Rubrik RBRK is set to reveal its second-quarter fiscal 2025 results on Sept. 9.
Anticipated revenues for the fiscal second quarter fall within the range of $195-$197 million for RBRK.
Market analysts estimate the fiscal second-quarter revenues to be around $195.58 million.
Expectations for the fiscal second-quarter earnings stand at a loss of 49 cents per share, a figure that has remained steady over the past month.
Insights on Rubrik’s Performance
Rubrik’s second-quarter show is poised for success, riding on its expanding customer base and the rising need for robust data security solutions.
Buoyed by a strong fiscal first-quarter performance where subscription revenues catapulted by 59% year over year to reach $172.2 million, Rubrik is geared to maintain this upward trajectory, courtesy of a sturdy partner network and the growing acceptance of its offerings.
Rubrik’s gamut of clients, including heavyweights like Crowdstrike CRWD, Kyndryl, and the cloud segment of Alphabet – Google Cloud, is expected to fuel growth in this quarter.
In the initial quarter of fiscal 2025, RBRK inked a strategic association with CrowdStrike to boost data security by melding the Rubrik Security Cloud with CrowdStrike’s Falcon XDR platform, thus enabling swifter identification and prevention of breaches to sensitive data. Gains from this collaboration are likely to mirror in the upcoming earnings report.
Rubrik’s announcement of a global strategic pact with Kyndryl to jointly develop and launch Kyndryl Incident Recovery with Rubrik, a meticulously managed solution providing data protection, cyber incident recovery, and disaster recovery for cloud and on-premises workloads, is expected to fortify its competitive positioning in the market and lure in more clientele in the quarter to come.
Recently, the company unveiled a fresh partnership with Mandiant, a division of Alphabet’s Google Cloud, to interlace threat intelligence and incident response for enhanced cyber recovery and resilience. This integration of the company’s expertise with Google Cloud’s robust capabilities is likely to magnify Rubrik’s growth trajectory and cement its position as a premier provider of data security solutions.
Despite its strides, Rubrik faces strong rivalry from data management and protection entities like Cohesity, Commvault, Veeam, IBM, and Dell EMC, potentially impacting its revenue performance in the upcoming quarter.
Rubrik currently holds a Zacks Rank #3 (Hold).