Latest news with #RBRK
Yahoo
3 days ago
- Business
- Yahoo
Will Rubrik, Inc. (RBRK) Report Negative Earnings Next Week? What You Should Know
Wall Street expects a year-over-year increase in earnings on higher revenues when Rubrik, Inc. (RBRK) reports results for the quarter ended April 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on June 5. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This company is expected to post quarterly loss of $0.33 per share in its upcoming report, which represents a year-over-year change of +79.1%. Revenues are expected to be $260.22 million, up 38.9% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Rubrik, Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -4.62%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that Rubrik, Inc. Will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Rubrik, Inc. Would post a loss of $0.39 per share when it actually produced a loss of $0.18, delivering a surprise of +53.85%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Rubrik, Inc. Doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Rubrik, Inc. (RBRK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Insider
4 days ago
- Business
- Business Insider
Netskope taps Morgan Stanley for U.S. IPO, Reuters reports
Cybersecurity firm Netskope has hired Morgan Stanley (MS) to lead preparations for a U.S. initial public offering, according to a Reuters report by Echo Wang and Milana Vinn. Netskope is aiming to go public as early as the third quarter of this year, potentially raising over $500M with a valuation that could exceed $5B, sources indicated, though these plans are subject to market conditions. Founded in 2012, Netskope provides cloud-based security software, competes with firms like Rubrik (RBRK) and Zscaler (ZS), and was valued at $7.5B in 2021. CEO Sanjay Beri previously told Reuters in June 2024 that an IPO would help grow brand awareness for the company. Confident Investing Starts Here:
Yahoo
15-05-2025
- Business
- Yahoo
Rubrik rating cut: Mizuho says stock is now fairly valued
-- Mizuho downgraded shares of Rubrik to Neutral from Outperform in a note to clients on Thursday. The firm pointed to valuation concerns after a strong rally that has pushed the stock to all-time highs. 'It's been a great ride, but our stop is here,' Mizuho analysts wrote. They raised the price target on Rubrik to $86 from $75 but said the recent surge in the stock has left little room for further upside. Rubrik shares closed Wednesday at $84.61. Since its initial public offering in 2024, Rubrik has soared 165%, including a 29% gain so far in 2025. While Mizuho remains optimistic about the company's underlying business, the firm now believes the stock is 'fairly valued.' Mizuho credited Rubrik's success to its strength in data security and ransomware protection. 'We firmly believe that RBRK's intense focus on protecting and operationalizing data, along with best-in-class ransomware defenses, has enabled it to significantly separate from most legacy and next-gen vendors in this space,' the analysts wrote. They also pointed to continued growth opportunities, including Rubrik's expansion into protecting more SaaS applications and data sources. Still, despite these tailwinds, the sharp rise in the stock has prompted a more cautious view. The firm emphasized that the move was valuation-driven rather than a change in view on Rubrik's fundamentals. However, they stated that they expect the company to grow ARR modestly faster than peers. Related articles Rubrik rating cut: Mizuho says stock is now fairly valued Analysts raise price targets on CoreWeave after blowout Q1, despite CapEx concerns Analysts see long-term upside in Alibaba despite earnings miss Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-03-2025
- Business
- Yahoo
Why Rubrik Inc. (RBRK) Went Up On Friday?
We recently published a list of . In this article, we are going to take a look at where Rubrik Inc. (NYSE:RBRK) stands against other AI stocks that dominate Friday's top performers. The stock market bounced back on Friday, erasing the week's losses following news that a feared government shutdown is unlikely to happen amid news that a funding plan is likely to be passed. The tech-heavy Nasdaq recorded the highest gain, adding 2.61 percent, followed by the S&P 500 with a 2.13-percent gain, and the Dow Jones with 1.65 percent. Ten companies, predominantly under the AI industry, mirrored the broader market optimism, registering strong double-digit gains during the session. In this article, we have named the day's best performers and detailed the reasons behind their performance. To come up with the list, we only considered those with $2 billion in market capitalization and $5 million in trading volume. Copyright: daviles / 123RF Stock Photo Rubrik Inc. (NYSE:RBRK) Shares of Rubrik Inc. surged by as high as 28.8 percent at intra-day trading before ending the day just up by 27.79 percent at $70.64 each as investors cheered its strong revenue performance during the last quarter and full year of 2024. In its latest earnings release, RBRK said revenues for the fourth quarter increased by 47 percent to $258 million from $175 million year-on-year, while revenues for the full year surged by 41 percent to $886 million from $628 million. Despite the strong revenue figures, the company remained at a higher net loss, by 17.8 percent in the quarter at $114.9 million versus $97.5 million year-on-year, and by 225 percent at $1.154 billion from $354 million in 2023. Looking ahead, RBRK expects to book revenues between $259 million and $261 million in the first quarter of the year and revenues of $1.145 billion and $1.161 billion in the full-year period. Overall, RBRK ranks 2nd on our list of AI stocks that dominate Friday's top performers. While we acknowledge the potential of RBRK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as RBRK but trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
