Welcome to our dedicated page for Rubrik news (Ticker: RBRK), a resource for investors and traders seeking the latest updates and insights on Rubrik stock.
Rubrik Inc (RBRK) is a leader in cyber resilience and data security solutions, empowering enterprises to safeguard critical assets in cloud-driven environments. This dedicated news hub provides investors and technology professionals with timely updates on Rubrik's strategic initiatives, product innovations, and market developments.
Access authoritative coverage of Rubrik's cybersecurity advancements, including earnings disclosures, partnership announcements, and responses to evolving cyberthreats. Our curated collection features press releases on ransomware recovery capabilities, cloud data management enhancements, and compliance-related updates that shape enterprise IT strategies.
Key areas of focus include Rubrik's Zero Trust architecture implementations, cyber recovery posture assessments, and innovations in automated data protection. Track the company's progress in addressing critical challenges like ransomware mitigation and multi-cloud security through verified updates from executive leadership and technical teams.
Bookmark this page for consolidated access to Rubrik's official communications, analyst insights, and cybersecurity trend analyses. Stay informed about developments impacting data protection strategies and enterprise risk management frameworks in the digital transformation era.
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.
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.
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