Rubrik (RBRK) Sheds 18% After Earnings

We recently published 10 Stocks Melt Down in Hours. Rubrik, Inc. (NYSE:RBRK) is one of the worst performers on Wednesday.

Shares of Rubrik Inc. dropped by 18.05 percent on Wednesday to close at $80.72 apiece as investors appeared to have already priced in the company’s strong performance in the second quarter of the year before the official results.

Rubrik, Inc. (NYSE:RBRK), a security and AI company offering data protection, cybersecurity resilience, and enterprise AI acceleration, narrowed its net loss by 46 percent to $95.9 million from $176.9 million in the same period last year. Revenues grew by 51 percent to $309.86 million from $204.95 million year-on-year.

Following the results, Rubrik, Inc. (NYSE:RBRK) also raised its growth outlook for the third quarter and full-year period of 2025.

For the current quarter alone, Rubrik, Inc. (NYSE:RBRK) is targeting to book between $319 million and $321 million in revenues, while that for the full-year period is expected to hit $1.227 billion to $1.237 billion.

Subscription revenues for the full year alone are also targeted at $1.408 billion to $1.416 billion.

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Disclosure: None. This article is originally published at Insider Monkey.