Nutanix's native security features. Rubrik's solution helps identify clean snapshots using data threat analytics, reducing time to restore business operations and conduct forensic analyses.

Rubrik (NYSE: RBRK), the Zero Trust Data Security™ Company, has announced its participation in the Goldman Sachs Communacopia + Technology Conference. The event is scheduled to take place in San Francisco on Thursday, September 12, 2024. Rubrik's presentation is set for 8:50 a.m. PT.

Investors and interested parties can access the live webcast of the presentation through Rubrik's investor relations website at https://ir.rubrik.com. The presentation will also be archived on the same website for future reference. This conference provides Rubrik with an opportunity to showcase its Zero Trust Data Security solutions and engage with investors and industry professionals.

Rubrik (NYSE: RBRK) reported strong Q2 FY2025 results, exceeding all guided metrics. Key highlights include:

• Subscription ARR grew 40% year-over-year to $919.1 million
• Revenue increased 35% year-over-year to $205.0 million
• 1,969 customers with $100K+ Subscription ARR, up 35% year-over-year
• Subscription revenue rose 50% to $191.3 million
• Non-GAAP gross margin improved to 77.0%

The company raised full-year guidance across all metrics, demonstrating confidence in its growth trajectory and operational efficiency. Rubrik's focus on cyber resilience and data security continues to drive strong customer adoption in the face of increasing cyber threats.

Rubrik, Inc. (NYSE: RBRK) is experiencing significant growth in its healthcare vertical, with a 50% year-over-year increase in Subscription ARR as of Q1 FY 25. The company serves over 300 hospitals, pharmaceuticals, clinics, and biotech companies, securing their critical data and applications. Rubrik is hosting its first Healthcare Summit on September 12, a virtual event for healthcare technology and security professionals. The summit will showcase the Rubrik Security Cloud Healthcare Dashboard for Epic, demonstrating how organizations can monitor critical Epic EMR apps in one place.

Healthcare industry leaders from North York General Hospital, UC Irvine Health, and Seattle Children's Hospital have praised Rubrik's solutions for enhancing cyber resilience and ensuring continuity of patient care. Rubrik Zero Labs reports that healthcare faces 50% more cyber threat attempts, with ransomware attacks impacting an estimated 20% of an organization's sensitive data.

Assured Data Protection, a leading IT managed services provider, has expanded its operations into Latin America, establishing Rubrik's presence across the region. This expansion comes through a joint venture agreement between Assured and Rubrik, aiming to provide enterprises with cyber resiliency solutions.

Key highlights include:

• Launch of a regional Center of Excellence in Costa Rica
• 24/7/365 managed service offering
• No limitations on data security volume for customers
• Operations established in Mexico, Peru, Costa Rica, Chile, and Colombia
• Spanish-speaking technical, sales, and client services hires across the region

This expansion is part of Assured's ambitious growth plans for 2024 and beyond, focusing on delivering innovative disaster recovery solutions with industry-leading managed services.

Rubrik (NYSE: RBRK), the Zero Trust Data Security™ Company, has announced it will release its second quarter fiscal 2025 financial results on September 9, 2024, after market close. The company will host a live conference call at 2:00 pm PT / 5:00 pm ET on the same day to discuss the results. Investors can access the webcast and related materials from Rubrik's investor relations website.

Additionally, Rubrik announced that the lock-up and market stand-off agreements for its directors, officers, and major shareholders will terminate on September 11, 2024, at the opening of regular trading. This event could potentially impact the stock's trading volume and price.

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.